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Recent prices have been falling. Looking attractive now.
DId anyone buy some?
Who would have thought reit manager needs to issue rights.
I guess since most of the fees collected are in scripts, they feel its better to raise capital via rights than to sell them cheap in the depressed open market now.
Goldfinger ( Date: 14-Nov-2015 17:24) Posted:
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eGolden ( Date: 19-Aug-2015 12:21) Posted:
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Fair value around $1.4, but don t think it will go down that far.
helloisme ( Date: 04-May-2015 13:39) Posted:
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dropped quite abit like the rest of the mkt
Thinking of parking some money here .... but the price seem to a bit " high" now ....
What is the " good" price to enter ?
Back to the same closing price and just refuse to go lower to collect somemore.
Someone is seeling to buyer at 1.59 100 shares by 100 shares keeping it at this level. If come down some more, will accumulate.
Kind of strange, trading volume of above 1 million shares with dropping prices and no one is giving any comment on this counter.
Any ideas why the price is going down?
tasidev ( Date: 18-Jan-2015 04:40) Posted:
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Down by 1.5 Mio shares: Lim Hwee Chiang has dumped more than 20% of his part in ARA. Gave him 2.52Mio S$, no he would get 53k S$ less. Coincident?
Kyoto2008 ( Date: 06-Nov-2014 22:41) Posted:
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Price went back up.
Noone fools with Li Ka Shing' s stocks.
Wah, kenna slammed down hard. This is Li Ka Shing' s territory. Sold off a long time ago. Only heard Ara' s disadvantaged by the new rules on Reits.
monkey80 ( Date: 05-Nov-2014 18:33) Posted:
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In a day when mkt is down, Ara Asset Management managed to put on a 2.5 cents gain.
Impressive set of quarterly results released recently.
Vested two day' s ago.
Good stock to vest..buy on dip
gd luck dyodd
Confident in meeting 2013 targets
1Q13 results in line high earnings quality
of hitting S$2bn AUM target
Private funds deploying capital management confident
uplift in earnings in the near term
REITs likely to embark on acquisitions, presenting an
HOLD maintained, TP S$1.95 (S$1.76 after 1-for-10 bonus)Highlights
1Q13 results in line. ARA Asset Management (ARA) Limited
reported topline of S$32.2m for the quarter, a 6% drop y-o-y.
Despite this dip, which was largely due to lower acquisition fees (-
76% drop y-o-y to S$0.9m) and a decline in finance income (-36%
to S$4.5m), the group’s core recurring earnings (management fees
from its REITs and private funds) grew by 15% y-o-y to S$26.6m.
Private funds deploying capital management is confident of hitting
2013 AUM growth target of S$2bn. Management is confident of
hitting its target of growing assets under management (AUM) by
S$2bn in 2013 and initiatives are underway to meet that target. The
group should be able to meet the target through a variety of sources
and management is looking to launch 1 new REIT and 1 new Private
Equity fund over the coming quarters. On that front, we may see the
group re-launching their plans to list Dynasty REIT, with an initial
portfolio consisting of assets from its managed Asia Dragon Fund 1.
In addition, we understand that ARA has deployed 70% of the
capital in ADF2 and will be looking to launch the third fund of this
Asia Dragon series in 2014. CIP fund, anchored by Calpers, is also
expected to start investing in a number of assets in the coming
quarters.
REITs to continue acquiring and contribute to recurring earnings.
Apart from providing a steady base of recurring earnings given that
most of its REITs have seen compression in yields and are trading at
levels where they can acquire more aggressively . Management sees
Fortune REIT, Suntec REIT and Cache Logistics Trust as frontrunners
in the acquisition game in the coming quarters. When executed,
these REITs will offer near term earnings uplift (through acquisition
fees) and higher recurring income thereafter through an enlarged
AUM.
HOLD maintained, TP S$1.95 (adjusted to S$1.76 post 1-for-10
bonus). While we like ARA for its strong earnings quality and
transparent earnings stream, we note that the group currently trades
in line with global asset managers which average c17x-18x PE. Our
SOTP target price is based on (i) 18x PE on FY13/14F earnings for its
fee income business, and (ii) marked to market valuation for its
REITs. TP is adjusted slightly to S$1.95 (S$1.76 post bonus issue,
expected to go ex on 14/05/13).
Cheung Kong, CEO John Lim cut stake in ARA Asset
Property fund management firm ARA Asset Management said on Wednesday its two largest shareholders, CEO John Lim and Hong Kong billionaire Li Ka-shing’s Cheung Kong Holdings, have CUT their stakes in the Singapore-listed firm.
JL Investment Group, a firm controlled by Lim, said in a corporate disclosure its deemed interest in ARA will fall to 32.4% from 36.45% once the share sale is completed. Together, JL and Cheung Kong will continue to control a substantial stake of 46.98% in ARA, according to the regulatory statement.
Cheung Kong, Li’s Hong Kong-listed flagship property firm, held 15.6% of ARA as at Aug 22, 2011, according to ARA’s website.
ARA, which manages $20.8 billion in property assets as at end-March, said the sale of shares of by its two shareholders “is to enhance the trading liquidity of ARA shares and to meet investors’ strong demand for ARA shares”