Search Results for: ipo

Eagle Hospitality Trust: Balloting Results and IPO Price Drop – What went wrong?

Okay, so I was planning to write another article today. Then I heard about the absolute disaster that was Eagle Hospitality Trust’s IPO, and I knew I had to drop everything and write on this. In all my years’ experience in capital markets, and as an investor in Singapore, I have never seen an SGX main board listing, and a REIT with DBS as the lead issue manager, flop this hard. That’s how bad it was. Basics: What Happened Balloting Results I’ve extracted this from the Eagle Hospitality Trust Balloting Results Announcement (emphasis mine): At the close of the...

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Eagle Hospitality Trust (EHT) IPO Analysis

We have a few US REITs that is coming over to list in Singapore. ARA Hospitality Trust was the first one with lukewarm response. And this time round we have Eagle Hospitality Trust (EHT).  The former is more well known to Singapore investors since ARA was listed here and then delisted.  I think SGX and DBS are really actively courting these REITs from overseas to list in Singapore and I am not sure this is always a good thing.  I shall not say too much but do a quick take of this IPO. I have not much value add...

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Review of Eagle Hospitality Trust IPO and The Queen Mary

by: Tam Ging Wien All examples and stocks quoted here in this article and on the ProButterflyTM and REITScreenerTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser. The eagle has landed upon the shores of Singapore; Eagle Hospitality Trust (Eagle) lodges its preliminary IPO prospectus with...

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Eagle Hospitality Trust IPO Review

Ging Wien from ProButterfly alerted me to the presence of a curious asset in the IPO Portfolio. The only independent hotel is the Queen Mary Long Beach, a ship that is moored permanently in Long Beach Harbour (pictured in my cover photo). The ship was converted into a hotel and has been a feature of Long Beach Harbour since 1967. Interested to know more, I went down the Google rabbit hole and I came across a concerning article from local press Long Beach Post regarding the history and cost of the renovations at the property. One article led to another which...

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4 things you need to know before investing in the Uber IPO

After a decade in the making, Uber is finally debuting on the New York Stock Exchange in May this year at a valuation of up to US$100 billion. We are all clamouring to know if this will be an investment opportunity of a lifetime or one-way drive in the wrong direction. What makes Uber interesting is its role as a disrupter in the taxi industry. I’m sure we’re all familiar with Uber – it is a ride-sharing platform that connects users who are looking for a ride with a personal driver that will drive them to their destination. Users...

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IPO – ARA US Hospitality Trust VS Eagle Hospitality Trust

I usually don’t look at stocks/REITs in overseas currency but given how the yield of the local REITs have been compressed (~4/5%+). I took a quick look at these 2 US hospitality trust. ARA US Hospitality TrustThere are 38 hotels/properties, 4,950 rooms by Hyatt (Hyatt Place and Hyatt House). Offering Price: US$0.88NAV: US$0.86PB: 1.02 Estimated/Forecast Dividend Yield for 2019: 8.0%Estimated/Forecast Dividend Yield for 2020: 8.2%Gearing: 35.9% Closing date and time for the Singapore Public Offer: 7 May 2019, 12pm The revenue was lower for FY2016 due to the disruptions from renovations while the decrease in FY2018 was due to...

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Analysis of ARA US Hospitality Trust IPO

by: Tam Ging Wien All examples and stocks quoted here in this article and on ProButterflyTM and REITScreenerTM site are for learning purposes; it does NOT constitute financial advice or a Buy/Sell recommendation. Contents are reflective of personal views and readers are responsible for their own investments and are advised to perform their own independent due diligence and take into account their own financial situation. If in any doubt about the investment action you should take, you should consult a professional certified financial adviser. ARA Group intends to spin off its US$719.5mil US hotels assets under the Hyatt brand into a stapled security for...

