Month: July 2008

 

Performance – July 2008

STI -15.99% : 2925.50 (Jul-08) vs 3482.30 (2007)

Rank – Capital Gains

REIT

Jul-08

Dec-07

Gain

PLife

S$1.19

S$1.13

5.3%

MP REIT

S$1.07

S$1.10

-2.7%

A-REIT

S$2.30

S$2.46

-6.5%

First REIT

S$0.715

S$0.77

-7.1%

Cambridge

S$0.655

S$0.71

-7.7%

Suntec

S$1.55

S$1.71

-9.4%

AllCo

S$0.81

S$0.895

-9.5%

LMIR

S$0.60

S$0.665

-9.8%

CMT

S$3.00

S$3.46

-13.3%

FrasersCT

S$1.24

S$1.46

-15.1%

Fortune

HK$4.32

HK$5.21

-17.1%

MI-REIT

S$0.88

S$1.10

-20.0%

CCT

S$1.92

S$2.44

-21.3%

Saizen

S$0.70

S$0.89

-21.3%

AscottREIT

S$1.06

S$1.45

-26.9%

MapleTree

S$0.73

S$1.09

-33.0%

K-REIT

S$1.41

S$2.13

-33.8%

CDL HTrust

S$1.43

S$2.35

-39.1%

CapitaRChina

S$1.15

S$2.15

-46.5%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Jul-08 : End Jul-08 Mkt Price
  • Dec-07 : End Dec-07 Mkt Price
  • Gain : Capital Gains = (Jul-08 Mkt Price – Dec-07 Mkt Price) / (Dec-07 Mkt Price)

July 31, 2008 Performance No Comments »

Gearing – July 2008

New Data (Major Shareholders) for the Month

  • 31-Jul-08 : Mapletree – UBS from 6.35% to 4.36% (30-Jul-08)
  • 28-Jul-08 : CRCT – Capital Group from 14.9594% to 13.9622% (24-Jul-08)
  • 24-Jul-08 : MP REIT – Morgan Stanley from 12.22% to 13.193% (22-Jul-08)
  • 23-Jul-08 : MapleTree – UBS from 5.63% to 6.53% (22-Jul-08)
  • 18-Jul-08 : MI-REIT – UBS from 10.34% to 9.51% (16-Jul-08)
  • 10-Jul-08 : Suntec – Perennial from 6.09% to 5.08% (18-Jun-08)
  • 9-Jul-08 : FrasersCT – AIA from 5.8483% to 6.0126% (4-Jul-08)
  • 4-Jul-08 : MI-REIT – UBS from 10.1% to 9.64% (2-Jul-08)
  • 3-Jul-08 : CRCT – Capital Group from 15.0247% to 14.9594% (30-Jun-08)

    REIT

    Assets

    Debts

    Gearing

    Shares

    Major Shareholders

    A-REIT

    S$4545M

    S$1800M

    40.5%

    1,329,618,440

    Ascendas 26.77% ; Capital Grp 5.82%

    AllCo

    S$1998M

    S$888M

    44.4%

    714,641,958

    AllCo 17.28% ; Capital Grp 10.117% ; Farallon 9.86%

    AscottREIT

    S$1694M

    S$555M

    34.5%

    607,530,000

    Temasek 47.17%

    Cambridge

    S$1000M

    S$369M

    36.9%

    796,405,934

    Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 7.06% ; Schroder 6.043%

    CapitaRChina

    S$1156M

    S$317M

    30.0%

    618,025,910

    Capitaland 40.04% (CMT 20%) ; Capital Grp 13.9622% ; Stichting 7.75%

    CCT

    S$6310M

    S$2487M

    35.7%

    1,386,296,578

    Temasek 31.97% ; Stitching 10.67% ; Cohen 5.036%

    CDL HTrust

    S$1657M

    S$280M

    20.3%

    826,190,058

    Hong Leong 39.60% ; Istithmar Hotels 9.7%

    CMT

    S$6722M

    S$2231M

    37.7%

    1,664,985,381

    Temasek 29.65% ; NTUC 6.84% ; Capital Group 6.0486%

    First REIT

    S$342M

    S$50.8M

    15.6%

    273,080,266

    Lippo 20.3% ; RZB 9.2%

    Fortune

    HK$10042M

    HK$2341M

    23.4%

    815,301,841

    Cheung Kong 32.35% ; Stitching 14.9% ; Temasek 6.93% ; Capital Grp 6.8% ; Cohen 5.857% ; Schroder 5.014%

