CapitaLand India Trust f.k.a. Ascendas India Trust *Official* (CY6U)
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letsgososhi
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Trust or thrustcos it is in India? Have thrust in Indians!
HairyTitaniumBalls
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let keverus shu shu share his two cents.
it chiong because india govt commit to spending on infrastructure etc, outlook all very good.
however, it is india. so be wary. i rmb investing in india, fund went up 10-15%, seesaw here and there,over time drop back.
depending on ur timeframe, if got profit, run road ba. if long term, then just put there dont see too often, no good for the heart
it chiong because india govt commit to spending on infrastructure etc, outlook all very good.
however, it is india. so be wary. i rmb investing in india, fund went up 10-15%, seesaw here and there,over time drop back.
depending on ur timeframe, if got profit, run road ba. if long term, then just put there dont see too often, no good for the heart
Pocoyoz
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Pocoyoz
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Minx99
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As far as I can remember, this trust has been bursting for a long time already. I have been stalking it through the corner of my eye but it never gave me a chance to board ..
Jupiter2017
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http://www.businesstimes.com.sg/com...usts-q2-net-property-income-rises-26-to-s316m
Wed, Oct 25, 2017 - 6:18 PM
Ascendas India Trust's Q2 net property income rises 26% to S$31.6m
HIGHER rentals and new income contribution lifted results for Ascendas India Trust (a-iTrust) in its second quarter.
In Singapore dollar (SGD) terms, net property income jumped 26 per cent to S$31.6 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening.
For the three months ended Sept 30, revenue jumped 24 per cent to S$46.1 million from the previous year. The rise in revenue was due partly to income contribution from newly acquired and completed developments, as well as rent increases. This was despite the SGD depreciating by about 5 per cent against the Indian rupee compared to the same period last year.
Earnings per unit dropped to 1.01 Singapore cents, from 1.84 Singapore cents in the year-ago period. Net asset value per unit slipped to 0.79 Singapore cent as at Sept 30, from 0.81 Singapore cent in six months ago.
Distribution per unit crept up to 1.5 Singapore cents from 1.37 Singapore cents in the previous year. a-iTrust units ended 1.5 Singapore cents or 1.3 per cent up at S$1.145 on Wednesday.
Wed, Oct 25, 2017 - 6:18 PM
Ascendas India Trust's Q2 net property income rises 26% to S$31.6m
HIGHER rentals and new income contribution lifted results for Ascendas India Trust (a-iTrust) in its second quarter.
In Singapore dollar (SGD) terms, net property income jumped 26 per cent to S$31.6 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening.
For the three months ended Sept 30, revenue jumped 24 per cent to S$46.1 million from the previous year. The rise in revenue was due partly to income contribution from newly acquired and completed developments, as well as rent increases. This was despite the SGD depreciating by about 5 per cent against the Indian rupee compared to the same period last year.
Earnings per unit dropped to 1.01 Singapore cents, from 1.84 Singapore cents in the year-ago period. Net asset value per unit slipped to 0.79 Singapore cent as at Sept 30, from 0.81 Singapore cent in six months ago.
Distribution per unit crept up to 1.5 Singapore cents from 1.37 Singapore cents in the previous year. a-iTrust units ended 1.5 Singapore cents or 1.3 per cent up at S$1.145 on Wednesday.
Jupiter2017
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http://www.businesstimes.com.sg/rea...eal-to-acquire-six-warehouses-for-534b-rupees
Ascendas India Trust in deal to acquire six warehouses for 5.34b rupees
Thu, Nov 23, 2017 - 10:34 PM Lynette Khoo lynkhoo@sph.com.sg
ASCENDAS India Trust (a-iTrust) has agreed to acquire six warehouses from Arshiya Limited for 5.34 billion rupees (S$112.5 million).
In a late night announcement on Thursday, its trustee-manager, Ascendas Property Fund Trustee, said it has signed definitive agreements for this acquisition.
The closing of the deal is subject to certain conditions being met, including consent from Arshiya's lenders and a satisfactory completion of due diligence.
Upon completion of the deal, a subsidiary company of Arshiya Limited will enter into a master lease agreement with a-iTrust to lease the warehouses for a period of six years. Arshiya will continue to operate and manage the warehouses, and pay pre-agreed rentals to aiTrust.
Sanjeev Dasgupta, CEO of the trustee-manager, called the proposed acquisition an "inflexion point for a-iTrust".
