Month: December 2007
Performance – 2007
STI +16.63% : 3482.30 (Dec-07) vs 2985.83 (2006)
|
REIT |
Dec-07 |
Dec-06 |
Gain |
Div |
Yield |
Total |
|---|---|---|---|---|---|---|
|
CDL HTrust |
S$2.35 |
S$1.67 |
40.7% |
7.98 |
4.8% |
45.5% |
|
CMT |
S$3.46 |
S$2.91 |
18.9% |
12.87 |
4.4% |
23.3% |
|
CapitaRChina |
S$2.15 |
S$2.10 |
2.4% |
4.92 |
2.3% |
4.7% |
|
First REIT |
S$0.77 |
S$0.76 |
1.3% |
4.97 |
6.5% |
7.8% |
|
FrasersCT |
S$1.46 |
S$1.53 |
-4.6% |
6.55 |
4.3% |
-0.3% |
|
MMP |
S$1.10 |
S$1.17 |
-6.0% |
5.98 |
5.1% |
-0.9% |
|
Suntec |
S$1.71 |
S$1.82 |
-6.0% |
8.15 |
4.5% |
-1.6% |
|
CCT |
S$2.44 |
S$2.62 |
-6.9% |
8.43 |
3.2% |
-3.7% |
|
A-REIT |
S$2.46 |
S$2.67 |
-7.9% |
13.38 |
5.0% |
-2.9% |
|
MapleTree |
S$1.09 |
S$1.19 |
-8.4% |
6.24 |
5.2% |
-3.2% |
|
AscottREIT |
S$1.45 |
S$1.60 |
-9.4% |
7.24 |
4.5% |
-4.9% |
|
Cambridge |
S$0.71 |
S$0.80 |
-11.3% |
6.12 |
7.6% |
-3.6% |
|
Fortune |
HK$5.21 |
HK$5.90 |
-11.7% |
34.07 |
5.8% |
-5.9% |
|
K-REIT |
S$2.13 |
S$2.50 |
-14.8% |
7.9 |
3.2% |
-11.6% |
|
AllCo |
S$0.90 |
S$1.11 |
-19.4% |
6.1 |
5.5% |
-13.9% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Dec-06 : End Dec-06 Mkt Price
- Dec-07 : End Dec-07 Mkt Price
- Gain : Capital Gains = (Dec-07 Mkt Price – Dec-06 Mkt Price) / (Dec-06 Mkt Price)
- Div : Total Dividend Received in 2007 (Includes those Not Paid Out ie. Semi-Annual Distribution)
- Yield : Div Yield Using Dec-06 Mkt Price
- Total : Total Gain = Capital Gain + Dividend Yield
December 2007
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
LMIR |
FY08 – IPO |
5.84 |
S$0.665 |
8.782% |
S$0.91 |
Malls – Indonesia |
|
First REIT |
Q3 : Sep-07 |
1.72 |
S$0.77 |
8.701% |
S$0.865 |
Hospitals + Hotel (Indonesia) |
|
Cambridge |
FY07 – Placement |
5.357 |
S$0.71 |
7.545% |
S$0.67 |
Industrial |
|
AllCo |
Q3 : Sep-07 |
1.59 |
S$0.895 |
7.028% |
S$1.34 |
Malls + Office (S’pore and Aust) |
|
MI-REIT |
Q2 : Sep-07 |
1.86 |
S$1.10 |
6.709% |
S$1.28 |
Industrial |
|
MapleTree |
Q3 : Sep-07 |
1.72 |
S$1.09 |
6.312% |
S$0.84 |
Industrial |
|
Fortune |
Q3 : Sep-07 |
7.86 |
HK$5.21 |
6.035% |
HK$8.41 |
Malls (HK) |
|
Saizen |
FY08 – IPO |
5.30 |
S$0.89 |
5.955% |
S$1.05 |
Residential (Japan) |
|
A-REIT |
Q2 : Sep-07 |
3.51 |
S$2.46 |
5.707% |
S$1.45 |
Industrial |
|
MMP |
Q3 : Sep-07 |
1.54 |
S$1.10 |
5.555% |
S$1.26 |
Malls + Office |
|
AscottREIT |
Q3 : Sep-07 |
1.99 |
S$1.45 |
5.490% |
S$1.39 |
Serviced Apts (Regional) |
|
PLife |
2H07 : IPO |
3.03 |
S$1.13 |
5.371% |
S$1.25 |
Hospitals |
|
Suntec |
Q4: Sep-07 |
2.122 |
S$1.71 |
4.923% |
S$2.18 |
Malls + Office |
|
FrasersCT |
Q4 : Sep-07 |
1.67 |
S$1.46 |
4.575% |
S$1.16 |
