Author: kktan
Month End Prices – 2011
|
REIT |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
|
A-REIT |
S$2.090 |
S$2.000 |
S$2.040 |
S$2.030 |
S$2.060 |
S$2.040 |
S$2.040 |
S$2.120 |
S$2.030 |
|
AIMSAMPIReit |
S$0.210 |
S$0.205 |
S$0.205 |
S$0.205 |
S$0.215 |
S$0.220 |
S$0.225 |
S$0.205 |
S$0.995 |
|
AscottREIT |
S$1.190 |
S$1.170 |
S$1.200 |
S$1.190 |
S$1.170 |
S$1.180 |
S$1.185 |
S$1.115 |
S$1.010 |
|
Cambridge |
S$0.520 |
S$0.510 |
S$0.490 |
S$0.500 |
S$0.500 |
S$0.495 |
S$0.505 |
S$0.480 |
S$0.460 |
|
CapitaRChina |
S$1.260 |
S$1.290 |
S$1.250 |
S$1.260 |
S$1.260 |
S$1.220 |
S$1.240 |
S$1.220 |
S$1.165 |
|
CCT |
S$1.430 |
S$1.380 |
S$1.390 |
S$1.440 |
S$1.470 |
S$1.450 |
S$1.410 |
S$1.195 |
S$1.010 |
|
CDL HTrust |
S$2.100 |
S$1.940 |
S$2.010 |
S$2.020 |
S$2.080 |
S$2.060 |
S$2.080 |
S$1.815 |
S$1.510 |
|
CLT |
S$0.990 |
S$0.940 |
S$0.940 |
S$0.955 |
S$0.930 |
S$0.970 |
S$0.990 |
S$0.965 |
S$0.960 |
|
CMT |
S$1.900 |
S$1.810 |
S$1.880 |
S$1.890 |
S$2.000 |
S$1.870 |
S$1.885 |
S$1.870 |
S$1.830 |
|
First REIT |
S$0.755 |
S$0.730 |
S$0.740 |
S$0.735 |
S$0.790 |
S$0.790 |
S$0.820 |
S$0.785 |
S$0.760 |
|
Fortune |
HK$4.090 |
HK$3.940 |
HK$3.840 |
HK$3.870 |
HK$3.750 |
HK$3.820 |
HK$4.120 |
HK$3.780 |
HK$3.390 |
|
FrasersComm |
S$0.170 |
S$0.815 |
S$0.795 |
S$0.800 |
S$0.820 |
S$0.810 |
S$0.870 |
S$0.840 |
S$0.800 |
|
FrasersCT |
S$1.510 |
S$1.510 |
S$1.520 |
S$1.480 |
S$1.490 |
S$1.530 |
S$1.540 |
S$1.430 |
S$1.440 |
|
K-REIT |
S$1.390 |
S$1.280 |
S$1.290 |
S$1.310 |
S$1.290 |
S$1.330 |
S$1.320 |
S$1.155 |
S$1.005 |
|
LMIR |
S$0.555 |
S$0.530 |
S$0.540 |
S$0.560 |
S$0.565 |
S$0.605 |
S$0.645 |
S$0.585 |
S$0.540 |
|
MCT |
– |
– |
– |
SS$0.88 |
S$0.880 |
S$0.865 |
S$0.900 |
S$0.840 |
S$0.815 |
|
MIT |
S$1.070 |
S$1.030 |
S$1.050 |
S$1.080 |
S$1.170 |
S$1.170 |
S$1.225 |
S$1.180 |
S$1.085 |
|
MLT |
S$0.935 |
S$0.900 |
S$0.905 |
S$0.905 |
S$0.915 |
S$0.920 |
S$0.920 |
S$0.890 |
S$0.850 |
|
PLife |
S$1.790 |
S$1.740 |
S$1.710 |
S$1.730 |
S$1.830 |
S$1.840 |
S$1.860 |
S$1.885 |
S$1.830 |
|
Sabana |
S$0.975 |
S$0.960 |
S$0.930 |
S$0.945 |
S$0.940 |
S$0.940 |
S$0.955 |
S$0.900 |
S$0.860 |
|
Saizen |
S$0.170 |
S$0.160 |
S$0.140 |
S$0.150 |
S$0.150 |
S$0.155 |
S$0.161 |
S$0.150 |
S$0.149 |
|
StarHill Gbl |
S$0.640 |
S$0.635 |
S$0.620 |
S$0.635 |
S$0.635 |
S$0.650 |
S$0.650 |
S$0.620 |
S$0.580 |
|
Suntec |
S$1.550 |