"Entering the high growth logistics sector in India helps us to diversify our asset portfolio," he explained.
"We would benefit from the e-commerce boom and regulatory changes such as the introduction of Goods and Services Tax. Our forward purchase agreement for future warehouses to be built by the vendor provides the trust with a steady pipeline of warehouses to acquire over the coming years."
The trustee-manager plans to finance the acquisition using existing cash resources in India and other financing options.
The payment for the assets include an upfront payment of 4.34 billion rupees and an additional deferred consideration of up to one billion rupees to be paid over the next four years, contingent on the achievement of certain performance milestones.
Located in Panvel, near Mumbai, these six warehouses are part of a Free Trade Warehousing Zone (FTWZ) spread over 146 acres of freehold land. They have attracted quality multi-national customers, including third-party logistic provider DHL Logistics and corporate tenants Huawei and Cisco Systems.
Within the FTWZ facility, Arshiya has substantial land bank to build additional warehouses spanning at least 2.8 million sq ft.
To provide a future pipeline of warehouses for acquisition, a-iTrust has entered into an agreement with Arshiya on an option to part-fund the construction of future warehouses within the FTWZ, and to acquire these warehouses when completed, subject to the fulfilment of certain terms and conditions.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Ascendas India Trust in deal to acquire six warehouses for 5.34b rupees
Thu, Nov 23, 2017 - 10:34 PM Lynette Khoo lynkhoo@sph.com.sg
ASCENDAS India Trust (a-iTrust) has agreed to acquire six warehouses from Arshiya Limited for 5.34 billion rupees (S$112.5 million).
In a late night announcement on Thursday, its trustee-manager, Ascendas Property Fund Trustee, said it has signed definitive agreements for this acquisition.
The closing of the deal is subject to certain conditions being met, including consent from Arshiya's lenders and a satisfactory completion of due diligence.
Upon completion of the deal, a subsidiary company of Arshiya Limited will enter into a master lease agreement with a-iTrust to lease the warehouses for a period of six years. Arshiya will continue to operate and manage the warehouses, and pay pre-agreed rentals to aiTrust.
Sanjeev Dasgupta, CEO of the trustee-manager, called the proposed acquisition an "inflexion point for a-iTrust".
"Entering the high growth logistics sector in India helps us to diversify our asset portfolio," he explained.
"We would benefit from the e-commerce boom and regulatory changes such as the introduction of Goods and Services Tax. Our forward purchase agreement for future warehouses to be built by the vendor provides the trust with a steady pipeline of warehouses to acquire over the coming years."
The trustee-manager plans to finance the acquisition using existing cash resources in India and other financing options.
The payment for the assets include an upfront payment of 4.34 billion rupees and an additional deferred consideration of up to one billion rupees to be paid over the next four years, contingent on the achievement of certain performance milestones.
Located in Panvel, near Mumbai, these six warehouses are part of a Free Trade Warehousing Zone (FTWZ) spread over 146 acres of freehold land. They have attracted quality multi-national customers, including third-party logistic provider DHL Logistics and corporate tenants Huawei and Cisco Systems.
Within the FTWZ facility, Arshiya has substantial land bank to build additional warehouses spanning at least 2.8 million sq ft.
To provide a future pipeline of warehouses for acquisition, a-iTrust has entered into an agreement with Arshiya on an option to part-fund the construction of future warehouses within the FTWZ, and to acquire these warehouses when completed, subject to the fulfilment of certain terms and conditions.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Jupiter2017
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http://www.businesstimes.com.sg/com...des-a-itrust-to-buy-on-warehouse-acquisitions
Broker's take: DBS upgrades a-iTrust to 'buy' on warehouse acquisitions
Mon, Nov 27, 2017 - 10:39 AM Vivien Shiao vshiao@sph.com.sg
ASCENDAS India Trust (a-iTrust) had their rating upgraded from "hold" to "buy" by DBS Equity Research, as analysts believe that the acquisition of a portfolio of warehouses is a "transformative transaction" that heralds a new leg of growth beyond its exposure to the already fast-growing business space sector.
The acquisition, combined with other announced redevelopments, should result in a-iTrust delivering a three-year distribution per unit compound annual growth rate (CAGR) of 9 per cent, three to four times the average Singapore Reit, said DBS analysts.
