Author: kktan

 

July 2010

Results Announcement

  • 15 Jul 10 : Cambridge (Tables Updated)
  • 16 Jul 10 : A-REIT (Tables Updated)
  • 19 Jul 10 : K-REIT (Tables Updated)
  • 21 Jul 10 (AM) : CCT (Tables Updated)
  • 21 Jul 10 : PST (Table Updated)
  • 22 Jul 10 (AM) : CMT (Tables Updated)
  • 22 Jul 10 : Suntec (Tables Updated)
  • 23 Jul 10 (AM) : CRCT (Tables Updated)
  • 23 Jul 10 (AM) : ART (Tables Updated)
  • 23 Jul 10 : a-iTrust (Table Updated)
  • 23 Jul 10 : FCT (Tables Updated)
  • 25 Jul 10 : MLT (Tables Updated)
  • 26 Jul 10 (Noon) : FSL (Table Updated)
  • 26 Jul 10 : FirstREIT (Tables Updated)
  • 26 Jul 10 : StarHill Gbl (Tables Updated)
  • 28 Jul 10 (AM) : CDL H-Trust (Tables Updated)
  • 28 Jul 10 : Fortune (Tables Updated)
  • 28 Jul 10 : FCOT (Tables Updated)
  • 29 Jul 10 : CLT (Tables Updated)
  • 29 Jul 10 : AIMSAMPReit (Tables Updated)
  • 29 Jul 10 : LMIR (Tables Updated)
  • 6 Aug 10 : PLife
  • 12 Aug 10 : CitySpring

 

REITs : Average Yield = 6.813% (Excl. Saizen)

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Cambridge

Q2 – Jun10

1.238

$0.510

9.737%

$0.60

42.30%

Industrial

AIMSAMPIReit

Q1 – Jun10

0.5376

$0.230

9.350%

$0.31

28.80%

Industrial

First REIT

Q2 – Jun10

1.92

$0.885

8.701%

$0.98

16.00%

Hospitals + Hotel (Indonesia)

LippoMapleT

Q2 – Jun10

1.04

$0.485

8.577%

$0.83

10.30%

Malls (Indonesia)

CACHE

Q2 – Jun10

1.71

$1.000

7.810%

$0.87

25.50%

Industrial

SuntecReit

Q2 – Jun10

2.528

$1.430

7.091%

$1.74

33.60%

Malls + Office

CapitaRChina

1H – Jun10

4.21

$1.220

6.959%

$1.09

33.00%

Malls (China)

MapletreeLog

Q2 – Jun10

1.5

$0.880

6.818%

$0.87

38.60%

Industrial

Fortune Reit HK$

1H – Jun10

12.27

$3.650

6.723%

$5.70

21.90%

Malls (HK)

FraserComm

Q3 – Jun10

0.25

$0.150

6.667%

$0.26

40.40%

Malls + Office (S’pore and Aust)

Ascendasreit

Q1 – Jun10

3.37

$2.120

6.358%

$1.55

34.10%

Industrial

Starhill Gbl

Q2 – Jun10

0.91

$0.575

6.348%

$0.89

30.80%

Malls + Office

FrasersCT

Q3 – Jun10

2.07

$1.370

6.044%

$1.24

31.20%

Malls

AscottREIT

1H – Jun10

3.53

$1.180

5.983%

$1.38

40.70%

Serviced Apts (Regional)

CapitaComm

1H – Jun10

3.9

$1.320

5.955%

$1.36

32.80%

Office

PLife REIT

Q1 – Mar10

2.07

$1.490

5.557%

$1.37

28.20%

Hospitals

K-REIT

1H – Jun10

2.97

$1.190

5.034%

$1.45

15.20%

Office

CDL Htrust

1H – Jun10

4.89

$2.000

4.930%

$1.43

29.70%

Hotels

CapitaMall

Q2 – Jun10

2.29

$1.910

4.812%

$1.50

34.80%

Malls + Office

SaizenREIT

Q3 – Mar10

0

$0.160

0.000%

$0.39

36.90%

Residential (Japan)

NOTES :

