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19-03-2014, 05:47 PM
(19-03-2014, 05:37 PM)greengiraffe Wrote: I think we are dealing with a developer injecting assets that were being purchased over the years. In fact, for the Singapore developments, if you bother to put in time and google you will be able to uncover wealth of information.
The unfortunate situation here lies with the market's misconception (more applicable to PCRT) over the transformation. They remain confused as to the need to transform a supposedly yield vehicle into a perceived developer with high risks. The more unfortunate situation was exaggerated by the lone CIMB analysts' negative view that the transformation entails high development risks without looking closely as to how PCRT will eventually deliver on the yield promised.
I will post another thread on PCRT on my research of the Singapore assets to be injected into the RTO (valuations vs historical costs).
GG
(19-03-2014, 05:12 PM)opmi Wrote: How come this RTO so logical one? Whereas the other can stir fry until
jialat jialat?
Yes. Waiting to read your post.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster