Friday, July 10, 2009

July 2009

Results Announcement

  • 20 Jul 09 : K-REIT
  • 22 Jul 09 : CCT
  • 23 Jul 09 (AM) : CRCT
  • 23 Jul 09 (AM) : ART
  • 23 Jul 09 : Cambridge
  • 23 Jul 09 : MapleTree
  • 24 Jul 09 (AM) : CMT
  • 29 Jul 09 : StarHill Gbl
  • 11 Aug 09 : CitySpring


Average Yield = 13.505% / 11.899% (Excl. Saizen)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 - IPO

5.30

S$0.125

42.400%

S$0.85

Residential (Japan)

MI-REIT

Q4 : Mar-09

1.875

S$0.315

23.810%

S$1.09

Industrial

CCT

Q1 : Mar-09

3.24

S$0.79

16.633%

S$2.91

Office

LMIR

Q1 : Mar-09

1.36

S$0.36

15.111%

S$0.7273

Malls - Indonesia

Cambridge

Q1 : Mar-09

1.291

S$0.37

14.151%

S$0.73

Industrial

Suntec

Q2 : Mar-09

2.918

S$0.87

13.602%

S$1.972

Malls + Office

FrasersComm

Q1 : Mar-09

0.72

S$0.18

16.222%

S$0.79

Malls + Office (S'pore and Aust)

First REIT

Q1 : Mar-09

1.88

S$0.635

12.000%

S$0.9297

Hospitals + Hotel (Indonesia)

Starhill Gbl

Q1 : Mar-09

1.87

S$0.585

12.957%

S$1.41

Malls + Office

Fortune

Q1 : Mar-09

10.06

HK$3.72

10.817%

HK$7.47

Malls (HK)

MapleTree

Q1 : Mar-09

1.47

S$0.565

10.407%

S$0.88

Industrial

AscottREIT

Q1 : Mar-09

1.77

S$0.68

10.559%

S$1.51

Serviced Apts (Regional)

K-REIT

Q1 : Mar-09

2.38

S$0.945

10.212%

S$2.20

Office

CDL HTrust

Q1 : Mar-09

1.97

S$0.835

9.569%

S$1.39

Hotels

FrasersCT

Q2 : Mar-09

1.86

S$0.88

8.455%

S$1.23

Malls

PLife

Q1 : Mar-09

1.89

S$0.99

7.636%

S$1.32

Hospitals

A-REIT

Q4 : Mar-09

3.23

S$1.57

8.229%

S$1.58

Industrial

CapitaRChina

Q1 : Mar-09

2.14

S$1.07

8.112%

S$1.22

Malls (China)

CMT

Q1 : Mar-09

1.97

S$1.40

5.707%

S$1.65

Malls + Office

NOTES :

  • Mkt Price is as on 10-Jul-09
  • FCOT : Proposed 3-for-1 Rights @ $0.095 ; Circular (30-Jun-09) ; Mar09 (Proforma) - DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5%
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 24-Jul-09) ; Circular (22-Jun-09) : FY08 (Proforma) - DPU 3.85ct (Yield 7.8% @ $0.495 theoretical ex-rights price) ; NAV $0.802; Gearing 20.7%
  • CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09) ; Circular (29-May-09) : Mar09 (Proforma) - DPU 1.77ct (Yield 7.251% @ $0.825 theoretical ex-rights price) ; NAV $1.51 ; Gearing 30.7%
  • Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
  • CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
  • Saizen : No Payout since 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • PLife : Annualised DPU = 7.56ct
  • Fortune : DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • Suntec : Annualised DPU = 11.834ct
  • StarHill Gbl : Annualised DPU = 7.58ct
  • Cambridge : Annualised DPU = 5.236ct
  • LMIR : Annualised DPU = 5.44ct
  • FrasersCT : 95% Payout
  • FirstREIT - Annualised DPU 7.62ct
  • ART - Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 - Listed on 13-Feb-09
  • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU - Listed on 3-Apr-09
  • CCT : FY09 DPU (Projected) = 12.34ct - SGX Annc 9-Jun-08 (Pg 23)
  • LMIR : IPO Forecast - FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
  • Saizen : IPO Forecast - FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
  • PLife : IPO Forecast - 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct







