【YTLREIT 5109 交流专区】杨忠礼酒店产托（前名STAREIT）

nond

一切还是个未知数。股市现在又不跌，要转其他股的风险比起保留守手上的stareit风险更高。所以，暂时还是会保 ...
不正不正 发表于 13-7-2010 12:54 PM

    同意同意! 只好一时时key in 比 best 5 offer price 更低的价钱来止痒。

不正不正

每次 stareit宣布派息，股价就会逐渐上升。
而等到派息后，又会下跌。
下跌后，又会在下一次的派息接近时，再起回。

nond

每次 stareit宣布派息，股价就会逐渐上升。
而等到派息后，又会下跌。
下跌后，又会在下一次的派息接近时 ...
不正不正 发表于 14-7-2010 02:23 PM

    是啊， 有想过以此来赚快钱吗？其实很多周期股都是这样的。我本身就放了一小部分在钢铁股玩capital gain. 但它的周期较长。。 stareit 虽然不是周期股， 但如果熟悉它的走势的话说不定可以玩玩，反正capital gain 不成可以收股息

leeccg

感觉上，这次的stareit 有点不一样了。没什么人敢在这时候买，为了拿那一点点的利息，却要面对stareit 重组后的命运。很多投资者可能都会暂时观望。

特别利息没派出来，证明那些钱应该会被用在买酒店了。我对stareit 的前景还不是很乐观。

不正不正

5109    STAREIT    STARHILL REITS

Changes in Director's Interest (S135)

Particulars of Director 37 Name : Dato' Hj Mohamed Zainal Abidin Bin Hj Abdul Kadir NRIC/Passport No./Company No. : Nationality/Country of Incorporation : Address: 138, Lorong Zaaba Taman Tun Dr. Ismail 60000 Kuala Lumpur Descriptions (Class and Nominal Value): Units in Starhill Real Estate Investment Trust Name and Address of Registered Holder: Details of Changes Date of Notice : 12/07/2010 Transactions: No. Date Transaction Type No of Shares Price (RM) 1. 07/07/2010 Acquired 11,000 - 2. 08/07/2010 Acquired 39,000 - Circumstances by reason of which change has occurred: Purcase of shares in the open market Nature of Interest: Direct Consideration: No of Shares Held After Changes: Direct : 70,000 shares (0.0060%) Indirect/Deemed Interest : 0 shares (0.0000%) Total : 70,000 shares

nond

各位大大有别国类是hotel reit 的资料吗？ 我想知道到底hotel reit 有的做吗？到时它的occupancy rate 的波动不是很大咯？旅游旺季高，淡季低？

不正不正

回复 1566# nond


    可以从ylt年报来了解YLT的酒店业务如何。

不正不正

2010年 -  投资Stareit租金回筹6.8%

2010年 - 歪歪Stareit投资回筹计算

第二次租金分派为RM0.0319时，也代表每持有一张Stareit, 可得净租金收入为

2010 Interim income distribution - RM0.032865 或净租金收入RM29.58
2010 Final income distribution -  净租金收入RM28.71 （RM31.90 - RM3.19）
-------------------------------------
2010 总净租金收入 = RM58.29
-------------------------------------

