Singapore Stocks - My Stocks Investing

FTSE ST Real Estate Index: Elliott Wave B ended?

Post author:Marubozu
Post published:July 21, 2013

FTSE ST Real Estate is showing a Elliott Wave pattern. Currently the index is trading in a Wave B. Wave C (bearish wave) will start if the index break the support of 733.5. It is important to monitor the FTSE ST Real Estate Index because we can detect whether there is any strength or weakness in property counters to plan our trade.

Analysis by Marubozu https://mystocksinvesting.com

If the sector is weak, we can look for the Top 10 components stock to short by looking at the individual stock chart.

FTSE ST Real Estate Top 10 Companies

Look at Hongkong Land’s chart and you can see the weakness of the stock. The stock is trading in a down trend channel.

Although Global Logistic Properties (GLP) is still on uptrend but be cautious that a Head and Shoulders may be in formation.

Capitaland’s chart is bearish and trading in down trend.

OUE Hospitality Trust IPO Prospectus

Post author:Marubozu
Post published:July 14, 2013

OVERVIEW OF OUE H-TRUST, OUE H-REIT AND OUE H-BT

OUE H-Trust
OUE H-Trust is a stapled group comprising OUE H-REIT and OUE H-BT. The OUE H-REIT Units and OUE H-BT Units are stapled together under the terms of a stapling deed dated 10 July 2013 entered into among the REIT Manager, the REIT Trustee and the Trustee-Manager (the “Stapling Deed”), and cannot be traded separately.

OUE H-REIT and OUE H-BT
OUE H-REIT is a Singapore-based REIT established with the principal investment strategy of investing, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for hospitality and/or hospitality-related purposes, whether wholly or partially, as well as real estate-related assets. In this Prospectus, real estate which is used for “hospitality” purposes includes hotels, serviced residences, resorts and other lodging facilities, whether in existence by themselves as a whole or as part of larger mixed-use developments, which may include commercial, entertainment, retail and leisure facilities. Properties which are used for hospitality related purposes” include retail and/or commercial assets which are either complementary to or adjoining hospitality assets which are owned by OUE H-REIT or which OUE H-REIT has committed to buy.

Fundamental Summary

IPO Price = $0.88 – $0.90
Projected DPU Yield = About 7.1% (2013)
Number of Units = 434,598,000 (Page 1 of OUE Hospitality Trust IPO Prospectus)
NAV = $0.903 –> IPO price is 1.4% Discount to the NAV. (Page 53 of OUE Hospitality Trust IPO Prospectus)
Total Debt = S$581,130,000 (Page 53 Balance Sheet OUE Hospitality Trust IPO Prospectus)
Total Asset = S$1,768,907,000 (Page 53 Balance Sheet OUE Hospitality Trust IPO Prospectus)
Gearing Ratio = 32.85%

Check out HERE on how to interpret those financial ratio (e.g. NAV, Gearing Ratio) and understand why it is important. Also see other Singapore REIT comparison table here to see whether this UOE H-Trust IPO is worth to subscribe.

UOE Hospitality Trust Structure

Portfolio

OUE H-REIT Portfolio

Mandarin Orchard Hotel

Mandarin Gallery

Distribution Yield

See detail OUE Hospitality Trust IPO Prospectus.

SPH REIT IPO Prospectus

Post author:Marubozu
Post published:July 13, 2013

INTRODUCTION TO SPH REIT
SPH REIT is a Singapore-based real estate investment trust (“REIT”) established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets.