Author: tfwee
July 2007
SGX Announcements
- 31-Jul-07 (mkt close) : CDLHTrust – 1H07 Results
- 31-Jul-07 (mkt close) : Fortune – 1H07 Results
- 31-Jul-07 (before mkt open) : Cambridge – Q207 Results
- 30-Jul-07 (mkt close) : Suntec – Q307 Results
- 27-Jul-07 (mkt close) : CMT – Q207 Results
- 26-Jul-07 (mkt close) : MI-REIT – Q108 Results
- 26-Jul-07 (mkt close) : MMP – Q207 Results
- 26-Jul-07 (mkt close) : AllCo – 1H07 Results
- 26-Jul-07 (mkt close) : MapleTree – Q207 Results
- 25-Jul-07 (mkt close) : AscottREIT – 1H07 Results
- 25-Jul-07 (before mkt open) : CapitaRChina – 1H07 Results
- 24-Jul-07 (mkt close) : FrasersCT – Q307 Results
- 24-Jul-07 (mkt close) : PST – Q207 Results
- 23-Jul-07 (mkt close) : FirstREIT – Q207 Results
- 20-Jul-07 (before mkt open) : CCT – 1H07 Results
- 19-Jul-07 (mkt close) : AREIT – Q106 Results
- 19-Jul-07 (before mkt open) : FSL – Q207 Results
- 18-Jul-07 (mkt close) : KREIT – 1H07 Results
- 6-Jul-07 : CDLHTrust – 120,162,795 New Units (Existing Shareholders :
107,162,795 Units @ $2.45 at 3-for-20 ; Private Placement @ $2.52 : 13,000,000 Units)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
First REIT |
Q2 : Jun-07 |
1.65 |
S$0.805 |
8.186% |
S$0.865 |
Hospitals + Hotel (Indonesia) |
|
Cambridge |
Q2 : Jun-07 |
1.56 |
S$0.915 |
6.838% |
S$0.67 |
Industrial |
|
MI-REIT |
Q1 : Jun-07 |
1.52 |
S$1.28 |
5.922% |
S$1.13 |
Industrial |
|
Fortune |
1H : Jun-07 |
17.7 |
HK$6.25 |
5.664% |
HK$8.52 |
Malls (HK) |
|
AllCo |
1H : Jun-07 |
2.99 |
S$1.11 |
5.432% |
S$1.35 |
Malls + Office (S’pore and Aust) |
|
A-REIT |
Q1 : Jun-07 |
3.37 |
S$2.71 |
4.978% |
S$1.46 |
Industrial |
|
MMP |
Q2 : Jun-07 |
1.50 |
S$1.25 |
4.816% |
S$1.25 |
Malls + Office |
|
MapleTree |
Q2 : Jun-07 |
1.59 |
S$1.34 |
4.746% |
S$0.85 |
Industrial |
|
Suntec |
Q3: Jun-07 |
2.10 |
S$1.90 |
4.434% |
S$1.78 |
Malls + Office |
|
FrasersCT |
Q3 : Jun-07 |
1.67 |
S$1.54 |
4.338% |
S$1.09 |
Malls |
|
AscottREIT |
1H : Jun-07 |
3.60 |
S$1.95 |
3.692% |
S$1.40 |
Serviced Apts (Regional) |
|
CDL HTrust |
1H : Jun-07 |
3.86 |
S$2.25 |
3.458% |
S$1.04 |
Hotels |
|
CMT |
Q2 : Jun-07 |
3.12 |
S$3.76 |
3.327% |
S$2.08 |
Malls + Office |
|
CCT |
1H : Jun-07 |
4.25 |
S$2.66 |
3.207% |
S$2.39 |
Office |
|
K-REIT |
1H : Jun-07 |
3.91 |
S$2.94 |
2.680% |
S$2.00 |
Office |
|
CapitaRChina |
1H : Jun-07 |