Shipping Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

PacShipTr US$

Q1 : Mar-09

0.98

US$0.23

17.043%

$0.38

Shipping Trust

FSL Trust

Q1 : Mar-09

2.45

S$0.60

23.850%

$0.73

Shipping Trust

Rickmers

Q1 : Mar-09

2.14

S$0.505

24.751%

$0.84

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4602:US$1 fm Yahoo Finance)
  • Rickmers : 46% Payout
  • PST : 90% Payout
  • FSL : Annualised DPU 9.8ct (73% Payout)
  • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast - Q209 US2.45ct (75% Payout)








Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q4 : Mar-09

1.75

$0.635

11.024%

$0.28*

Infrastructure - Water, Gas

AscendasIndT

2H : Mar-09

4.07

$0.68

11.971%

$0.89

India - Industrial Park

HWT

Q1 : Mar-09

1.15

$0.535

8.598%

$0.841

China - Water Plant

Indiabulls

FY09 : Mar-09

--

$0.26

--

$0.7377

India - Office

NOTES :

  • Indiabulls : No DPU Declared
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
  • CitySpring : DPU Forecast - FY10 (Mar) = 7ct
  • HWT : DPU - Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
  • HWT : DPU Forecast - 1H09 = 2.56ct ; 2H09 = 2.86ct
  • Indiabulls : Listing on 11-Jun-08 2PM
  • Indiabulls : IPO Forecast - 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)

Thursday, July 09, 2009

Gearing - Jul 2009

New Data (Major Shareholders) for the Month


  • 9 Jul 09 : CDLHTrust - BOA from 4.97% to 5.05% (1-Jul-09)
  • 7 Jul 09 : Cambridge - CWT from 5.65% to 4.90% (6-Jul-09)
  • 6 Jul 09 : CDLHTrust - Aberdeen 6.4109% (2-Jul-09)
  • 3 Jul 09 : CCT - Stichting from from 6.5% to 4.25% (2-Jul-09)

    REIT

    Assets

    Debts

    Gearing

    Shares

    Major Shareholders

    A-REIT

    S$4548M

    S$1590M

    35.5%

    1,683,473,034

    Ascendas 22.71% ; Capital Grp 5.82% ; FMR 5.54%

    AscottREIT

    S$1734M

    S$648M

    38.7%

    613,597,000

    Temasek 48.0%

    Cambridge

    S$979M

    S$390M

    39.9%

    796,405,934

    Yap Chin Kon - 6.341% ; Capital Grp 5.9153% ; Schroder 5.99% ; Hunter Hall Inv 5.20%

    CapitaRChina

    S$1334M

    S$420M

    33.1%

    621,549,606

    Capitaland 40.04% (CMT 20%) ; Capital Grp 9.8582% ; Stichting 7.75%

    CCT

    S$6865M

    S$2633M

    38.3%

    1,400,410,007

    Temasek 31.97% ; Cohen 5.036%

    CDL HTrust

    S$1506M

    S$297M

    19.7%

    833,653,145

    Hong Leong 40.06% ; Aberdeen 6.4109% ; BOA 5.05%

    CMT

    S$7494M

    S$3154M

    43.1%

    3,174,041,467

    Temasek 29.65% ; NTUC 5.98% ; Capital Grp 5.5533%

    First REIT

    S$339M

    S$50.8M

    15.6%

    274,694,790

    Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

    Fortune

    HK$8830M

    HK$2349M

    26.6%

    823,118,206

    Cheung Kong 32.35% ; Stitching 14.9% ; Temasek 6.93% ; Schroder 6.002%

    FrasersCT

    S$1147M

    S$340M

    29.7%

    624,552,061

    F&N 51% ; Stitching 6.04% ; AIA 6.0126%

    FrasersComm

    S$1621M

    S$946M

    58.3%

    750,663,293

    F&N 22.21% ; Farallon 6.22%

    K-REIT

    S$2073M

    S$578M

    27.6%

    657,543,286

    Temasek 75.16%

    LMIR

    S$1008M

    S$125M

    12.3%

    1,071,229,413

    Lippo 27.1% ; MapleTree 12.0% ; Penta Investments 15.01% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03%