歪歪购买Stareit的平均价为RM0.854

RM58.29/RM854 = 6.83%

这RM0.854的平均价是没有包括过去几年从Stareit所得到。

Stareit转为Starhill Global Hospitality Reit到底是危或是机也还是个未知数。

暂时歪歪决定先保留此股在股票组合中，不做换马的决定，只等收租金，等看八月份的最新年报再做打算。

过去一直换股，而换股过后，也会发现继续收息反而会更好。当然就除了以下三种股是列外，不值得长收的；

1)   没有赚钱盈利的公司或是做着亏本生意
2）派息率比定期还不如，甚至是不派息
3）大股东不停卖自家股票

预测；
1）Stareit除了转型会带来个未知数，但最坏的结果会是盈利下跌，也而不至于业绩转红。而再下一次的租金分派也预测不至于比定期还差。

Stareit Manager 共持有越67%的比例，也因此相信持股更多的经理们对于Stareit未来盈利发展更为上心。

不正不正

以我的平均价RM0.854得到的6.8%的回筹比上不足，比下有余。

不过，我有点担心的是，转型后的租金分发会变得更少。

而股票投资，不管投资在那家公司都有会随时遇到一些的变化，所以也决定暂不会选择换马，除非业绩真的非常糟糕。

此外，除非STAREIT的价格跌少过八角，要不然，都很难吸引我再去加码。

nond

2009 YTL annual report pg119
酒店与餐馆收入才 1.6 亿，按年下降7%。因找不到相关成本所以预计不到净利。。。

STAREIT 2009 收入1.1亿，丢了LOT10 N STARHILL 不知会剩下多少，转完YTLHOTEL去STAREIT收入也没有增加一倍 （1.6亿+ 0.5亿 ASSUME50%《 2.2亿）。当然这是没意义的算法啦，也没加进新买的日本resort

最重要的还是净利 ！

nond

不知这间会收进STAREIT？ 我觉得如果专注在高级HOTEL说不定还好过SHOPPING MALL 呢，因为有钱人365天都负担得起豪华型度假，不是普通人能想象的。就像以前STARHILL 那样，我很纳闷那么少人走， 那些名牌店受得了要付高租金吗？？？ 但事实它们都赚得笑呵呵呢。


YTL Community News, July 15, 2010
http://www.ytlcommunity.com/commnews/shownews.asp?newsid=54513


St. Tropez, France: It was a typically perfect summer’s evening with cloudless skies, as YTL launched the Muse Hotel de Luxe, the pinnacle of French luxury and lifestyle. Coinciding with Bastille Day, the most important day of the French calendar, there was indeed a lot to celebrate. Boasting 7-star service for just 15 exclusive suites, The Muse is the toast of St. Tropez, offering luxury as St. Tropez has never seen before. 250 of the world’s most glamorous people attended the opening, dressed chic in the best of French Riviera fashion.

Old friends of the owner, Francis Yeoh, the managing director of YTL, including Michelle Yeoh and Jean Todt came to celebrate, as well as musical stars Russell Watson and the legendary George Benson. Russell Watson gave an enchanting impromptu performance, serenading the audience with his hits ‘Caruso’ and ‘Volare’. George Benson then took stage for a gig that drove the crowd wild. Over the course of the night, the audience was enthralled by the circus acts of the famous Le Clique. The gathering also brought new friends in billionaires Stephen Schwarzman, Chairman and CEO of the Blackstone Group, Leonard Blavatnik and Olivier Martinez, a renowned French actor, among other tycoons. Many of the guests agreed that this was one of the best parties they had attended in St. Tropez in years, and by Tropezian standards, that is a true compliment.

The hotel came from the vision of YTL managing director Francis Yeoh, who as a student in 1976 visited this idyllic town on the French Riviera. He became immediately fascinated with the romantic feel of the town, its architecture and its history. When the opportunity came to create something in St. Tropez, the Muse Hotel de Luxe was born. The aim was to avoid the crass commercialism that befalls most scenic seaside towns that became laced with ugly high-rise carbuncles. St. Tropez stands alone among these towns, has through strict regulation has kept the charm of Provence intact, keeping the splendour that Cezanne had so beautifully portrayed in his paintings. The Muse salutes and complements pristine St. Tropez.

Yeoh quipped that “God had gifted the French with the very best in luxury and lifestyle: the best wines such as Petrus and Mouton Rothschild; excellent food through chefs like Alain Ducasse and Paul Bocuse, fashion from Louis Vuitton to Yves Saint Laurent; and the finest jewellery from Cartier and Boucheron. Why for God’s glory does this not extend to hotels?” With this in mind, Yeoh created the Muse Hotel de Luxe, along with French partners Adrian Jossa and another, who shared similar dreams. The Muse is dedicated exclusively to true lovers of luxury, comfort, sophistication, quality in the very essence of French glamour and elegance.  