S$1.480 |
S$1.540 |
S$1.520 |
S$1.510 |
S$1.500 |
S$1.535 |
S$1.350 |
S$1.150 |
Gearing – September 2011
New Data (Major Shareholders) for the Month
- 28 Sep 11 : CCT – Capital Grp from 6.9168% to 5.9569% (26-Sep-11)
- 23 Sep 11 : CCT – Cohen & Steers from 5.02% to 4.95% (20-Sep-11)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|
A-REIT |
S$5472M |
S$1561M |
28.7% |
2,082,410,675 |
Ascendas 20.66% |
|
AIMSAMPIReit |
S$863M |
S$263M |
30.4% |
2,207,064,000 |
AMP 16.07% ; Dragon Pacific 11.98% ; APG 9.307% ; George Wang 7.65% ; Stitching 7.31% ; UBS 5.76% ; Lion 6.98% ; USS 8.24% |
|
AscottREIT |
S$2825M |
S$1096M |
40.1% |
1,125,220,000 |
Temasek 48.01% |
|
Cambridge |
S$1097M |
S$358M |
32.7% |
1,189,198,368 |
MacKenzie 6.19% ; Capital Grp 5.9153% |
|
CapitaRChina |
S$1382M |
S$418M |
29.7% |
687,171,025 |
Capitaland 40.04% (CMT 20%) ; Capital Grp 8.4997% ; AIA 6.3986% ; PGGM 5.946% |
|
CCT |
S$6191M |
S$1667M |
26.9% |
2,827,800,248 |
Temasek 31.97% ; Capital Group 5.9569% ; CBRE 5.73% |
|
CDL HTrust |
S$2034M |
S$535M |
26.3% |
961,782,408 |
Hong Leong 35.19% ; BOA 5.05% ; Daiwa 5.45% |
|
CLT |
S$812M |
S$231M |
29.1% |
636,843,288 |
C&P 14.1% ; JF Asset Mgmt 6.5% ; Capital Grp 6.0609% ; JPM 6.02% |
|
CMT |
S$8768M |
S$3358M |
38.2% |
3,185,640,156 |
Temasek 29.65% ; NTUC 5.98% ; Capital Grp 7.9798% |
|
First REIT |
S$628M |
S$81M |
13.8% |
626,398,818 |
Lippo 20.3% ; CIM 5.9% |
|
Fortune |
HK$15688M |
HK$2910M |
18.1% |
1,677,297,276 |
Cheung Kong 32.35% ; Schroder 9.899% ; Temasek 6.02% |
|
FrasersCT |
S$1532M |
S$485M |
31.7% |
771,816,584 |
F&N 51% ; AIA 6.0126% ; Capital Group 7.4585% |
|
FrasersComm |
S$2011M |
S$745M |
37.1% |
630,940,022 |
F&N 24.4% |
|
K-REIT |
S$3258M |
S$1116M |
39.2% |
1,359,462,616 |
Temasek 45.46% ; AIA 7.38% |
|
LMIR |
S$1229M |
S$125M |
10.2% |
1,086,516,497 |
Lippo 29.5% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MCT |
S$2922M |
S$1125M |
38.6% |
1,861,000,000 |
Temasek 75.16% |
|
MIT |
S$2314M |
S$834M |
36.0% |
1,462,554,000 |
Temasek 31.63% ; Capital Grp 6.23% ; APG 5.10% |
|
MLT |
S$3709M |
S$1452M |
39.4% |
2,426,317,966 |
Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 6.32% ; Mellon Corp 5.02% |
|
PLife |
S$1345M |
S$462M |
34.3% |
604,970,000 |
Newbridge 44.9% (Parkway + TPG Capital) ; Newton (Bank of New York) 10.25% ; Sunil 6.03% |
|
Sabana |
S$886M |
