New SGX Company Announcements Feature

Dear Readers,

We have implemented a new feature for SGX Company Announcements on our website.

This feature allows the user to filter the Company Name/Security name in order to reduce the list in the drop-down menu.

This is especially useful for tablet and mobile user.

http://reitdata.com/sgx-announcement/

http://yieldstocks.reitdata.com/sgx-announcement/

Hope all of you enjoy the new feature.

Charities and Cause – 2016

Featured

Attention to Readers of Singapore REITs

Thank you for your kind support of our website. Year 2016 is coming to an end and this is the sixth year of our annual tradition to contribute back to our society. We have decided to donate our proceeds to the Children’s Aid Society.

CHARITY / PROGRAMME AMOUNT
Children’s Aid Society $780.00

TOTAL DONATION

$780.00

Total Contribution since 2011: $3149.00

Charities and Cause – 2015

Attention to Readers of Singapore REITs

Thank you for your kind support of our website. Year 2015 is coming to an end and this is the fifth year of our annual tradition to contribute back to our society. We have decided to donate our proceeds to the Children’s Aid Society.

Charities and Programmes
CHARITY / PROGRAMME AMOUNT
Children’s Aid Society $600.00
TOTAL DONATION $600.00

Total Contribution since 2011 : $2369.00

Charities and Cause – 2014

Attention to Readers of Singapore REITs

Thank you fSingapore REITsor your kind support of our website. Year 2014 is coming to an end and this is the fourth year of our annual tradition to contribute back to our society. We have decided to donate our proceeds to the Children’s Aid Society.

Charities and Programmes
CHARITY / PROGRAMME AMOUNT
Children’s Aid Society $390.00
TOTAL DONATION $390.00

Total Contribution since 2011 : $1769.00

CLT – CIMB

The wait continues

Cache’s 4Q13 revenue and DPU translate to 25% and 24% of our respective quarterly estimates. Taken together with its 9M earnings, full-year revenue and DPU largely met our expectations, at 98% and 99% of our respective FY13 estimates. With its solid portfolio and no debts due to be refinanced in FY14, we believe Cache will continue to provide stable dividends while we await news of potential acquisitions. We maintain our Add rating with an unchanged DDM-based target price (discount rate: 7.8%) of S$1.33.

Another quarter with strong earnings

Cache Logistic just announced its FY13 results, posting revenue of S$81m (+11.4% yoy) and DPU of 8.64Scts (+3.3% yoy). The higher revenue was mainly due to Two Precise, acquired in February 2013, as well as the built-in rental escalation within the portfolio. 4Q13 revenue grew by 8.2% qoq but DPU fell by 0.8%, mainly as a result of the dilution from the placement of 70m units in April and additional cash in the balance sheet. Occupancy for the quarter continued to remain at a respectable 100% level. Property valuation was also up slightly by S$6.7m, with the cap rate unchanged at 6.5-7%.

Tap on AEI for growth

Looking ahead, with asset prices on the high end, we believe the possibility of acquiring assets within Singapore would continue to remain challenged. As a result, management has highlighted that it will focus on seeking acquisitions in Penang, the Klang Valley and China, and to a lesser preference, Iskandar. With gearing currently at 29.1%, Cache will have debt headroom of S$117m for future acquisitions before gearing reaches 40%.

Maintain Add

We expect Cache’s management to take advantage of the low interest rate environment for early refinancing of the S$187.5m loan due in 2HFY15. In addition, we remain confident that Cache will be able to renew the majority of the 34% of leases that will fall due in FY15, whether through a master lease or underlying tenants before they expire. We maintain our Add rating with an unchanged DDM-based target price of S$1.33.

Posted in CLT

Charities and Cause – 2013

Attention to Readers of Singapore REITs

Thank you for your kind support of our website. Year 2013 is coming to an end and this is the third year of our annual tradition to contribute back to our society. We have decided to donate our proceeds to the Children’s Aid Society.

Charities and Programmes
CHARITY / PROGRAMME AMOUNT
Children’s Aid Society $730.00
TOTAL DONATION $730.00

Charities and Cause – 2012

Attention to Readers of Singapore REITs

Thank you for your kind support of our website. Year 2012 is coming to an end and this is the second year of our annual tradition to contribute back to our society. We have decided to donate our proceeds to the Children’s Aid Society.

 

Charities and Programmes
CHARITY / PROGRAMME AMOUNT
Children’s Aid Society $359
TOTAL DONATION $359

 

A-Reit – Maybank Kim Eng

Ascendas  REIT  (A-REIT)  has  recently  entered into a put and call option
agreement  with  Chasen  Holdings  for  the  sale of 6 Pioneer Walk (Goldin
Logistics Hub) for SGD32m

We  raise  our FY3/13F DPU by 2.2% in view of the divestment gains (assumed
paid  out)  but lower our FY3/14F-15F DPU by 0.6% pa. We expect FY3/14F-15F
gross revenue to decline by 0.3% pa due to the loss of rental income.

Based  on our forecasts, business/science parks currently constitute 40% of
our FY12F GAV, followed by hi-tech (23%), logistics and distribution (19%),
light  industrial  (15%)  and  warehouse  retail facilities (3%). Potential
acquisitions   overseas  could  provide  further  upside  for  DPU  growth.
Importantly,  A-REIT  is  also  less  vulnerable to asset erosion, with its
defensive  properties  located  primarily in Singapore. The stock currently
trades  at  6.7%  FY3/13F  yield  and  1.1x  P/BV.  Reiterate  BUY  with  a
DDM-derived target price unchanged at SGD2.23.

Singapore Reit – BT

DMG Research neutral on developers, prefer Reits

DMG Research said on Thursday that February's property sales numbers 'surprised on the upside', with a total of 2,413 units sold by developers in the month.

Analysts see value diminishing in the sector with revised net asset value discount on developers narrowing.

'We also remain less sanguine as stronger than expected continued price appreciation may in turn raise policy risks, leading to sustained sector re-rating unlikely,' said DMG analysts.

The research house remains neutral on developers but reiterates its sell recommendation on SC Global due to low asset turnover and high leverage.

Additionally, suburban retail Reits such as CapitaMall Trust and Frasers Centrepoint Trust are now looked upon more favourably.