SPH REIT AGM 02 DEC 2016

Attended SPH Reit Annual General Meeeting (AGM) on 02 December 2016 held at its sponsor area at SPH News Centre.

This is my second AGM for the year 2016. The first AGM (if you recall)  i attended is 8I Holdings, a stock listed in ASX.

As usual, all resolutions were passed. Most of the concerns raised are actually repeated, circling around on Seletar Mall acquisition will be realise in the near term and the threat of online shopping impose on retail shopping etc.

Below are the photos taken for the day = )

Sticker to identify you as shareholder

Nice view taken from outside of the building

Signals like this are placed at all possible entrances to direct shareholders.

My ''personnel'' token to vote as shareholder

The Panel of Chairman, CEO and Directors

Prove to show i voted ''for'' for all the resolutions. haha

SPH REIT 3Q DPU up 0.7% to 1.36 cents

SPH REIT reports DPU in 3Q16 increased 0.7% to 1.36 cents on the back of higher rental income achieved from Paragon.

One of thing I like about SPH REIT is its Good management. Although SPH REIT has only 2 properties under its portfolio, the management has since been trying hard on AEI to free up space to build more shops for rental. Below are examples.

“The Asset Enhancement Initiative involving the decanting of Air Handling Units at Paragon are progressing well and we have secured tenancies for all the newly created units ahead of its opening end of this year,” says Susan Leng, CEO of SPH REIT Management.

“We have received strong demand from retailers for the reconfiguration of Basement 1 at The Clementi Mall,” she adds. “The revamped food cluster will be a refreshing destination for our shoppers.”

really hope SPH REIT will acquire Seletar Mall from its sponsor this year. had been saying this in their outlook presentation for many quarters. *disappointed

Few update for 9th June 2016

SPH Real Estate Investment Trust (REIT) has the lowest gearing level of 25.7% among the 27 Singapore-listed REITs and six stapled trusts in the March quarter, a Singapore Exchange survey shows.

Mapletree Industrial Trust, Frasers Centrepoint Trust, CapitaLand Retail China and BHG Retail REIT all have gearing levels of below 30%.

UOB Kay Hian is keeping its “buy” call on ST Engineering with a $3.50 target price. The research house cites the “leadership” role the engineering service provider. The recent trial contract win for amphibious combat vehicles from the US Marines could further pave the way for more orders, boosting growth, it says. UOB also notes the company's capabilities in data analytics and cybersecurity which should eventually drive earnings growth compared with other industrials.

UOB Kay Hian has maintained its “buy” recommendation for Raffles Medical Group with an unchanged target price of $1.70. Here are the 5 reasons UOB Kay Hian believes Raffles Medical is “setting the stage for long-term growth”:

1) Priming for the big launch through acquisitions

2) Shanghai hospital project on track

3) Ensuring quality through group practice model

4) Continued growth at home market

5) Staff costs to remain elevated but not surprising