  • Mkt Price is as on 30-Jul-10
  • AIMSAMPIReit : Annualised = 2.1504ct
  • CLT : Annualised DPU = 7.81ct (12-Apr-10 to 30-Jun-10) ; No DPU Payout (Will Pay with Sep-10 Results)
  • FrasersComm : Annualised DPU = 1.0ct ; No Payout as Semi-Annual Payout Policy
  • CDLHTrust : Annualised = 9.86ct ; Gearing = 18.6% Post-Rights
  • StarHill Gbl : Annualised DPU = 3.65ct
  • FirstREIT : Annualised DPU 7.70ct
  • FCT : $1.6M ($1.1M from Q1) Retained for Future Distribution
  • CRCT : Annualised DPU = 8.49ct
  • Suntec : Annualised DPU = 10.14ct
  • CMT : Annualised DPU = 9.19ct ; Retained Income (for Future Distribution) = $4.5M ($9.5M During Q1)
  • CCT : Annualised DPU = 7.86ct
  • KREIT : Annualised DPU = 5.99ct
  • A-REIT : DPU Includes 0.26ct which is Non-Recurring in Nature
  • Cambridge : Annualised DPU = 4.966ct
  • PLife : Annualised DPU = 8.28ct
  • 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)
  • Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
  • MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
  • AIMSAMPIReit : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
  • KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
  • Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
  • Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
  • Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
  • AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
  • FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-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% ; New Shares Listing – 19 Aug 09
  • 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 : 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)

 
 

 
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

PacShipTr US$

Q2 – Jun10

0.793

$0.290

10.938%

$0.40

Shipping Trust

FSL Trust

Q2 – Jun10

0.95

$0.410

12.615%

$0.58

Shipping Trust

Rickmers

Q1 – Mar10

0.57

$0.365

8.502%

$0.94

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3611:US$1 fm Yahoo Finance)
  • FSL : 33%
  • PST : 70% Payout
  • Rickmers : 13% Payout

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q4 – Mar10

1.05

$0.615

6.829%

$0.43

Infrastructure – Water, Gas

HyfluxWaterT

Q1 – Mar10

1.16

$0.685

6.774%

$0.73

China – Water Plant

K-Green

FY11

7.82

$1.150

6.800%

$1.12

Energy (Incineration) + Water (NEWater)

AscendasIndT

Q1 – Jun10

1.66

$0.950

6.989%

$0.85

India – Industrial Park

Indiabulls

Q4 – Mar10

—

$0.225

—

$0.54

India – Office

NOTES :

  • a-iTrust : No DPU Payout as Semi-Annual Payout Policy
  • K-Green : DPU – FY10 (6mths) = 3.91ct ; FY11 = 7.82ct ; Circular (31-May-10) ; Listing – 29-Jun-10 9am
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.49 ; Guidance for FY11 DPU = 4.2ct
  • HWT : No Payout as Semi-Annual Payout Policy
  • Indiabulls : No DPU Declared
  • HWT : 2H09 DPU = 2.86ct (With Sponsor Waiver) ; Sponsor DPU = 2.03ct
  • 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)
July 30, 2010 Yield No Comments »

Gearing – July 2010

New Data (Major Shareholders) for the Month

  • 29 Jul 10 : CRCT – PGGM From 6.995 % To 5.946 % (28-Jul-10)
  • 27 Jul 10 : CRCT – PGGM From 7.642 % To 6.995 % (22-Jul-10)
  • 8 Jul 10 : CDL H-Trust – CS From 5.0811 % To 4.9973 % (6-Jul-10)
  • 5 Jul 10 : CDL H-Trust – CS From 6.0736 % To 5.0811 % (1 Jul 10)
  • 1 Jul 10 : A-REIT – ING From 6.037 % To 5.931 % (29-Jun-10)
  • 1 Jul 10 : CDL H-Trust – CS From 5.9231 % To 6.1974 % (28-Jun-10)

 

REIT

Assets

Debts

Gearing

Shares

Major Shareholders

A-REIT

S$4874M

S$1649M

34.1%

1,873,132,504

Ascendas 20.66% ; Capital Grp 5.82% ; ING 5.931%

AIMSAMPIReit

S$660M

S$190M

28.8%

1,466,599,377

AMP 16.07% ; APG 9.307% ; George Wang 7.65% ; Stitching 7.31% ; UBS 5.76% ; Lion 6.98% ; USS 8.24%

