Month: January 2009

 

January 2009

Result Announcement:

  • 15 Jan 09 : A-Reit (Tables Updated)
  • 19 Jan 09 : K-REIT (Tables Updated)
  • 20 Jan 09 (AM) : CCT (Tables Updated)
  • 20 Jan 09 : PST (Tables Updated)
  • 21 Jan 09 (AM) : CRCT (Tables Updated)
  • 21 Jan 09 : Fortune (Tables Updated)
  • 21 Jan 09 (Noon) : FSL (Table Updated)
  • 22 Jan 09 (AM) : FCOT (Tables Updated)
  • 22 Jan 09 (AM) : FirstREIT (Tables Updated)
  • 22 Jan 09 (AM) : CMT (Tables Updated)
  • 22 Jan 09 : Mapletree (Tables Updated)
  • 23 Jan 09 (AM) : Suntec (Tables Updated)
  • 23 Jan 09 (AM) : ART (Tables Updated)
  • 23-Jan-09 : FrasersCT (Tables Updated)
  • 29 Jan 09 : PLife (Tables Updated)
  • 29 Jan 09 : a-iTrust (Table Updated)
  • 30 Jan 09 (AM) : StarHill Gbl (Tables Updated)
  • 30 Jan 09 : CDL HTrust (Tables Updated)
  • 31 Jan 09 : Cambridge (Tables Updated)
  • 9 Feb 09 : MI-REIT
  • 13 Feb 09 : CitySpring
  • 13 Feb 09 : Saizen

Average Yield = 17.831% / 14.791% (Excl. Saizen & MI-REIT)

REIT

Period

DPU ct

Price

Yield

NAV

Assets Type

Saizen

FY08 – IPO

5.30

S$0.105

50.476%

S$1.05

 Residential (Japan)

MI-REIT

Q2 : Sep-08

2.35

S$0.255

36.863%

S$1.30

 Industrial

LMIR

Q3 : Sep-08

1.6

S$0.285

22.281%

S$0.9598

 Malls – Indonesia

FrasersComm

2H : Dec-08

2.36

S$0.23

20.522%

S$0.97

 Malls + Office (S’pore and Aust)

Cambridge

Q4 : Dec-08

1.373

S$0.285

19.165%

S$0.74

 Industrial

First REIT

Q4 : Dec-08

1.94

S$0.45

17.244%

S$0.9321

 Hospitals + Hotel (Indonesia)

Suntec

Q1: Dec-08

2.858

S$0.66

17.180%

S$1.984

 Malls + Office

Fortune

2H : Dec-08

18.51

HK$2.25

16.453%

HK$7.58

 Malls (HK)

K-REIT

2H : Dec-08

5.07

S$0.625

16.224%

S$2.19

 Office

AscottREIT

2H : Dec-08

4.28

S$0.56

15.286%

S$1.47

 Serviced Apts (Regional)

MapleTree

Q4 : Dec-08

1.46

S$0.385

15.169%

S$0.87

 Industrial

CDL HTrust

2H : Dec-08

4.73

S$0.65

14.554%

S$1.42

 Hotels

Starhill Gbl

Q4 : Dec-08

1.85

S$0.515

14.291%

S$1.42

 Malls + Office

CCT

2H : Dec-08

5.81

S$0.955

12.105%

S$2.92

 Office

CapitaRChina

2H : Dec-08

4.28

S$0.725

11.807%

S$1.21

 Malls (China)

A-REIT

Q3 : Dec-08

4.05

S$1.46

11.096%

S$1.77

 Industrial

FrasersCT

Q1 : Dec-08

1.67

S$0.69

9.681%

S$1.22

 Malls

PLife

Q4 : Dec-08

1.84

S$0.79

9.316%

S$1.32

 Hospitals

CMT

Q4 : Dec-08

3.65

S$1.60

9.075%

S$2.41

 Malls + Office

NOTES :

