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SB REIT NAV is $ 0.80 , current price is trading below NAV
SB REIT 's NAV is $0.80 , current market price is more than 10% discount to NAV
Within 30 days, Citigroup, DBS and OCBC can still act
Stabilisation
In connection with the Offering, the Stabilising Manager (or
persons acting on behalf of the Stabilising Manager) may, in
consultation with the other Joint Bookrunners and at its discretion,
over-allot or effect transactions which stabilise or maintain the
market price of the Units at levels which might not otherwise prevail
in the open market. However, there is no assurance that the
Stabilising Manager (or persons acting on behalf of the Stabilising
Manager) will undertake stabilising action. Such transactions may
be effected on the SGX-ST and in other jurisdictions where it is
permissible to do so, in each case in compliance with all applicable
laws and regulations (including the SFA and any regulations
thereunder).
Such transactions may commence on or after the date of
commencement of trading in the Units on the SGX-ST and, if
commenced, may be discontinued at any time and shall not be
effected after the earlier of (i) the date falling 30 days from the
commencement of trading in the Units on the SGX-ST (ii) the date
when the Stabilising Manager (or any of its affiliates or other
persons acting on behalf of the Stabilising Manager) has bought on
the SGX-ST an aggregate of 56,307,000 Units representing not
more than 9.6% of the total number of Units in the Offering, to
undertake stabilising actions. (See ?Plan of Distribution ? Over-
Allotment and Stabilisation? for further details.)
Hi satans,
Hope to see u more in SJ, share n continue to contribute here too. Regardless good or bad oso can. Info is for sharing ur thought. thk
IPO-ing. what U should look out for...
Beside UOB and or UOB Kayhian. Prime Partner is also the premier source for IPO's and U can ask ur rich frens to offer a good packages.
satans ( Date: 17-Aug-2013 13:14) Posted:
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A brief comparism betweuoben Soilbuild Construction n Soilbuild reit..
Soilbuild Construction is managed by UOB as issue mgr n joint under is UOB n OCBC bank, while
Soilbuild REIT is manage by Citigroup Inc., DBS Group Holdings Ltd. (DBS) and OCBC.
teeth53 thot - leaving out UOB may leaving some players out and it first day trading rresponse went under water.
It's also due to bad mkt in Asian bourses trading in RED, following Dow droping more then 200 points.
Mkt is timing is important whereby IPO mgr cannot determine.
Isit a good time to collect..?.
wait... both reporter and editor FTs??? wah kao...
sillllyporeams not good enuff??? need them to cover up or down??
kan nii niah... )
x1uhu1 ( Date: 17-Aug-2013 17:51) Posted:
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Soilbuild Business Space REIT Drops in Debut: Singapore Mover
By Pooja Thakur
August 16, 2013
Soilbuild Business Space REIT (SBREIT), whose assets include business parks and industrial properties in Singapore, fell in the city-state?s biggest initial public offering since May, tracking declines in the broader market.
The shares opened at S$0.77 at 2 p.m. local time and dropped as much as 7.7 percent to S$0.72 compared with the IPO price of S$0.78 apiece. The REIT raised S$626.7 million ($494 million), offering 586.5 million units. Lim Chap Huat, co-founder of Soilbuild Group Holdings Ltd., the developer which partly owns the REIT, pledged to buy an additional 216.9 million units, according to a preliminary prospectus. The public offer was approximately 5.4 times subscribed, a company statement yesterday showed.
?I would attribute the decline to the market weakness today,? Tricia Song, an analyst at Barclays Plc in Singapore, said. ?Soilbuild had a decent response to the IPO.?
Stocks in Asia fell with Singapore?s benchmark Straits Times Index dropping as much as 1.3 percent, while bond risk rose after an unexpected drop in U.S. jobless claims fueled speculation the U.S. Federal Reserve will cut stimulus. Property trusts in the island-state face refinancing risks when borrowing costs rise, which may force them to sell assets or shares to boost their funding, Fitch Ratings said in March.
Soilbuild REIT?s initial portfolio holds seven properties, comprising two business park developments and five industrial projects, with a net leaseable area of about 3 million square feet.
Business Parks
Of the estimated S$928.8 million raised from the IPO, the units subscribed by Lim and a term loan facility, S$820.5 million will be used to pay for Solaris business park, Eightrium @ Changi Business Park, Tuas Connection and West Park BizCentral, the company said in a statement yesterday. Another S$84.8 million will go toward repaying existing private-trust debt and the balance for the payment of IPO-related costs and working capital.
REITs and business trusts were the biggest fundraisers in Singapore?s IPO market in the past year, according to data compiled by Bloomberg. Soilbuild REIT offers a dividend yield of 7.7 percent based on projections for fiscal 2014. That compares with an average yield of 3.24 percent for the Straits Times Index.
