Mapletree Greater China Commercial Trust *Official*(SGX: RW0U)

[Dividends Warrior]

So this means you sitting back to watch the show, or you planning to buy too?

I have never been interested in IPOs.

But it is interesting to watch.

 

[SpinFire]

I have never been interested in IPOs.

But it is interesting to watch.

Why you no support Ho Ching's IPO?

 

[Wood4]

No fun watching 3D.
Be involved ....... Shoot , blast all the way to the $bank$!

Go where the potential $$ is , be it IPO , REITs or blue chips.
No penny for me though.

 

[Departure81]

I have never been interested in IPOs.

But it is interesting to watch.

Thats true, but then again, this is Mapletree!

 

[Wood4]

Thats true, but then again, this is Mapletree!

No fear .
Mapletree or Mapleleave IPO or not , many IPOs are still
worth punting .

 

[Departure81]

No fear .
Mapletree or Mapleleave IPO or not , many IPOs are still
worth punting .

Lol I don't fear buying IPOs...

 

[ccostagmont]

P R E S S!

chiu donch press, den i worry.

 

[staedtler_07]

Any idea if how to get through the private placement? Not too sure if we use DBS Vickers can anot?

 

[Rafflesian]

The truckloads of scrips putting aside for public is comparable to that of Hutchison Port Trust (185.185mil) which is more than sufficient to satisfy all applicants.

Unless the Mapletree brand-name warrants more upside by way of instant capital appreciation on March 7, I see this as another boring overseas REIT that's merely overhyped. Let's not forget MCT's lackluster debut. In actual fact, yield for overseas REIT can only go up if it's priced too expensive, vice versa.

Take a look at Perennial, the failed attempt by ARA Dynasty, the rocky start by Ascendas Hospitality despite offering >8pct yield, the tanking of CRCT months after, the doomsday first-day trade of Religare, the disgusting performance of Hutchison since Day 1.

Keep your fingers crossed over the next 2 weeks.

 

[Sinkie]

The truckloads of scrips putting aside for public is comparable to that of Hutchison Port Trust (185.185mil) which is more than sufficient to satisfy all applicants.

Unless the Mapletree brand-name warrants more upside by way of instant capital appreciation on March 7, I see this as another boring overseas REIT that's merely overhyped. Let's not forget MCT's lackluster debut. In actual fact, yield for overseas REIT can only go up if it's priced too expensive, vice versa.

Take a look at Perennial, the failed attempt by ARA Dynasty, the rocky start by Ascendas Hospitality despite offering >8pct yield, the tanking of CRCT months after, the doomsday first-day trade of Religare, the disgusting performance of Hutchison since Day 1.

Keep your fingers crossed over the next 2 weeks.

This is a trust, not a REIT wor.

 

[Rafflesian]

This is a trust, not a REIT wor.

Check post 1's hyperlink, where yesterday's lodged prospectus was filed under Opera's typical REIT section, unlike business trust offerings.

A commercial REIT is still considered a "trust" from real estate
investments though.

 

[Sinkie]

Check post 1's hyperlink, where yesterday's lodged prospectus was filed under Opera's typical REIT section, unlike business trust offerings.

A commercial REIT is still considered a "trust" from real estate
investments though.

Oh thank you for the clarification

 

[Paul Lee]

Goodness!! Hey DW, get yr popcorn ready. We're having some pre-listing entertainment!

You would think that after all the posts that have been posted about the difference between a REIT and a Business Trust, there should really be a basic understanding by now about the difference between the 2. And of cos we dun try to determine if an IPO is a Biz Trust or a REIT on the basis of which section its posted on OPERA!

Need a quite refresher? Here we go:

So to avoid further confusion on whether MGCCT is a REIT or a BizTrust, let's look at the prelim prospectus and see what it say:

MGCCT is a Singapore real estate investment trust (“REIT”) established with the investment strategy of principally investing, directly or indirectly, in a diversified portfolio of income-producing real estate in the Greater China region which is used primarily for commercial purposes (including real estate used predominantly for retail and/or office purposes), as well as real estate-related assets.

(Page 1)

Price: $0.88 - $0.93

Total Offering: 776,636,000 Units (511,279,000 Placement; 265,357,000 Public inc 50,304,000 Reserved units)

Expected yield: 5.6% - 6% (1 Apr 13 - 31 Mar 14); 6.1% - 6.5% (1 Apr 14 - 31 Mar 15)

Expected DPU: 5.24c (1st yr) 5.69c (2nd yr)

Distribution Policy: 100% of distributable income (from listing till Mar 15). Thereafter at least 90% of distributable income on semi-annual basis. 1st distribution from listing to Sep 13 will be paid by 31 Dec 2013.

Property Summary

Trust Structure

Indicative Timetable Rem this is just indicative and subjected to changes.

 

[Dividends Warrior]

Thanks for the info Paul.

 

[Sinkie]

Nice. Thanks for the info too.

 

[InnovaIQ]

so means k whack lar???????????????????????moi nid 2 borrow monie frm moi relatives liao!!!!!!!!!!!!!!!!

 

[staedtler_07]

There is a quota. Perhaps it's wise to look through previous threads of IPOs to see the trend of the quota.

 

[Quest]

so this IPO a must buy?
still holding on MCT since IPO...just notice the price is 1.445 now

 

[healthytrader]

so this IPO a must buy?
still holding on MCT since IPO...just notice the price is 1.445 now

Cheers! I have also been holding on to MCT since IPO. Being doing great and collecting dividends along the way.

And yes, I do like the Mapletree brand name and the cornerstone investors vested. Feel that there's still some upside to the stock on basis of yield compression due to yield hungry investors; no, the investment story still has yet swung to other sectors despite the good start to 2013.
Just a dampener will be if the offer is finally priced to $0.93 when it reaches the retail level.
More here.

 

[chopra]

whack. will press on 4 or 5th march... in case black swan coming... lol