3.21 |
S$2.78 |
2.324% |
S$0.99 |
Malls (China) |
NOTES :
- Mkt Price is as on 31-Jul-07
- CDL HTrust : Annualised DPU = 7.78ct ; Actual Payout = 4.11ct for Period 1-Jan-07 to 18-Jul-07
- Cambridge : Annualised DPU = 6.257ct
- Suntec : Annualised DPU = 8.425ct
- CMT : Annualised DPU = 12.51ct
- MI-REIT : Annualised DPU = 7.58ct ; DPU Payout for Period 19-Apr-07 to 30-Jun-07
- MMP : Annualised DPU = 6.02ct
- AscottREIT : Actual DPU Payout = 2.1ct ; 1.5ct Already Paid for 1-Jan-07 to 25-Mar-07
- CapitaRChina : Annualised DPU = 6.46ct ; Actual DPU Payout = 3.27ct (23-Oct-06 to 30-Jun-07)
- First REIT : Annualised DPU = 6.59ct
- CCT : Annualised DPU = 8.53ct
- A-REIT : Annualised DPU = 13.49ct
- K-REIT : Annualised DPU = 7.88ct
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q2 : Jun-07 |
1.06 |
$0.46 |
9.217% |
$0.44 |
Shipping Trust |
|
FSL Trust US$ |
Q2 : Jun-07 |
2.3 |
$0.965 |
9.088% |
$0.96 |
Shipping Trust |
|
Rickmers |
FY07 – IPO |
6.42 |
S$1.67 |
7.740% |
? |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers Mkt Price
- FSL : DPU is for 27-Mar-07 to 30-Jun-07 ; Annualised DPU 8.77ct
- Rickmers : Yield Computed Using Exchange Rate S$1.51:US$1 (IPO Prospectus)
- Rickmers : DPU is for 1-Apr-07 to 31-Dec-07 ; Annualised DPU 8.56ct
- FSL : IPO Quarterly DPU Forecast – 2.13ct (FY07) ; 2.237ct (1H08) ; 2.343ct (2H08) ; 2.45ct (1H09)
Gearing – July 2007
New data for the month,
- 31-Jul-07 : MacCookIReit – UBS from 15.33% To 18.72%
- 30-Jul-07 : AllCo – Enso Capital from 6.007% to 5.997%
- 25-Jul-07 : AllCo – Capital Group from 15.8684% To 14.9252%
- 24-Jul-07 : Suntec – UBS from 6.9935% to 7.0079%
- 20-Jul-07 : Cambridge – Schroder from 5.063% to 4.818%
- 20-Jul-07 : CMT – Temasek from 32.99% to 31.98%
- 16-Jul-07 : CapitaRChina – Capital Group from 8.9348% to 7.6391%
- 16-Jul-07 : Fortune – Cohen & Steers (Daiwa) from 6.986% to 7.047%
- 16-Jul-07 : CDL HTrust – Estate of Tan Chin Tuan from 9.55% to 0%
- 16-Jul-07 : MacCookIReit – UBS from 15.13% To 14.95%
- 11-Jul-07 : Suntec – MacQuarie Bank from 8.22% to 9%
- 10-Jul-07 : MMP – Morgan Stanley from 10.01% to 11.023%
- 10-Jul-07 : Suntec – Temasek from 4.99% to 5.16%
- 10-Jul-07 : MacCookIReit – UBS from 14.91% to 15.51%
- 6-Jul-07 : CCT – Capital Group from 6.8231% to 5.9624%
- 6-Jul-07 : MacCookIReit – UBS from 13.82% to 14.46%
