Ascott REIT   

Ascott Buy or Sell

Why is Ascott gaining strength? At a time when flights have not even resumed yet. 
Really scratching head over recent strength in hospitality

 

REITs chiong like no tmr.................

 

Vested at 0.98 today procrastinated when it was 0.92 last Friday :(

 

ART broke out!
https://mystocksinvesting.com/singapore-reits/3-singapore-reits-which-have-completed-v-shape-recovery/

 

High-yield REITs to face challenges as lockdowns are lifted

SINGAPORE (May 29): The hospitality sector continues to be the worst performing sector. Despite their pedigree, CDL Hospitality Trusts (CDL-HT) and Ascott Residence Trust (ART) ranked among the REITs with the highest yields (see chart 1), based on their historic DPUs. REITs with high yields have a problem in that their cost of capital is high and equity fund raising will be difficult. While the circuit breaker in Singapore will be gradually lifted from June and Europe has started to lift its lockdowns, tourism is unlikely to stage a quick recovery. Hence, the hospitality REITs may continue to trade at high yields this year.

 

Ascott Residence Trust buys Sydney serviced apartments for A$46m

THU, MAR 12, 2020 - 10:45 AM

ASCOTT Residence Trust (ART) has bought Quest serviced apartments in Sydney for A$46 million (S$41.5 million), which reflects a yield of mid 5 per cent.

The Quest serviced residence, in Sydney&rsquo s second-largest business district of  Macquarie Park, will fall under a master lease agreement and add to the stapled group' s stream of stable income, said Beh Siew Kim, chief executive of ART' s managers on Wednesday. 

The annual rent under the master lease agreements provides an  Ebitda (earnings before interest, tax, depreciation and amortisation) yield of mid 5 per cent. It is also indexed at a 4 per cent increase each year, subject to a periodic market review, she added.

The off-market sale was negotiated by Savills Australia on behalf of seller Tuggeranong Valley Rugby Union and Sports Club.

The property, located at 71 Epping Road, Macquarie Park, is 14.7 kilometres from Sydney' s central business district.

https://www.businesstimes.com.sg/companies-markets/ascott-residence-trust-buys-sydney-serviced-apartments-for-a46m

 

After merger in Jan 2020 this counter' s price movement and trading volume is very steady...keeps ticking upwards in line with recent sector rotation into REITS. Something is brewing? Fundamentals under Ascott and Capitaland brand have always been very strong.

 

old timer? 

cobrajr      ( Date: 06-Jan-2020 12:35) Posted: Did tis counter change name?

 

Did tis counter change name?

 

Why got suspended?

 

Still can buy this

 

Maybank KE :

12m Price Target  : $1.40
 

TANPK123      ( Date: 15-Dec-2019 22:27) Posted: What's the TP now

 

Hmm... Merging with Capitaland... Will their dividend become like Capitaland?

Starship      ( Date: 03-Jul-2019 11:40) Posted: CapitaLand to merge Ascott Reit, Ascendas unit to form Asia-Pac' s largest hospitality trust WED, JUL 03, 2019 - 9:04 AM   UPDATED WED, JUL 03, 2019 - 9:47 AM CAPITALAND will combine Ascott Residence Trust (Ascott Reit) and Ascendas Hospitality Trust (A-HTrust) to make the  largest hospitality trust in the Asia-Pacific  and the eighth biggest  globally, with a total  asset value of S$7.6 billion. The combined entity will  also be the seventh largest trust  listed on the Singapore Exchange by asset value, both Reits said in a bourse filing on Wednesday. The merger creates an enlarged portfolio of 88 properties with more than 16,000 units in 39 cities and 15 countries across Asia-Pacific, Europe and the US. It will also diversify Ascott Reit& rsquo s global portfolio and give it access to the cities of Brisbane and Seoul. " With access to a larger capital base and a higher debt headroom of about S$1 billion, we will have greater financial flexibility to seek more accretive acquisitions and value enhancements," said  Bob Tan, Ascott Residence Trust Management Limited& rsquo s chairman. " The combined entity can then be strategically positioned to potentially enjoy a positive re-rating of the unit price and gain a wider investor base, which would be beneficial to all our unitholders."     The consideration for the proposed merger is about S$1.2 billion, comprising S$61.8 million in cash and 902.8 million new units of the new enlarged entity, Ascott Reit-BT. Through a trust scheme of arrangement, Ascott Reit will acquire all A-HTrust units for S$1.0868 per  unit, comprising S$0.0543 in cash and 0.7942 Ascott Reit-BT units issued at a price of S$1.30. CapitaLand owns  about 45 per cent and 28 per cent of units in Ascott Reit and A-HTrust  respectively. Once the merger deal is completed, CapitaLand expects to have a 40.2 per cent stake in Ascott Reit-BT. Ascott Reit will create a new entity called Ascott Hospitality Business Trust (Ascott BT), with all of  Ascott Reit' s units combined with Ascott BT units to form a stapled trust, Ascott Reit-BT. A-HTrust becomes an unstapled trust, with Ascott Reit acquiring all  A-HTrust Reit units and Ascott BT acquiring all A-HTrust BT units. A-HTrust will delist following the merger. https://www.businesstimes.com.sg/companies-markets/capitaland-to-merge-ascott-reit-ascendas-unit-to-form-asia-pacs-largest

 

What's the TP now

 

Last:1.35      Vol:18889k        +0.03
broke out from long consolidation today
further upside
gd luck dyodd

 

Finally see something liao

CheeryVGoh      ( Date: 07-Jul-2019 18:57) Posted: UOB KH has a BUY Price Target of $1.46.  TANPK123      ( Date: 06-Jul-2019 17:49) Posted: What's that mean

 

UOB KH has a BUY Price Target of $1.46. 

TANPK123      ( Date: 06-Jul-2019 17:49) Posted: What's that mean ? CheeryVGoh      ( Date: 06-Jul-2019 15:32) Posted: UOB KH  ON 04/07/2019 : Maintain Buy TP : 1.46

 

What's that mean ?

CheeryVGoh      ( Date: 06-Jul-2019 15:32) Posted: UOB KH  ON 04/07/2019 : Maintain Buy TP : 1.46        TANPK123      ( Date: 06-Jul-2019 12:53) Posted: Slowly and stable

 

UOB KH  ON 04/07/2019 :
Maintain Buy TP : 1.46   

 
 

TANPK123      ( Date: 06-Jul-2019 12:53) Posted: Slowly and stable

 

Slowly and stable