Muse is a magnificent collaboration of some of the most notable French and European talents: the renowned landscape  architect Sophie Agata Ambroise; fashion designer Alexis Mabille – the darling of the Paris fashion scene (who has designed chic uniforms); Clemente Bruno, the king of Truffles; and the highly talented Chef Nicolas Le Toumelin.

Ambroise, whose previous project was the enchanting gardens of the Bulgari Hotel in Milan, has created a sustainable masterpiece of 160 different plant species, some of which are fast disappearing from the French landscape. This is a standard YTL request. Biodiversity is maintained, with a rich palette of Mediterranean colours in intriguing shades of white, purple and grey to excite the eyes and maintain the sense of peace and harmony throughout.

Each suite is named after the muses to whom the hotel is dedicated, legendary leading ladies such as ‘Edith’ (Piaf) ‘Catherine’ (Deneuve) and ‘Lauren’ (Bacall).

Exclusive retro-chic furniture made-to-order and carved by the Henryot Company, is reminiscent of the elegant exuberance of the Art Deco period, but softened with fine, sensuous materials like linen, cotton and silk fabrics, all by Pierre Frey. The hotel is as cool as it is classy. Though cool but not distinctly French, guests are given their own Apple iPad, for use throughout their stay.

Francis Yeoh thanked the Lord Jesus Christ for blessing YTL with the opportunity to produce such a beautiful hotel in St. Tropez.

不正不正

SUMMARY OF KEY FINANCIAL INFORMATION

30/09/2010

		INDIVIDUAL PERIOD	CUMULATIVE PERIOD
	CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2010	30/09/2009	30/09/2010	30/09/2009
		$$'000	$$'000	$$'000	$$'000
1	Revenue	8,244	28,057	8,244	28,057
2	Profit/(loss) before tax	15,424	20,476	15,424	20,476
3	Profit/(loss) for the period	15,424	20,476	15,424	20,476
4	Profit/(loss) attributable to ordinary equity holders of the parent	15,424	20,476	15,424	20,476
5	Basic earnings/(loss) per share (Subunit)	1.31	1.74	1.31	1.74
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1662		1.1662

Remarks :

skyboy04

回复 1572# 不正不正

EPS跌了这么多，之前讲的酒店产业也还没inject。

不正不正

如果没有记错，该进行表是今年之前先卖出产业。
而到明年六月的六个月时间，则会是开始输入酒店产业。

而EPS下跌，因为STARHILL， LOT10卖出的关系。

nond

各位同志，STAREIT终于行动了！ 一口气买了九个产业。

(i) Cameron Highlands Resort;
(ii) Hilton Niseko 1;
(iii) Vistana Penang;
(iv) Vistana Kuala Lumpur;
(v) Vistana Kuantan;
(vi) The Residences at The Ritz-Carlton, Kuala Lumpur 2 (“Residences@Ritz-Carlton”);
(vii) The Ritz-Carlton Hotel, Kuala Lumpur (“Ritz-Carlton, KL”);
(viii) Pangkor Laut Resort 3; and
(ix) Tanjong Jara Resort

http://www.klse.com.my/website/bm/listed_companies/company_announcements/announcements/index.jsp

nond

Submitting Merchant Bank : AMINVESTMENT BANK BERHAD   
Company Name : STARHILL REAL ESTATE INVESTMENT TRUST   
Stock Name  : STAREIT   
Date Announced : 14/12/2010   

Type : Announcement
Subject : STARHILL REAL ESTATE INVESTMENT TRUST (“STARHILL REIT” OR “TRUST”)

PROPOSED ACQUISITIONS OF HOSPITALITY RELATED PROPERTIES PURSUANT TO THE RATIONALISATION EXERCISE TO REPOSITION STARHILL REIT AS A FULL-FLEDGED HOSPITALITY REAL ESTATE INVESTMENT TRUST (“REIT”) (“PROPOSED ACQUISITIONS”)

Contents : We refer to the announcement dated 28 June 2010 in relation to the completion of the disposal of Starhill Gallery and Lot 10 properties by Starhill REIT to Starhill Global REIT.

