OUE Hospitality Trust *Official* (SGX: SK7)

[matrix05]

What is the yield for this one?

 

[Wood4]

Old hotel , dropping tourist arrival & dropping room rates with
more newer hotels launching .

Subscribe to support the Indonesia tycoon / bankers !

 

[Opps-gal]

Old hotel , dropping tourist arrival & dropping room rates with
more newer hotels launching .

Subscribe to support the Indonesia tycoon / bankers !

But the hotel in a good location.

 

[hovivi]

Pruss satu

 

[Paul Lee]

And it so important that you just have to start a brand new thread instead of the exisiting OUE REIT thread

The answer is the same one I gave you over at SPH REIT thread.

 

[Solidus_GZ]

Can hoot like maple tree ipo?

 

[taediumv]

Looks like an interesting counter. Lets see how SPH REIT performs first

 

[xorion]

when will this be out?

 

[ah_paul]

Priced at $0.88

 

[imaraq1]

EDIT:

18 July 2013, 6.00 p.m. Opening date and time for the Public Offer.
23 July 2013, 12.00 p.m. Closing date and time for the Public Offer.
24 July 2013 Balloting of applications or otherwise as may be approved by the
SGX-ST (in the event of over-subscription for the Stapled
Securities) under the Public Offer. Commence returning or
refunding of application monies to unsuccessful or partially
successful applicants.
25 July 2013, at or before
2.00 p.m.
Completion of the acquisition of the Initial Portfolio.
25 July 2013, 2.00 p.m. Commence trading on a “ready” basis
30 July 2013 Settlement Date for all trades done on a “ready” basis on the
Listing Date.

 

[stam]

only 2 properties in the REIT, seems risky.

 

[Think09]

Overseas Union Enterprise, which is buying California’s tallest building, raised $600 million in a Singapore initial public offering of its hospitality and retail assets.

OUE Hospitality Trust sold 681.8 million units at 88 cents, the low end of the range of 88 cents to 90 cents at which they were offered, according to a prospectus filed today in the city-state.

OUE follows an IPO of retail assets owned by Singapore Press Holdings, which raised $504 million after pricing at the top of the marketed range yesterday. REITs and business trusts were the biggest fundraisers in Singapore’s initial public offering market in the past year, accounting for US$4.16 billion ($5.27 billion) of the US$6.2 billion of stock priced, according to data compiled by Bloomberg.

At 88 cents, OUE Hospitality Trust is offering a yield of 7.46% based on fiscal 2014 projections, according to a prospectus filed in Singapore last week. SPH’s yield is projected at 5.79% for 2014, based on the 90 cents IPO price set on Tuesday.

Shares of OUE fell 1.4% at 3:16 p.m. in Singapore trading, the most in two weeks, while Singapore Press’s shares were unchanged. The benchmark Straits Times Index rose 0.3%.

A business hotel next to the Singapore airport and two hospitality assets in China, may be offered to OUE Hospitality Trust, according to the IPO prospectus. The properties, which have a total valuation of $413 million as at Dec. 31, could potentially double the number of hotel rooms owned by the trust, according to the document.

OUE is controlled by Executive Chairman Stephen Riady, a son of Mochtar Riady, who controls Indonesia’s Lippo Group. Lippo’s businesses include real estate, financial services and food across Asia. The company said earlier this year it’s buying the U.S. Bank Tower in Los Angeles, the tallest in the West Coast state, for US$367.5 million.

The share sale was managed by Credit Suisse Group AG, Goldman Sachs Group Inc. and Standard Chartered Plc.

 

[Paul Lee]

IPO opens 18 Jul 6 pm. Close 23 Jul 1200

Final Prospectus

Indicative timetable

 

[Garlic & Butter]

SPH at the top end, 42x subscribed
OUE at the lowest end.. why huh? all the $ all flowed to SPH?

 

[twelfth]

this not so hot coz end up at .88. guess what my broker called me if want to get xx lot or not lol

 

[trevda]

i think likely because this comes so close on the back of sph reit... hot fav.

 

[tiny]

During 1st AGM, will shareholders ask about that lonely white hair auntie?

 

[STAGGG]

this not so hot coz end up at .88. guess what my broker called me if want to get xx lot or not lol

so how many placement lots your broker say can give you?

 

[Pocoyoz]

According to an announcement by the sponsor yesterday, SPH Reit’s institutional tranche, which accounted for 40.2% of the deal, was approximately 42 times covered. By comparison, sources said the institutional portion of OUE Hospitality’s offering, which made up 56.2% of the deal, was about two to three times covered. The institutional tranches exclude shares set aside for cornerstone investors.

Singapore Reit IPOs raise a combined $863 million - Equities - News - FinanceAsia.com - The network for financial decision makers

 

[princessreiko]

Why they (OUE and SPH) launch together?
I bid for SPH already, now no money for OUE.
Have to wait for refund of funds before I bid for OUE.

Should be in time, right?

Cos SPH one closes on 22 July, the money should be credited back to my account before OUE one closes on 23 July, right?