SREIT IPO/Placement
|
S-REITS |
IPO /Placement Price |
||||||
|
IPO |
2nd Placement |
3rd Placement |
4th Placement |
5th Placement |
6th Placement |
7th Placement |
|
|
AllcoReit |
1.00 |
1.14 |
– |
– |
– |
– |
– |
|
AscendasIndT |
1.18 |
– |
– |
– |
– |
– |
– |
|
Ascendasreit |
0.88 |
1.16 |
1.40 |
1.55 |
1.87 |
2.13 |
2.48 |
|
AscottREIT |
0.68 |
1.10 |
1.90 |
– |
– |
– |
– |
|
Cambridge |
0.68 |
0.70 |
– |
– |
– |
– |
– |
|
CapitaComm |
– |
1.38 |
1.67 |
1.68 |
– |
– |
– |
|
CapitaMall |
0.96 |
1.33 |
1.62 |
2.33 |
2.35 |
2.30 |
3.63 |
|
CapitaRChina |
1.13 |
– |
– |
– |
– |
– |
– |
|
CDL Htrust |
0.83 |
2.52 |
– |
– |
– |
– |
– |
|
First REIT |
0.71 |
– |
– |
– |
– |
– |
– |
|
Fortune Reit HK$ |
4.75 |
|
|
|
– |
– |
– |
|
FrasersCT |
1.03 |
– |
– |
– |
– |
– |
– |
|
K-REIT |
0.98 |
1.39 |
– |
– |
– |
– |
– |
|
Indiabulls |
1.00 |
– |
– |
– |
– |
– |
– |
|
LMIR |
0.80 |
– |
– |
– |
– |
– |
– |
|
MapletreeLog |
0.68 |
0.96 |
1.18 |
– |
– |
– |
– |
|
MI-REIT |
1.20 |
– |
– |
– |
– |
– |
– |
|
MMP Reit |
0.98 |
– |
– |
– |
– |
– |
– |
|
Plife |
1.28 |
– |
– |
– |
– |
– |
– |
|
Saizen |
1.00 |
– |
– |
– |
– |
– |
– |
|
Suntec |
1.00 |
1.50 |
– |
– |
– |
– |
– |
Note:
1) Corrected at 11 June 2008
2) Recently updated is highlighted in Blue. Indiabulls IPO on 11 June 2008
Performance – May 2008
STI -8.31% : 3192.62 (May -08) vs 3482.30 (2007)
Rank – Capital Gains
|
REIT |
May-08 |
Dec-07 |
Gain |
|
PLife |
SGD$ 1.24 |
SGD$ 1.13 |
9.73% |
|
MMP |
SGD$ 1.20 |
SGD$ 1.10 |
9.09% |
|
Cambridge |
SGD$ 0.73 |
SGD$ 0.71 |
2.11% |
|
A-REIT |
SGD$ 2.45 |
SGD$ 2.46 |
-0.41% |
|
Suntec |
SGD$ 1.67 |
SGD$ 1.71 |
-2.34% |
|
CMT |
SGD$ 3.31 |
SGD$ 3.46 |
-4.34% |
|
Fortune |
HKD$ 4.98 |
HKD$ 5.21 |
-4.41% |
|
First REIT |
SGD$ 0.73 |
SGD$ 0.77 |
-5.84% |
|
AllCo |
SGD$ 0.84 |
SGD$ 0.90 |
-6.70% |
|
CCT |
SGD$ 2.25 |
SGD$ 2.44 |
-7.79% |
|
MapleTree |
SGD$ 1.00 |
SGD$ 1.09 |
-8.26% |
|
FrasersCT |
SGD$ 1.32 |
SGD$ 1.46 |
-9.59% |
|
MI-REIT |
SGD$ 0.96 |
SGD$ 1.10 |
-12.73% |
|
AscottREIT |
SGD$ 1.25 |
SGD$ 1.45 |
-13.79% |
|
Saizen |
SGD$ 0.75 |
SGD$ 0.89 |
-15.73% |
|
LMIR |
SGD$ 0.56 |
SGD$ 0.67 |
-16.54% |
|
CDL HTrust |
SGD$ 1.95 |
SGD$ 2.35 |
-17.02% |
|
K-REIT |
SGD$ 1.47 |
SGD$ 2.13 |
-30.99% |
|
CapitaRChina |
SGD$ 1.45 |
SGD$ 2.15 |
-32.56% |
NOTES :
- Not Adjusted for Rights or New Issues Which May Be at a Discount
- May-08 : End May-08 Mkt Price
- Dec-07 : End Dec-07 Mkt Price
- Gain : Capital Gains = (May-08 Mkt Price – Dec-07 Mkt Price) / (Dec-07 Mkt Price)
May 2008
Results Announcement
- 5-May-08 : Rickmers (Table Updated)
- 6-May-08 : PLife (Tables Updated)
- 6-May-08 : Fortune (Tables Updated)
- 6-May-08 : AllCo (Tables Updated)
- 8-May-08 : HWT (Table Updated)
- 12-May-08 : Saizen (Tables Not Updated – No DPU data)
- 21-May-08 : MI-REIT (Tables Updated)
- 28-May-08 : CitySpring (Tables Updated)
|
REIT |
Period |
DPU ct |
Price |
Yield |
NAV |
Assets Type |
|---|---|---|---|---|---|---|
|
LMIR |
Q1 : Mar-08 |
2.20* |
S$0.555 |
10.883% |
S$0.958 |
Malls – Indonesia |
|
First REIT |
Q1 : Mar-08 |
1.85 |
S$0.725 |
10.345% |
