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Sasseur Reit
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teeth53
Supreme |
24-Jul-2022 16:48
Yells: "don't learn through life, learn to grow with life " |
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Worth the bid. Oni $2/- n no need to pay any commission n any others fees.
Where else others IPO have to bid alot more just to secure some limited share.
👍 Will. I still holding to my 4,000 Share pro bono.
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teeth53
Supreme |
24-Jul-2022 16:32
Yells: "don't learn through life, learn to grow with life " |
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👍 Demand from book building was season hot as first mall REIT, yield was set original@7%, were eventually moved to 7.5% after initial book building.
Cornerstone Investors interest.
Cornerstone investors subscribed for 228,437,500 million share (separate from this offering) and will own 19.4%. Well known names, cornerstone investors include JD.com, and CKK Holdings (owner of Charles & Keith group).
Note -- CKK Holdings is local popular established brand name (CK were setup by two brothers) here in S'pore, with more than 500 stores world wide currently. They also owned Pedro brand with 105 stores in n around Asia Pacific.
The Sponsor will to hold@least 50% of the Mall REIT, showing an alignment of longer term interest. Public will hold 25.3 % after IPO in this REIT.
Sasseur REIT launched a $396m initial public offering (IPO) with a market capitalisation of $944.2m. It is poised to be first outlet mall REIT to be listed in Asia,
According to an announcement, it is offering of 266,562,500 units, including 13,750,000 units for the public offer at a price of 80 cents. This currently the biggest IPO listing in the Singapore Exchange so far this year, Thomson Reuters data revealed.
REIT said 12 cornerstone investors committed to subscribe for approximately 46.1% of the gross proceeds. Some of the investors comprise JD.com?s subsidiary Adroit Ideology Limited, Bangkok Life Assurance Pcl., CKK Holdings Pte. Ltd., Credit Suisse, DBS Bank, n DBS Vickers Securities (S) Pte. Ltd.
Sasseur REIT chairman and non-executive director Xu Rongcan said, ?This attests to Sasseur REIT?s unique investment proposition which offers investors the opportunity to benefit from the strong growth potential in the fast-growing outlet mall industry driven by the growing consumption power of the expanding middle-class population in the People?s Republic of China (PRC).?
Sasseur REIT has an initial portfolio comprising four properties across three cities in the PRC: Sasseur (Chongqing) Outlets and Sasseur (Bishan) Outlets in Chongqing City, Sasseur (Hefei) Outlets in Hefei City, Anhui Province, and Sasseur (Kunming) Outlets in Kunming City, Yunnan Province. These have a Net Lettable Area (NLA) of approximately 304,573.1 sqm and an appraised value of $1.5b.
👍 👍 👍 The😘 REIT expects annualised distribution yield of 7.5% in 2018 and 7.8% in 2019.
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teeth53
Supreme |
24-Jul-2022 15:25
Yells: "don't learn through life, learn to grow with life " |
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Reminding investors to stay selective amid a challenging outlook, Natarajan says: Despite rising macroeconomic risks and inflationary pressures.
S-REITs expect to register positive DPU growth in 2022. While volatility is expected to increase, believe selective REITs are currently trading at attractive valuation, offering good long-term entry...😘 CRPU.SI - Sasseur...👍 PE ratio X7.65
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teeth53
Supreme |
24-Jul-2022 15:08
Yells: "don't learn through life, learn to grow with life " |
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If China follows western ways of governance, the covid-19 dead toll should at least reaching 5 millions given China a densely populated country.
However China adopts zero covid tolerance policy by itself is a higher form of protecting human right and freedom. Over a long run, 👍 China economy will surpass the western world. Why Western Media predictions on China were mostly wrong in past decade Ideological bias, problematic political science cause failed forecast. When commenting on China, some in the West only see a country constantly at the cusp of crisis, ranging from predictions of a " China hard landing" or " China collapse," to " COVID is China' s Chernobyl moment" and " the end of Communist Party of China' s (CPC) rule." Over the past decade, whenever China encountered difficulties and challenges, some Western politicians, scholars and so-called China experts always repeat wild prophecies about the fate of China and the CPC. Needless to say, none was even remotely right. Far from it, China under the leadership of CPC has overcome various challenges, become stronger than ever and is closer to the center of the global stage than ever. Even under the impact of the COVID-19 pandemic, China has showed a much better performance than the West in saving lives and controlling the epidemic since the beginning, and its economic growth is still faster than most major economies, Chinese experts said. The wrong predictions about China in the past decade have shown an interesting trend of Western understanding of China:....... from downplaying China' s development and exaggerating the problems that China has, to recognizing the fact of China' s rise, and now to the anxiety of how to deal with a powerful China with a unique political systes. 😘 China culture that is very different from the West. In other words, from the China Collapse Theory to the China Threat Theory, said analysts. The " China collapse theory" is a typical example of wrong Western predictions about China, and there are quite a number of Western scholars who used to or still hold these opinions.