AscottREIT

S$1688M

S$658M

40.7%

618,806,000

Temasek 48.0%

Cambridge

S$922M

S$379M

42.3%

873,217,960

MacKenzie 6.34% ; Capital Grp 5.9153%

CapitaRChina

S$1239M

S$413M

33.0%

624,770,346

Capitaland 40.04% (CMT 20%) ; Capital Grp 7.9454% ; PGGM 5.946%

CCT

S$6043M

S$1984M

32.8%

2,818,970,812

Temasek 31.97% ; Cohen 5.036%

CDL HTrust

S$1758M

S$523M

29.7%

839,856,772

Hong Leong 35.19% ; BOA 5.05%

CLT

S$749M

S$191M

25.5%

632,975,152

C&P 14.1% ; JPM 10.98% ; MS 7.186% ; Capital Grp 6.0609% ; JF Asset Mgmt 6.5%

CMT

S$7608M

S$2415M

32.4%

3,180,895,775

Temasek 29.65% ; NTUC 5.98% ; Capital Grp 9.0075%

First REIT

S$357M

S$55.0M

16.0%

276,280,989

Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

Fortune

HK$12421M

HK$2777M

21.9%

1,666,597,43

Cheung Kong 32.35% ; Temasek 6.02% ; Schroder 10.955%

FrasersCT

S$1472M

S$460M

31.2%

767,276,572

F&N 51% ; AIA 6.0126% ; Capital Group 7.4585%

FrasersComm

S$2028M

S$819M

40.4%

3,089,710,334

F&N 23% ; Farallon 6.84%

K-REIT

S$2373M

S$351M

15.2%

1,340,700,280

Temasek 75.16%

LMIR

S$1216M

S$125M

10.30%

1,079,903,912

Lippo 18.39% ; MapleTree 13.18% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03%

MapleTree

S$3132M

S$1199M

38.6%

2,054,315,301

Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 5.74%

PLife

S$1193M

S$336M

28.2%

604,245,000

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

Saizen

JPY46,451M

JPY17,131M

36.9%

952,932,055

V-Nee Yeh (ASM, HCL) 20.201% ; CS 5.2112%

Starhill Gbl

S$2733M

S$842M

30.8%

1,943,023,078

YTL 28.90% ; AIA 11.11%

Suntec

S$5151M

S$1730M

33.6%

1,878,199,209

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

 

July 29, 2010 Gearing No Comments »

Perfomance – Jun 2010

STI -2.14% : 2835.51 (Jun-10) vs 2897.62 (2009)

Rank – Capital Gains

REIT

Jun-10

Dec-09

Gain

Fortune Reit HK$

$3.550

$3.130

13.4%

PLife REIT

$1.360

$1.220

11.5%

CLT

$0.980

$0.880

11.4%

Cambridge

$0.495

$0.450

10.0%

SaizenREIT

$0.160

$0.150

6.7%

MapletreeLog

$0.835

$0.785

6.4%

StarHill

$0.555

$0.525

5.7%

First REIT

$0.855

$0.815

4.9%

CapitaComm

$1.220

$1.170

4.3%

K-REIT

$1.140

$1.100

3.6%

AIMSAMPIReit

$0.220

$0.215

2.3%

CapitaMall

$1.840

$1.800

2.2%

FCOT

$0.140

$0.140

0.0%

CDL Htrust

$1.750

$1.750

0.0%

SuntecReit

$1.320

$1.350

-2.2%

CapitaRChina

$1.240

$1.280

-3.1%

AscottREIT

$1.130

$1.200

-5.8%

LippoMapleT

$0.475

$0.505

-5.9%

FrasersCT

$1.300

$1.400

-7.1%

Ascendasreit

$1.820

$2.220

-18.0%

NOTES :

  • Not Adjusted for Rights or New Issues Which May Be at a Discount
  • Jun-10 : End Jun-10 Mkt Price
  • Dec-09 : End Dec-09 Mkt Price
  • Gain : Capital Gains = (Jun-10 Mkt Price – Dec-09 Mkt Price) / (Dec-09 Mkt Price)
  • CLT Uses IPO Price of $0.88 as Base
June 30, 2010 Performance No Comments »

