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The bulk of First REIT assets are in Indonesia and the local ones are mainly nursing homes (not residential projects). If commercial property prices do drop, the REIT gearing will rise and this may lead to equity fund raising.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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SIAS released a report covering the FY result recently -
http://kfc1973-stock.blogspot.com/2012/0...-sias.html [Report]
This report contains some details (ie valuation, yield) about the potential acquisitions of 2 hospitals from its sponsor.
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Nick,
seems like u have divested First REIT..haha
(i think i asked u the same qn on CMZ..but DO BE assured that i am NOT stalking u)
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01-02-2012, 05:27 PM
(This post was last modified: 01-02-2012, 05:41 PM by Nick.)
Haha yes Weijian ! Quite recently actually. I don't own any REITs at the moment.
Seems FR boss added more shares from open market. I think this is the only reit whose ceo does this.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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Seems New round of fund raising is coming soon. Big push up at friday close to make rights issue look very attractive. Ronnie wants to push his FR in the billion $ league this year.
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Anyone going to AGM today?
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