Search Results for: ipo

Far East Hospitality Trust (Preview)

I took a quick glance at the draft IPO prospectus. Just the structure alone, its is much better than the Ascendas Hospitality Trust where all the hotels are parked under the Hotel Reit and not under the business trust. According to the email, the price will range from 86c (6% annualised yield) and 93c (6.5% annualised yield) for FY 12E. The presence of reputable cornerstone investors are also very reassuring and it will be them who will dictate the pricing. CDL H-Trust is trading at 5.7% yield and Ascott Residence Trust is trading at 7.2% yield. In this regard,...

Read More

Heads up – Far East Hospitality Trust

Received this email from my OCBC broker yesterday. Need to do some homework this weekend.  Dear All We are pleased to announce the Initial Public Offering of Far East Hospitality Trust on SGX-ST (the “IPO”).    OCBC Bank is one of the four Joint Bookrunners and Underwriters for the IPO. The other Joint Bookrunners and Underwriters are Goldman Sachs, HSBC and DBS. Do contact me if you are keen in indicating your interest in the IPO of Far East Hospitality Trust on SGX-ST. The order books for Far East Hospitality Trust placement tranche are now open. Indicative book closure...

Read More

My Investment Portfolio (July 2012)

July 2012 turns out to be another good month for investors. STI closed the month above 3000 points, as investors came back into the market. There are two high profile IPOs this month on SGX – IHH Healthcare and Ascendas Hospitality Trust. For this month, I have attended the following AGMs/EGMs/briefings – NeraTel, CitySpring, Orchard Parade, SMRT, Valuetronics, AI-REIT, The Hour Glass, AIMS AMP Capital Industrial REIT, Jason Marine, Bukit Sembawang Estates, Meiban, MTQ Corp, Old Chang Kee, Eastern Holdings, Fischer Tech, Singapore Windsor and GP Industries. For my top 30 holdings, new entries include Isetan(S) and Old Chang...

Read More

Reaching for higher yields–be aware what you wish for

In this world where your fixed deposit rates are close to zero percent, it is easy to reach for REITs and business trust yielding more than that. Recent IPO of Ascendas hospitality trust and  outperformance of almost all REITs may have been the direct result of this. There are a few things to take note when reaching for higher yielding instrument. Yield is to compensate for the Risk borne In finance, you often hear risk versus reward. If you put in a larger amount of risk, you should demand more reward. Many like these REIT because they have yields...

Read More

Ascendas Hospitality Trust: Am I interested?

Over the weekend, a friend asked me if I would be interested in Ascendas Hospitality Trust although he knew that I am generally not interested in IPOs. He was just asking for my thoughts on the Trust. Ariake Sunroute Hotel, Japan. Ascendas Hospitality Trust (A-HTrust) will be offering 437.33 million stapled securities at 88 cents each for mainboard listing in its initial public offer (IPO) in Singapore. (Source: The Business Times, 18 July 2012) What are stapled securities? Stapling simply means that two different securities are “stapled” together for the purposes of trading or transfers. Stapled security could comprise...

Read More

SGX in merger talks with LSE according to the Daily Telegraph of London…….does it make sense and what form can it take ?

SGX in merger talks with LSE according to the Daily Telegraph of London…….does it make sense and what form can it take ? Friday, 20 July, 2012  3:5 PMPosted by Kevin Scully  There have been reports that the SGX is in discussions with the LSE on a possible merger – the source was apparently an interview with the CEO of the LSE, Xavier Rolet, in an interview with theDaily Telegraph in London. I think global stock exchanges are all lobby for IPOs to be listed in their respective markets especially if there is no domestic source of big companies....

Read More

My views on Ascendas Hospitality Trust

I am no stock analyst but yesterday one of my readers emailed and asked about my views on the Ascendas Hospitality Trust impending IPO. First of all, investors need to know that Ascendas Hospitality Trust is a business trust and not a typical real estate investment trust (Reit). In this case, about 80 percent of the assets will be in the business trust and 20 percent in the Reit. To be honest, I am not sure how business trust works and normally if I don’t understand a business model, I would not invest in the company. This is not...