Malls |
|
K-REIT |
Q3 : Sep-07 |
2.23 |
S$2.13 |
4.155% |
S$2.56 |
Office |
|
CDL HTrust |
Q3 : Sep-07 |
2.36 |
S$2.35 |
3.983% |
S$1.29 |
Hotels |
|
CMT |
Q3 : Sep-07 |
3.40 |
S$3.46 |
3.899% |
S$2.08 |
Malls + Office |
|
CCT |
Q3 : Sep-07 |
2.14 |
S$2.44 |
3.480% |
S$2.38 |
Office |
|
CapitaRChina |
Q3 : Sep-07 |
1.71 |
S$2.15 |
3.163% |
S$1.02 |
Malls (China) |
NOTES :
- Mkt Price is as on 31-Dec-07
- LMIR : IPO Forecast – FY07 (Dec07) : 2.74ct (Annualised for 1-Jul-07 to 31-Dec-07) ; FY08 : 5.84ct ; FY09 : 6.27ct
- CMT : Annualised DPU = 13.49ct ; Actual Payout 4.88ct for the Period 1-Jul-07 to 6-Nov-07
- 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)
- Fortune : No Div Payout (Semi-Annual Policy)
- CDL HTrust : Annualised DPU = 9.36ct ; No Div Payout (Semi-Annual Policy)
- MMP : Annualised DPU = 6.11ct
- Cambridge : Q307 – DPU 1.7ct ; Annualised DPU = 6.745ct ; Actual DPU Payout 2.01ct (for the period 1-Jul-07 to 17-Oct-07)
- Suntec : Annualised DPU = 8.419ct
- AllCo : Annualised DPU = 6.29ct ; No Div Payout (Semi-Annual Policy)
- MI-REIT : Annualised DPU = 7.38ct
- AscottREIT : No Div Payout (Semi-Annual Policy)
- CapitaRChina : Annualised DPU = 6.80ct
- CCT : Annualised DPU = 8.49ct ; No Div Payout (Semi-Annual Policy)
- First REIT : Annualised DPU = 6.70ct
- Cambridge : Equity Fund Raising Circular – DPU : FY07 5.357ct (Annualised) ; FY08 5.542ct ; Private Placement 276,973,000 New Units @ $0.70
- K-REIT : Annualised DPU = 8.85ct ; No Div Payout (Semi-Annual Policy)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q3 : Sep-07 |
1.09 |
$0.42 |
10.381% |
$0.44 |
Shipping Trust |
|
FSL Trust |
Q3 : Sep-07 |
2.23 |
S$1.19 |
10.775% |
$0.94 |
Shipping Trust |
|
Rickmers |
Q3 : Sep-07 |
2.14 |
S$1.15 |
10.700% |
$1.01 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.4375:US$1 fm Yahoo Finance)
- Rickmers : Annualised DPU 8.56ct
- FSL : Annualised DPU 8.92ct
- FSL : SGX Annc (9-Nov-07) Quarterly DPU Forecast (Pg 16) – 2.418ct (Q407) ; 2.608ct (FY08) ; 2.608ct (1H09)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
CitySpring |
Q2 : Sep-07 |
1.60 |
$0.93 |
6.882% |
$0.80 |
Infrastructure – Water, Gas |
|
AscendasIndT |
1H : Sep-07 |
2.95 |
$1.28 |
4.609% |
$1.16 |
India – Industrial Park |
|
HWT |
FY08 : IPO |
4.46 |
$0.805 |
5.540% |
$0.73 |
China – Water Plant |
NOTES :
- HWT : Listing on 3-Dec-07 2PM
- HWT : IPO Forecast – 4.46ct (FY08) – Sponsor (25% s/h) undertaken to waive entitlement to distributions, else DPU 3.34ct (Yield 4.282% @ $0.78) ; 5.06ct (FY09) – Yield 6.744% @ $0.78
Month End Prices – 2007
|
REIT |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