The report said: "Our confidence in a-iTrust's ability to execute on its warehouse expansion plans is due to its sponsor Ascendas-Singbridge's strong track record in the Asian warehouse industry."
In addition, through its untapped land-bank and sponsor pipeline, a-iTrust has access to over five million square feet of floor area.
"Combined with the recent expansion into the Indian warehouse space which provides for a potential acquisition pipeline of 2.8 million square feet, a-iTrust has a visible source of growth over the long term. The ability to execute on these growth opportunities is also supported by its strong balance sheet," added DBS analysts.
DBS upgraded their call on a-iTrust from "hold" to "buy", with a revised target price of S$1.25.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Broker's take: DBS upgrades a-iTrust to 'buy' on warehouse acquisitions
Mon, Nov 27, 2017 - 10:39 AM Vivien Shiao vshiao@sph.com.sg
ASCENDAS India Trust (a-iTrust) had their rating upgraded from "hold" to "buy" by DBS Equity Research, as analysts believe that the acquisition of a portfolio of warehouses is a "transformative transaction" that heralds a new leg of growth beyond its exposure to the already fast-growing business space sector.
The acquisition, combined with other announced redevelopments, should result in a-iTrust delivering a three-year distribution per unit compound annual growth rate (CAGR) of 9 per cent, three to four times the average Singapore Reit, said DBS analysts.
The report said: "Our confidence in a-iTrust's ability to execute on its warehouse expansion plans is due to its sponsor Ascendas-Singbridge's strong track record in the Asian warehouse industry."
In addition, through its untapped land-bank and sponsor pipeline, a-iTrust has access to over five million square feet of floor area.
"Combined with the recent expansion into the Indian warehouse space which provides for a potential acquisition pipeline of 2.8 million square feet, a-iTrust has a visible source of growth over the long term. The ability to execute on these growth opportunities is also supported by its strong balance sheet," added DBS analysts.
DBS upgraded their call on a-iTrust from "hold" to "buy", with a revised target price of S$1.25.
Price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
SINGAPORE (Jan 29): The trustee-manager of Ascendas India Trust (a-iTrust) has reported a 15% increase in distribution per unit (DPU) of 1.64 cents for the 3Q ended December, from DPU of 1.42 cents a year ago.
Today is a happy day.
Today is a happy day.
Jupiter2017
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https://www.theedgesingapore.com/ascendas-india-trust-posts-15-rise-3q-dpu-164-cents
Ascendas India Trust posts 15% rise in 3Q DPU to 1.64 cents
SINGAPORE (Jan 29): The trustee-manager of Ascendas India Trust (a-iTrust) has reported a 15% increase in distribution per unit (DPU) of 1.64 cents for the 3Q ended December, from DPU of 1.42 cents a year ago. Total property income rose 18% to $46.5 million in 3Q17/18, from $39.3 million a year ago.........
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Ascendas India Trust posts 15% rise in 3Q DPU to 1.64 cents
SINGAPORE (Jan 29): The trustee-manager of Ascendas India Trust (a-iTrust) has reported a 15% increase in distribution per unit (DPU) of 1.64 cents for the 3Q ended December, from DPU of 1.42 cents a year ago. Total property income rose 18% to $46.5 million in 3Q17/18, from $39.3 million a year ago.........
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Jupiter2017
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http://www.businesstimes.com.sg/com...-private-placement-to-raise-no-less-than-s75m
Ascendas India Trust to launch private placement to raise no less than S$75m
Mon, Feb 05, 2018 - 8:41 PM Vivien Shiao vshiao@sph.com.sg
ASCENDAS India Trust's (a-iTrust) trustee-manager announced a proposed private placement of at least 73.1 million new units in a-iTrust at an issue price of between S$1.027 and S$1.083 per new unit to raise gross proceeds of no less than S$75 million.
The issue price range of between S$1.027 and S$1.083 per new unit represents a discount of between 4 per cent and 9 per cent to the volume-weighted average price of S$1.1285 per unit for all trades in the units done on the Singapore Exchange on Feb 5, 2018.
The issue price will be determined by the trustee-manager and the joint bookrunners and underwriters following a book-building process. An announcement will be made once the issue price has been determined.