Read More

Listing of Felda Global Ventures Bhd

Recently, one of my readers asked me whether I would be interested in Felda Global. I replied that I am not interested as the dividend yields are low, below 4% which is lower than the other primary palm oil producers and that it has rather high political and execution risks. There seems to be a lot of excitement around this IPO, and for good reason as the $3.2 billion Felda IPO is probably going to be the world’s second largest IPO of this year. The IPO is several times oversubscribed and will probably be priced at the top end...

Read More

Facebook a Good Bet? See for yourself…

In a downtrend market, nothing is a good bet… not even the Hyped up Facebook which has Billions over in Market Value.Just take a look at the chart: It’s 11.51PM in Singapore time and 11.51AM at the U.S. side. Despite closing higher at US$ 42, it declines straight down all the way to US$38… If you ask me what is my opinion on Buying Facebook Stock; I would say they are over-pricing the shares. And IPO usually determine on its first trading day to see whether it will likely outperform in the next few days or weeks… and it’s...

Read More

China Minzhong – Mgmt Share Structure

China Minzhong (CMZ) had again caught my attention a week prior to its 3Q FY12 result release. Its below-expectation earnings result has led to a strong plummeting of its stock price – down from last Friday’s closed price of S$0.82 to today closed of S$0.58. A 30% drop in less than a week and it has hit an all-time low since its IPO in April 2010. I can’t say for sure whether there is ‘value’ in the current stock price or has it been oversold. Given the strong selling, there can be a slight technical rebound but by how...

Read More

Perpetual bonds should not be a cause for concern

I ,being a small fry, have an investment in Genting Perpetual 5.125% retail which i bought during IPO for diversification. It’s only takes up about 5% of my investible assets, excluding property. Now that you know that i am vested,i want to say that i totally do not agree with MAS being alarmed by people buying perpetual bonds. By being alarmed and placing restrictions on these kind of investments, it will simply reduce investment alternatives and push retail investors into more exotic and more risky products. I feel that for retail investors who do not know how to invest, perpetual bonds offer...

Read More

Nam Cheong Limited

Has anyone ever heard of Nam Cheong Limited? I doubt so since it is based in Malaysia and has only been listed last year May through a RTO of Eagle Brand (Not even an IPO). Neither am I aware of this stock until I catch it from AmFrasher “Up Close with Management” event advertisement sent by SGX to my mail. A quick look at the 4 companies and I realises that these 4 are not the average companies out there. They are in no order of merit : Nam Cheong, OSIM, Kingsmen Creative and Macquarie International Infrastructure Fund. Though...

Read More

Don Buy GPH now!!!

Don’t try to catch the IPO of GPH! Here’s why: With the BULK speculators selling at $0.30, its a wise choice to sell it at 0.295 (if you are lucky to get some from the IPO). I woke up in the morning to check on GPH, but i didn’t get any.. Refunded all back to me.. Nevertheless, i have turned my attention to Informatics… The next Penny Stock that looks like JEL Corp to me...

Read More

Why I will shun investing in Facebook

Facebook has been mulling going public and it is not new news. It will trade under the ticker symbol “FB” in NASDAQ. Rumours are flying around that it will list on May 17th 2012. Though Facebook going public is akin to the unveiling of a new iPhone, I’m not buying into the hype nor will I be buying into the company. Just like how Warren Buffett shuns companies that are not predictable, I will keep Facebook at a 10-foot pole’s distance (I meant investing in Facebook at a 10-foot pole’s distance). Yes, I do have a Facebook account and...

Read More

Oxley Holdings – revisted…….they have executed well……what’s next for this stock ??

Oxley Holdings – revisted…….they have executed well……what’s next for this stock ?? Tuesday, 17 April, 2012  4:7 PM Posted by Kevin Scully My initial comments  I first wrote about Oxley Holdings on 6 January 2011.  The share price then was about S$0.38.  I liked the hidden potential which if they executed well would give an RNAV of S$0.62 and on a present value basis this would be worth S$0.51.   I was concerned about four things: a) could they execute the sale of Ubi – their large industrial site in Paya Lebar with more than 1mn sq ft of...

Read More

Like us on Facebook

Follow us on Twitter