It was a fun weekend. Thanks to Facebook readers who participated in the 'online' poll. The poll question was:
Thanks to the support, we have quite a few comments.
Please become a friend if you want to participate in future polls and you can private message me on FaceBook as well. I will try to answer all messages whenever i can.
Back to the question on SPH REIT or OUE HT. My analysis as follows:
The peer valuation indicate that upside for SPH REIT is limited as it was priced at the top end of the book-building range. However, this was a function of the overwhelming demand from institutions which resulted in a staggering 42x over subscription under current market conditions. As such, there could be spill-over demand from investors who were not allocated in full. In addition, the public tranche is quite decent …
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