    MacCookIReit

    S$544M

    S$224M

    41.2%

    266,385,094

    MacCook 15.85% ; UBS 5.76% ; Lion 6.98% ; USS 8.95%

    MapleTree

    S$3115M

    S$1211M

    38.3%

    1,939,315,301

    Temasek 47.45% ; Capital Grp 7.14% ; BOA 7.05% ; Alliance Global Prop 5.01%

    PLife

    S$1074M

    S$248M

    23.0%

    603,130,000

    Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03%

    Saizen

    JPY49,075M

    JPY22,733M

    36.5%

    451,986,693

    V-Nee Yeh (ASM, HCL) 20.201% ; Cube Capital 5.537%

    Starhill Gbl

    S$2155M

    S$670M

    31.1%

    963,776,706

    YTL 26.03% ; Morgan Stanley 5.748% ; AIA 11.11%

    Suntec

    S$5419M

    S$1877M

    34.4%

    1,726,123,158

    Asean Inv 5.6801% ; Perennial 5.61% ; Shaw 5.81% ; Cheng YT 5.81%


    Notes :
    • This table will be updated only as and when new data are available
    • The Major Shareholders data may not be uptodate. Pls chk SGX Annc to verify
    • CMT - Gearing = 29.2% post-rights (9-for-10) Assuming Proceeds fm Rights Issue Are Used to Pay Down Debts When they are Due

    Tuesday, June 30, 2009

    Performance - Jun 2009

    STI +32.45% : 2333.14 (Jun-09) vs 1761.56 (2008)



    Rank - Capital Gains

    REIT

    Jun-09

    Dec-08

    Gain

    Fortune

    HK$3.74

    HK$1.99

    87.9%

    CapitaRChina

    S$1.07

    S$0.60

    78.3%

    MapleTree

    S$0.555

    S$0.35

    58.6%

    First REIT

    S$0.63

    S$0.405

    55.6%

    K-REIT

    S$0.975

    S$0.54

    39.3%

    FrasersCT

    S$0.865

    S$0.63

    37.3%

    MI-REIT

    S$0.33

    S$0.255

    29.4%

    Cambridge

    S$0.35

    S$0.275

    27.3%

    StarHill Gbl

    S$0.635

    S$0.52

    22.1%

    PLife

    S$0.925

    S$0.76

    21.7%

    Suntec

    S$0.86

    S$0.71

    21.1%

    AscottREIT

    S$0.68

    S$0.58

    17.2%

    A-REIT

    S$1.59

    S$1.37

    16.1%

    LMIR

    S$0.355

    S$0.31

    14.5%

    CDL HTrust

    S$0.83

    S$0.73

    13.7%

    FrasersComm

    S$0.24

    S$0.235

    2.1%

    Saizen

    S$0.13

    S$0.13

    0.0%

    CCT

    S$0.82

    S$0.855

    -8.4%

    CMT

    S$1.40

    S$1.59

    -11.9%

    NOTES :

    • Not Adjusted for Rights or New Issues Which May Be at a Discount
    • Jun-09 : End Jun-09 Mkt Price
    • Dec-08 : End Dec-08 Mkt Price
    • Gain : Capital Gains = (Jun-09 Mkt Price - Dec-08 Mkt Price) / (Dec-08 Mkt Price)

