如何申请信托基金的IPO

batfly

昨天收到我的股票行的邮件，通知说有只信托基金可以申购，价格是0.8-0.87。不知这东西可以玩吗？从来没玩过。

batfly

Dear Clients,
                  
We are currently having a book building exercise for M&L Hospitality Trusts. The book is scheduled to close on the 25 April 2012, at 12 pm.

If you're interested applying for this IPO, do let me know asap so that I can apply to get the allocation for you.

Indicative strike price is between S$0.80 - S$0.87.

The details of the company are as follows:

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Company Background
M&L Hospitality Trusts is a stapled group comprising a real estate investment trust, M&L REIT, and a business trust, M&L BT.

M&L REIT is a hospitality REIT,  with the principal investment strategy of investing in a portfolio of income-producing hospitality real estate or real estate-related assets in the Asia Pacific region

Based on the book building price range of S$0.80 to S$0.87 per unit, the estimated yield for M&L Hospitality Trusts is 7.4% to 8.0% (FY2012 Annualised) and 7.7% to 8.3% (FY2013)

The initial property portfolio of M&L Hospitality Trusts comprises the following hotels:-


Hotel  Locations  Hotel Segment  
Ibis on Bencoolen  Singapore  Economy  
Ibis Novena          Singapore  Economy  
Four Points by Sheraton          Sydney, Australia  Mid-scale  
Swissotel Sydney  Sydney, Australia  Upper-scale  
Travelodge Docklands  Melbourne, Australia  Economy  
Hilton Nagoya  Nagoya, Japan  Upper-scale



Competitive Strength

1.        Diversified portfolio of quality cash-flow generating assets in key Asia Pacific markets, with 5 out of 6 hotels located in the world’s top 5 fastest growing hospitality markets (2010-2011 RevPAR growth for Sydney, Singapore and Melbourne is 17.6%, 11.8% and 8.3% respectively)

Ø        Hotels are all situated in prime areas within these cities

Ø        High barriers-to-entry markets underpinned by favorable supply / demand dynamics

2.        Hotels managed by internationally renowned brands (Starwoods, Swissôtel, Ibis / Accor, Hilton International)

3.        Stable cash flow from master leases and flexible capital structure with additional debt headroom for growth


Issue Statistics

Listing:                                    The Main Board of the Singapore Stock Exchange
Issue Size:                                   532,192,000 ordinary units
Overallotment:                        10% of the issue size or 53,219,000 units
Price range:                                  S$0.80 – 0.87 per unit
Implied Yield (Ann.2012)              7.4% to 8.0%
Estimated Yield (FY2013):        7.7% to 8.3%
Offer size:                                   S$426 – 463mm
Free float:                                   55% (pre-overallotment) and 61% (post-overallotment)

Red Herring Link

http://masnet.mas.gov.sg/opera/s ... D9482579DE003C2211/$File/P.%20Nove%20(M&L)%20Prelim%20dated%2012%20Apr%20%20(SIP1203-022)(part%201).pdf

batfly

这个能投不？