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SPHREIT
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SPH Reit
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MtFaber
Senior |
16-Sep-2013 14:50
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The selling pressure seemed to have died down meaning those IPO already taken profit. Chart looks good with double bottom. Only minus point is the relatively low volume. May trend up if interest comes back. Any one knows when SPHReit will distribute the first DPU payout? |
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NoMoney
Master |
27-Aug-2013 12:48
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vested but at high price =(. hope this will be like suntec reit some day |
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Octavia
Supreme |
27-Aug-2013 09:35
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Credit Suisse initiating coverage on SPH REIT with a NEUTRAL Call and $1.05 TP. Supportive sector fundamentals should continue to underpin rental growth, with healthy income growth (low unemployment) as well as a manageable supply outlook. Two Orchard Road malls, completing this year, are already 80-100% pre-leased Clementi Mall is supported by a strong catchment and good transport links. Further, growth is likely to be driven by acquisitions. SPH REIT has ROFR for SPH's (sponsor) Asia Pacific retail-focused assets. The Seletar Mall may be in SPH REIT's future pipeline. SPH REIT has the lowest gearing among SG-dominant retail REITs, at 27%, implying S$1 bn debt headroom assuming 45% gearing. SPH REIT trades on 5.5% FY14 yield (5.3% ex. income support). |
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