tag:blogger.com,1999:blog-7944902213075756335.post7460186769527610291..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): Dynasty REIT: At what price would I bite?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger24125tag:blogger.com,1999:blog-7944902213075756335.post-39100230952465568652012-10-27T09:40:27.731+08:002012-10-27T09:40:27.731+08:00Hi Ah John,
I am convinced ARA has a good busines...Hi Ah John,<br /><br />I am convinced ARA has a good business model and its numbers are impressive. I would re-initiate a long position on possible weakness.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3532702299229528452012-10-26T23:05:02.380+08:002012-10-26T23:05:02.380+08:00ARA, the return of asset (ROA) maintains at ~30%, ...ARA, the return of asset (ROA) maintains at ~30%, very good. I think it's good target to watch. Ah Johnhttps://www.blogger.com/profile/08143011578144039532noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71761157305139703372012-10-25T13:52:29.223+08:002012-10-25T13:52:29.223+08:00Hi SnOOpy168,
Well, if we are vested in good busi...Hi SnOOpy168,<br /><br />Well, if we are vested in good businesses, there is little to worry really. Share prices are transient. Value is what you want. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-33220528048844674542012-10-25T13:46:58.178+08:002012-10-25T13:46:58.178+08:00Yes AK. I liked the REITs and it's managers. B...Yes AK. I liked the REITs and it's managers. Both in a sure to make $ group. Just that for ARA, still in $ now, I didn't know when to let go. Still missed the S$1.80....SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-27346329590750758722012-10-25T10:07:40.222+08:002012-10-25T10:07:40.222+08:00Hi SnOOpy168,
I guess you are vested in ARA?
Wel...Hi SnOOpy168,<br /><br />I guess you are vested in ARA?<br /><br />Well, I don't even know these people personally. So, I am sure they are no friends of mine. ;p<br /><br />Technically, there is some support for ARA's share price at $1.50. Let us see if the support holds.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45080154445755144652012-10-25T10:05:57.225+08:002012-10-25T10:05:57.225+08:00Hi JCK,
When sentiments are bullish, it is the be...Hi JCK,<br /><br />When sentiments are bullish, it is the best time to have IPOs, for sure. People are all willing to pay higher prices expecting prices to go higher then. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-5976690242121371712012-10-25T10:04:05.626+08:002012-10-25T10:04:05.626+08:00Hi opal,
Indeed, it would be. :)
However, I am s...Hi opal,<br /><br />Indeed, it would be. :)<br /><br />However, I am sure many investors are waiting to get in too. So, I expect that there would be some support in the event of a decline in share price.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-18086939782349950062012-10-25T09:28:47.273+08:002012-10-25T09:28:47.273+08:00:-( for this action, ARA dropped almost 4.5c on op...:-( for this action, ARA dropped almost 4.5c on opening. :=(<br /><br />I think this company and it's backer aren't really my friends afterall.SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-39394205193889956712012-10-25T08:43:46.205+08:002012-10-25T08:43:46.205+08:00What they are saying is this:
With the weak marke...What they are saying is this:<br /><br />With the weak market sentiments i can SUCKer investors that easily..... :)JCKhttps://www.blogger.com/profile/06827990903393175122noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75935958887070126692012-10-25T08:13:59.113+08:002012-10-25T08:13:59.113+08:00If it does plunge, it will be an opportunity for u...If it does plunge, it will be an opportunity for us to get in :)opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15911851340412611942012-10-24T21:11:43.308+08:002012-10-24T21:11:43.308+08:00Hi YH Tan,
Indeed, they seem to be trying to save...Hi YH Tan,<br /><br />Indeed, they seem to be trying to save face more than anything else. ;)<br /><br />It is just an overpriced IPO, imo. If they had been more realistic (read "less greedy"), I am sure things would turn out nicely.<br /><br />Anyway, it is only reasonable to expect ARA's share price to plunge tomorrow. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75977886325740077702012-10-24T20:56:09.829+08:002012-10-24T20:56:09.829+08:00Hi AK,
Do you believe what they said. I have my d...Hi AK,<br /><br />Do you believe what they said. I have my doubt. If there was substantial support why would ARA be worried about "weak global markets"?<br /><br />Anyway ARA share price should drop tomorrow.<br /><br />YHTanYH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-87493908397929000462012-10-24T19:53:35.584+08:002012-10-24T19:53:35.584+08:00Hi YH Tan,
