Shares & Derivatives
Suntec REIT: Q1 2012 DPU 2.453c.
By A Singaporean Stockmarket Investor (ASSI)  •  April 24, 2012
I still retain a small position in Suntec REIT at a cost price of about S$1.00 a unit which I purchased towards the tail end of the last financial crisis. This small position is free of cost, actually, since the gain from selling most of my investment in the REIT more than covers its cost. For me, this is what some would call a pillow stock. Sleep on it and get free money. Gearing: 37.4% Interest cover ratio: 4.2x Credit rating: Baa2 NAV/unit: $1.962 DPU: 2.453c (XD 30 April. Payable on 29 May.) Would I add to my long position or would I sell? I would not be doing either. The REIT's unit price at $1.285 is not expensive but neither is it cheap. So, I am keeping the status quo. Although the office market remained subdued in the first quarter of 2012, the trust said its ......
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By A Singaporean Stockmarket Investor (ASSI)
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