Author: tfwee
June 2007
SGX Announcements
- 26-Jun-07 : AllCo – Issue of Rights Circular
- 25-Jun-07 : AllCo – Rights Issue Price fixed @ $1.04 ; Excess Rights @ $1.14
- 18-Jun-07 : CDLHTrust – 130Mil New Units (Existing Shareholders : 3-for-20 + Private Placement) ; Prices TBD
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
First REIT |
Q1 : Mar-07 |
1.60 |
S$0.805 |
8.062% |
S$0.865 |
Hospitals + Hotel (Indonesia) |
|
Cambridge |
Q1 : Mar-07 |
1.434 |
S$0.945 |
6.154% |
S$0.67 |
Industrial |
|
MI-REIT |
FY08 – IPO |
7.41 |
S$1.33 |
5.571% |
S$1.116 |
Industrial |
|
Fortune |
Q1 : Mar-07 |
9.07 |
HK$6.60 |
5.497% |
HK$8.45 |
Malls (HK) |
|
AllCo |
2H07 – Rights |
3.02 |
S$1.22 |
4.950% |
S$1.11 |
Malls + Office (S’pore and Aust) |
|
MMP |
Q1 : Mar-07 |
1.47 |
S$1.24 |
4.806% |
S$1.14 |
Malls + Office |
|
A-REIT |
Q4 : Mar-07 |
3.30 |
S$2.94 |
4.490% |
S$1.46 |
Industrial |
|
MapleTree |
Q1 : Mar-07 |
1.48 |
S$1.42 |
4.169% |
S$0.83 |
Industrial |
|
Suntec |
Q2 : Mar-07 |
1.965 |
S$1.94 |
4.108% |
S$1.78 |
Malls + Office |
|
FrasersCT |
Q2 : Mar-07 |
1.67 |
S$1.72 |
3.884% |
S$1.09 |
Malls |
|
AscottREIT |
Q1 : Mar-07 |
1.59 |
S$2.02 |
3.149% |
S$1.38 |
Serviced Apts (Regional) |
|
CCT |
Q1 : Mar-07 |
2.11 |
S$2.93 |
2.922% |
S$1.86 |
Office |
|
CDL HTrust |
Q1 : Mar-07 |
1.75 |
S$2.46 |
2.886% |
S$1.02 |
Hotels |
|
CMT |
Q1 : Mar-07 |
3.00 |
S$4.22 |
2.884% |
S$1.87 |
Malls + Office |
|
K-REIT |
Q1 : Mar-07 |
1.77 |
S$2.86 |
2.510% |
S$2.02 |
Office |
|
CapitaRChina |
Q1 : Mar-07 |
1.51 |
S$3.16 |
1.934% |
S$0.98 |
Malls (China) |
NOTES :
- Mkt Price is as on 29-Jun-07
- AllCo : DPU and NAV fm Rights Circular
- Fortune : Div Not Paid Out
- CDL HTrust : Annualised DPU = 7.1ct ; Not Paid Out
- First REIT : Annualised DPU = 6.49ct ; Actual Payout = 1.96ct (19-Oct-06 to 31-Mar-07)
- MapleTree : Actual DPU Payout = 1.1ct (25-Jan-07 to 31-Mar-07) ; 0.38ct (1-Jan-07 to 24-Jan-07) Already Paid
- Suntec : Annualised DPU = 7.97ct
- Cambridge : Annualised DPU = 5.816ct
- CCT : Annualised DPU = 8.56ct ; Not Paid Out
- AscottREIT : Div Payout = 1.5ct (1-Jan-07 to 25-Mar-07) Due to Equity Fund Raising. Usual Payout is Semi-Annual
- MMP : Annualised DPU = 5.96ct
- CMT : Annualised DPU = 12.17ct
- CapitaRChina : Annualised DPU = 6.11ct ; Total = 1.57ct (23-Oct-06 to 31-Mar-07) Not Paid Out
- A-REIT : DPU 1.198ct for ‘A’ Stocks (Issued on 26-Feb-07)
- K-REIT : Div Not Paid (Semi-Annual Policy) ; Annualised DPU = 7.18ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q1 : Mar-07 |
1.04 |
$0.45 |
9.244% |
$0.44 |
Shipping Trust |
|
FSL Trust US$ |
FY07 – IPO |
7.81 |
$0.99 |
8.606% |
$0.95 |
Shipping Trust |
|
Rickmers |
FY07 – IPO |
6.42 |
S$1.71 |
7.559% |
? |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers Mkt Price
