Shares & Derivatives
Starhill Global REIT
By Value Invest Asia  •  August 18, 2015
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) when it first listed to 13 properties in Singapore, Malaysia, Australia, China and Japan valued at about S$3.12 billion as at 30 June 2015. TICKER SYMBOL: P40U.SI MARKET CAP: SGD 1,876 Million (Updated 7 August 2015) MARKET PRICE / SHARE: SGD 0.86 (Updated 7 August 2015) INDUSTRY: Property
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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