- 5-Jul-07 : Suntec – CitiGroup from 4.47% to 5.14%
- 4-Jul-07 : MMP – Morgan Stanley from 9.059% to 10.131%
- 4-Jul-07 : Suntec – MacQuarie Bank from 11.55% to 8.34%
- 2-Jul-07 : Suntec – Morgan Stanley from 7.8679% to 10.6036%
- 2-Jul-07 : Suntec – UBS from 4.82% to 6.93%
- 2-Jul-07 : MacCookIReit – Lion Capital from 8.02% to 9.27%
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$3329M |
S$1216M |
38.0% |
1,324,806,148 |
Ascendas 20.8% ; MGM 6.5% ; Capital Grp 5.82% ; MacQuarie 7.41% |
|
AllCo |
S$1267M |
S$306M |
24.2% |
697,314,606 |
AllCo 16.054% ; Capital Grp 14.9252% ; Farallon 9.86% ; Enso 5.997% |
|
AscottREIT |
S$1303M |
S$365M |
28.0% |
604,735,000 |
Temasek 47.17% |
|
Cambridge |
S$673M |
S$322M |
47.7% |
514,504,160 |
YCH 8.6% ; CWT 9.76% ; Capital Grp 6.0139% |
|
CapitaRChina |
S$793M |
S$230M |
29.6% |
475,971,690 |
Capitaland 20% ; CMT 20% ; PGGM 10% ; Capital Grp 7.6391% |
|
CCT |
S$4638M |
S$1204M |
25.5% |
1,383,555,748 |
Temasek 31.97% ; Capital Grp 5.9624% ; Stitching 10.67% |
|
CDL HTrust |
S$1365M |
S$590M |
43.2% |
702,512,807 |
Hong Leong 39.49% ; Istithmar Hotels 9.7% |
|
CMT |
S$5782M |
S$1876M |
40.3% |
1,564,310,772 |
Temasek 31.98% ; NTUC 6.84% ; Capital Grp 6.1% |
|
First REIT |
S$306.7M |
S$35.9M |
12.2% |
271,844,387 |
Lippo 20.3% ; RZB 9.2% |
|
Fortune |
HK$9545M |
HK$2336M |
24.6% |
809,641,049 |
Cheung Kong 34.44% ; Stitching 14.9% ; Temasek 6.93% ; Capital Grp 6.8% ; Cohen 7.047% |
|
FrasersCT |
S$1003M |
S$307.5M |
30.7% |
617,212,469 |
F&N 51% ; Stitching 6.04% ; AIA 5.04% |
|
K-REIT |
S$696M |
S$190M |
27.3% |
242,332,586 |
Keppel 72.2% |
|
MacCookIReit |
S$323M |
S$26M |
8.1% |
260,504,932 |
UBS 18.72% ; Lion 9.27% ; USS 8.45% ; Indus 5.76% ; MacCook 5% |
|
MapleTree |
S$2201M |
S$1182M |
54.0% |
1,108,180,172 |
Temasek 31.96% ; Capital Grp 7.14% ; UBS 6.13% |
|
MMP |
S$1763M |
S$510M |
29.0% |
950,278,429 |
MacQuarie 24.3% ; Morgan Stanley 11.023% ; AIA 6.8% ; Temasek 5.04% |
|
Suntec |
S$3913M |
S$915M |
23.3% |
1,634,654,434 |
MacQuarie 9.0% ; Morgan Stanley 10.6036% ; UBS 7.0079% ; Shaw 5.81% ; Cheng YT 5.81% ; CitiGroup 5.14% ; Temasek 5.16% |
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
SREIT IPO/Placement Price
|
S-REITs |
IPO Price |
||||||
|
IPO |
2nd Placement |
3rd Placement |
4th Placement |