Citigroup Inc., DBS Group Holdings Ltd. (DBS) and Oversea-Chinese Banking Corp. managed the offering.
To contact the reporter on this story: Pooja Thakur in Singapore at [email protected]
To contact the editor responsible for this story: Andreea Papuc at [email protected]
satans ( Date: 17-Aug-2013 15:51) Posted:
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a word of caution, if price still drops, then 100% sure confirm safe to short big big!!! huat ahhhhhhhhhhhhhhhh........ monday we will know.........
satans ( Date: 17-Aug-2013 15:51) Posted:
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Wow... monday sure gap up!!!! Read this... Lim Chap Huat into action... tjose useless 3 big bankers sure in trouble if they failed again...
Over 200millions he going to buy..
I cannot attach the file here... 7m shorts on friday hong kan liao!@!!!
Over 200millions he going to buy..
I cannot attach the file here... 7m shorts on friday hong kan liao!@!!!
satans ( Date: 17-Aug-2013 13:32) Posted:
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i very worried the 3 big banks give surprise big move on monday....... wat if suddenly big cheong up with 7m shorts on friday?
Blanchard ( Date: 17-Aug-2013 13:29) Posted:
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.....perhaps it's like building a structure..... have to build the foundation first before we can see the top.....
topster ( Date: 17-Aug-2013 13:21) Posted:
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In the first place, the name of the REIT doesnt sound very nice, like night_soil. How to be top?
u are rite.... thats why luckily, my good rich frens now considering boutique IPO listers... maybe credit suisse or others oso not bad...
think soilbuild, 3 big banks, ie dbs, ocbc, citi ALL going down the drain in historical moments.... their iPO biz sure going down the drain... who the overall mgr? think that person should be fired.... wahaaaaaaaaaa so lousy. lucky me never applied for the IPOs.
Their reputations at stake starting next week...... think i will advise my frens to go " uob" or credit suisse or somethings...... sure huat big big.... avoid above 3 banks at all costs for ipos.... wahaaaaaaaaaaaa
teeth53 ( Date: 17-Aug-2013 13:03) Posted:
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One does not able to influence mkt IPO-ing. It can take lot others then those three big local bank, even boutique IPO specialist can do a good IPO-ing good job. There's plenty example available n proven in SGX-ST. Main board n in Catalist board.
perennial IPO not by these 3 big big banks hor... different story...
my big rich frens are now seeing how things unfold and they are going IPO for their companies soon... i told them their IPO mustnt go to these 3 big banks if they failed to sustain... Go to other banks like " uob" or other underwriters... at least they can be assured their IPO will be good.
Lets see how things unfold on monday.
65 cents & below can consider to long. Look at Perennial ipo 70 cents now at 55 cents ?
By right 3 big banks handle the offering... if they cannot sustain price and move up... in future, trust satan, no one or any big bosses will approach them in future... its a simple mindset issue, so I expect next week jump up ...see if I right or wrong... the 3 big banks reputation at stakes here. ...but wait... if it still goes down... satan sure join in to short!
the 3 big banks Reputation ALL gone just cos of a simple IPO....
some my big frens i told them go UOB or others... think they got more professional fund mgrs.... soon rich people will boycott these 3 banks.
teeth53 ( Date: 17-Aug-2013 11:42) Posted:
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One moment +ve, next -ve, quite confusing. SB REIT was down 8% to [email protected] or -6.5c from it offered IPO price of 0.780c.
First day trading is within expectation judged from last two recent SPH their n OUE H-Trust Ipo-ed response.
2nd day Mon trading, the downside disappointment may not be the greater then on first day, as it attract more yield players. Is oredi tempting but not mouth watering - do trade cautiously.
First day trading is within expectation judged from last two recent SPH their n OUE H-Trust Ipo-ed response.
2nd day Mon trading, the downside disappointment may not be the greater then on first day, as it attract more yield players. Is oredi tempting but not mouth watering - do trade cautiously.
satans ( Date: 17-Aug-2013 00:00) Posted:
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Just a wild guess, 0.70c got stronger n better support, as price move to attractive level, more players may oso attracted by the yields play.....
coocoobond3 ( Date: 16-Aug-2013 17:19) Posted:
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First day debut is for BBs vs BBs, as they distribute, others BBs buy / sell n contra off.
Smaller n or retail players who is tempted, risk missing profit n end up holding to hope to sell higher then what is been bot.
Smaller n or retail players who is tempted, risk missing profit n end up holding to hope to sell higher then what is been bot.
sk6666 ( Date: 16-Aug-2013 15:57) Posted:
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