Frasers Logistics & Commercial Trust *Official* (SGX:BUOU)

[Think09]

Since like CPF allow to invest on this. Copy from the Prospectus.

Investors who are members of the Central Provident
Fund (“CPF”) in Singapore may use their CPF
Ordinary Account savings to purchase Units as
an investment included under the CPF Investment
Scheme – Ordinary Account. CPF members are
allowed to invest up to 35.0% of the Investible Savings
(as defined herein) in their CPF Ordinary Accounts to
purchase Units. Investors applying for Units by way
of Application Forms (as defined herein) or Electronic
Applications (both as referred to in Appendix G,
“Terms, Conditions and Procedures for Application
for and Acceptance of the Units in Singapore”) in
the Public Offer will have to pay the Offering Price on
application, subject to a refund of the full amount or,
as the case may be, the balance of the application
monies (in each case without interest or any share of
revenue or other benefit arising therefrom), where (i) an
application is rejected or accepted in part only, or (ii) if
the Offering does not proceed for any reason

 

[akwl88]

1) Sti Etf
2) Reit Etf
3) Healthcare Etf

Permanent Portfolio Strategy?

 

[lzydata]

850-page doorstopper.

 

[Asphodeli]

850-page doorstopper.

oh the booth is up liao ar?

 

[lzydata]

oh the booth is up liao ar?

No, just looking at the page count

 

[Aventad0r]

850-page doorstopper.

i open and close after seeing the number of pages

 

[Asphodeli]

OCBC and CIMB no placement...as in, they were not even given any shares for placement for their clients...either that or the allocated shares to OCBC and CIMB is very little...what's going on...

 

[garytj89]

OCBC and CIMB no placement...as in, they were not even given any shares for placement for their clients...either that or the allocated shares to OCBC and CIMB is very little...what's going on...

OCBC got placement. My broker did contact me

 

[Think09]

Frasers Logistics prices Singapore IPO at top end of range, to raise S$903m

It is the second mainboard IPO on the Singapore Exchange this year, and the biggest in about three years.

By Nicole Tan
Posted 10 Jun 2016 21:40 Updated 10 Jun 2016 22:33

SINGAPORE: Frasers Logistics and Industrial Trust is set to raise about S$903 million ($666 million) after pricing its Singapore initial public offering at the top of its indicative range in the country's biggest new listing in three years.

The real estate investment trust (REIT) said in a filing on Friday (Jun 10) that it is selling 521.7 million units - priced at 89 cents apiece - to institutions and retail investors.

It will also be the largest initial pure-play Australian logistics and industrial REIT to be listed on the Singapore Exchange (SGX).

All 51 properties under Frasers Logistics and Industrial Trust are located in Australia and are valued at almost S$1.6 billion. Going forward, the REIT manager said it is looking to expand beyond its initial Australian focus.

Said Mr Robert Wallace, CEO of Frasers Logistics & Industrial Asset Management: “There is visible growth available to the portfolio not just from the development platform but also from another nine assets that are being held on balance sheet at this point of time of Frasers Property Australia.

“Certainly in the longer-term future, given the strength of the sponsor, being Fraser Centrepoint Limited, there will be opportunities elsewhere potentially around Asia. The sponsor has a very good presence in Singapore, but I can see opportunities potentially being in markets such as Thailand, Malaysia and Vietnam."

The REIT is projecting a distribution yield per unit of 6.83 per cent for 2016 and 7.3 per cent for 2017.

Mr Liu Jinshu, director of research at NRA Capital, noted: "Industrial REITs on average generally yield between 6.4 per cent and up to 8 per cent. So in terms of yield, I think it's priced fairly reasonably. If you look at weighted average lease to expiry, it's about seven years. Seven years is quite decent. So to some extent, I think the REIT can sustain its dividend yield at the current offer price."

It is the second mainboard IPO on the SGX this year. Despite recent market volatility, observers said they expect to see retail investor interest, amid the search for yield. However, they also cautioned retail investors of potential currency risks.

Mr David Kuo, CEO of The Motley Fool Singapore, commented: "It's being sold at a price to book of about 1. So therefore you'd say everything there, all the metrics actually look quite good. In the case of Frasers Logistics, what you actually have with that is a little bit of currency risk as well.

“So people need to bear that in mind. Because what would happen if the Australian dollar were to fall against the Singapore dollar? How would that affect the returns you're going to get from your investment? So people have to balance a number of things."

The REIT is expected to have a market capitalisation of S$1.27 billion at listing.

- CNA/ms

http://www.channelnewsasia.com/news/singapore/frasers-logistics-prices/2862162.html

 

[Wood41]

Sure to attract some pessimistic dark forces in this forum to 'review' like all recent IPOs & got them wrong.

 

[Minx99]

Sure to attract some pessimistic dark forces in this forum to 'review' like all recent IPOs & got them wrong.

A few brave men...

 

[Asphodeli]

haha chill guys...definitely got differing opinions one...that's why there's a market, right?

Capitalism, ho!

 

[Amsterdan]

anyone here pressed? me pressed a little see can get or not, haha

 

[w1rbelw1nd]

1) Sti Etf
2) Reit Etf
3) Healthcare Etf

Permanent Portfolio Strategy?

Ur understanding of the term is wrong...

http://singapore-permanent-portfolio.blogspot.sg/?m=1

Sent from OnePlus A0001 using GAGT

 

[Dividends Warrior]

anyone here pressed? me pressed a little see can get or not, haha

Will press on Monday. Confident of a successful stag.

Confidence level: 8/10 popcorns

Come collect ur popcorn, guys!

 

[Perisher]

Actually most ipo I have pressed before Huat on first few days leh. I'm not talking long term but pressing ipo isn't all doom and gloom.

Sure to attract some pessimistic dark forces in this forum to 'review' like all recent IPOs & got them wrong.

 

[JuzMobile]

Will press on Monday. Confident of a successful stag.

Confidence level: 8/10 popcorns

Come collect ur popcorn, guys!

Wah, DW have spoken, must go press liao.

 

[Dix]

Is the conclusion that since this Fraser Industrial REIT is above book value while other industrial REITs are below book value, we should not go for this IPO?

 

[Bedokian]

Is the conclusion that since this Fraser Industrial REIT is above book value while other industrial REITs are below book value, we should not go for this IPO?

There is more than just book value when you look at REITs. Like conducting an FA, you will need to look at other factors such as macroeconomic factors, the potential of the REIT, the properties in the portfolio, etc.

 

[Amsterdan]

Will press on Monday. Confident of a successful stag.

Confidence level: 8/10 popcorns

Come collect ur popcorn, guys!

wah, shifu jin confident !! swee