    Month End Prices - 2009

    REIT

    Jan

    Feb

    Mar

    Apr

    May

    Jun

    Jul

    Aug

    Sep

    Oct

    Nov

    Dec

    A-REIT

    S$1.46

    S$1.26

    S$1.22

    S$1.34

    S$1.52

    S$1.59

    -

    -

    -

    -

    -

    -

    AscottREIT

    S$0.56

    S$0.36

    S$0.41

    S$0.50

    S$0.665

    S$0.68

    -

    -

    -

    -

    -

    -

    Cambridge

    S$0.285

    S$0.23

    S$0.25

    S$0.295

    S$0.365

    S$0.35

    -

    -

    -

    -

    -

    -

    CapitaRChina

    S$0.725

    S$0.67

    S$0.735

    S$0.80

    S$1.18

    S$1.07

    -

    -

    -

    -

    -

    -

    CCT

    S$0.955

    S$0.755

    S$0.88

    S$0.855

    S$1.13

    S$0.82

    -

    -

    -

    -

    -

    -

    CDL HTrust

    S$0.65

    S$0.51

    S$0.52

    S$0.58

    S$0.79

    S$0.83

    -

    -

    -

    -

    -

    -

    CMT

    S$1.60

    S$1.43

    S$1.32

    S$1.25

    S$1.33

    S$1.40

    -

    -

    -

    -

    -

    -

    First REIT

    S$0.45

    S$0.445

    S$0.50

    S$0.565

    S$0.605

    S$0.63

    -

    -

    -

    -

    -

    -

    Fortune

    HK$2.25

    HK$2.27

    HK$2.67

    HK$3.10

    HK$3.63

    HK$3.74

    -

    -

    -

    -

    -

    -

    FrasersComm

    S$0.23

    S$0.16

    S$0.14

    S$0.17

    S$0.24

    S$0.24

    -

    -

    -

    -

    -

    -

    FrasersCT

    S$0.69

    S$0.61

    S$0.63

    S$0.74

    S$0.91

    S$0.865

    -

    -

    -

    -

    -

    -

    K-REIT

    S$0.625

    S$0.54

    S$0.595

    S$0.67

    S$0.93

    S$0.975

    -

    -

    -

    -

    -

    -

    LMIR

    S$0.285

    S$0.185

    S$0.22

    S$0.29

    S$0.33

    S$0.355

    -

    -

    -

    -

    -

    -

    MacCookIReit

    S$0.255

    S$0.215

    S$0.23

    S$0.285

    S$0.38

    S$0.33

    -

    -

    -

    -

    -

    -

    MapleTree

    S$0.385

    S$0.39

    S$0.375

    S$0.43

    S$0.605

    S$0.555

    -

    -

    -

    -

    -

    -

    PLife

    S$0.79

    S$0.77

    S$0.76

    S$0.76

    S$0.94

    S$0.925

    -

    -

    -

    -

    -

    -

    Saizen

    S$0.105

    S$0.10

    S$0.115

    S$0.18

    S$0.14

    S$0.13

    -

    -

    -

    -

    -

    -

    StarHill Gbl

    S$0.515

    S$0.465

    S$0.455

    S$0.48

    S$0.705

    S$0.635

    -

    -

    -

    -

    -

    -

    Suntec

    S$0.66

    S$0.575

    S$0.63

    S$0.735

    S$0.95

    S$0.86

    -

    -

    -

    -

    -

    -

    June 2009

    Average Yield = 13.154% / 11.619% (Excl. Saizen)

    REIT

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    Saizen

    FY08 - IPO

    5.30

    S$0.13

    40.769%

    S$0.85

    Residential (Japan)

    MI-REIT

    Q4 : Mar-09

    1.875

    S$0.33

    22.727%

    S$1.09

    Industrial

    CCT

    Q1 : Mar-09

    3.24

    S$0.82

    16.024%

    S$2.91

    Office

    LMIR

    Q1 : Mar-09

    1.36

    S$0.355

    15.324%

    S$0.7273

    Malls - Indonesia

    Cambridge

    Q1 : Mar-09

    1.291

    S$0.35

    14.960%

    S$0.73

    Industrial

    Suntec

    Q2 : Mar-09

    2.918

    S$0.86

    13.760%

    S$1.972

    Malls + Office

    FrasersComm

    Q1 : Mar-09

    0.72

    S$0.24

    12.167%

    S$0.79

    Malls + Office (S'pore and Aust)

    First REIT

    Q1 : Mar-09

    1.88

    S$0.63

    12.095%

    S$0.9297

    Hospitals + Hotel (Indonesia)

    Starhill Gbl

    Q1 : Mar-09

    1.87

    S$0.635

    11.937%

    S$1.41

    Malls + Office

    Fortune

    Q1 : Mar-09

    10.06

    HK$3.74

    10.759%

    HK$7.47

    Malls (HK)

    MapleTree

    Q1 : Mar-09

    1.47

    S$0.555

    10.595%

    S$0.88

    Industrial

    AscottREIT

    Q1 : Mar-09

    1.77

    S$0.68

    10.559%

    S$1.51

    Serviced Apts (Regional)

    K-REIT

    Q1 : Mar-09

    2.38

    S$0.975

    9.897%

    S$2.20

    Office

    CDL HTrust

    Q1 : Mar-09

    1.97

    S$0.83

    9.627%

    S$1.39

    Hotels

    FrasersCT

    Q2 : Mar-09

    1.86

    S$0.865

    8.601%

    S$1.23

    Malls

    PLife

    Q1 : Mar-09

    1.89

    S$0.925

    8.173%

    S$1.32

    Hospitals

    A-REIT

    Q4 : Mar-09

    3.23

    S$1.59

    8.126%

    S$1.58

    Industrial

    CapitaRChina

    Q1 : Mar-09

    2.14

    S$1.07

    8.112%

    S$1.22

    Malls (China)

    CMT

    Q1 : Mar-09

    1.97

    S$1.40

    5.707%

    S$1.65

    Malls + Office

    NOTES :