    FrasersCT

    S$1075M

    S$317.5M

    29.5%

    620,204,194

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

    K-REIT

    S$2075M

    S$581M

    27.7%

    649,452,305

    Temasek 75.16%

    LMIR

    S$1334M

    S$125M

    10.2%

    1,063,993,187

    Lippo 27.1% ; MapleTree 12.0% ; CPI-Capital 8.5% ; Penta Investments 8.0% ; ABN AMRO 6.51%

    MacCookIReit

    S$569M

    S$222M

    40.0%

    260,962,730

    MacCook 13.16% ; UBS 9.51% ; Lion 8.54% ; USS 8.45% ; Indus 5.76%

    MapleTree

    S$2611M

    S$1461M

    56.3%

    1,108,180,172

    Temasek 31.96% ; Capital Grp 7.14% ; BOA 5.34%

    MP REIT

    S$2281M

    S$658M

    28.9%

    955,186,069

    MacQuarie 26.3% ; Morgan Stanley 13.193% ; AIA 11.11%

    PLife

    S$917M

    S$94M

    10.25%

    602,086 ,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$5778M

    S$1814M

    31.4%

    1,704,342,473

    Perennial 5.08% ; Temasek 5.98% ; 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
    July 31, 2008 Gearing No Comments »

    July 2008

    Results Announcement

    • 17 Jul 08 (AM) – CMT (Tables Updated)
    • 18 Jul 08 – A-Reit (Tables Updated)
    • 20 Jul 08 – MapleTree (Tables Updated)
    • 22 Jul 08 (AM) – FirstREIT (Tables Updated)
    • 22 Jul 08 (Noon) – FSL (Table Updated)
    • 22 Jul 08 – PST (Table Updated)
    • 23 Jul 08 (AM) – ART (Tables Updated)
    • 23 Jul 08 (AM) – CCT (Tables Updated)
    • 23 Jul 08 – a-iTrust (Table Updated)
    • 23 Jul 08 – FrasersCT (Tables Updated)
    • 25 Jul 08 – PLife (Tables Updated)
    • 28 Jul 08 – KREIT (Tables Updated)
    • 29 Jul 08 (AM) – LMIR (Tables Updated)
    • 29 Jul 08 (AM) – Cambridge (Tables Updated)
    • 29 Jul 08 – Fortune (Tables Updated)
    • 29 Jul 08 – AllCo (Tables Updated)
    • 30 Jul 08 (AM) – CapitaRChina (Tables Updated)
    • 30 Jul 08 – CDLHTrust (Tables Updated)
    • 30 Jul 08 – MP Reit (Tables Updated)
    • 30-Jul-08 – Suntec (Tables Updated)
    • 5 Aug 08 – Rickmers
    • 12 Aug 08 – MI-REIT
    • 13 Aug 08 – CitySpring

    Average Yield = 7.742%

    REIT

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    MapleTree

    Q2 : Jun-08

    2.04

    S$0.73

    *11.178%

    S$0.92

    		 Industrial

    First REIT

    Q2 : Jun-08

    1.91

    S$0.715

    10.657%

    S$0.923

    		 Hospitals + Hotel (Indonesia)

    MI-REIT

    Q4 : Mar-08

    2.22

    S$0.88

    10.148%

    S$1.29

    		 Industrial

    LMIR

    Q2 : Jun-08

    1.5

    S$0.60

    10.033%

    S$0.972

    		 Malls – Indonesia

    Cambridge

    Q2 : Jun-08

    1.561

    S$0.655

    9.595%

    S$0.79

    		 Industrial

    Fortune

    1H : Jun-08

    18.51

    HK$4.32

    8.569%

    HK$9.02

    		 Malls (HK)

    AllCo

    1H : Jun-08

    3.99

    S$0.81

    8.531%

    S$1.39

    		 Malls + Office (S’pore and Aust)

    AscottREIT

    1H : Jun-08

    4.52

    S$1.06

    8.528%

    S$1.57

    		 Serviced Apts (Regional)

    CDL HTrust

    1H : Jun-08

    5.89

    S$1.43

    8.280%

    S$1.61

    		 Hotels

    Saizen

    FY08 – IPO

    5.30

    S$0.70

    7.571%

    S$1.05

    		 Residential (Japan)