June 2010

REITs : Average Yield = 7.210% (Excl. Saizen)

REIT

Period

DPU cts

Mkt

Yield

NAV

Gearing

Assets Type

Cambridge

Q1 – Mar10

1.274

$0.495

10.438%

$0.59

42.60%

Industrial

LippoMapleT

Q1 – Mar10

1.2

$0.475

10.105%

$0.84

10.24%

Malls (Indonesia)

AIMSAMPIReit

Q4 – Mar10

0.5376

$0.220

9.775%

$0.31

28.90%

Industrial

First REIT

Q1 – Mar10

1.9

$0.855

9.018%

$0.98

15.70%

Hospitals + Hotel (Indonesia)

FraserComm

1H – Mar10

0.5619

$0.140

8.071%

$0.27

40.10%

Malls + Office (S’pore and Aust)

CACHE

FY10 – IPO

7.65

$0.980

7.806%

$0.87

25.90%

Industrial

SuntecReit

Q1 – Mar10

2.513

$1.320

7.721%

$1.75

33.40%

Malls + Office

Fortune Reit HK$

Q1 – Mar10

6.38

$3.550

7.189%

$5.19

23.70%

Malls (HK)

MapletreeLog

Q1 – Mar10

1.5

$0.835

7.186%

$0.85

38.60%

Industrial

CapitaRChina

Q1 – Mar10

2.14

$1.240

7.000%

$1.07

33.80%

Malls (China)

Starhill Gbl

Q1 – Mar10

0.95

$0.555

6.937%

$0.81

29.30%

Malls + Office

CapitaComm

Q1 – Mar10

1.93

$1.220

6.418%

$1.37

32.20%

Office

FrasersCT

Q2 – Mar10

2.06

$1.300

6.338%

$1.23

31.40%

Malls

PLife REIT

Q1 – Mar10

2.07

$1.360

6.088%

$1.37

28.20%

Hospitals

Ascendasreit

Q4 – Mar10

2.73

$1.820

6.000%

$1.55

31.60%

Industrial

AscottREIT

Q1 – Mar10

1.66

$1.130

5.876%

$1.32

42.10%

Serviced Apts (Regional)

CDL Htrust

Q1 – Mar10

2.32

$1.750

5.377%

$1.41

30.90%

Hotels

CapitaMall

Q1 – Mar10

2.23

$1.840

4.913%

$1.54

32.40%

Malls + Office

K-REIT

Q1 – Mar10

1.33

$1.140

4.728%

$1.47

25.20%

Office

SaizenREIT

Q3 – Mar10

0

$0.160

0.000%

$0.39

36.90%

Residential (Japan)

NOTES :