This is certainly an embarrassment for...Hi YH Tan,<br /><br />This is certainly an embarrassment for ARA after all the fanfare.<br /><i><br />Dynasty Real Estate Investment Trust, Singapore's first yuan-denominated initial public offering, was suspended on Wednesday as the sponsor for the $866 million IPO said the deal was hit by weak markets.<br /><br />The sponsor, ARA Asset Management, part-owned by Hong Kong tycoon Li Ka-shing&AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54896756450873444362012-10-24T19:05:12.882+08:002012-10-24T19:05:12.882+08:00http://info.sgx.com/webcoranncatth.nsf/VwAttachmen...http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_22EF16CB1F8909C448257AA10030E4AC/%24file/PressRelease-DynastyREIT-241012.PDF?openelement. IPO suspended.YH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45796744190450544402012-10-24T14:18:50.314+08:002012-10-24T14:18:50.314+08:00Hi SnOOpy168,
Fine print, indeed. Well, investors...Hi SnOOpy168,<br /><br />Fine print, indeed. Well, investors will talk with their money and it would be interesting to see how the IPO fares.<br /><br />The CEO of ARA says he does not think there is any downside. Bold words to go with the fine print. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86372432263881307102012-10-24T14:02:25.840+08:002012-10-24T14:02:25.840+08:00The 4% post-waiver yield and the claw back to supp...The 4% post-waiver yield and the claw back to support the DPU are somewhere in the super fine print. I just feel that the backers of ARA and Dynasty somewhat are the HK equivalent of Capitamalls and it's name sake other listed company. Big name and size with bullying small yield. <br /><br />Perhaps Mr. HK market are used to the CKH or Li's tactics, whereas we are newbies to their high SnOOpy168https://www.blogger.com/profile/16073641443037165395noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-63055233088272054612012-10-24T11:28:52.337+08:002012-10-24T11:28:52.337+08:00Hi YH Tan,
I was vested in ARA and sold, on hinds...Hi YH Tan,<br /><br />I was vested in ARA and sold, on hindsight, too soon. I am reluctant to buy in now and will wait for possible pull back before buying in again. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-15135066889798400282012-10-24T11:20:30.979+08:002012-10-24T11:20:30.979+08:00Hi AK,
Why not buy ARA instead? Current price on...Hi AK,<br /><br />Why not buy ARA instead? Current price on ARA is on the high side but buy for its growth potential.<br /><br />What are your thought on ARA?<br /><br />Cheers,<br />YH TanYH Tanhttps://www.blogger.com/profile/05108489937504990432noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-34862717953271994372012-10-24T10:50:11.717+08:002012-10-24T10:50:11.717+08:00Hi rustydoodle,
Also, the REIT is going to use ab...Hi rustydoodle,<br /><br />Also, the REIT is going to use about 10% of the funds raised at IPO to support the forecast DPU.<br /><br />This reminds me of some structured deposit from years ago offered by DBS. That promised a 10% return within 3 months of investing. When we looked carefully, the NAV was expected to reduce by 10% after that. In effect, we would be taking back our own money.<br /><AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65315553538135254852012-10-24T10:20:19.615+08:002012-10-24T10:20:19.615+08:00Hi AK,
The information on waived distribution fo...Hi AK, <br /><br />The information on waived distribution for sponsors is definitely useful for the evaluation. <br /><br />Thanks for pointing it out. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-60632070115614152052012-10-23T23:15:49.057+08:002012-10-23T23:15:49.057+08:00Hi opal,
Also, I think anyone buying in now must ...Hi opal,<br /><br />Also, I think anyone buying in now must have a high level of confidence in the REIT's ability to have continually heightened positive rental reversions over the next five years; he should also have a high level of confidence that property prices in China will be much higher year after year in the same period in order for the REIT to be able to grow its portfolio using AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13296693773466405002012-10-23T20:49:38.459+08:002012-10-23T20:49:38.459+08:00I agree. The fact that if we don't consider th...I agree. The fact that if we don't consider the waiver of sponsor entitlements, the yield is pretty low. <br />opalhttps://www.blogger.com/profile/09346620068918069361noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-13405013391726624432012-10-23T14:11:58.002+08:002012-10-23T14:11:58.002+08:00Dynasty REIT’s initial portfolio comprises of:
1....<i>Dynasty REIT’s initial portfolio comprises of:<br /><br />1.Nanjing International Finance Center, which has 51 stories of mixed-use office and retail building with two basement levels with a 95.5% committed occupancy rate as of 31 May 2012.<br /><br />2.Dalian Tianxing Roosevelt Center, a retail mall with 5 stories and 2 basement levels and a 93.2% occupancy rate as of 31 May 2012. <br /><br AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70099550948949432472012-10-23T13:59:27.609+08:002012-10-23T13:59:27.609+08:00SINGAPORE - Dynasty Real Estate Investment Trust (...<i>SINGAPORE - Dynasty Real Estate Investment Trust (REIT) opens its yuan-denominated initial public offering today in Singapore's first flotation to be sold in the Chinese currency, seeking to raise up to 5.4 billion yuan or S$1 billion in what is set to be the largest new share sale here this year.<br /><br /> Units in the trust, backed by Hong Kong billionaire Li Ka-shing and sponsored by AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com