S$0.924 |
Hospitals + Hotel (Indonesia) |
|
MI-REIT |
Q4 : Mar-08 |
2.22 |
S$0.96 |
9.302% |
S$1.29 |
Industrial |
|
Cambridge |
Q1 : Mar-08 |
1.588 |
S$0.725 |
8.810% |
S$0.76 |
Industrial |
|
AllCo |
Q1 : Mar-08 |
1.60 |
S$0.835 |
7.689% |
S$1.44 |
Malls + Office (S’pore and Aust) |
|
MapleTree |
Q1 : Mar-08 |
1.90 |
S$1.00 |
7.600% |
S$0.90 |
Industrial |
|
AscottREIT |
Q1 : Mar-08 |
2.33 |
S$1.25 |
7.456% |
S$1.57 |
Serviced Apts (Regional) |
|
Saizen |
FY08 – IPO |
5.30 |
S$0.75 |
7.067% |
S$1.05 |
Residential (Japan) |
|
Fortune |
Q1 : Mar-08 |
8.79 |
HK$4.98 |
7.060% |
HK$8.91 |
Malls (HK) |
|
Suntec |
Q2: Mar-08 |
2.5185 |
S$1.67 |
6.065% |
S$2.23 |
Malls + Office |
|
A-REIT |
Q4 : Mar-08 |
3.69 |
S$2.45 |
6.024% |
S$1.80 |
Industrial |
|
MMP |
Q1 : Mar-08 |
1.76 |
S$1.20 |
5.900% |
S$1.59 |
Malls + Office |
|
CDL HTrust |
Q1 : Mar-08 |
2.86 |
S$1.95 |
5.897% |
S$1.58 |
Hotels |
|
FrasersCT |
Q2 : Mar-08 |
1.75 |
S$1.32 |
5.303% |
S$1.17 |
Malls |
|
PLife |
Q1 : Mar-08 |
1.62 |
S$1.24 |
5.234% |
S$1.34 |
Hospitals |
|
K-REIT |
FY08 – Rights |
7.53 |
S$1.47 |
5.122% |
S$2.29 |
Office |
|
CCT |
Q1 : Mar-08 |
2.59 |
S$2.25 |
4.631% |
S$2.79 |
Office |
|
CapitaRChina |
Q1 : Mar-08 |
1.02* |
S$1.45 |
4.593% |
S$1.05 |
Malls (China) |
|
CMT |
Q1 : Mar-08 |
3.48 |
S$3.31 |
4.230% |
S$2.21 |
Malls + Office |
NOTES :
- Mkt Price is as on 30-May-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
- MMP : 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 |
$0.410 |
9.463% |
$0.42 |
Shipping Trust |
|
FSL Trust |
Q1 : Mar-08 |
2.59 |
S$1.20 |
11.791% |
$0.88 |
Shipping Trust |
|
Rickmers |
Q1 : Mar-08 |
2.14 |
S$1.12 |
10.439% |
$0.96 |
Shipping Trust |
NOTES :
- All in US$ except for Rickmers and FSL Mkt Price (Yield Computed Using Latest Exchange Rate S$1.3658: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 |
$0.81 |
7.901% |
$0.81 |
Infrastructure – Water, Gas |
|
AscendasIndT |
2H : Mar-08 |
3.14 |
$1.10 |
5.709% |
$1.08 |
India – Industrial Park |
|
HWT |
Q1 : Mar-08 |
0.87 |
$0.73 |
4.767% |
$0.74 |
China – Water Plant |
NOTES :
- 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 – May 2008
New Data (Major Shareholders) for the Month
- 28-May-08 : CMT – Capital Group from 4.8031% to 5.2722% (23-May-08)
- 26-May-08 : MMP – AIA from 10.96% to 11.11% (21-May-08)
- 22-May-08 : MI-REIT – UBS from 12.2% to 11.99% (20-May-08)
- 13-May-08 : Fortune – Cohen from 6.007% to 5.857% (6-May-08)
- 10-May-08 : K-REIT – Temasek from 73.09% to 75.16% (8-May-08)
- 7-May-08 : MI-REIT – UBS from 13.18% to 12.86% (2-May-08)
- 6-May-08 : K-REIT – Temasek from 72.86% to 73.09% (30-Apr-08)
- 2-May-08 : K-REIT – Temasek from 73.04% to 72.86% (28-Apr-08)
- 2-May-08 : MI-REIT – UBS from 12.88% to 13.19% (29-Apr-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 9.8707% ; 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 5.2722% |
|
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% |
|
MMP |
S$2293M |
S$664M |
29.0% |
953,847,716 |
MacQuarie 26.3% ; Morgan Stanley 10.345% ; 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