Author: VALUE INVEST ASIA

Frasers Centrepoint Trust

Company summary Frasers Centrepoint Trust (“FCT”) is a real estate investment trust (“REIT”) listed on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 5 July 2006. FCT’s financial year commences on the 1st of October. FCT’s property portfolio comprises the following suburban retail properties in Singapore: Causeway Point, Northpoint, Anchorpoint, YewTee Point, Bedok Point and Changi City Point (collectively, the “Properties”). The REIT also acquired its latest property, the Changi City Point (“CCP”) on 16 June 2014. Apart from owning retail properties outright, FCT also holds 31.17% of the units in Hektar Real Estate Investment Trust (“H-REIT”). H-REIT,...

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What Is A Real Estate Investment Trust (REIT)?

What is a REIT? A REIT, short for Real Estate Investment Trust, is essentially a company that owns a portfolio of properties. The company then hires a property manager to manage the day-to-day operations at the properties, such as collecting rents, negotiating tenant contracts and finding tenants.When investing in a REIT, you are becoming a beneficiary of the trust that owns the assets, in the case of FCT, the Singapore properties and units in H-REIT. Typical structure of a REIT Now let’s discuss a typical structure of a REIT using Frasers Centrepoint Trust (FCT) as an example. The diagram below...

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When Stock Prices Plunge, Where Does All The Money Go?

“When stock prices plunge, where does all the money go?” In light of the recent roller coaster ride the market is taking most of us on, it was a rather apt time for such a discussion!When the stock market plunges, market value would literally be wiped off the face of the earth. A huge chunk of money for your new house, for your children’s college fees, for your new shoes literally vanished into thin air. For some individuals that held equity through the Global Financial Crisis (GFC) in 2009, it would seem incredulous for money just to evaporate. Even a stalwart...

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ComfortDelGro Corporation Limited

COMPANY SUMMARY Following the 2003 merger of two land transport companies (Comfort Group and DelGro Corporation), one of the world’s largest land transport companies – ComfortDelGro Corporation Limited (C52.SI) was formed (No prizes for guessing how they came up with the new name). With over 46,303 vehicles over 7 countries, CDG stood as one of the largest land transport companies in the world. Just within the CDG umbrella, there were not one but two listed subsidiaries – VICOM Limited (V01.SI) and SBS Transit Ltd (S61.SI) with shareholdings of 67.07% and 75.11% respectively. TICKER SYMBOL: C52.SIMARKET CAP: SGD 6.11 Billion...

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Starhill Global REIT

Company Summary Listed on SGX since 20 September 2005, Starhill Global REIT is a Singapore-based Real Estate Investment Trust (REIT) investing primarily in real estate used for retail and office purposes, both in Singapore and overseas. It was formerly known as Macquarie MEAG Prime REIT and set up by Macquarie but Malaysian property developer YTL Corp took over the Macquarie Group’s entire interest and renamed it as Starhill Global, thus becoming its new sponsor. Starhill Global REIT has grown its initial portfolio from interests in two landmark properties on Orchard Road in Singapore (Wisma Atria and Ngee Ann City)...

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Hutchison Port Holdings Trust

COMPANY SUMMARY Listed on the Main Board of the Singapore Exchange in March 2011, Hutchison Port Holdings Trust (NS8U.SI) was the world’s first publicly traded container port business trust and also the first entity to launch dual currency trading of its units in early 2012. The Trust was subsequently admitted into the Straits Times Index on April 2013 and is currently one of the 30 constituents on the Main Board of the Singapore Exchange (SGX). TICKER SYMBOL: NS8U.SI MARKET CAP: 5.1 Billion (7th Aug 2015) MARKET PRICE/SHARE: USD 0.585 (7th Aug 2015) INDUSTRY: Industrial THE BUSINESS Hutchison Port Holdings...

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CAPITAMALL TRUST

TICKER SYMBOL: C38U.SI MARKET CAP: S$7.38 billion (Updated 23 July 2015) MARKET PRICE / SHARE: S$2.13 (Updated 23July 2015) INDUSTRY: REIT COMPANY SUMMARY CapitaMall Trust (CMT) is the first REIT to be listed on the SGX-ST in Jul 2002. CMT is primarily focused in investing and managing retail properties located in the suburban and downtown areas of Singapore. THE BUSINESS CMT earns about S$660 million of gross revenue on S$9.86 billion of total assets the Group oversees. Of which, S$7.5 billion are held as their investment properties. These investment properties consist of 16 retail malls including Junction 8, The Atrium@Orchard and Tampines Mall. Portfolio occupancy...

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