S$221M |
25.1% |
635,069,362 |
Kua Family 8.1124% ; Moore 6.38% ; Al Salam Bank 5.14% |
|
Saizen |
JPY36,514M |
JPY8,937M |
24.0% |
1,182,249,611 |
V-Nee Yeh (ASM, HCL) 18.14% |
|
Starhill Gbl |
S$2778M |
S$831M |
30.2% |
1,943,023,078 |
YTL 28.90% ; AIA 9.96% |
|
Suntec |
S$6611M |
S$2564M |
38.5% |
2,218,527,077 |
Asean Inv 5.4439% ; 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 up-to-date. Pls chk SGX Annc to verify
Gearing – August 11
New Data (Major Shareholders) for the Month
- 31 Aug 11 : CDL H-Trust – Daiwa (from Cohen) from 0% to 5.45% (26-Aug-11)
- 29 Aug 11 : A-REIT – Capital Group from 5.9973% to 4.9813% (26-Aug-11)
- 15 Aug 11 : CCT – Capital Group from 7.9563% to 6.9168% (12-Aug-11)
- 4 Aug 11 : A-REIT – Capital Group from 6.5998% to 5.9973% (2-Aug-11)
- 3 Aug 11 : Sabana – Al Salam Bank Bahrain from 4.84% to 5.14% (2-Aug-11)
- 3 Aug 11 : CCT – Capital Group from 8.2233% to 7.9563% (1-Aug-11)
- 1 Aug 11 : A-REIT – Capital Group from 7.7543% to 6.5998% (29-Jul-11)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|
A-REIT |
S$5472M |
S$1561M |
28.7% |
2,082,410,675 |
Ascendas 20.66% |
|
AIMSAMPIReit |
S$863M |
S$263M |
30.4% |
2,207,064,000 |
AMP 16.07% ; Dragon Pacific 11.98% ; APG 9.307% ; George Wang 7.65% ; Stitching 7.31% ; UBS 5.76% ; Lion 6.98% ; USS 8.24% |
|
AscottREIT |
S$2825M |
S$1096M |
40.1% |
1,125,220,000 |
Temasek 48.01% |
|
Cambridge |
S$1097M |
S$358M |
32.7% |
1,189,198,368 |
MacKenzie 6.19% ; Capital Grp 5.9153% |
|
CapitaRChina |
S$1382M |
S$418M |
29.7% |
687,171,025 |
Capitaland 40.04% (CMT 20%) ; Capital Grp 8.4997% ; AIA 6.3986% ; PGGM 5.946% |
|
CCT |
S$6191M |
S$1667M |
26.9% |
2,827,800,248 |
Temasek 31.97% ; Cohen 8.03% ; Capital Group 6.9168% ; CBRE 5.73% |
|
CDL HTrust |
S$2034M |
S$535M |
26.3% |
961,782,408 |
Hong Leong 35.19% ; BOA 5.05% ; Daiwa 5.45% |
|
CLT |
S$812M |
S$231M |
29.1% |
636,843,288 |
C&P 14.1% ; JF Asset Mgmt 6.5% ; Capital Grp 6.0609% ; JPM 6.02% |
|
CMT |
S$8768M |
S$3358M |
38.2% |
3,185,640,156 |
Temasek 29.65% ; NTUC 5.98% ; Capital Grp 7.9798% |
|
First REIT |
S$628M |
S$81M |
13.8% |
626,398,818 |
Lippo 20.3% ; CIM 5.9% |
|
Fortune |
HK$15688M |
HK$2910M |
18.1% |
1,677,297,276 |
Cheung Kong 32.35% ; Schroder 9.899% ; Temasek 6.02% |
|
FrasersCT |
S$1532M |
S$485M |
31.7% |
771,816,584 |
F&N 51% ; AIA 6.0126% ; Capital Group 7.4585% |