    Suntec

    Q3: Jun-08

    2.793

    S$1.55

    7.247%

    S$2.24

    		 Malls + Office

    A-REIT

    Q1 : Jun-08

    3.89

    S$2.30

    6.765%

    S$1.85

    		 Industrial

    MP REIT

    Q2 : Jun-08

    1.78

    S$1.07

    6.692%

    S$1.60

    		 Malls + Office

    FrasersCT

    Q3 : Jun-08

    1.88

    S$1.24

    6.065%

    S$1.17

    		 Malls

    CapitaRChina

    1H : Jun-08

    2.72*

    S$1.15

    5.904%

    S$1.07

    		 Malls (China)

    K-REIT

    1H : Jun-08

    3.94

    S$1.41

    5.603%

    S$2.22

    		 Office

    PLife

    Q2 : Jun-08

    1.66

    S$1.19

    5.588%

    S$1.34

    		 Hospitals

    CCT

    1H : Jun-08

    5.19

    S$1.92

    5.438%

    S$3.12

    		 Office

    CMT

    Q2 : Jun-08

    3.52

    S$3.00

    4.720%

    S$2.39

    		 Malls + Office

    NOTES :

    • Mkt Price is as on 31-Jul-08
    • Suntec : Annualised DPU = 11.233ct
    • MP REIT : Annualised DPU = 7.16ct
    • CDL HTrust : Annualised DPU = 11.84ct
    • CRCT : * For the Period 5-Feb-08 to 30-Jun-08 ; Annualised DPU 6.79ct ; Actual DPU for 1H08 = 3.25ct (Annualised 6.54ct)
    • AllCo : Annualised DPU = 6.91ct
    • Cambridge : Annualised DPU = 6.278ct
    • LMIR : Annualised DPU = 6.02ct
    • KREIT : Annualised DPU = 7.9ct ; Actual Payout = 1.39ct (8-May-08 to 30-Jun-08)
    • PLife : Annualised DPU = 6.65ct
    • CCT : Annualised DPU = 10.44ct
    • MapleTree : Not Adjusted for 3-for-4 Rights @ $0.73 xri 23-Jul-08 ; Rights Circular (27-Jun-08) – Refer to Pg 25-27 and Appendix C on Proforma Impact of Rights Issue on DPU and Yield
    • First REIT : Annualised DPU = 7.62ct
    • A-REIT : Annualised DPU = 15.56ct
    • CMT : Annualised DPU = 14.16ct
    • MI-REIT : Annualised DPU = 8.93ct
    • 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$

    Q2 : Jun-08

    1.09

    $0.39

    11.179%

    $0.44

    		 Shipping Trust

    FSL Trust

    Q2 : Jun-08

    2.80

    S$1.21

    12.653%

    $0.88

    		 Shipping Trust

    Rickmers

    Q1 : Mar-08

    2.14

    S$1.14

    10.264%

    $0.96

    		 Shipping Trust

    NOTES :

    • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3670:US$1 fm Yahoo Finance)
    • FSL : Annualised DPU 11.2ct
    • FSL : SGX Annc (12-May-08) Quarterly DPU Forecast – Q208 US2.77ct ; Q308 US3.05ct
    • Rickmers : Annualised DPU 8.56ct
    • Rickmers : SGX Annc (5-May-08) Quarterly DPU Forecast (Pg 7) – US 2.25ct (Q308)

    Other Trusts (non-REITs)

    Trust

    Period

    DPU ct

    Price

    Yield

    NAV

    Assets Type

    CitySpring

    Q4 : Mar-08

    1.60

    $0.77

    8.312%

    $0.81

    		 Infrastructure – Water, Gas

    AscendasIndT

    Q1 : Jun-08

    1.65

    $0.795

    8.302%

    $1.01

    		 India – Industrial Park

    HWT

    Q1 : Mar-08

    0.87

    $0.645

    5.395%

    $0.74

    		 China – Water Plant

    Indiabulls

    FY09 – IPO

    5.12

    $0.70

    7.314%

    –

    		 India – Office

    NOTES :

    • ai-Trust : Div Not Paid Out as Semi-Annual 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 : Div Not Paid Out as Semi-Annual Policy
    • 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
    July 31, 2008 Yield No Comments »

    OCBC – 10 Jul 08

    Click on the table below for a bigger view,

    Link – Report Summary

    July 10, 2008 Analysts No Comments »

    ML – 9 Jul 08

    Click on the tables to get a bigger view,

    Link – Report Summary

    July 9, 2008 Analysts No Comments »