IPO Price = $0.93
- Current Yield = 6.00%
- Price-to-book Ratio = 0.999
- Assets per unit = $1.337
- Debt per unit = $0.406
- Gearing = 30.4%
- Secured NAV = $0.931 (100%)
Far East Hospitality Trust has launched its IPO which is priced at the top end of their indicative range. This shows that the demand is very high and if the range is larger, it could have been even higher.
At 6.00% yield, it would not have met my investment criteria of 8% but there are other attractive factors like 100% secured NAV and opportunity to invest directly into Singapore's tourism sector. I believe it will trade to a level that is the same as CDL H-Trust.
Because it is priced at the top end of the indicative range, I have applied for its IPO hoping that I will get some of them. I am quite sure that when it starts trading on the 27th August 2012, it will be above $0.93.
At 6.00% yield, it would not have met my investment criteria of 8% but there are other attractive factors like 100% secured NAV and opportunity to invest directly into Singapore's tourism sector. I believe it will trade to a level that is the same as CDL H-Trust.
Because it is priced at the top end of the indicative range, I have applied for its IPO hoping that I will get some of them. I am quite sure that when it starts trading on the 27th August 2012, it will be above $0.93.
No comments:
Post a Comment