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ARA US Hospitality Trust IPO Review

The IPO portfolio consists of 38 hotels, all within the Hyatt brand portfolio. 27 of them are Hyatt Place hotels, a upscale select-service hotel brand, and 11 of them are Hyatt House hotels, a upscale extended stay hotel brand. Select service hotels defer from full service hotels in that they are focused mainly on lodging with limited banqueting and F&B outlets. Extended stay hotels are similar to serviced apartments in that they cater to guests who stay for 1 week or more. Upscale means the offering is more luxurious than normal, which I assume to be at least some...

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Hottest Enterprise Tech IPOs of 2019: Will Slack Match Zoom's Success?

Among many hotly anticipated IPOs of tech unicorns in 2019, Zoom Video Communications’s listing has set itself apart from the rest. After listing at $36, its shares have continuously soared to $74.5, more doubling in about 3 weeks. In contrast, Lyft’s stock has famously sank -17% since its listing. In the midst of all this, Slack’s upcoming public listing has been generating a lot of buzz, given that it is an even better known startup than Zoom within the enterprise software industry. But will Slack’s listing be similarly successful as Zoom’s? We dug into Slack’s financial filings to assess...

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ARA Hospitality Trust – Preliminary Prospectus IPO

After my previous article on Eagle Hospitality Trust (EHT), this would be another prospecting on a US hospitality trust which is slated to go public upon approval of listing from MAS.  Like EHT, ARA-HT is claiming to be the very first US pure-play hospitality to be listed in SGX. I guess we’ll have to see who has the claim of rights to say this first depending on the timeline they go public.  I’ll try to make this a narrative comparison against EHT as much as possible, so if you have not read the previous article on EHT, I’d recommend...

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Eagle Hospitality Trust – Preliminary Prospectus IPO

Eagle Hospitality Trust (EHT) is currently preparing for their public offering issuance and has lodged their prospectus with MAS. If you want to read their prospectus in detail, you can find them here. If successful, it will be the very first US pure-play hospitality Reit we have in SGX.  It’s interesting to see the various pure play breed choosing to list their Reit vehicle here in Singapore but I guess that’s a clear sentiment of how far the Reits industry have come so far. Hotel’s Portfolio The Reit’s portfolio is valued at US$1.27b which comprises of 18 full service hotels...

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Uber / Lyft IPO

Lyft performance since IPO:Investing in millennial brand name companies have been a fantastic recipe for disaster. Look no further than Go Pro to see how terrible it would’ve been. Anyway, just wanted to put this out here. — Colin Charles (@bytebot) April 14,...

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Top 3 Hong Kong REITs That Made You Money If You Invested From Their IPOs

For our Morning Stocks Analysis, the Seedly team worked closely with The Fifth Person who are experts in the field to curate unbiased, non-sponsored content to add value back to our readers. Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence. If you have any questions on the mentioned stocks, feel free to discuss them with Seedly Community here. Why Consider The Hong Kong REITs Market? Owing to a scarcity of land and strong demand, Hong Kong is considered one of the world’s most expensive cities to own property....

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Pinterest vs Twitter vs Snapchat: What You Need to Know Before Investing in the IPO

After Lyft’s highly anticipated IPO last week, the next tech “decacorn” that is up for listing is Pinterest, which has already made its S-1 filings public. In regards to evaluating Pinterest’s business model and its rumored $12bn valuation, it helps to have a few different points of comparisons. Namely, Twitter and Snapchat serve as very natural reference points: they are all “smaller” social networks with a strong presence within their niche markets while also facing stiff competition from Facebook. To help interested investors decide whether they want to invest in Pinterest, we’ve put together the below comparative analysis to...

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Chipotle Mexican Grill reaches all time overbought after an 84% rally in less than 4 months! (1 Apr 19)

Dear readers, This week, Chipotle Mexican Grill (“Chip”) has caught my attention with its blistering 84% surge since 24 Dec 2018 and its US$100 rally in the past 16 trading days.   First, what does Chip do? Based on Chip’s company website (click HERE), it is an American chain of fast casual restaurants and has nearly 2,500 restaurants as of 31 Dec 2018 in the U.S., Canada, France, Germany and UK. It is the only restaurant company of its size that owns and operates all its restaurants. Its market capitalisation amounts to US$19.6b.   Why is it interesting? Personally, I...

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