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This is the fair value to sell back those unit they hold.
I guess slowly sell during up trend is better than dump and hurt all the shareholder.
After all, they are still holding a lot on hand..
Anyone know why the company keeps selling its units to the open market the last 2 weeks?
DATE FOR RELEASE OF SUNTEC REIT’S
FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED
31 DECEMBER 2011
The Board of Directors of ARA Trust Management (Suntec) Limited, the Manager of Suntec REIT, is
pleased to announce that Suntec REIT’s financial results for the year ended 31 December 2011 will
be released on Thursday, 19 January 2012 after market closes.
FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED
31 DECEMBER 2011
The Board of Directors of ARA Trust Management (Suntec) Limited, the Manager of Suntec REIT, is
pleased to announce that Suntec REIT’s financial results for the year ended 31 December 2011 will
be released on Thursday, 19 January 2012 after market closes.
No lor... this one got not much meat liao, try GLP or KepLd instead.
alexchia01 ( Date: 29-Nov-2011 22:11) Posted:
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I think can short SuntecReit tomorrow, if market allows.
Entry: $1.120
Stop-Loss: $1.165
Target: $1.030
More on my Blog at Alex Trades.
Good luck.
I heard that the new NS expressway will be eating away abit part of suntec city. Is it true? Will it affect the future assest value? Will future dividends be affected too?
Yes, I see ARA as an aggressive manager as it's listed thus, have to answer to shareholders.
As an investor for Suntec reits, I choose to see transparent as long as it can continue to deliver. I'm in for a stable/respectable yield. As long as its yield, eps and nav continue to grow over time without having for me to fork out extra $$ for RI, etc....I'll be contented and so far, it did. I won't expect it to be perfect.
One more thing that not many people know - Li Ka Shing owns ARA but nothing of Suntec Reits. Instead he owns the remaining 40% of office podium. Surely there is a conflict of interest here. When ARA source new tenants the good one goes to LKS - that explains why the reits hv not achieved 100% occupany for its offices.
Previously i bought in 2009 but divested in 2010 and waiting to re-enter when the dust settled. I foresee some rights issue coming soon b'cos of this uncalled for $400m splash.
Another Gem is ParkMall. If they sell it u know something is very wrong. ParkMall (@ DB MRT interchange) should apply to URA for rezone as residential-cum commercial use instead of solely commercial. As for Chijmes, it is a class of its own & u cannot find another location like this.
Good question. Sell a cash cow only for 150m and spend 400m to benefit other owners? The other thing I don like about Suntec Reit is the manager, ARA who is seems more interested in growing itself than the reit. Remember what Ho Ching said a few years ago alluding to management of this reit although it was not named.
Jackpot2010 ( Date: 17-Nov-2011 09:58) Posted:
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Should be in notes to accounts.
wendytan93 ( Date: 16-Nov-2011 23:01) Posted:
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very good question but too technical so hv to ask a CPA auditor whether paints, renovation etc can be capitalised or expensed off.
not many people know that Suntec reits do not own the entire 100% of Suntec City (~60% office podium but 100% of retail and exhibition ctr), so even if this upgrading is solely for exhibition centre, it will benefit other owners of offices (especially Li Ka Shing) at the expense of reits unit holders.
The nos. don't gel at all - why sell a Gem like Chijmes for a meagre sum of $150m to splash on $400m on paints etc. Chijmes is Unesco world heritage monument.
wendytan93 ( Date: 16-Nov-2011 23:01) Posted:
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I appreciate if anyone would enlight me how this 400m will be booked. Can it be consider as fix asset ? But this asset e.g. paint, wiring... can't be sold. But REIT asset value will increase.Its price/NAV will looks good.( a even bigger discount).
Besides how this $400m contract will be awarded ? In open tendering or their " own specialise" contractors. There are so many thing shall report to share holders. I will wait and see
There are many other REIT without UPGRADING plan with similar or better distribution yield. Your Money your choice
i find it so stupid to spend > $400m on refurbishing Suntec Intl Exhibition Centre. This money could be used to acquire another shopping mall with some gearing. Imagine they hv to sell Chijmes for only $150m to part-finance this refurbishment, a decision they will live to regret in future.
Thus why its px has underperformed vis-a-vis other Reits since news break.
I see great value in Suntec REIT in that it is trading way below NAV (35% discount), high dividend yield of close to 7%. Most importantly, the newly announced Asset Enhancement Initiatives very important in revitalizing the assets and upgrading DPU. See further analysis on
http://www.investinpassiveincome.com/value-in-suntec-reit-and-upside-potential-from-400m-asset-enhancement-initiative-at-suntec-city/
http://www.investinpassiveincome.com/value-in-suntec-reit-and-upside-potential-from-400m-asset-enhancement-initiative-at-suntec-city/
V likely. So as a small investor, we should do the needful... collect enough before the next uptrend.
I'm vested for dividends. Are you?
seanpent ( Date: 16-Nov-2011 09:52) Posted:
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hee ... block & accumulate ?
time to close short positions before some of these oversold stocks perform an expansion breakout like yanlord ?
will Suntec Reit catch up with CapMallAsia anytime soon ?