QUOTE(SKY 1809 @ Apr 14 2012, 10:17 AM)
But you heard about FD gave away 12% returns, right

Many reits depend on the strong supports from the bankers.
If one day the umbrellas are taken away , then another story.
So it is the chicken and egg issue, because you would say reits are very steady ones , so unlikely for bankers to over react abnormally , which is true also.
But that might not happen across the whole world

Look before you
fry, sori should be
fly .......
As it is always your plans,
so judge your own.
True... Saizen almost went bust when their creditors are chasing at their back...

Added on April 14, 2012, 1:00 pmQUOTE(wongmunkeong @ Apr 14 2012, 12:53 PM)
Domo arigato HTT-san for sharing your thoughts.
BTW, i thought Saizen re-paid all the "bounced" bonds in 2010/2011 and their bond ratings was also recently revalued upwards?
Sorry ar - picking your brains as i'm not that well-read in SGX REITs, hard to get statistical publications and Google reveals surface level info/data only
Wish i'm rich enough to subscribe to some historical ratios and financial KPIs + info.. argh..
I knew that because... I subscribe to the IPO and the thing went under water from the day it open

Hard lesson for me...
Just left with the unit in deep loss now, even they are paying distribution now but mentally already written down to 0 liao...
Only keep an eye on it on and off, think if I am not mistaken, their ratio seems to be better one, not that heavy and it should be stable and moving up slowly (I think their business model should be ok, but not their financing model previously, think they got their lesson too

).
Unlike Suntec (also from IPO), that's alike to FD with higher interest & appreciating slowly...
Nowadays I pick REIT partly considering their gearing and loan terms too. IMHO...
This post has been edited by htt: Apr 14 2012, 01:00 PM