    • Mkt Price is as on 30-Jun-09
    • FCOT : Proposed 3-for-1 Rights @ $0.095
    • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 24-Jul-09)
    • CCT : 1-for-1 Rights @ $0.59 (xr 3-Jun-09)
    • Saizen : 11-for-10 Rights @ $0.09 with Attached Warrants (xr 4-May-09)
    • CMT : 9-for-10 Rights @ $0.82 (xr 4-Mar-09)
    • Saizen : No Payout since 1H09 (Dec-08) ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
    • PLife : Annualised DPU = 7.56ct
    • Fortune : DPU Not Paid Out as Semi-Annual Div Payout Policy
    • CDLHTrust : Annualised DPU = 7.99ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • FrasersComm : Annualised DPU = 2.92ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • CCT : Annualised DPU = 13.14ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • Suntec : Annualised DPU = 11.834ct
    • StarHill Gbl : Annualised DPU = 7.58ct
    • Cambridge : Annualised DPU = 5.236ct
    • LMIR : Annualised DPU = 5.44ct
    • FrasersCT : 95% Payout
    • FirstREIT - Annualised DPU 7.62ct
    • ART - Annualised DPU = 7.18ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • KREIT : Annualised DPU = 9.65ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • CRCT : Annualised DPU = 8.68ct ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • AREIT : DPU = 2.5ct (21-Jan-09 to 31-Mar-09) + 0.73ct (1-Jan-09 to 20-Jan-09) Already Paid ; Performance Fees in Cash (Not in New Units) Else DPU = 3.8ct ; Preferential Offer 1-for-15 @ $1.16 + Private Placement (258M New Units) Right for DPU from 21-Jan-09 - Listed on 13-Feb-09
    • CMT : Annualised DPU = 7.99ct ; NAV and DPU are Post-Rights Issue (9-for-10 @ $0.82) Right for Q1 DPU - Listed on 3-Apr-09
    • CCT : FY09 DPU (Projected) = 12.34ct - SGX Annc 9-Jun-08 (Pg 23)
    • LMIR : IPO Forecast - FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
    • Saizen : IPO Forecast - FY09 (Jun09) : 5.65ct ; FY08 (Jun08) : 4.67ct (Incl. Bonus Div) / Annualised Yield 5.3% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
    • PLife : IPO Forecast - 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct






    Shipping Trusts (non-REITs)

    Trust

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    PacShipTr US$

    Q1 : Mar-09

    0.98

    US$0.235

    16.681%

    $0.38

    Shipping Trust

    FSL Trust

    Q1 : Mar-09

    2.45

    S$0.61

    23.244%

    $0.73

    Shipping Trust

    Rickmers

    Q1 : Mar-09

    2.14

    S$0.525

    23.590%

    $0.84

    Shipping Trust

    NOTES :

    • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4468:US$1 fm Yahoo Finance)
    • Rickmers : 46% Payout
    • PST : 90% Payout
    • FSL : Annualised DPU 9.8ct (73% Payout)
    • FSL : SGX Annc (21-Apr-09) Quarterly DPU Forecast - Q209 US2.45ct (75% Payout)







    Other Trusts (non-REITs)

    Trust

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    CitySpring

    Q4 : Mar-09

    1.75

    $0.655

    10.687%

    $0.28*

    Infrastructure - Water, Gas

    AscendasIndT

    2H : Mar-09

    4.07

    $0.69

    11.797%

    $0.89

    India - Industrial Park

    HWT

    Q1 : Mar-09

    1.15

    $0.53

    8.679%

    $0.841

    China - Water Plant

    Indiabulls

    FY09 : Mar-09

    --

    $0.265

    --

    $0.7377

    India - Office

    NOTES :

    • Indiabulls : No DPU Declared
    • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.58
    • CitySpring : DPU Forecast - FY10 (Mar) = 7ct
    • HWT : DPU - Without Sponsor Waiver ; DPU Not Paid Out as Semi-Annual Div Payout Policy
    • HWT : DPU Forecast - 1H09 = 2.56ct ; 2H09 = 2.86ct
    • Indiabulls : Listing on 11-Jun-08 2PM
    • Indiabulls : IPO Forecast - 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)

    Tuesday, June 23, 2009

    Lim and Tan - 23 Jun 2009

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    Monday, June 22, 2009

    Daiwa - 22 Jun 2009

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    JPM - 22 Jun 2009

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    Link - Summary