10-01-2014, 12:47 PM
Another OUE spin off REIT ipo within 3 months.
Any thoughts on it guys?
Highly geared..another lemon imo.
Any thoughts on it guys?
Highly geared..another lemon imo.
10-01-2014, 12:47 PM
Another OUE spin off REIT ipo within 3 months.
Any thoughts on it guys? Highly geared..another lemon imo.
10-01-2014, 02:13 PM
(10-01-2014, 12:47 PM)DP28 Wrote: Another OUE spin off REIT ipo within 3 months. It's not just Li Ka Shing cashing out from Shanghai properties. Lippo is following suit. http://www.shanghaidaily.com/Business/fi...aily.shtml
10-01-2014, 04:48 PM
I've finally completed my write-up on OUE C-REIT.
If anyone is interested in receiving a copy of the write-up, just PM me.
11-01-2014, 07:50 PM
12-01-2014, 09:55 AM
yes please post it here, thanks ^^
14-01-2014, 08:08 AM
14-01-2014, 09:19 AM
14-01-2014, 05:07 PM
Pros:
$50m Income support for 5 years provide good safety net projected 6.2% yield. Acquired OUE office at $2500 PSF compared to OFC transacted at $2700psf Rental yield average $10.40, key tenants include BOA Merrill. Potential rental reversion rates average $11-13 psf shows potential growth Potential inclusion of One raffles place and old DBS tower into REIT ensure heavier singapore exposure Management fees base on DPU, reputable REIT manager former from Ascendas. Cons: Highly gear at 43%, almost as high as K-REIT China property bought deep discount at 30% to NAV (Potential lemon) Key tenant lease to expire at late 2014/ 2015 (Pg 22 prospectus) Although its split at 70-30 income distribution between Singapore and China, I am not comfortable with the China property. Possible for some hit and run IMO. (10-01-2014, 04:48 PM)minimax Wrote: I've finally completed my write-up on OUE C-REIT. Dear minimax OUE C-REIT IPO closing date 23 Jan 2014. Still waiting for you to send me a copy of your write-up or post here to share with everyone. Please don't share it after the IPO has closed. Thank you very much!!
20-01-2014, 09:12 AM
"Ms Tan Shu Lin, chief executive of the Reit's manager, OUE C-Reit Management, told a briefing yesterday that the placement tranche offer to institutional investors is one-time oversubscribed. - See more at: http://business.asiaone.com/property/new...t6gg7.dpuf"
With the institutional tranche only 1x over subscribed, I don't expect a strong opening. |
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