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Keppel REIT
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miaomead
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31-Aug-2021 21:59
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how come the price dropped so much recently ? today another 3 cents, close to 3%. i started to buy from S$1.10, so sad that i will need to suffer for some weeks or hopefully not months | ||
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halleluyah
Supreme |
31-Aug-2021 11:40
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funds has been selling....
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PhillipTan
Supreme |
31-Aug-2021 11:15
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Don' t see any negative for KREIT Could the drop be due to the SPH takeover?  |
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Stocky901
Supreme |
31-Aug-2021 11:04
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Lau sai again. Below $1.00 soon. 🤐 | ||
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PhillipTan
Supreme |
28-Aug-2021 00:35
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A lot of buy signals starting to get triggered already such as Bollinger, Donchian, RSI going below 30 etc Should be time to consider accumulating DYODD though |
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Lobster
Elite |
27-Aug-2021 18:35
Yells: "Even Adam Khoo believes in the Black Market!" |
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This guy runs road as the stock kenna battered ... $1.00 possible. Vested.
KEPPEL Reit' s manager announced on Friday that its chief executive officer (CEO) Paul Tham will step down on Oct 20 to pursue other opportunities. While Keppel Reit Management' s board evaluates potential CEO candidates, deputy CEO and head of investment Shirley Ng will be acting CEO, subject to regulatory approval. Prior to her appointment as head of investment of the Reit' s manager in June 2018, she was senior vice-president of portfolio management at Alpha Investment Partners, a private fund management arm of Keppel Capital. Chairman of Keppel Reit Management Penny Goh expressed the company' s appreciation to Mr Tham for his contributions to the Reit, and said that his execution of the Reit' s active portfolio optimisation strategy has put it in a stronger position to deliver sustainable total returns to unitholders. |
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Lobster
Elite |
20-Aug-2021 17:24
Yells: "Even Adam Khoo believes in the Black Market!" |
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Queue for $1.10, $1.08, $1.06... withdrew all, when saw the selling pressure mounting. got to wait and see.
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Stocky901
Supreme |
20-Aug-2021 13:50
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Will price drop after the distribution by brainless KC? | ||
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Lobster
Elite |
20-Aug-2021 13:08
Yells: "Even Adam Khoo believes in the Black Market!" |
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Approaching my buy target of below $1.10. Touched $1.10 this morning. vested. pdyohwadfmb |
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PhillipTan
Supreme |
13-Aug-2021 09:26
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Keppel REIT' s potential acquisition of SPH REIT could be yield accretive: UOB KHKeppel REIT' s potential acquisition and/or merger with SPH REIT is expected to be yield accretive for the former, according to UOB KayHian.This comes after Keppel Corp proposed the privatisation of Singapore Press Holdings (SPH). Keppel Corp currently owns a 20% stake in Keppel REIT, while SPH currently owns a 65% stake in SPH REIT. SPH REIT has a portfolio of local properties such as Paragon, The Clementi Mall and The Rail Mall. Its portfolio also includes Australian properties, such as Figtree Grove in Wollongong and Westfield Marion in Adelaide. UOB KH says KREIT could also acquire SPH' s Seletar Mall and The Woodleigh Mall (under construction), which could form part of its future sponsor pipeline. However, hospitality assets, such as purpose-built student accommodation (PBSA), are unlikely to be injected into Keppel REIT given that PBSA is a different asset class. " Keppel REIT is unlikely to dabble with SPH' s PBSA properties," UOB KH analyst Jonathan Koh writes in a note dated Aug 12. UOB KH has maintained its distribution per unit forecast. It has kept its " buy" rating for the REIT with an unchanged target price of $1.49. As at 2.54 pm, Keppel REIT was up 1 cent or 0.9% at $1.14 with about 4 million shares changed hands. |
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Lobster
Elite |
05-Aug-2021 12:41
Yells: "Even Adam Khoo believes in the Black Market!" |
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Oh no, fr what I heard, the black market is targeting SPH REITS at below 0.80 and also valuing KEPPEL REITS lower....KC/SPH may be underestimating the sentiments on the ground by pegging the value of both reits at around 0.715 in the takeover offer. For me, it just KC tweaking the value to lessen the dilution of both set of shares. People are forgetting that shareholders are getting a host of assets in return, and the company did say, the takeover will be earnings accretive, dividends accretive and nav enhanced. Fortunately the window for the takeover is short (by end of the year). Closer to the EGM, we will expect all shares of the companies to strengthen. I agree that the merger of SPH REIT and KEPPEL REIT is expected to merge into a mega REITs, cutting down management and operating costs, and putting it in better position to negotiate for better deals, whether in terms of more acquisitions, or debt financing or attracting quality investors, etc.... it would be the impetus to bring the price to greater heights amidst active trading. Both REITS are slow movers in trading prior to this takeover news. Will add more if fall to this lower level vested in both. Pdyohwadfmb |
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PhillipTan
Supreme |
05-Aug-2021 01:25
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PhillipTan
Supreme |
05-Aug-2021 01:24
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And then become KS REIT True blue singaporean style 
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Goldblade
Senior |
04-Aug-2021 18:16
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Is a merger between Keppel REIT and SPH REIT on the cards? DBS seems to think sohttps://www.theedgesingapore.com/capital/brokers-calls/merger-between-keppel-reit-and-sph-reit-cards-dbs-seems-think-so |
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PhillipTan
Supreme |
03-Aug-2021 15:45
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Strong support at 1.13 | ||
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coco66
Member |
03-Aug-2021 15:12
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Is anyone holding contrarian view and accumulating? | ||
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Goldfinger
Supreme |
03-Aug-2021 10:04
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Poor thing - getting hammered. Mr Market is not happy.