5th Placement |
6th Placement |
7th Placement |
|
|
SuntecReit |
$ 1.00 |
$ 1.50 |
– |
– |
– |
– |
– |
|
MMP Reit |
$ 0.98 |
– |
– |
– |
– |
– |
– |
|
CapitaMall |
$ 0.96 |
$ 1.33 |
$ 1.62 |
$ 2.33 |
$ 2.35 |
$ 2.30 |
– |
|
FrasersCT |
$ 1.03 |
– |
– |
– |
– |
– |
– |
|
CapitaRChina |
$ 1.13 |
– |
– |
– |
– |
– |
– |
|
Fortune Reit HK$ |
HKD 4.75 |
|
|
|
– |
– |
– |
|
CapitaComm |
– |
$ 1.38 |
$ 1.665 |
$ 1.68 |
– |
– |
– |
|
K-REIT |
$ 0.98 |
– |
– |
– |
– |
– |
– |
|
AllcoReit |
$ 1.00 |
$ 1.14 |
– |
– |
– |
– |
– |
|
Ascendasreit |
$ 0.88 |
$ 1.16 |
$ 1.40 |
$ 1.55 |
$ 1.8650 |
$ 2.13 |
$ 2.48 |
|
MapletreeLog |
$ 0.68 |
$ 0.96 |
$ 1.18 |
– |
– |
– |
– |
|
Cambridge |
$ 0.68 |
– |
– |
– |
– |
– |
– |
|
AscottREIT |
$ 0.68 |
$ 1.10 |
$ 1.90 |
– |
– |
– |
– |
|
CDL Htrust |
$ 0.83 |
$ 2.52 |
– |
– |
– |
– |
– |
|
First REIT |
$ 0.71 |
– |
– |
– |
– |
– |
– |
|
|
|||||||
|
Corrected at |
13-Jul-07 |
||||||
UOBKH – 9 July 07
Click on Table below for a bigger view.
Note : The Date for ‘Price’ appears to be wrong and should be 6-Jul-07.
A summary of the above report can be found at SREIT blog.
Performance – June 2007
STI +18.83% : 3548.20 (June-07) vs 2985.83 (2006)
|
REIT |
Jun-07 |
Dec-06 |
Gain |
Div |
Yield |
Total |
|---|---|---|---|---|---|---|
|
CapitaRChina |
S$3.16 |
S$2.10 |
50.5% |
1.51 |
0.7% |
51.2% |
|
CDL HTrust |
S$2.46 |
S$1.67 |
47.3% |
3.51 |
2.1% |
49.4% |
|
CMT |
S$4.22 |
S$2.91 |
45.0% |
6.35 |
1.6% |
46.6% |
|
AscottREIT |
S$2.02 |
S$1.60 |
26.3% |
3.24 |
2.0% |
28.3% |
|
MapleTree |
S$1.42 |
S$1.19 |
19.3% |
2.93 |
2.5% |
21.8% |
|
Cambridge |
S$0.945 |
S$0.80 |
18.1% |
2.856 |
3.6% |
21.7% |
|
K-REIT |
S$2.86 |
S$2.50 |
14.4% |
3.53 |
1.4% |
15.8% |
|
FrasersCT |
S$1.72 |
S$1.53 |
12.4% |
3.21 |
2.1% |
14.5% |
|
Fortune |
HK$6.60 |
HK$5.90 |
11.9% |
17.58 |
3.0% |
14.8% |
|
CCT |
S$2.93 |
S$2.62 |
11.8% |
4.15 |
1.6% |
13.4% |
|
A-REIT |
S$2.94 |
S$2.67 |
10.1% |
6.5 |
2.4% |
12.5% |
|
AllCo |
S$1.22 |
S$1.11 |
9.9% |
3.12 |
2.8% |
12.7% |
|
Suntec |
S$1.94 |
S$1.82 |
6.6% |
3.928 |
2.2% |
8.8% |
|
MMP |
S$1.24 |
S$1.17 |
6.0% |
2.94 |
2.5% |
8.5% |
|
First REIT |
S$0.805 |
S$0.76 |
5.9% |
1.6 |
2.1% |
8.0% |
NOTES :
- Dec-06 : End Dec-06 Mkt Price
- Jun-07 : End Jun-07 Mkt Price
- Gain : Capital Gains = (Jun-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