|
FrasersComm |
S$2011M |
S$745M |
37.1% |
630,940,022 |
F&N 24.4% |
|
K-REIT |
S$3258M |
S$1116M |
39.2% |
1,359,462,616 |
Temasek 45.46% ; AIA 7.38% |
|
LMIR |
S$1229M |
S$125M |
10.2% |
1,086,516,497 |
Lippo 29.5% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03% |
|
MCT |
S$2922M |
S$1125M |
38.6% |
1,861,000,000 |
Temasek 75.16% |
|
MIT |
S$2314M |
S$834M |
36.0% |
1,462,554,000 |
Temasek 31.63% ; Capital Grp 6.23% ; APG 5.10% |
|
MLT |
S$3709M |
S$1452M |
39.4% |
2,426,317,966 |
Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 6.32% ; Mellon Corp 5.02% |
|
PLife |
S$1345M |
S$462M |
34.3% |
604,970,000 |
Newbridge 44.9% (Parkway + TPG Capital) ; Newton (Bank of New York) 10.25% ; Sunil 6.03% |
|
Sabana |
S$886M |
S$221M |
25.1% |
635,069,362 |
Kua Family 8.1124% ; Moore 6.38% ; Al Salam Bank 5.14% |
|
Saizen |
JPY36,514M |
JPY8,937M |
24.0% |
1,182,249,611 |
V-Nee Yeh (ASM, HCL) 18.14% |
|
Starhill Gbl |
S$2778M |
S$831M |
30.2% |
1,943,023,078 |
YTL 28.90% ; AIA 9.96% |
|
Suntec |
S$6611M |
S$2564M |
38.5% |
2,218,527,077 |
Asean Inv 5.4439% ; 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 up-to-date. Pls chk SGX Annc to verify
Performance – August 2011
STI -9.55% : 2885.26 (Aug-11) vs 3190.04 (2010)
Rank – Capital Gains
|
REIT |
Aug-11 |
Dec-10 |
Gain |
|
PLife REIT |
$1.885 |
$1.650 |
14.2% |
|
First REIT |
$0.785 |
$0.705 |
11.3% |
|
LippoMapleT |
$0.585 |
$0.530 |
10.4% |
|
MIT |
$1.180 |
$1.090 |
8.3% |
|
Ascendasreit |
$2.120 |
$2.070 |
2.4% |
|
FCOT |
$0.840 |
$0.825 |
1.8% |
|
CLT |
$0.965 |
$0.965 |
0.0% |
|
StarHill |
$0.620 |
$0.625 |
-0.8% |
|
CapitaRChina |
$1.220 |
$1.240 |
-1.6% |
|
CapitaMall |
$1.870 |
$1.950 |
-4.1% |
|
MCT |
$0.840 |
$0.880 |
-4.5% |
|
FrasersCT |
$1.430 |
$1.500 |
-4.7% |
|
Fortune Reit HK$ |
$3.780 |
$4.000 |
-5.5% |
|
AIMSAMPIReit |
$0.205 |
$0.220 |
-6.8% |
|
Sabana REIT |
$0.900 |
$0.975 |
-7.7% |
|
MapletreeLog |
$0.890 |
$0.965 |
-7.8% |
|
AscottREIT |
$1.115 |
$1.220 |
-8.6% |
|
SaizenREIT |
$0.150 |
$0.165 |
-9.1% |
|
Cambridge |
$0.480 |
$0.530 |
-9.4% |
|
SuntecReit |
$1.350 |
$1.500 |
-10.0% |
|
CDL Htrust |
$1.815 |
$2.080 |
-12.7% |
|
K-REIT |
$1.155 |
$1.410 |
-18.1% |
|
CapitaComm |
$1.195 |
$1.500 |
-20.3% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- MCT : Listed on 27-Apr-11 @ $0.88
- FCOT : 5-to-1 Share Consolidation