A-REIT |
S$2.48 |
S$2.42 |
S$2.39 |
S$2.60 |
S$2.81 |
S$2.94 |
S$2.71 |
S$2.35 |
S$2.73 |
S$2.59 |
S$2.33 |
S$2.46 |
|
AllCo |
S$1.11 |
S$1.29 |
S$1.29 |
S$1.22 |
S$1.27 |
S$1.22 |
S$1.11 |
S$1.02 |
S$1.06 |
S$1.02 |
S$0.865 |
S$0.895 |
|
AscottREIT |
S$1.67 |
S$1.93 |
S$2.01 |
S$1.95 |
S$1.95 |
S$2.02 |
S$1.95 |
S$1.69 |
S$1.90 |
S$1.67 |
S$1.44 |
S$1.45 |
|
Cambridge |
S$0.845 |
S$0.82 |
S$0.82 |
S$0.86 |
S$0.97 |
S$0.945 |
S$0.915 |
S$0.83 |
S$0.83 |
S$0.73 |
S$0.685 |
S$0.71 |
|
CapitaRChina |
S$2.69 |
S$2.82 |
S$3.12 |
S$2.83 |
S$2.86 |
S$3.16 |
S$2.78 |
S$2.52 |
S$2.80 |
S$2.78 |
S$2.18 |
S$2.15 |
|
CCT |
S$2.92 |
S$2.95 |
S$2.78 |
S$2.82 |
S$2.94 |
S$2.93 |
S$2.66 |
S$2.52 |
S$2.84 |
S$2.69 |
S$2.25 |
S$2.44 |
|
CDL HTrust |
S$1.75 |
S$1.85 |
S$1.99 |
S$1.83 |
S$2.14 |
S$2.46 |
S$2.25 |
S$2.22 |
S$2.30 |
S$2.47 |
S$2.16 |
S$2.35 |
|
CMT |
S$3.24 |
S$3.50 |
S$3.76 |
S$3.98 |
S$4.06 |
S$4.22 |
S$3.76 |
S$3.40 |
S$3.90 |
S$3.66 |
S$3.22 |
S$3.46 |
|
First REIT |
S$0.77 |
S$0.75 |
S$0.745 |
S$0.775 |
S$0.77 |
S$0.805 |
S$0.805 |
S$0.76 |
S$0.78 |
S$0.795 |
S$0.76 |
S$0.77 |
|
Fortune |
HK$5.90 |
HK$5.95 |
HK$5.85 |
HK$5.90 |
HK$6.05 |
HK$6.60 |
HK$6.25 |
HK$5.85 |
HK$5.85 |
HK$5.85 |
HK$5.40 |
HK$5.21 |
|
FrasersCT |
S$1.70 |
S$1.84 |
S$1.79 |
S$1.71 |
S$1.80 |
S$1.72 |
S$1.54 |
S$1.49 |
S$1.56 |
S$1.45 |
S$1.30 |
S$1.46 |
|
K-REIT |
S$2.74 |
S$3.24 |
S$3.20 |
S$3.00 |
S$2.86 |
S$2.86 |
S$2.94 |
S$2.42 |
S$2.69 |
S$2.74 |
S$2.47 |
S$2.13 |
|
LMIR |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
S$0.74 |
S$0.665 |
|
MacCookIReit |
— |
— |
— |
S$1.14 |
S$1.23 |
S$1.33 |
S$1.28 |
S$1.20 |
S$1.22 |
S$1.17 |
S$1.13 |
S$1.10 |
|
MapleTree |
S$1.24 |
S$1.33 |
S$1.29 |
S$1.34 |
S$1.45 |
S$1.42 |
S$1.34 |
S$1.16 |
S$1.25 |
S$1.20 |
S$1.06 |
S$1.09 |
|
MMP |
S$1.17 |
S$1.14 |
S$1.20 |
S$1.23 |
S$1.24 |
S$1.24 |
S$1.25 |
S$1.22 |
S$1.22 |
S$1.20 |
S$1.04 |
S$1.10 |
|
PLife |
— |
— |
— |
— |
— |
— |
— |
S$1.21 |
S$1.27 |
S$1.24 |
S$1.13 |
S$1.13 |
|
Saizen |
— |
— |
— |
— |
— |
— |
— |
— |
— |
— |
S$0.925 |
S$0.89 |
|
Suntec |
S$1.84 |
S$1.89 |
S$1.98 |
S$2.04 |
S$2.00 |
S$1.94 |
S$1.90 |
S$1.77 |
S$1.95 |
S$1.81 |
S$1.55 |
S$1.71 |
Gearing – December 2007
New data for the month,
- 28-Dec-07 : KREIT – Temasek from 72.05% to 73.04% (19-Dec-07)
- 27-Dec-07 : MMP – Morgan Stanley from 11.023% to 10.899% (21-Dec-07)
- 26-Dec-07 : AllCo – Capital Grp from 11.9448% to 10.8693% (18-Dec-07)
- 26-Dec-07 : LMIR – Lippo from 18.0% to 27.1% (21-Dec-07)
- 21-Dec-07 : CRCT – Capital Group from 9.8365% to 10.1021% (19-Dec-07)
- 17-Dec-07 : Saizen – Morgan Stanley from 6.67% to 0.61% (13-Dec-07)