- 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 : DPU is for 1-Feb-07 to 31-Dec-07 ; Annualised DPU 8.52ct
- FSL : IPO Quarterly DPU Forecast – 2.13ct (FY07) ; 2.237ct (1H08) ; 2.343ct (2H08) ; 2.45ct (1H09)
Gearing – June 2007
New data for the month,
- 28-Jun-07 : Suntec – Lee Shau Kee from 5.27% to 0%
- 28-Jun-07 : CapitaRChina – Capital Grp from 9.9808% to 8.9348%
- 27-Jun-07 : MMP – Morgan Stanley from 9.106% to 10.01%
- 27-Jun-07 : AllCo – Capital Grp from 16.152% to 15.868%
- 20-Jun-07 : MMP – Temasek (via DBS and Keppel) from 4.99% to 5.04%
- 15-Jun-07 : Cambridge – Schroder from 4.91% to 5.063%
- 14-Jun-07 : CapitaRChina – Capital Grp from 10.0637% to 9.9808%
- 13-Jun-07 : Suntec – UBS from 6.2% to 5.94%
- 1-Jun-07 : MacCookIReit – UBS from 13.42%% To 13.54%
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$3307M |
S$1185M |
37.3% |
1,321,635,324 |
Ascendas 20.8% ; MGM 6.5% ; Capital Grp 5.82% ; MacQuarie 7.41% |
|
AllCo |
S$908M |
S$304M |
33.5% |
495,588,151 |
AllCo 16.054% ; Capital Grp 15.868% ; Farallon 9.91% |
|
AscottREIT |
S$1309M |
S$308M |
29.6% |
499,400,889 |
Temasek 47.17% |
|
Cambridge |
S$631M |
S$282M |
44.7% |
513,833,517 |
YCH 8.6% ; CWT 9.76% ; Capital Grp 6.0139% ; Schroder 5.063% |
|
CapitaRChina |
S$783M |
S$229M |
29.6% |
475,806,233 |
Capitaland 20% ; CMT 20% ; PGGM 10% ; Capital Grp 8.9348% |
|
CCT |
S$3891M |
S$1221M |
30.9% |
1,383,002,504 |
Temasek 31.97% ; Capital Grp 6.8231% ; Stitching 10.67% |
|
CDL HTrust |
S$1116M |
S$394M |
35.3% |
700,942,645 |
CDL 40.2% ; Siong Lim 9.6% ; Istithmar Hotels 9.7% |
|
CMT |
S$4811M |
S$1584M |
35.6% |
1,563,162,337 |
Temasek 32.99% ; NTUC 6.84% ; Capital Grp 6.1% |
|
First REIT |
S$269M |
S$0 |
0.0% |
271,645,968 |
Lippo 20.3% ; RZB 9.2% |
|
Fortune |
HK$9468M |
HK$2336M |
24.8% |
808,560,010 |
Cheung Kong 34.44% ; Stitching 14.9% ; Temasek 6.93% ; Capital Grp 6.8% ; Cohen 6.024% |
|
FrasersCT |
S$955M |
S$260M |
27.1% |
616,452,502 |
F&N 51% ; Stitching 6.04% ; AIA 5.04% |
|
K-REIT |
S$691M |
S$190M |
27.5% |
241,997,637 |
Keppel 72.2% |
|
MacCookIReit |
S$319M |
S$27M |
8.6% |
247,330,000 |
UBS 13.54% ; Lion 8.02% ; USS 8.45% ; Indus 5.76% ; MacCook 5% |
|
MapleTree |
S$1637M |
S$630M |
39.0% |
1,108,180,172 |
Temasek 31.96% ; Capital Grp 7.14% ; UBS 6.13% |
|
MMP |
S$1525M |
S$389M |
25.5% |
949,308,667 |
MacQuarie 24.3% ; Morgan Stanley 10.01% ; AIA 6.8% ; Temasek 5.04% |
|
Suntec |
S$3913M |
S$915M |
23.3% |
1,632,869,635 |
MacQuarie 11.12% ; Morgan Stanley 8.0833% ; UBS 5.94% ; 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
DBSVickers – 11 June 2007
Click on the Table below for a bigger view.
A summary of this report can be found at SREIT blog.
UBS – 4 June 2007
Click on the Table for a bigger view,