- Aug-11 : End Aug-11 Mkt Price
- Dec-10 : End Dec-10 Mkt Price
- Gain : Capital Gains = (Aug-11 Mkt Price – Dec-10 Mkt Price) / (Dec-10 Mkt Price)
August 2011
Results Announcement
- 1 Aug 11 : CitySpring (Table Updated)
- 3 Aug 11 : HPH Trust (Table Updated)
- 4 Aug 11 (AM) : PLife (Tables Updated)
- 4 Aug 11 : LMIR (Tables Updated)
- 23 Aug 11 : Saizen (Tables Updated)
REITs : Average Yield = 7.100%
|
REIT |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Gearing |
Assets Type |
|
AIMSAMPIReit |
Q1 – Jun11 |
0.53 |
$0.205 |
10.341% |
$0.268 |
30.40% |
Industrial |
|
Sabana REIT |
Q2 – Jun11 |
2.18 |
$0.900 |
9.711% |
$0.980 |
25.10% |
Industrial |
|
CACHE |
Q2 – Jun11 |
2.086 |
$0.965 |
8.670% |
$0.880 |
29.10% |
Industrial |
|
Cambridge |
Q2 – Jun11 |
1.036 |
$0.480 |
8.656% |
$0.620 |
32.70% |
Industrial |
|
First REIT |
Q2 – Jun11 |
1.58 |
$0.785 |
8.115% |
$0.781 |
13.80% |
Hospitals + Hotel (Indonesia) |
|
AscottREIT |
1H – Jun11 |
4.466 |
$1.115 |
8.011% |
$1.330 |
40.10% |
Serviced Apts (Regional) |
|
SuntecReit |
Q2 – Jun11 |
2.532 |
$1.350 |
7.523% |
$1.759 |
38.50% |
Retail + Office |
|
LippoMapleT |
Q2 – Jun11 |
1.09 |
$0.585 |
7.453% |
$0.846 |
10.20% |
Retail (Indonesia) |
|
MapletreeLog |
Q2 – Jun11 |
1.6 |
$0.890 |
7.191% |
$0.830 |
39.40% |
Industrial |
|
CapitaRChina |
1H – Jun11 |
4.3 |
$1.220 |
7.107% |
$1.140 |
29.70% |
Retail (China) |
|
Fortune Reit HK$ |
1H – Jun11 |
12.8 |
$3.780 |
6.772% |
$7.520 |
18.10% |
Retail (HK) |
|
Starhill Gbl |
Q2 – Jun11 |
1.04 |
$0.620 |
6.726% |
$0.930 |
30.20% |
Retail + Office |
|
MapletreeInd |
Q1 – Jun11 |
1.98 |
$1.180 |
6.712% |
$0.950 |
36.00% |
Industrial |
|
SaizenREIT |
2H – Jun11 |
0.5 |
$0.150 |
6.667% |
$0.320 |
24.00% |
Residential (Japan) |
|
Frasers Comm |
Q3 – Jun11 |
1.38 |
$0.840 |
6.595% |
$1.330 |
37.10% |
Retail + Office |
|
K-REIT |
1H – Jun11 |
3.72 |
$1.155 |
6.494% |
$1.470 |
39.20% |
Office |
|
MapletreeCom |
Q1 – Jun11 |
0.9564 |
$0.840 |
6.393% |
$0.915 |
38.60% |
Retail + Office |
|
CapitaComm |
1H – Jun11 |
3.77 |
$1.195 |
6.310% |
$1.520 |
26.90% |
Office |
|
Ascendasreit |
Q1 – Jun11 |
3.2 |
$2.120 |
6.038% |
$1.738 |
28.70% |
Industrial |
|
CDL Htrust |
1H – Jun11 |
5.34 |
$1.815 |
5.934% |
$1.530 |
26.30% |
Hotels |
|
FrasersCT |
Q3 – Jun11 |
1.95 |
$1.430 |
5.790% |
$1.280 |
31.70% |
Retail |
|
CapitaMall |
Q2 – Jun11 |
2.36 |
$1.870 |