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goodsport
Member |
27-Jul-2018 14:34
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Date For Release Of Financial Results Of Sasseur Real Estate Investment Trust For The Financial Period Ended 30 June 2018 The Board of Directors of Sasseur Asset Management Pte. Ltd., as manager of Sasseur Real Estate Investment Trust (&ldquo Sasseur REIT" ), would like to announce that the financial results of Sasseur REIT for the financial period from 28 March 2018 to 30 June 2018 will be released on Monday, 6 August 2018 before trading hours. http://investor.sasseurreit.com/news.html/id/670239 Notice (PDF): hattp://investor.sasseurreit.com/newsroom/20180720_173347_CRPU_2RY9VLITM5FQ2W35.1.pdf |
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Starship
Supreme |
14-Apr-2018 11:52
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As required in their stabilisation contract, DBS continues to buy up the shares that sellers throw daily. But I will no longer update the transactions as all my previous posts are sufficient to highlight the risks of this counter to potential/present/current/future investors. Caveat Emptor. |
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Jamesbond007
Veteran |
14-Apr-2018 10:37
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Agree. Reits are catered more to income generating out of rentals for long term. Preferred choice for retirees. How did or does dgx orotdct them with such risky and unwise ipo? Doubt if HKSE would evrr approve it.
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teeth53
Supreme |
14-Apr-2018 08:54
Yells: "don't learn through life, learn to grow with life " |
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Rather fair Positives comment - http://aspire.sharesinv.com/54906/si-research-should-you-buy-into-sasseur-reit/ Sasseur REIT has managed to entice a number of reputable cornerstone investors. |
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teeth53
Supreme |
14-Apr-2018 08:48
Yells: "don't learn through life, learn to grow with life " |
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http://aspire.sharesinv.com/54906/si-research-should-you-buy-into-sasseur-reit/ Just an alternative view - Strong Macro Trends To Ride On One of the growth stories for premium outlet malls in China is the strong preference for high-quality branded luxury goods of the Chinese. Having witnessed the growing number of Chinese tourists in UK&rsquo s Bicester Village and France&rsquo s La Vallé e Village (both premium retail outlet malls), Driving the Chinese demand for luxury goods is none other than the rising affluence and spending power of its middle class. |
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FaceTheFact
Member |
12-Apr-2018 13:03
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Thanks. I run first... Lease balance of assets only 29-36 years, very short WALE of 1+ years & non-compliance of land use rights. These are all major issues. I wonder how SGX allow such listings on its platform? |
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Starship
Supreme |
12-Apr-2018 11:58
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Grim articles about this counter keeps coming......................... http://aspire.sharesinv.com/54906/si-research-should-you-buy-into-sasseur-reit/ |
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Jamesbond007
Veteran |
11-Apr-2018 21:44
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Deep trouble ahead. how did it get listed with such complicated set up. make unithollders at their mercy. |
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Starship
Supreme |
11-Apr-2018 21:21
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Latest stabilisation purchase by DBS. Had to buy up virtually all the units sellers threw. They bought 1,819,200 out of the total 2,438,900 traded......... Date of Purchase : 11 April 2018 Total number of Units purchased : 1,819,200 Units Price of Purchase : S$0.80 |
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Starship
Supreme |
10-Apr-2018 22:09
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Latest stabilisation purchase by DBS. They bought 1,908,200 out of the total 3,769,800 traded......... Date of Purchase : 10 April 2018 Total number of Units purchased : 1,908,200 Units Price of Purchase : S$0.80 |
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Starship
Supreme |
10-Apr-2018 09:55
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Latest stabilisation purchase by DBS. What a joke, they had to buy up nearly everything that were sold. They bought 738,500 out of the total 936,100 traded......... Date of Purchase : 9 April 2018 Total number of Units purchased : 738,500 Units Price of Purchase : S$0.80 |
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Starship
Supreme |
05-Apr-2018 18:54
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Latest stabilisation purchase by DBS. And look at the Humongous Amount they had to purchase. They bought a huge 1,486,400 out of the total 3,874,700 traded today......... Date of Purchase : 5 April 2018 Total number of Units purchased : 1,486,400 Units Price of Purchase : S$0.795 http://infopub.sgx.com/FileOpen/Sasseur%20REIT-%20Stabilisation%20Announcement%20-%205%20Apr%202018.ashx?App=Announcement& FileID=496311 |
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kirbably
Member |
05-Apr-2018 15:20
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One day you see the queue disappear, tts when its shorting time
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Starship
Supreme |
05-Apr-2018 15:02
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There' s always a 10m bid (buy) queue. That must be DBS preventing the price from falling into the abyss. | ||
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jamesng
Master |
05-Apr-2018 08:42
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Seems obvious that this reit will fall quite low soon. Thought of buying initially as yield is good. Anyone of any suggestion of a good reit? |
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Starship
Supreme |
04-Apr-2018 21:58
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Think they are smarter than that. In the near future, there will suddenly be rosy news and even rosier forecasts. Analysts will tout BUY, ADD, OVERWEIGHT etc. Stock price will suddenly head for the moon, sucking in retail investors who rush to buy/trade out of fear of missing out. And so, these shares will pass on to retail investors at high. And retail investors end up holding the bag. And the BBs open Champagne and laugh all the way to the bank (actually to their own bank).
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