- 6-Dec-07 : Cambridge – Schroder from 5.962% To 6.043% (29-Nov-07)
- 6-Dec-07 : Suntec – UBS from 8.81% to 9.13% (5-Dec-07)
- 5-Dec-07 : Suntec – UBS from 7.78% to 8.56% (3-Dec-07)
- 5-Dec-07 : MapleTree – UBS from 7.37 % to 6.92% (30-Nov-07)
- 4-Dec-07 : Suntec – UBS from 6.88% to 7.78% (30-Nov-07)
- 4-Dec-07 : MI-REIT – UBS from 20.16% to 19.94% (30-Nov-07)
- 3-Dec-07 : AllCo – Capital Group from 12.7003% to 11.9448% (27-Nov-07)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$3356M |
S$1239M |
38.4% |
1,324,806,148 |
Ascendas 20.8% ; MGM 6.5% ; Capital Grp 5.82% |
|
AllCo |
S$1527M |
S$509M |
33.3% |
700,731,701 |
AllCo 16.054% ; Capital Grp 10.8693% ; Farallon 9.86% ; Enso 5.997% |
|
AscottREIT |
S$1378M |
S$385M |
28.6% |
605,661,000 |
Temasek 47.17% |
|
Cambridge |
S$680M |
S$330M |
48.4% |
515,305,653 |
Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 7.06% ; Schroder 6.043% |
|
CapitaRChina |
S$828M |
S$250M |
31.0% |
476,147,309 |
Capitaland 40.04% (CMT 20%) ; PGGM 10% ; Capital Grp 10.1021% |
|
CCT |
S$4672M |
S$1270M |
26.7% |
1,384,094,924 |
Temasek 31.97% ; Stitching 10.67% ; Cohen 5.036% |
|
CDL HTrust |
S$1409M |
S$323M |
23.0% |
823,357,696 |
Hong Leong 39.49% ; Istithmar Hotels 9.7% |
|
CMT |
S$5817M |
S$1883M |
40.7% |
1,565,102,331 |
Temasek 29.65% ; NTUC 6.84% |
|
First REIT |
S$328.6M |
S$50.8M |
16.5% |
271,844,387 |
Lippo 20.3% ; RZB 9.2% |
|
Fortune |
HK$9493M |
HK$2338M |
24.7% |
810,853,651 |
Cheung Kong 34.44% ; Stitching 14.9% ; Temasek 6.93% ; Capital Grp 6.8% ; Cohen 7.047% |
|
FrasersCT |
S$1054M |
S$307.5M |
29.2% |
617,808,520 |
F&N 51% ; Stitching 6.04% ; AIA 5.04% |
|
K-REIT |
S$831M |
S$190M |
22.9% |
242,698,853 |
Temasek 73.04% |
|
LMIR |
S$1105M |
S$0M |
0% |
1,060,414,000 |
Lippo 27.1% ; MapleTree 12.0% ; CPI-Capital 8.5% ; Penta Investments 7.072% |
|
MacCookIReit |
S$362M |
S$26M |
7.8% |
260,610,510 |
UBS 19.94% ; Lion 8.00% ; USS 8.45% ; Indus 5.76% ; MacCook 5% |
|
MapleTree |
S$2243M |
S$1217M |
54.6% |
1,108,180,172 |
Temasek 31.96% ; Capital Grp 7.14% ; UBS 6.92% |
|
MMP |
S$1944M |
S$665M |
34.2% |
951,279,052 |
MacQuarie 26.3% ; Morgan Stanley 10.899% ; AIA 10.998% |
|
PLife |
S$787M |
S$34M |
4.3% |
601,418,000 |
Newbridge 44.9% (Parkway + TPG Capital) ; Sunil 6.03% ; Matthews Int’l Capital 5.09% |
|
Saizen |
S$627M |
S$206M |
30.0% |
450,817,000 |
Central Top 11.71% ; JHYP 35.42% ; JHYP II 8.64% ; JPMorgan 8.00% ; Capital Grp 5.2462% |
|
Suntec |
S$4600M |
S$923M |
20.0% |
1,638,792,308 |
UBS 9.13% ; Morgan Stanley 7.861% ; Shaw 5.81% ; Cheng YT 5.81% ; Temasek 5.98% ; Perennial 5.24% |
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