Suntec REIT

[NTL]

The debt ratio seems to be above 41% after the acquisition. Likely there will be a rights issue or private placement to follow?

Think an equity fund raising is a when and not an if. The problem is the steep discount of price to NAV - my guess is that ARA will prob wait for the AEI works to finish, DPU to restore, hopefully get the price higher, offload more of their stake and then call for a rights/PO.

It was mentioned before that Suntec is using a lower cap rate for valuation compare to the other REITs. What will be the valuation, and NAV, if they have use the same cap rate as others?

If Suntec is trading at it's value of $2+, then the yield will be somewhere around 4%. That will make the REIT very unattractive.