  • Mkt Price is as on 30-Jan-09
  • Cambridge : Annualised DPU = 5.462ct
  • CDL HTrust : 90% Payout
  • StarHill Gbl : Annualised DPU = 7.36ct
  • PLife : Annualised DPU = 7.36ct
  • FrasersCT : 90% Payout
  • Suntec : Annualised DPU = 11.339ct
  • CMT : Annualised DPU = 14.52ct
  • FrasersComm : Q$08 DPU 1.26ct (Annualised 5.01ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CRCT : Q408 DPU 2.27ct (Annualised 9.03ct) ; Above Yield Table Uses 2H08 DPU Payout
  • CCT : Annualised DPU = 11.56ct
  • LMIR : Annualised DPU = 6.35ct
  • Saizen : Actual Payout 4.67ct as per IPO Forecast ; Yield is Computed Using IPO Prospectus Figures of 5.3% @ $1 Which Excludes Bonus Div
  • KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
  • 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$

Q4 : Dec-08

0.93

 US$0.15

24.800%

$0.40

 Shipping Trust

FSL Trust

Q4 : Dec-08

3.08

S$0.43

43.240%

$0.75

 Shipping Trust

Rickmers

Q3 : Sep-08

2.25

S$0.37

36.710%

$0.96

 Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.5092:US$1 fm Yahoo Finance)
  • FSL : Annualised DPU 12.32ct
  • FSL : SGX Annc (21-Jan-09) Quarterly DPU Forecast – Q109 US2.45ct (75-80% Payout)

Other Trusts (non-REITs)

Trust

Period

DPU ct

Price

Yield

NAV

Assets Type

CitySpring

Q2 : Sep-08

1.75

$0.52

13.462%

$0.52

 Infrastructure – Water, Gas

AscendasIndT

Q3 : Dec-08

2.02

$0.515

15.689%

$0.94

 India – Industrial Park

HWT

Q3 : Sep-08

1.3

$0.30

17.333%

$0.78

 China – Water Plant

Indiabulls

FY09 – IPO

5.12

$0.20

25.600%

$1.185

 India – Office

NOTES :

  • a-iTrust : DPU Not Paid as Semi-Annual Payout Policy
  • HWT : DPU = 0.91ct if No Sponsor waiver ; DPU Not Paid Out as Semi-Annual Payout Policy
  • 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)
  • HWT : IPO Forecast – 2.09ct (1H08) ; 4.88ct (FY08) / SGX Annc – Pg 12 (Distribution Statement)
  • 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
January 31, 2009 Yield No Comments »

Gearing – January 2009

New Data (Major Shareholders) for the Month

  • 23-Jan-09 : AREIT – FMR from 3.91% to 5.54% (21-Jan-09)
  • 20-Jan-09 : CMT – Capital Group from 5.8260% to 4.8401% (14-Jan-09)
  • 8-Jan-09 : CMT – Capital Group from 6.8822% to 5.8260% (6-Jan-09)
  • 8-Jan-08 : CDLHTrust – Istithmar from 9.375% To 0% (5-Jan-09)
  • 6-Jan-09 : Saizen – JPMorgan from 5.31% to 4.42% (5-Jan-09)
  • 5-Jan-09 : Saizen – JPMorgan from 6.86% to 5.31% (2-Jan-09)

    REIT

    Assets

    Debts

    Gearing

    Shares

    Major Shareholders

    A-REIT

    S$4610M

    S$1915M

    42.2%

    1,331,763,013

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

    AscottREIT

    S$1688M

    S$614M

    38.3%

    610,814,472

    Temasek 47.17%

    Cambridge

    S$978M

    S$369M

    37.8%

    796,405,934

    Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 5.9153% ; Schroder 6.054% ; Hunter Hall Inv 5.20%

