HWZ Forums

Login Register FAQ Mark Forums Read

Keppel Pacific Oak US REIT *Official* (SGX:CMOU)

Like Tree10Likes
Reply
 
LinkBack Thread Tools
Old 26-10-2017, 08:22 AM   #1
Master Member
 
Join Date: Jun 2007
Posts: 3,415
Keppel Pacific Oak US REIT *Official* (SGX:CMOU)

Good to pai some?

https://www.bloomberg.com/news/artic...-singapore-ipo

Keppel-KBS US REIT, which comprises 11 office properties in the U.S., is seeking to raise $448 million in a Singapore initial public offering.

The trust is offering 509.1 million units at $0.88 apiece, according to terms for the deal obtained by Bloomberg. The REIT is forecasting a dividend yield of about 6.8 percent for the 2018 fiscal year and 7.2 percent for 2019, the terms show.

The Keppel-KBS offering, only the second IPO from a property trust in the city-state this year, would add to the $5.8 billion of such deals on the bourse in the past five years, according to data compiled by Bloomberg. Units of Manulife U.S. REIT, which is backed by office buildings in Los Angeles and Atlanta, have risen about 9.6 percent in Singapore since its IPO last year.

Cromwell Property Group last month shelved the listing of a property trust that was set to become Singapore’s first euro-denominated IPO.

Sponsors of the REIT, Keppel Capital Holdings Pte and KBS Pacific Advisors Pte, will each hold as much as 9.5 percent of the trust after the offering.

Cornerstone investors including Affin Hwang Asset Management Bhd., Hillsboro Capital Ltd. and DBS Bank Ltd. agreed to buy a combined $217 million of the deal, according to the terms. Private banking clients of DBS and Credit Suisse Group AG are also participating as cornerstones.

Keppel-KBS expects to begin trading Nov. 9, the terms show. Bank of America Corp., Citigroup Inc., Credit Suisse and DBS are joint bookrunners.
Ong BK likes this.
Opps-gal is offline   Reply With Quote
Old 26-10-2017, 09:28 AM   #2
Member
 
Join Date: Dec 2014
Posts: 433
I think it's USD88ct not SGD.

Also, how to compare with the Manulife reit?
chowck is offline   Reply With Quote
Old 26-10-2017, 10:35 AM   #3
Supremacy Member
 
Wood41's Avatar
 
Join Date: Jan 2002
Posts: 8,624
S$0.88 likely.
US$0.88 also 发发 !
Wood41 is offline   Reply With Quote
Old 26-10-2017, 10:57 AM   #4
Senior Member
 
Join Date: Jul 2010
Posts: 1,755
Are the dividends projected taxed by USA?
weng0202 is offline   Reply With Quote
Old 26-10-2017, 07:02 PM   #5
Supremacy Member
 
Wood41's Avatar
 
Join Date: Jan 2002
Posts: 8,624
Don’t buy don’t 发 !
Wood41 is offline   Reply With Quote
Old 26-10-2017, 07:19 PM   #6
Supremacy Member
 
Join Date: Dec 2014
Posts: 6,621
Why? This is no good?
NewInvestor is offline   Reply With Quote
Old 28-10-2017, 03:32 PM   #7
Member
 
pinnacle_star's Avatar
 
Join Date: Dec 2015
Posts: 177
88 usd cent = 1.20 sgd...
P/b > 1.0 slightly premium
pinnacle_star is offline   Reply With Quote
Old 29-10-2017, 12:18 AM   #8
Junior Member
 
Join Date: Oct 2017
Posts: 2
What is the NAV of Keppel-KBS US Reit?
Ong BK is offline   Reply With Quote
Old 29-10-2017, 08:25 AM   #9
Master Member
 
Join Date: Jun 2007
Posts: 3,415
What is the NAV of Keppel-KBS US Reit?
You read the prospectus, can see.
Opps-gal is offline   Reply With Quote
Old 29-10-2017, 11:49 AM   #10
Member
 
pinnacle_star's Avatar
 
Join Date: Dec 2015
Posts: 177
If press atm, then will be in usd?
Then refund if dun get is in sgd.

Will kana FX bid-ask loss?
pinnacle_star is offline   Reply With Quote
Old 29-10-2017, 02:02 PM   #11
Member
 
Join Date: Jun 2012
Posts: 103
If press atm, then will be in usd?
Then refund if dun get is in sgd.

Will kana FX bid-ask loss?
Will be in SGD based on a specific rate (still unknown at this point of time).
1dollar is offline   Reply With Quote
Old 29-10-2017, 03:23 PM   #12
High Supremacy Member
 
Average's Avatar
 
Join Date: Apr 2012
Posts: 28,188
If press atm, then will be in usd?
Then refund if dun get is in sgd.

Will kana FX bid-ask loss?
priced in usd but can oni pay in sgd at atm. up to bank to decide fx
Average is offline   Reply With Quote
Old 29-10-2017, 04:03 PM   #13
Great Supremacy Member
 
Perisher's Avatar
 
Join Date: Jan 2015
Posts: 55,959
This is a barrier... Manulife reit was also set in USD.

Manulife US REIT makes lacklustre SGX debut - Channel NewsAsia

But would be a good one to enter if it falls on debut.
__________________
Perisher is offline   Reply With Quote
Old 29-10-2017, 04:34 PM   #14
Senior Member
 
urameshi_85's Avatar
 
Join Date: May 2007
Posts: 658
Mod u buying? I quite curious what's your investment style.
urameshi_85 is offline   Reply With Quote
Old 29-10-2017, 07:40 PM   #15
Junior Member
 
Join Date: Mar 2010
Posts: 34
What is the NAV of Keppel-KBS US Reit?
US$0.84
Gearing will be 36%
Ong BK likes this.
__________________
https://investformyfreedom.blogspot.sg/
Sell2MeCheap is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On