The trustee-manager intends to use 98 per cent from the gross proceeds of no less than S$75 million from the private placement to repay most of the bridging loan drawn down to finance the acquisition of the operating warehouses at the Arshiya Free Trade Warehousing Zone as announced on Nov 23, 2017. The remaining 2 per cent is expected to pay the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by a-iTrust in connection with the private placement.
The private placement is expected to strengthen a-iTrust's balance sheet and enhance its financial flexibility to fund committed investments and developments, as its gearing is expected to be reduced from approximately 35.1 per cent to 30.9 per cent. This will provide greater flexibility to a-iTrust to fund its committed investments, developments and growth opportunities in India, said the trustee-manager.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Ascendas India Trust to launch private placement to raise no less than S$75m
Mon, Feb 05, 2018 - 8:41 PM Vivien Shiao vshiao@sph.com.sg
ASCENDAS India Trust's (a-iTrust) trustee-manager announced a proposed private placement of at least 73.1 million new units in a-iTrust at an issue price of between S$1.027 and S$1.083 per new unit to raise gross proceeds of no less than S$75 million.
The issue price range of between S$1.027 and S$1.083 per new unit represents a discount of between 4 per cent and 9 per cent to the volume-weighted average price of S$1.1285 per unit for all trades in the units done on the Singapore Exchange on Feb 5, 2018.
The issue price will be determined by the trustee-manager and the joint bookrunners and underwriters following a book-building process. An announcement will be made once the issue price has been determined.
The trustee-manager intends to use 98 per cent from the gross proceeds of no less than S$75 million from the private placement to repay most of the bridging loan drawn down to finance the acquisition of the operating warehouses at the Arshiya Free Trade Warehousing Zone as announced on Nov 23, 2017. The remaining 2 per cent is expected to pay the estimated fees and expenses, including professional fees and expenses, incurred or to be incurred by a-iTrust in connection with the private placement.
The private placement is expected to strengthen a-iTrust's balance sheet and enhance its financial flexibility to fund committed investments and developments, as its gearing is expected to be reduced from approximately 35.1 per cent to 30.9 per cent. This will provide greater flexibility to a-iTrust to fund its committed investments, developments and growth opportunities in India, said the trustee-manager.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Jupiter2017
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http://www.businesstimes.com.sg/com...nt-two-times-subscribed-issues-more-new-units
Ascendas India Trust's private placement two times subscribed, issues more new units
Tue, Feb 06, 2018 - 7:58 AM Andrea Soh sandrea@sph.com.sg
A PRIVATE placement for Ascendas India Trust (a-iTrust) has been oversubscribed, said its trustee manager.
The placement was about two times covered and the number of new units to be issued has been raised from 73 million to 97.4 million.
Based on the issue price of S$1.027 - a discount of 7 per cent to the volume-weighted average price of units traded on Feb 5 - the total proceeds raised has increased from about S$75 million to about S$100 million.
The trustee manager said that it intends to use about S$84 million to repay a bridging loan drawn down to finance the acquisition of operating warehouses at the Arshiya Free Trade Warehousing Zone as announced in November last year.
About S$14.8 million will be used to repay the trust's existing debts.
The last S$1.2 million will be used to pay the estimated fees and expenses for the private placement.
Following these, a-iTrust's gearing will be reduced from 35.1 per cent to 29.4 per cent.
The new units will start trading at 9am on Feb 14.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
Ascendas India Trust's private placement two times subscribed, issues more new units
Tue, Feb 06, 2018 - 7:58 AM Andrea Soh sandrea@sph.com.sg
A PRIVATE placement for Ascendas India Trust (a-iTrust) has been oversubscribed, said its trustee manager.
The placement was about two times covered and the number of new units to be issued has been raised from 73 million to 97.4 million.
Based on the issue price of S$1.027 - a discount of 7 per cent to the volume-weighted average price of units traded on Feb 5 - the total proceeds raised has increased from about S$75 million to about S$100 million.
The trustee manager said that it intends to use about S$84 million to repay a bridging loan drawn down to finance the acquisition of operating warehouses at the Arshiya Free Trade Warehousing Zone as announced in November last year.
About S$14.8 million will be used to repay the trust's existing debts.
The last S$1.2 million will be used to pay the estimated fees and expenses for the private placement.
Following these, a-iTrust's gearing will be reduced from 35.1 per cent to 29.4 per cent.
The new units will start trading at 9am on Feb 14.
price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=CY6U.SI
OngHuatHuat
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Private placement at huge discount.
Drop so much
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