5.064% |
$1.550 |
38.20% |
Retail + Office |
|
PLife REIT |
Q2 – Jun11 |
2.37 |
$1.885 |
5.029% |
$1.390 |
34.30% |
Hospitals |
NOTES :
- Mkt Price is as on 31-Aug-11
- PLife : Annualised DPU = 9.48ct
- FCOT : Annualised DPU = 5.54ct ; No DPU Payout as Semi-Annual Payout Policy
- Sabana : Annualised DPU = 8.74ct
- CLT : Annualised DPU = 8.367ct
- MCT : Annualised DPU = 5.37ct ; Actual DPU for the Period 27-Apr-11 to 30-Jun-11
- CDL H-Trust : Annualised DPU = 10.77ct
- AIMSAMPReit : 96.8% Payout
- StarHill Global : Annualised DPU = 4.17ct
- FirstREIT : Annualised DPU = 6.37ct
- Suntec : Annualised DPU = 10.156ct
- Cambridge : Annualised DPU = 4.155ct
- CMT : Annualised DPU = 9.47ct
- A-REIT : Actual DPU Payout = 2.81ct (11-Apr-11 to 30-Jun-11) ; DPU = 0.39ct (1-Apr-11 to 10-Apr-11) Paid on 9-May-11
- K-REIT : Annualised DPU = 7.5ct
- CRCT : Actual DPU Payout = 4.28ct (1-Jan-11 to 29-Jun-11)
- MCT : IPO Forecast DPU = 4.97ct (FY12) ; 5.42ct (FY13) ; Listing on 27-Apr-11 2pm
- FCT : Retained $318k Distributable Income for Q211 (Mar)
- FCOT : 5-to-1 Stocks Consolidation on 8-Feb-11 ; Circular (30-Dec-10) : Proforma FY10 (Sep) – DPU 5.55ct ; NAV $1.38 ; Issued Shares 620,857,225
- FirstREIT : Proposed Rights 5-for-4 @ $0.50 ; SGX Annc (10-Nov-10) ; FY11 Forecast – DPU 6.4ct ; NAV $0.76 ; Gearing 17.25% ; TERP $0.70 (Mkt $0.95)
- Sabana : Forecast DPU FY11 = 8.63ct ; FY12 = 8.67ct ; Listed on 26 Nov 10 2pm @ $1.05
- MIT (IPO) : IPO Forecast – 3.1ct (FY11 – Mar) ; 7.46ct (FY12 – Mar) ; Listing : 21-Oct-10 2pm ; IPO Prospectus
- AIMSAMPReit : Proposed Rights 7-for-20 @ $0.155 ; SGX Annc (24-Aug-10) ; Proforma Q111 (Mar-10) Impact – DPU 0.52ct ; NAV $0.26 ; Gearing 34.8% ; TERP $0.211
- StarHill Gbl : Proposed Acquisitions (Cash RM300M + MTN RM330M + CPU RM405M) ; SGX Annc (16-Apr-10) ; Proforma (FY09) Impact – DPU 4.36ct (4.34ct if CPUs converted) / NAV $0.91 ($0.81 if CPUs converted) / Gearing 29%
- CLT (IPO) : IPO Forecast – 7.65ct (FY10) ; 7.78ct (FY11) ; IPO Close : 8-Apr-10 12pm ; Listing : 12-Apr-10 2pm ; IPO Prospectus
- FCT : Private Placement 137Mil New Units @ $1.33 ; SGX Annc (27-Jan-10) ; Listing on 4-Feb-10 2pm
- FCT : Proposed Acquisitions + New Shares Issue ; Circular (7-Jan-10)
Shipping Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
PacShipTr US$ |
Q2 – Jun11 |
0.809 |
$0.345 |
9.380% |
$0.42 |