    CapitaRChina

    S$1326M

    S$415M

    32.8%

    620,477,985

    Capitaland 40.04% (CMT 20%) ; Capital Grp 12.9051% ; Stichting 7.75%

    CCT

    S$6871M

    S$2587M

    37.6%

    1,397,239,150

    Temasek 31.97% ; Stitching 10.67% ; Cohen 5.036%

    CDL HTrust

    S$1502M

    S$273M

    18.2%

    830,518,509

    Hong Leong 39.60%

    CMT

    S$7509M

    S$3157M

    43.2%

    1,668,568,961

    Temasek 29.65% ; NTUC 6.84%

    First REIT

    S$340M

    S$50.8M

    15.6%

    274,138,566

    Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

    Fortune

    HK$8882M

    HK$2349M

    26.4%

    820,818,975

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

    FrasersCT

    S$1129M

    S$322M

    28.5%

    622,911,992

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

    FrasersComm

    S$1758M

    S$957M

    54.4%

    736,046,964

    F&N 20.66% ; Capital Grp 10.117% ; Farallon 9.86%

    K-REIT

    S$2092M

    S$577M

    27.6%

    652,724,165

    Temasek 75.16%

    LMIR

    S$1322M

    S$125M

    9.5%

    1,065,959,234

    Lippo 27.1% ; MapleTree 12.0% ; Penta Investments 13.07% ; CPI-Capital 8.5% ; ABN AMRO 6.51%

    MacCookIReit

    S$568M

    S$222M

    39.6%

    261,339,834

    MacCook 15.21% ; UBS 5.76% ; Lion 6.98% ; USS 8.95%

    MapleTree

    S$3046M

    S$1159M

    38.5%

    1,939,315,301

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

    PLife

    S$1081M

    S$251M

    23.3%

    602,750,000

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

    Saizen

    JPY57,459M

    JPY24,787M

    36.5%

    450,817,000

    Central Top 7.776% ; JHYP 23.511%

    Starhill Gbl

    S$2163M

    S$671M

    31.0%

    960,680,104

    YTL 26.03% ; Morgan Stanley 12.929% ; AIA 11.11%

    Suntec

    S$5414M

    S$1877M

    34.3%

    1,716,766,520

    Perennial 6.27% ; 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
    January 31, 2009 Gearing No Comments »

    Performance – January 2009

    STI -0.86% : 1746.47 (Jan-09) vs 1761.56 (2008)

    Rank – Capital Gains

    REIT

    Jan-09

    Dec-08

    Gain

    CapitaRChina

    S$0.725

    S$0.60

    20.8%

    Fortune

    HK$2.25

    HK$1.99

    13.1%

    First REIT

    S$0.45

    S$0.405

    11.1%

    MapleTree

    S$0.385

    S$0.35

    10.0%

    FrasersCT

    S$0.69

    S$0.63

    9.5%

    CCT

    S$0.955

    S$0.895

    6.7%

    A-REIT

    S$1.46

    S$1.37

    6.6%

    PLife

    S$0.79

    S$0.76

    3.9%

    Cambridge

    S$0.285

    S$0.275

    3.6%

    CMT

    S$1.60

    S$1.59

    0.6%

    MI-REIT

    S$0.255

    S$0.255

    0.0%

    StarHill Gbl

    S$0.515

    S$0.52

    -1.0%

    FrasersComm

    S$0.23

    S$0.235

    -2.1%

    AscottREIT

    S$0.56

    S$0.58

    -3.4%

    Suntec

    S$0.66

    S$0.71

    -7.0%

    LMIR

    S$0.285

    S$0.31

    -8.1%

    K-REIT

    S$0.625

    S$0.70

    -10.7%

    CDL HTrust

    S$0.65

    S$0.73

    -11.0%

    Saizen

    S$0.105

    S$0.13

    -19.2%

    NOTES :

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

    January 30, 2009 Performance No Comments »

    Happy Lunar New Year !!

    January 25, 2009 Uncategorized No Comments »