Performance – June 2008
STI -15.36% : 2947.54 (Jun-08) vs 3482.30 (2007)
|
REIT |
Jun-08 |
Dec-07 |
Gain |
|---|---|---|---|
|
PLife |
S$1.13 |
S$1.13 |
0.0% |
|
Cambridge |
S$0.67 |
S$0.71 |
-5.6% |
|
MP REIT |
S$1.03 |
S$1.10 |
-6.4% |
|
First REIT |
S$0.72 |
S$0.77 |
-6.5% |
|
A-REIT |
S$2.21 |
S$2.46 |
-10.2% |
|
Fortune |
HK$4.54 |
HK$5.21 |
-12.9% |
|
CMT |
S$2.99 |
S$3.46 |
-13.6% |
|
AllCo |
S$0.76 |
S$0.895 |
-15.1% |
|
LMIR |
S$0.545 |
S$0.665 |
-18.0% |
|
MI-REIT |
S$0.90 |
S$1.10 |
-18.2% |
|
FrasersCT |
S$1.19 |
S$1.46 |
-18.5% |
|
Suntec |
S$1.36 |
S$1.71 |
-20.5% |
|
Saizen |
S$0.70 |
S$0.89 |
-21.3% |
|
CCT |
S$1.91 |
S$2.44 |
-21.7% |
|
MapleTree |
S$0.85 |
S$1.09 |
-22.0% |
|
CDL HTrust |
S$1.76 |
S$2.35 |
-25.1% |
|
AscottREIT |
S$1.07 |
S$1.45 |
-26.2% |
|
K-REIT |
S$1.39 |
S$2.13 |
-34.7% |
|
CapitaRChina |
S$1.24 |
S$2.15 |
-42.3% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- Jun-08 : End Jun-08 Mkt Price
- Dec-07 : End Dec-07 Mkt Price
- Gain : Capital Gains = (Jun-08 Mkt Price – Dec-07 Mkt Price) / (Dec-07 Mkt Price)
June 2008
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
LMIR |
Q1 : Mar-08 |
2.20* |
S$0.545 |
11.083% |
S$0.958 |
Malls – Indonesia |
|
First REIT |
Q1 : Mar-08 |
1.85 |
S$0.72 |
10.417% |
S$0.924 |
Hospitals + Hotel (Indonesia) |
|
MI-REIT |
Q4 : Mar-08 |
2.22 |
S$0.90 |
9.922% |
S$1.29 |
Industrial |
|
Cambridge |
Q1 : Mar-08 |
1.588 |
S$0.67 |
9.533% |
S$0.76 |
Industrial |
|
MapleTree |
Q1 : Mar-08 |
1.90 |
S$0.85 |
8.941% |
S$0.90 |
Industrial |
|
AscottREIT |
Q1 : Mar-08 |
2.33 |
S$1.07 |
8.710% |
S$1.57 |
Serviced Apts (Regional) |
|
AllCo |
Q1 : Mar-08 |
1.60 |
S$0.76 |
8.447% |
S$1.44 |
Malls + Office (S’pore and Aust) |
|
Fortune |
Q1 : Mar-08 |
8.79 |
HK$4.54 |
7.744% |
HK$8.91 |
Malls (HK) |
|
Saizen |
FY08 – IPO |
5.30 |
S$0.70 |
7.571% |
S$1.05 |
Residential (Japan) |
|
Suntec |
Q2: Mar-08 |
2.5185 |
S$1.36 |
7.448% |
S$2.23 |
Malls + Office |
|
MP REIT |
Q1 : Mar-08 |
1.76 |
S$1.03 |
6.874% |
S$1.59 |
Malls + Office |
|
A-REIT |
Q4 : Mar-08 |
3.69 |
S$2.21 |
6.679% |
S$1.80 |
Industrial |
|
CDL HTrust |
Q1 : Mar-08 |
2.86 |
S$1.76 |
6.534% |
S$1.58 |
Hotels |
|
FrasersCT |
Q2 : Mar-08 |
1.75 |
S$1.19 |
5.882% |
S$1.17 |
Malls |
|
PLife |
Q1 : Mar-08 |
1.62 |
S$1.13 |
5.743% |
S$1.34 |
Hospitals |
|
CCT |
Q1 : Mar-08 |
2.59 |
S$1.91 |
5.455% |
S$2.79 |
Office |
|
K-REIT |
FY08 – Rights |
7.53 |
S$1.39 |
5.417% |
S$2.29 |
Office |
|
CapitaRChina |
Q1 : Mar-08 |
1.02* |
S$1.24 |
5.371% |
S$1.05 |
Malls (China) |
|
CMT |
Q1 : Mar-08 |
3.48 |
S$2.99 |
4.682% |
S$2.21 |
Malls + Office |
NOTES :
- Mkt Price is as on 30-Jun-08
- MI-REIT : Annualised DPU = 8.93ct
- AllCo : Annualised DPU = 6.42ct ; Div Not Paid Out as Semi-Annual Policy
- Fortune : Div Not Paid Out as Semi-Annual Policy
- PLife : Annualised DPU = 6.49ct
- Suntec : Annualised DPU = 10.129ct
- CDL HTrust : Annualised DPU = 11.5ct ; Div Not Paid Out as Semi-Annual Policy
- MP REIT : Annualised DPU = 7.08ct
- LMIR : Annualised DPU = 6.04ct ; For the Period 8-Aug-07 to 31-Mar-08
- CCT : Annualised DPU = 10.42ct ; Div Not Paid Out as Semi-Annual Policy
- Cambridge : Annualised DPU = 6.387ct
- CRCT : * For the Period 5-Feb-08 to 31-Mar-08 ; Annualised DPU 6.66ct ; Div Not Paid Out as Semi-Annual Policy ; Actual DPU for Q108 = 1.55ct (Annualised 6.22ct)
- AscottREIT : Div Not Paid Out as Semi-Annual Policy
- First REIT : Annualised DPU = 7.5ct
- CMT : Annualised DPU = 14ct
- KREIT : FY08 DPU Forecast 7.53ct (8-for-5 Rights @ $1.39)
- CapitaRChina : Annualised DPU = 7.02ct ; Actual Payout 4.04cts (1-Jul-07 to 4-Feb-08)
