Tuesday 28 May 2013

SPH: REIT?

There's been a lot of talk about possible SPH REIT this week. I must say, my friend who works in SPH told me a couple of months ago, and i just brushed it aside. 

It's all about the money isnt it? Should SPH should stick to their core business of providing news to the public?  or go beyond media?

Is SPH being too aggressive with their latest acquisition of SGcarmart and now listing a retail REIT for the public. I think its a bold move and shareholders of SPH will benefit the most. The rationale behind the proposed listing is simple to understand and very clear. The establishment of SPH REIT will allow SPH to get back some of their locked up capital in properties and fund its growth and also give out special dividends to its long term shareholders.
 

No i wish i had bought SPH back in 2010. No matter...with all these news, SPH is becoming more and more volatile. Will it still be one of the steady blue chip stocks in STIndex? I think so. Plenty of opportunities will come around next "FALL" to pick it up, but for the time being, too hot for me.

1 comment:

  1. Ha! Ha!
    Too hot! Too hot!
    Definitely.
    If not, then why do you think SPH chooses this time and not 2012 to spin-off the properties as REITS?
    Ha! Ha!

    ReplyDelete