How many lots of MLT did you apply for?
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I think I grabbed too much...I applied for 30 lots....a bit worried now...
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I not into IPO.. no time to monitor anyway..
wat's the story about MLT and wat's so attractive? -
Its Singapore first Logistic REIT. Properties consist of those in Changi Airport and Toh Tuck road. The promise of a 6% yield is too great for me to resist.Originally posted by k4korny:I not into IPO.. no time to monitor anyway..
wat's the story about MLT and wat's so attractive?
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For those who has no idea what's going on:
Singapore Mapletree REIT To Focus On Regional Expansion
See their Website at :
SINGAPORE (Dow Jones)--Mapletree Logistics Trust, which launched its initial public offering Monday, intends to diversify beyond Singapore to grow its portfolio and increase yields.
The real estate investment trust is selling 310.9 million units at an indicative price range of S$0.63 to S$0.68 a unit. Pricing will take place after the offer closes on July 22, and the units will start trading on the Singapore Exchange on July 28.
Mapletree Investments Pte. Ltd., a wholly owned unit of Temasek Holdings Pte. Ltd., Singapore's state-owned investment company and the IPO sponsor, will own 38.5% of the REIT after the IPO.
Should an overallotment option be exercised in full, Mapletree Investments' stake will fall to 30%.
Outlining Mapletree Logistics' strategy at a press briefing, Chief Executive Chua Tiow Chye said the REIT is positioning itself as an "Asia-focused logistics trust" with assets across the region. This would involve "following the clients" as the REIT expands its operations from Singapore into the Asia-Pacific region and tapping the pipeline offered by Mapletree Investments.
According to Mapletree Logistics, "the sponsor is committed to support the growth of MLT (Mapletree Logistics) by undertaking development of logistics properties or acquiring assets that fit within MLT's investment strategy but which might not be immediately suitable for acquisition by MLT."
Mapletree Logistics currently has a portfolio of 15 logistic properties in Singapore valued at S$422 million.
Based on the indicative price range, Mapletree Logistics will provide investors with an annualized distribution yield of 6.0%-6.3% this year and 6.2%-6.5% next year, which is higher than the 4.5%-5.0% forecast yields offered by the five REITs that are already listed in Singapore.
DBS Bank, a unit of DBS Group Holdings Ltd. (D05.SG), and UBS AG are the joint financial advisers, underwriters and bookrunners of the Mapletree Logistics IPO.
http://www.mapletree.com.sg/news/news.html# -
Wanted to get 10 lots for myself but decided against it.... dun wan to spend the money hurhurhur...I dun think u will get 30 lots bah..... this is a popular IPO... everyone has been eyeing it since news were out....
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6% yield? some of the companies are already giving dividend ard there right? But plus capital gains.. probably you'll get quite good returns lah..Originally posted by shade343:Its Singapore first Logistic REIT. Properties consist of those in Changi Airport and Toh Tuck road. The promise of a 6% yield is too great for me to resist.
somemore nowadays REIT IPOs are so hot.. -
Actually...Im angry that they did not list a star property in this REIT.
But 6% yield....is still better than Suntec REIT 4.9%.... -
How come you decide against it leh? if first day see it rise, will dui or not?Originally posted by gasband:Wanted to get 10 lots for myself but decided against it.... dun wan to spend the money hurhurhur...I dun think u will get 30 lots bah..... this is a popular IPO... everyone has been eyeing it since news were out....
Which property is that?Originally posted by shade343:Actually...Im angry that they did not list a star property in this REIT. But 6% yield....is still better than Suntec REIT 4.9%....
dun think you should be worried about your 30 lots lah.. if you really get it, it will be like you kenna 4D first prize man.. -
MLT ipo closing today!
those who are thinking but haven action yet, today's your last chance.
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I have been eyeing it since last year...was hoping that they would list the Alexandra Business Hub and or Vivo city as part of the reit...but they didnt!!Originally posted by gasband:Wanted to get 10 lots for myself but decided against it.... dun wan to spend the money hurhurhur...I dun think u will get 30 lots bah..... this is a popular IPO... everyone has been eyeing it since news were out.... How to grow in the third year??? 
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its too late. IPO application closed at 8am this morning...Originally posted by k4korny:MLT ipo closing today!
those who are thinking but haven action yet, today's your last chance. -
WTH!!! I was only allocated 2 miserable lots...I wanted 20....
Must grab on Open Market liao... -
Now you know what i mean when I say: I'm not following this IPO rite?Originally posted by shade343:its too late. IPO application closed at 8am this morning...
2 lots is... *gasp* ... PEANUTS!!Originally posted by shade343:WTH!!! I was only allocated 2 miserable lots...I wanted 20.... Must grab on Open Market liao...
aiyah but better than nothing lah.. how high do expect it to go on the first day?
According to website, IPO is 43.88 times over-subscribed.
and.. Hopefully, DBS dun announce it screwed up the IPO like it did for longcheer ah!
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There are 4 banks handling this IPO...This is the first time I hear that 4 banks want to readily handle this IPO....I wonder why...Originally posted by k4korny:2 lots is... *gasp* ... PEANUTS!!
aiyah but better than nothing lah.. how high do expect it to go on the first day?
According to website, IPO is 43.88 times over-subscribed.
and.. Hopefully, DBS dun announce it screwed up the IPO like it did for longcheer ah!
Tml the STI index should be up again.
I expect MLT to hit 90cents on first day of trading....same thing as Pearl Energy...like that I can take profit instantly. Maybe buy them back again at 70-80 cents.