- 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% @ $1 (Excl. Bonus Div) / 6.51% (Incl Bonus Div)
- PLife : IPO Forecast – 2H07 : 3.3ct ; FY08 : 6.25ct ; FY09 : 6.39ct
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
PacShipTr US$ |
Q1 : Mar-08 |
0.97 |
$0.40 |
9.700% |
$0.42 |
Shipping Trust |
|
FSL Trust |
Q1 : Mar-08 |
2.59 |
S$1.22 |
11.535% |
$0.88 |
Shipping Trust |
|
Rickmers |
Q1 : Mar-08 |
2.14 |
S$1.13 |
10.290% |
$0.96 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3584:US$1 fm Yahoo Finance)
- FSL : Annualised DPU 10.36ct
- 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)
|
Trust |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
CitySpring |
Q4 : Mar-08 |
1.60 |
$0.76 |
8.421% |
$0.81 |
Infrastructure – Water, Gas |
|
AscendasIndT |
2H : Mar-08 |
3.14 |
$0.905 |
6.939% |
$1.08 |
India – Industrial Park |
|
HWT |
Q1 : Mar-08 |
0.87 |
$0.675 |
5.156% |
$0.74 |
China – Water Plant |
|
Indiabulls |
FY09 – IPO |
5.12 |
$0.89 |
5.753% |
– |
India – Office |
NOTES :
- 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
Gearing – June 2008
New Data (Major Shareholders) for the Month
- 27-Jun-08 : MapleTree – UBS from 4.33% to 5.85% (25-Jun-08)
- 26-Jun-08 : MP REIT – Morgan Stanley from 11.006% to 12.220% (24-Jun-08)
- 26-Jun-08 : MapleTree – BOA from 4.97 to 5.34% (19-Jun-08)
- 18-Jun-08 : MP REIT – Morgan Stanley from 10.239% to 11.237% (13-Jun-08)
- 13-Jun-08 : AllCo – Capital Group from 9.0400% to 10.1170% (11-Jun-08)
- 10-Jun-08 : AllCo – Capital Group from 8.3831% to 9.0400% (4-Jun-08)
- 9-Jun-08 : CMT – Capital Group from 5.2722% to 6.0486% (6-Jun-08)
|
REIT |
Assets |
Debts |
Gearing |
Shares |
Major Shareholders |
|---|---|---|---|---|---|
|
A-REIT |
S$4205M |
S$1562M |
38.2% |
1,325,560,491 |
Ascendas 26.77% ; Capital Grp 5.82% |
|
AllCo |
S$2046M |
S$917M |
44.8% |
709,598,320 |
AllCo 17.28% ; Capital Grp 10.117% ; Farallon 9.86% |
|
AscottREIT |
S$1675M |
S$527M |
33.0% |
606,796,000 |
Temasek 47.17% |
|
Cambridge |
S$971M |
S$358M |
36.9% |
795,255,329 |
Yap Chin Kon – 6.341% ; CWT 8.746% ; Capital Grp 7.06% ; Schroder 6.043% |
|
CapitaRChina |
S$1148M |
S$348M |
30.9% |
617,517,873 |
Capitaland 40.04% (CMT 20%) ; Capital Grp 13.3277% ; Stichting 7.75% |
|
CCT |
S$5455M |
S$1466M |
26.9% |
1,385,415,169 |
Temasek 31.97% ; Stitching 10.67% ; Cohen 5.036% |
|
CDL HTrust |
S$1657M |
S$304M |
19.5% |
825,074,177 |
Hong Leong 39.60% ; Istithmar Hotels 9.7% |
|
CMT |
S$6028M |
S$1911M |
35.3% |
1,663,931,632 |
Temasek 29.65% ; NTUC 6.84% ; Capital Group 6.0486% |
|
First REIT |
S$342M |
S$50.8M |
15.6% |
272,565,915 |
Lippo 20.3% ; RZB 9.2% |
|
Fortune |
HK$9942M |
HK$2349M |
23.6% |
813,690,240 |
Cheung Kong 32.35% ; Stitching 14.9% ; Temasek 6.93% ; Capital Grp 6.8% ; Cohen 5.857% ; Schroder 5.014% |
|
FrasersCT |
S$1060M |
S$307.5M |
29.0% |
619,319,175 |
F&N 51% ; Stitching 6.04% ; AIA 5.04% |
|
K-REIT |
S$2083M |
S$581M |
27.7% |
651,491,000 |
Temasek 75.16% |
|
LMIR |
S$1314M |
S$125M |
10.2% |
1,061,518,901 |
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 11.99% ; Lion 8.54% ; USS 8.45% ; Indus 5.76% |
|
MapleTree |
S$2499M |
S$1360M |
54.7% |
1,108,180,172 |
Temasek 31.96% ; Capital Grp 7.14% ; UBS 5.85% ; BOA 5.34% |
|
MP REIT |
S$2293M |
S$664M |
29.0% |
953,847,716 |
MacQuarie 26.3% ; Morgan Stanley 12.22% ; AIA 11.11% |
|
PLife |
S$855M |
S$34M |
3.98% |
601,886,000 |
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$5835M |
S$1877M |
32.2% |
1,700,500,646 |
Perennial 6.09% ; 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
