22-10-2012, 11:07 PM
(This post was last modified: 22-10-2012, 11:08 PM by BeDisciplined.)
(14-10-2012, 11:10 PM)BeDisciplined Wrote: May I know why is China Treasury Trust a better buy than Dynasty Reits?
As for the DPU support and waiver, is it a fair deal? The IPO would raise ~RMB 5b to 5.4b, of which RMB 491m ~10% will be used in this support scheme. It mentions that the 3 properties rental has not yet stabilized and their current rent is ~20% below market rate. 34% of it is due for lease renewal which is good news. I am kind of dumbwit, how does this support scheme compare with one w/o support scheme? Sponsor is forgoing his DPU so .......??
Last year Hui Xian Reit still below IPO but its IPO yield is at ~4% and now should be higher would a lower reit unit price. Would you say its unit price weakness is due to its low IPO yield?
Thanks
Any advice or comments from the wise ones?