*Official* ARA Asset Management (SGX: D1R)

[Risk Adverse]

ARA was at $1.56 just last week.
Now it's $1.42, it even touched a low of $1.38 today.
What happened?

 

[YanG85]

rise fast= fall faster

 

[Mecisteus]

before asking what happened to the stock, its good to understand the general market sentiment first

 

[addict951]

ya
Mike is right
bbs run 1st mah
ts, you din chase hor?

 

[LiKaShing]

ARA

Hi,

Anyone support this one?

Thank you

 

[Paul Lee]

Yes. Of cos I will support u!

Supporter since IPO. And picked up more during the last financial crisis for a bargain. One of my star performer in my portfolio. Good dividend yield (for me) and 2 rounds of bonus issue. What's there not to like?

Its a little strange that the market is selling this down. Watching it closely for opportunities to pick up more.

 

[alibaba136]

sorry .. may i know what is ARA?

 

[Mecisteus]

1 of my star performers also. bought post IPO and average down 3 times. good business and under coverage stock.

 

[KhunNimzo]

Yes. Of cos I will support u!

Supporter since IPO. And picked up more during the last financial crisis for a bargain. One of my star performer in my portfolio. Good dividend yield (for me) and 2 rounds of bonus issue. What's there not to like?

Its a little strange that the market is selling this down. Watching it closely for opportunities to pick up more.

Wat px u consider good to load

 

[kebinu]

Low volume but good for trend play too! It has been going upwards since don't know how long ago.

 

[Tee_bag]

This one still can eat at 1.40 anots?

 

[addict951]

What was the 'H' 2 days ago about?

 

[Tee_bag]

donno whether got anything to do with the cheng kong holding selling some of their stock... but anyways ..just did a rough calculation of the yield..not say jin good at the moment

 

[Paul Lee]

What was the 'H' 2 days ago about?

JL Investment Group Limited (owned by CEO John Lim) sold 31,360,000 shares (4.08%) at $1.42 for $44.53 million.

Cheung Kong Investment Company Limited sold 13,440,000 shares (1.75%) at $1.42 for $19.08 million.

After the sale, JL Investment and Cheung Kong Investment hold 32.37% and 13.87% of ARA shares respectively.

The rationale of the Transaction, being the first sale of shares by the Vendors since the successful listing of ARA Asset Management Limited (the “Company”) in November 2007, is to enhance the trading liquidity of ARA Shares and to meet investors’ strong demand for ARA Shares. It also underpins the confidence of investors in the continued growth of the Company. The Company’s assets under management has grown from S$0.6bn since its inception in 2003 to S$20.8bn as at March 2012. The Vendors continue to control a substantial stake in the Company of 46.98% (deemed and direct interests) and remain committed to growing the business of the Company.

 

[SpinFire]

ARA’s Dynasty Said to Plan Dual-Currency IPO in Singapore

ARA Asset Management (ARA), the manager of property trusts backed by millionaire Li Ka-shing, is seeking about S$800 million ($649 million) in the first dual-currency initial public offering in Singapore, two people with knowledge of the matter said.

ARA plans to offer shares of Dynasty Real Estate Investment Trust in two tranches, one denominated in yuan and the other in Singapore dollars, the people said, asking not to be identified as the information is private. The company expects to get approval from Singapore’s stock exchange for the listing as soon as this week and the IPO may take place as early as in October, two people said.

Source: ARA

Even Li Ka-Shing wants to get a bite of the REITs fever in Singapore. Interesting to see the properties in the Dynasty REIT.

 

[Paul Lee]

Even Li Ka-Shing wants to get a bite of the REITs fever in Singapore. Interesting to see the properties in the Dynasty REIT.

More info on the proposed Dynasty REIT has emerged.

The initial portfolio of Dynasty REIT will comprise three commercial properties in the PRC strategically located in primary commercial centres in Nanjing, Dalian and Shanghai in the PRC, with an aggregate gross floor area of 350,475.8 sqm. The properties are:
(i) Nanjing International Finance Center (南京国际金融中心) – a commercial building (with office and retail components) located in Baixia District, Nanjing;
(ii) Dalian Tianxing Roosevelt Center (大连天兴罗斯福国际中心) – a retail mall located in Shahekou District, Dalian; and
(iii) Shanghai International Capital Plaza (上海盛邦国际大厦) – a commercial building (with office and retail components) located in Hongkou District, Shanghai.

[ S O U R C E ]

Not very interested in this one. But given the current 'hotness' in REIT, may be worth a stag.

 

[Mecisteus]

skip the reit. buy ARA instead.

 

[addict951]

buy caprchina better

 

[Paul Lee]

I'm with Mike. I tend to be China-averse for some reasons including REITs with properties there. Not an assessment but just a preference.

 

[SpinFire]

Hmm... All China properties. I was hoping for HK properties in the REIT.