Shipping Trust |
|
FSL Trust |
Q2 – Jun11 |
0.95 |
$0.285 |
16.033% |
$0.53 |
Shipping Trust |
|
Rickmers |
Q2 – Jun11 |
0.6 |
$0.350 |
8.246% |
$0.87 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.2025:US$1 fm Yahoo Finance)
- FSL : 43% Payout
- PST : 70% Payout
- Rickmers : 10% Payout (of Cash flow available for distribution before payment to debt capital providers)
Other Trusts (non-REITs)
|
Trust |
Period |
DPU cts |
Mkt |
Yield |
NAV |
Assets Type |
|
CitySpring |
FY11 – Rights (Proforma) |
3.28 |
$0.395 |
8.304% |
$0.328 |
Infrastructure – Water + Gas + Power |
|
K-Green |
FY11 – IPO |
7.82 |
$0.950 |
8.232% |
$1.09 |
Energy (Incineration) + Water (NEWater) |
|
AscendasIndT |
Q1 – Jun11 |
1.5 |
$0.900 |
6.667% |
$0.76 |
India – Industrial Park |
|
Indiabulls |
Q4 – Mar11 |
— |
$0.175 |
— |
$0.52 |
India – Office |
|
HPH Trust US$ |
FY11 – IPO |
5.9 |
$0.690 |
8.551% |
HK$7.80 |
Ports – HK + China |
|
TCT |
1H – Jun11 |
5 |
$1.840 |
5.435% |
$4.17 |
China – Retail + Office + Industrial |
|
PerennialCRT |
FY11 – IPO |
2.37 |
$0.515 |
7.204% |
$0.67 |
China Retail |
NOTES :
- HPH Trust : DPU Payout = HK14.3ct (16-Mar-11 to 30-Jun-11) ; Above Table Uses IPO Forecast to Compute Yield
- a-iTrust : No DPU Payout as Semi-Annual Payout Policy
- K-Green : Actual DPU Payout = 3.13ct ; Above Table Uses FY11 IPO Forecast DPU to Calculate Yield
- CitySpring : Proposed 11-for-20 Rights Issue @ $0.39. TERP = $0.4835 @ $0.535 (Mkt Price) ; Annualised Yield (Profroma 2FY11) = 6.8% @ TERP (Before Rights = 8.4% @ $0.535)
- PCRT : IPO DPU Forecast – FY11 = 2.37ct ; FY12 = 3.86ct ; Semi-Annual Dividend Payout with 1st Payout for Dec-11 ; Listing on 9-Jun-11 2pm
- CitySpring : Guidance for FY12 DPU = 4.2ct
- Indiabulls : No DPU Declared
- HPH Trust : IPO DPU Forecast – FY11 = US5.9ct (HK45.88ct) ; FY12 = US6.59ct (HK51.24ct)
- K-Green : DPU – FY10 (6mths) = 3.91ct ; FY11 = 7.82ct ; Circular (31-May-10) ; Listing – 29-Jun-10 9am
- IndiaBulls : Proposed 53-for-100 Rights @ $0.16 (xr 2-Oct-09) ; Circular (10-Sep-09) ; TERP $0.258 (Mkt $0.31) ; NAV $0.54
- CitySpring : Proposed 1-for-1 Rights @ $0.48 (xr 25-Aug-09) ; Circular (21-Aug-09) ; DPU = 1ct (Proforma Q109) ; Yield 6.349% ; TERP $0.63 (Mkt $0.78) ; NAV $0.28
- Indiabulls : IPO Forecast – 5.12ct (FY09) 1,325.4Mil Units (2,371.7Mil Units Issued) Entitled to Div ; 9.82ct (FY10)