  • Mkt Price is as on 30-Jun-10
  • AIMSAMPIReit : Annualised = 2.1504ct
  • PLife : Annualised DPU = 8.28ct
  • Fortune : No Payout as Semi-Annual Payout Policy
  • CDLHTrust : Annualised = 9.41ct ; No Payout as Semi-Annual Payout Policy
  • AscottREIT : No Payout as Semi-Annual Payout Policy
  • Suntec : Annualised DPU = 10.192ct
  • StarHill Gbl : Annualised DPU = 3.85ct
  • CRCT : Annualised DPU = 8.68ct ; No Payout as Semi-Annual Payout Policy
  • FCT : Actual Payout 1.33ct (0.73ct was paid on 15-Mar-10 for the Period 1-Jan-10 to 3-Feb-10) ; $1.1M Retained for Future Distribution
  • FirstREIT : Annualised DPU 7.71ct
  • FrasersComm : Annualised DPU = 1.13ct
  • Cambridge : Annualised DPU = 5.167ct
  • CMT : Annualised DPU = 9.04ct ; Retained Income (for Future Distribution) = $9.5M
  • KREIT : Annualised DPU = 5.39ct ; No Payout as Semi-Annual Payout Policy
  • 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%
  • CCT : Annualised DPU = 7.83ct ; No Payout as Semi-Annual Payout Policy
  • CLT (IPO) : IPO Forecast – 7.65ct (FY10) ; 7.78ct (FY11) ; IPO Close : 8-Apr-10 12pm ; Listing : 12-Apr-10 2pm ; IPO Prospectus
  • CRCT : Q409 DPU 2.04ct (Annualised 8.09ct)
  • 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)
  • Suntec : Private Placement 128.5Mil New Units @ $1.19 ; SGX Annc (11-Dec-09) ; Gearing 31.5% ; Aggregate Leverage 33.4%
  • MapleTree : Private Placement 115Mil New Units @ $0.69 ; SGX Annc (9-Nov-09) ; Proforma (3Q09) – Yield Accretive +1.5% ; DPU 0.74-0.76ct (Advanced Distribution for the Period 1-Oct-09 to 17-Nov-09) for Existing Shareholders ; Gearing ~38.5%
  • AIMSAMPIReit : 2-for1 Rights @ $0.159 (xri 25-Nov-09) ; Circular (6-Nov-09) ; 1H10 (Proforma) – DPU 1.04ct (Yield 9.3% @ TERP $0.223 – Mkt $0.41) ; NAV $0.31 ; Gearing 29% ; Listing on 28-Dec-09 9am
  • KREIT : 1-for1 Rights @ $0.93 (xri 23-Oct-09) ; Circular (3-Oct-09) ; FY08 (Proforma) – DPU 6.08ct (Yield 5.8% @ TERP $1.06 – Mkt $1.18) ; NAV $1.49 ; Gearing 9.1%
  • Saizen : No Payout since 1H09 (Dec-08) ; SGX Annc Pg21 : The Board expects Saizen REIT will start accumulating cash for distribution from the last quarter of FY2010 or first quarter of FY2011
  • Fortune : Proposed 1-for-1 Rights @ HK$2.29 (xri 15-Sep-09) ; Circular (24-Aug-09) ; 1H09 (Proforma) – DPU HK12.03ct (Yield 7.52% @ TERP HK$3.20) ; NAV HK$4.98
  • Cambridge : Private Placement – 71.14Mil Shares @ $0.392 ; Listing on 13-Aug-09 9am
  • AREIT : Private Placement – 185Mil Shares @ $1.63 ; Listing on 20-Aug-09 2pm ; Gearing 29.3%
  • FCOT : 3-for-1 Rights @ $0.095 (xr 27-Jul-09) ; Circular (30-Jun-09) ; Mar09 (Proforma) – DPU 1.06ct Annualised (Yield 8% @ $0.131 theoretical ex-rights price) ; NAV $0.26 ; Gearing 38.5% ; New Shares Listing – 27 Aug 09
  • StarHill Gbl : 1-for-1 Rights @ $0.35 (xr 17-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% ; New Shares Listing – 19 Aug 09
  • 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 : 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)

 
 

 
 

Shipping Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

PacShipTr US$

Q1 – Mar10

0.793

$0.280

11.329%

$0.40

Shipping Trust

FSL Trust

Q1 – Mar10

1.5

$0.380

22.017%

$0.62

Shipping Trust

Rickmers

Q1 – Mar10

0.57

$0.365

8.710%

$0.94

Shipping Trust

NOTES :

  • All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3944:US$1 fm Yahoo Finance)
  • Rickmers : 13% Payout
  • PST : 70% Payout
  • FSL : 55% Payout ; Q210 DPU Guidance = US1.5ct

   
 

Other Trusts (non-REITs)

Trust

Period

DPU cts

Mkt

Yield

NAV

Assets Type

CitySpring

Q4 – Mar10

1.05

$0.590

7.119%

$0.43

Infrastructure – Water, Gas

HyfluxWaterT

Q1 – Mar10

1.16

$0.660

7.030%

$0.73

China – Water Plant

K-Green

FY11

7.82

$1.050

7.448%

$1.12

Energy (Incineration) + Water (NEWater)

AscendasIndT

2H – Mar10

3.64

$0.940

7.745%

$0.90

India – Industrial Park

Indiabulls

Q4 – Mar10

—

$0.245

—

$0.54

India – Office

NOTES :

