Frasers Hospitality Trust *Official* (SGX:ACV)

[knightdreamer]

SPH REIT doing well cos got Seltar Mall in the pipeline for injection? Reading that FHT has a few other properties awaiting to be injected in sounds really exciting.

Just did a search over internet
Frasers Hospitality Trust said to plan 7% yield in Singapore IPO 88 cents

no news if seltar mall will be inject into SPH reit. should ask DW he keep track on seltar and even post photos

 

[chewjekhui]

Just did a search over internet
Frasers Hospitality Trust said to plan 7% yield in Singapore IPO 88 cents

no news if seltar mall will be inject into SPH reit. should ask DW he keep track on seltar and even post photos

DW stay next to Seltar Mall?

U vested in this? Knightdreamer?

 

[knightdreamer]

DW stay next to Seltar Mall?

U vested in this? Knightdreamer?

not sure this you have to ask DW
yes i vested in sph reit

 

[chewjekhui]

not sure this you have to ask DW
yes i vested in sph reit

i mean FHT. r u pressing?

 

[knightdreamer]

i mean FHT. r u pressing?

maybe...

 

[SpinFire]

Wah so many people interested in FHT. Why not consider its parent FCL?

 

[Dividends Warrior]

DW stay next to Seltar Mall?

I stay near CWP.

 

[SpeedingBullet]

Wah so many people interested in FHT. Why not consider its parent FCL?

Exactly, the parent will be the one raking in the IPO dollah bills.

 

[Minx99]

Wah so many people interested in FHT. Why not consider its parent FCL?

It's amazing, the IPO haven't even been officially launched and everyone is already so excited over it. Even the ongoing world cup couldn't eclipse this IPO. I figure it's due to the lack of IPOs this year or everyone is loaded with cash with nowhere to deploy?

 

[chewjekhui]

Exactly, the parent will be the one raking in the IPO dollah bills.

Special Div???

 

[bhalimking]

I am kind of interested in the new Fraser Hospitality Reit that is upcoming given the 7% yield, top of Ascott and FEHT.

But still, it's good to see the prospectus and make sure their projected 7% yield is not way off ambitious.

 

[dr3amgawd]

Prelim prospectus...

_http://masnet.mas.gov.sg/opera/sdrprosp.nsf/e4607bcf096b71f748256b660010c4a4/BBE1BECC350B571148257D00001647CA/%24File/SIP1406004_P_Thames_Prelim(1000)_C.pdf

 

[Biogentic]

40% gearing, alot of properties are overseas from london, australia, malaysia... worth to punt for the 7%? i dun think so. btw, i heard indicative price is S$0.88 per share

 

[xRenol]

Frasers Hospitality to launch IPO at 88 cents per unit

 

[Departure81]

SPH reit now @1.2

1.02 you mean? 1.2 sell lo!

 

[SpinFire]

Broker sent me email for bookbuilding today.

Yield at 7%
Gearing 41.7%

AHT offers 7.5% yield at 35% gearing and OUE-HT offers 7.6% yield at 32% gearing (OUT-HT seems like the most attractive hospitality REIT, but I think it's yield is propped up by income-support from the parent, so do take note)
This IPO doesn't look attractive, unless there're some other details that says otherwise.

 

[bhalimking]

FHT is also supported by a "Top Up Fee" until FY2015.

If the fee is excluded, the projected yield is only at 6.5%, with further forex risk. Then I'd rather get FEHT

 

[chewjekhui]

I saw a old lady queuing up for this IPO even before it is open for sale!

Hope this pops like a rocket on opening!!!

 

[knightdreamer]

1.02 you mean? 1.2 sell lo!

haha ya now is 1.025

 

[Minx99]

Broker sent me email for bookbuilding today.

Yield at 7%
Gearing 41.7%

AHT offers 7.5% yield at 35% gearing and OUE-HT offers 7.6% yield at 32% gearing (OUT-HT seems like the most attractive hospitality REIT, but I think it's yield is propped up by income-support from the parent, so do take note)
This IPO doesn't look attractive, unless there're some other details that says otherwise.

To add salt to your wound, if I'm not wrong, NAV is 83cts, IPO price 88cts, ie you're buying at 1.06 P/B. Quite a number of the properties are freehold or 999 lease, but are sold to FHT for only 75years, after that revert back to FCL. Seems 2014 yield is only 6.9%, only 2015 yield is 7%, caveat with income support, without income support yield drop to 6.5%. This is what i manage to figure out, correct me if i'm wrong.