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PhillipTan
Supreme |
03-Aug-2021 10:02
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How much will KREIT keep dropping because of this? |
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PhillipTan
Supreme |
02-Aug-2021 09:34
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Keppel Corp makes S$3.4 billion offer for SPH' s non-media businessKeppel Corporation on Monday made a privatisation offer for Singapore Press Holdings' (SPH) non-media business through a scheme of arrangement. The deal values SPH at S$3.4 billion with Keppel' s share of the deal totalling S$2.2 billion.Under the scheme, shareholders will receive a total consideration of S$2.099 per share. This will comprise cash of $0.668 per share, 0.596 Keppel Reit unit valued at S$0.715 per unit, and 0.782 SPH Reit units valued at S$0.716 per unit from a distribution in-specie by SPH. The scheme is subject to approval by SPH and Keppel shareholders, as well as other conditions and regulatory approvals. If the deal is approved, SPH, which publishes The Business Times, will be delisted and will become a wholly owned subsidiary of Keppel. Keppel will hold stakes of about 20 per cent in both SPH Reit and Keppel Reit. The offer price represents a 39.9 per cent premium to the last traded price of S$1.50 per share before a strategic review of SPH' s businesses was announced on March 30. It is also an 11.6 per cent premium to the last traded price of S$1.88 per share on July 30, and a 21.4 per cent premium ot the three-month volume weighted average price of S$1.729 per share. The offer price is also equivalent to SPH' s adjusted net asset value per share excluding the media business. Shareholders will also receive any final dividend that may be declared by the board for FY2021. SPH said in a press statement that it had reviewed various strategic options, including maintaining the status quo, monetisation of certain assets, a partial sale, or privatisation of SPH post-media restructuring. To maximise value and minimise disruption for shareholders, the board had concluded that privatisation of the entire company would be the preferred solution. " It derives a better valuation outcome for all shareholders where a control premium is paid for the entire company," the company said. It will also avoid a situation in which prime SPH assets are cherry-picked, leaving SPH with its existing debt and the risk of being unable to monetise its remaining assets. Receiving SPH Reit units and Keppel Reit units would allow shareholders to participate in the recovery upside of the retail and commercial property sectors at attractive dividend yields, SPH added. The scheme will only take effect upon a successful completion of the proposed media restructuring. SPH had in May announced a plan to transfer its media business to a company limited by guarantee (CLG), amid the ongoing challenge of falling advertising revenue. The transfer of the media assets to the CLG is subject to SPH shareholders' approval at an extraordinary general meeting (EGM) expected to be convened in August or September this year. Should it be approved at the EGM, the competion of the restructuring is expected to occur by December. SPH will appoint an independent financial adviser for the independent directors, who will make their final recommendation to shareholders on the Keppel scheme. SPH also intends to seek consent from noteholders through a consent solicitation process in relation to certain terms and conditions of the notes and the trust deed constituting the notes. It will run a formal consent solicitation exercise and details will be provided in due course. This consent of noteholders is, however, not a condition for the scheme. Credit Suisse is the financial advisor while Allen and Gledhill is the legal advisor to SPH for the strategic review and the proposed transaction. Said SPH' s chief executive officer Ng Yat Chung: " The outcome is the result of a strategic review process that has taken place over many months. We took the first step with the media restructuring to ensure a sustainable future for the media business, while removing the losses from SPH. The next step was a thorough process to unlock and maximise value for all shareholders for the remaining company. With the privatisation offer from Keppel, shareholders now have an opportunity to realise the value of their SPH shares at a premium." |
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PhillipTan
Supreme |
02-Aug-2021 09:25
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Trading halts called for Keppel Corp, Keppel Reit, SPH and SPH ReitFour counters - including Keppel Corporation and Singapore Press Holdings - called for trading halts on Monday morning pending announcements.Keppel Corp, Keppel Reit, SPH and SPH Reit had called the trading halts within minutes of each other before the market opened on Monday. All four counters closed higher on Friday. Keppel was up 1.9 per cent or S$0.10 to S$5.49, while Keppel Reit was up 0.8 per cent or S$0.01 to S$1.20. SPH gained 1.1 per cent or S$0.02 to end the week at S$1.88 and SPH Reit rose 0.6 per cent or 0.5 Singapore cents to 91.5 cents. In May, SPH, which publishes The Business Times, proposed a restructuring intended to preserve and grow its media business while allowing shareholders of the company to see better values for their shares over time. The proposed deal involves a transfer of the media business to a company limited by guarantee (CLG). This structure will allow any future profits from the media business to be reinvested into the media operations rather than distributed to shareholders. Former Cabinet minister Khaw Boon Wan has agreed to be the chairman of the CLG. SPH and Keppel have several ties. The two companies previously shared a common chairman: Lee Boon Yang. Mr Lee stepped down as chairman of the conglomerate in April this year, after close to 12 years helming its board. Both companies also own stakes in Singapore telco M1, following a buyout in 2019. In 2020, SPH and Keppel set up a joint venture (JV) to develop and operate data centre facilities at SPH' s Genting Lane property. SPH announced at the time that it will hold 40 per cent of the JV company, named Memphis 1, while units of Keppel will hold the remaining 60 per cent. |
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