On behalf of Pintar Projek Sdn Bhd, the manager of the Trust, AmInvestment Bank Berhad (a member of AmInvestment Bank Group) wishes to announce that as part of the rationalisation exercise to reposition Starhill REIT as a full-fledged hospitality REIT, Maybank Trustees Berhad (as the trustee for Starhill REIT) has entered into several agreements for the purposes of the Proposed Acquisitions on 14 December 2010.

Please refer to the attachment below for the full details of the announcement.

This announcement is dated 14 December 2010.

nond

到目前为止账面蛮美的。会用共1054 MIL 买产业 ：其中536。5MIL 现金 ，372MIL CPU 及145。5MIL 新股。
重点是NAV1.17 会减少至1.15 ，
DPU 不减反增 6.49 变 6.89 SEN，
而周息率 7.38  变 7.83%
当然这是预测只供参考- 详情请看http://www.klse.com.my/website/b ... uncements/index.jsp

各位同志，要进场了吗？

不正不正

The Proposed Acquisitions entails the acquisitions of the following hospitality related properties
(together with appurtenant assets) (“Properties”) for a total indicative purchase consideration of
RM1,054.0 million (“Purchase Consideration”) to be satisfied via a combination of cash (“Cash
Consideration”), issuance of new units in Starhill REIT at an issue price of RM1.00 per unit
(“Consideration Units”) and convertible preference units issued by Starhill Global REIT (“CPUs”) which are currently held by the Trust valued at SGD1.00 per CPU:

(i) Cameron Highlands Resort;
(ii) Hilton Niseko 1;
(iii) Vistana Penang;
(iv) Vistana Kuala Lumpur;
(v) Vistana Kuantan;
(vi) The Residences at The Ritz-Carlton, Kuala Lumpur 2 (“Residences@Ritz-Carlton”);
(vii) The Ritz-Carlton Hotel, Kuala Lumpur (“Ritz-Carlton, KL”);
(viii) Pangkor Laut Resort 3; and
(ix) Tanjong Jara Resort 1.


Starhill REIT will subsequently lease the Properties to the respective vendors/lessees4 for an initial lease period of 15 years (except for Residences@Ritz-Carlton) with an option granted to the respective lessees to renew for a further term of 15 years. For Residences@Ritz-Carlton, the Trust will assume an existing lease agreement with the remaining term of approximately 21 years (expiring 30 June 2031) with an option for the lessee to renew for a further term of 15 years. The lease payments for the Properties are fixed and include a 5% step up rate every 5 years.


Upon completion of the Proposed Acquisitions, Starhill REIT will be positioned as the first full-fledged hospitality REIT in Malaysia with ten (10) hospitality properties located in prime leisure and/or business tourism locations in Malaysia and Japan, which will provide a platform to enable the Trust to focus on a single dedicated class of assets. The lease of the Properties to the respective lessees will provide the Trust with a steady and secure income stream which substantially mitigates risks normally associated with the hospitality industry.

The Proposed Acquisitions and the lease arrangements are deemed to be related party transactions
pursuant to Chapter 9 of the Securities Commission (“SC”) guidelines on Real Estate Investment Trusts (“REIT Guidelines”) due to the interests of certain Directors and major shareholders of the Manager and major unitholders as set out in Section 8 of this announcement.

不正不正

回复 1577# nond


    我从来没有放弃过，从第一次开始累计STAREIT单位，都没有卖过。

不正不正

Actual distributable income after tax for FY2011 is expected to be significantly different from
the above in view that the Proposed Acquisitions are expected to complete towards the end of
FY2011. Barring any unforeseen circumstances and subject to the cash available after working
capital requirements, Starhill REIT will endeavour to maintain a DPU for the FY2011 of at least
6.49 sen utilizing its existing undistributed income available for distribution.