  • K-Green : DPU – FY10 (6mths) = 3.91ct ; FY11 = 7.82ct ; Circular (31-May-10) ; Listing – 29-Jun-10 9am
  • CitySpring : The Group NAV per unit before hedging and translation reserves is S$0.49 ; Guidance for FY11 DPU = 4.2ct
  • HWT : No Payout as Semi-Annual Payout Policy
  • Indiabulls : No DPU Declared
  • HWT : 2H09 DPU = 2.86ct (With Sponsor Waiver) ; Sponsor DPU = 2.03ct
  • 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)
June 30, 2010 Yield No Comments »

Gearing – Jun 2010

New Data (Major Shareholders) for the Month

  • 7 Jun 10 : CLT – JPM From 11.10 % To 10.98 % (2-Jun-10)
  • 7 Jun 10 : AIMSAMPReit – APG From 8.935 % To 9.307 % (3-Jun-10)
  • 3 Jun 10 : AIMSAMPIReit – APG From 7.862 % To 8.021 % (25-May-10)

 

REIT

Assets

Debts

Gearing

Shares

Major Shareholders

A-REIT

S$4854M

S$1522M

31.6%

1,871,153,701

Ascendas 20.66% ; Capital Grp 5.82% ; ING 7.045%

AIMSAMPIReit

S$658M

S$190M

28.9%

1,466,599,000

AMP 16.07% ; APG 9.307% ; George Wang 7.65% ; Stitching 7.31% ; UBS 5.76% ; Lion 6.98% ; USS 8.24%

AscottREIT

S$1654M

S$655M

42.1%

618,015,000

Temasek 48.0%

Cambridge

S$915M

S$377M

42.6%

870,131,173

MacKenzie 6.34% ; Capital Grp 5.9153%

CapitaRChina

S$1216M

S$416M

33.8%

624,128,034

Capitaland 40.04% (CMT 20%) ; Capital Grp 7.9454% ; PGGM 7.64%

CCT

S$5998M

S$1931M

32.2%

2,816,403,677

Temasek 31.97% ; Cohen 5.036%

CDL HTrust

S$1769M

S$546M

30.9%

838,726,008

Hong Leong 40.06% ; CS 5.9075% ; BOA 5.05%

CLT

S$738M

S$191M

25.9%

632,200,000

C&P 14.1% ; JPM 10.98% ; MS 7.186% ; Capital Grp 6.0609% ; JF Asset Mgmt 6.5%

CMT

S$7608M

S$2415M

32.4%

3,180,895,775

Temasek 29.65% ; NTUC 5.98% ; Capital Grp 9.0075%

First REIT

S$356M

S$53.8M

15.7%

275,972,030

Lippo 20.3% ; RZB 9.2% ; CIM 5.9%

Fortune

HK$11961M

HK$2756M

25.7%

1,663,952,367

Cheung Kong 32.35% ; Temasek 6.02% ; Schroder 10.955%

FrasersCT

S$1464M

S$460M

31.4%

766,943,680

F&N 51% ; AIA 6.0126% ; Capital Group 7.4585%

FrasersComm

S$2070M

S$830M

40.1%

3,067,792,467

F&N 23% ; Farallon 6.95%

K-REIT

S$2620M

S$582M

25.2%

1,339,132,297

Temasek 75.16%

LMIR

S$1221M

S$125M

10.24%

1,078,079,926

Lippo 18.39% ; MapleTree 13.18% ; Stitching 9.95% ; CPI-Capital 8.5% ; ABN AMRO 6.51% ; Sumitomo 5.03%

MapleTree

S$3132M

S$1199M

38.6%

2,054,315,301

Temasek 44.41% ; Capital Grp 7.14% ; BOA 6.84% ; Alliance Global Prop 5.74%

PLife

S$1193M

S$336M

28.2%

604,245,000

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

Saizen

JPY46,451M

JPY17,131M

36.9%

952,932,055

V-Nee Yeh (ASM, HCL) 20.201% ; CS 5.2112%

Starhill Gbl

S$2397M

S$702M

29.3%

1,935,113,424

YTL 28.90% ; AIA 11.11%

Suntec

S$5161M

S$1726M

33.4%

1,874,247,048

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
June 7, 2010 Gearing No Comments »