The company valuation of hui xian real estate investment trust according to these metrics is above the market valuation of its sector. In no circumstance shall the inclusion of or access to those documents in this website constitute an offer for sale or subscription of, or solicitation or invitation of any offer to buy or subscribe for, units of hui xian real estate investment trust or any other securities, whether in hong kong or in any other jurisdiction. Three rmbdenominated debt securities and one rmbdenominated reit have successfully listed and are trading on hkex. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by ft and is not intended to be relied upon by users in making or refraining from making any specific investment or other decisions. Link reit,419 100 0 hui xian reit 2,773 0 100 champion reit 2,348 100 0 fortune reit 1,780 100 0 yuexiu reit 1,518 0 100 langham hospitality trust 927 100 0 regal reit 889 100 0 sunlight reit 763 100 0 prosperity reit 520 100 0 new century reit 377 0. Total revenue was 2% below our forecast, primarily driven by lowerthanexpected income from the malls. Hui xian reit, the property flagship controlled by hong kong billionaire li kashing, has set an indicative range for its initial public offering pricing of a yield of 4 percent to 4.
As of 31 december 2018, hui xian reit has properties located in four key. The objectives of the reit are to produce stable and sustainable distributions to unitholders and to achieve longterm growth in the net asset value per unit by owning and investing in commercial properties. Hui xian reit was established on 1 april 2011 and had not carried on any operation prior to 29 april 2011 date of listing and its units. Ara us hospitality trust lodges prelim prospectus the edge. When it launched its ipo in 2011, its main asset is oriental plaza zh, a business park in beijing. Update on hkex rmb product developments 5 september 2011. Suntec reit, cache logistics trust and ara us hospitality trust, listed i n singapore. Tom group jv stakes in infrastructure1 coowned assets jvs pure play property company leading hong kong property developer rental properties and hotels2 consolidated china development property business listed property related investments e. Hui xian said the sheraton investment improves the value of the reits real estate portfolio, increasing gross floor area and valuation by about 9. Oue commercial reit welcome to oue commercial reit.
Suntec reit and cache logistics trust listed in singapore, hui xian reit and prosperity reit listed in hong kong. Hui xian real estate investment trust creditriskmonitor. Oue commercial real estate investment trust oue creit is a singapore real estate investment trust reit listed on the singapore exchange securities trading limited sgxst. Hong kong stock exchange realtime stock quotes, news and financial information from cnbc. It is the first product listed on the hong kong stock exchange denominated in yuan.
Hk including stock quotes, financial news, historical charts, company background, company fundamentals. Suntec reit and cache logistics trust, listed in singapore. Its free to post and participate in hui xian reits discussion. The mall segment rents out the shopping mall and parking spaces in oriental plaza. Rmb readiness list had traded at least once in the hui xian reit. The introduction of renminbi rmb products is a key aspect of the strategic plan 2010. Apr 08, 2011 hui xian reit, the property flagship controlled by hong kong billionaire li kashing, has set an indicative range for its initial public offering pricing of a yield of 4 percent to 4. Investors are advised to refer to the funds prospectus for more details on the fund. Hong kong including stock price, stock chart, company news, key statistics, fundamentals and company profile.
Hui xian reits interest in oriental plaza has a finite term of 38 years. The ara group directly manages five other listed reits, which include fortune reit that is primary listed in hong kong and secondary listed in singapore. Sunlight reit is for the financial years ended june 30, 2016, 2017 and 2018. The following questions and answers provide an update on hkexs efforts to develop sustainable markets for rmb products.
Hui xian is the first rmbdenominated reit listed in hong kong, and until its. The apartments segment manages and operates residential apartments. Final prospectus free download as powerpoint presentation. When it launched its ipo in 2011, its main asset is oriental plaza, a business park in beijing in 2012, hui xian reit had the second highest market capitalization among reits in hong kong. Hk stock quote, history, news and other vital information to help you with your stock trading and investing.
Jan 9 reuters hui xian reit consideration for chongqing acquisition is subject to an overall cap of rmb300 million chongqing purchaser, entered into. The introduction of renminbi rmb products is a key aspect of the strategic plan 20102012 of hong kong exchanges and clearing limited hkex. Hui xian real estate investment trust 6,890,000 4,362,865 2. A unique investment opportunity into a portfolio of high. It is also behind hong konglisted hui xian reit and owns the manager of prosperity reit, as well as fortune reit, listed on both singapore and hong kong. Hui xian said the sheraton investment improves the value of the reit s real estate portfolio, increasing gross floor area and valuation by about 9. Webbsite reports news, analysis and opinions since 1998. You should read the relevant prospectus and product highlights sheet obtainable from appointed distributors of nikko am asia or. Attachment 1 ara asset management limited investor relations. The company valuation of hui xian real estate investment trust according to these metrics is below the market valuation of its peer group. Briefhui xian reit updates on proposed acquistions of. The objectives of the reit are to produce stable and sustainable distributions to unitholders and to achieve longterm growth in the net asset value per. Ara us hospitality trusts maiden results exceed ipo forecast.
Ara us hospitality trust lodges prelim prospectus the. The pearnings ntm ratio of hui xian real estate investment trust is lower than its historical 5year average. Hui xian reit has recorded a decline in unit price since its ipo. Jan 09, 2017 jan 9 reuters hui xian reit consideration for chongqing acquisition is subject to an overall cap of rmb300 million chongqing purchaser, entered into chongqing spa with chongqing vendor. All content on is for your general information and use only and is not intended to address your particular requirements.
Link reit is for the financial years ended march 31, 2016, 2017 and 2018. Hui xian real estate investment trust hui xian reit is a hong kong collective investment scheme authorised under section 104 of the securities and futures ordinance chapter 571 of the laws of hong kong. Here is why chinafocused hui xian reit is worth looking at. Its asset is its investment in hui xian bvi, which in turn holds hui xian investment limited, the foreign joint venture partner of beijing oriental plaza co. When it launched its ipo in 2011, its main asset is oriental plaza zh.
Listed on the singapore exchange on 12 april 2010, cache logistics trust is a real estate investment trust. The group directly manages fortune reit, dual listed in singapore and hong kong. Bop holds the land use right and building ownership rights of beijing oriental. Dividend policy trend and dividend history were not adjusted by the changes of the.
The growth of reit markets in asia 211 singapore, real estateintensive organizations. Suntec reit and cache logistics trust that are listed in singapore. Hui xian reit high yield, low gearing an investment. Hk including business summary, industrysector information, number of employees, business summary, corporate governance, key executives and their. The pearnings ntm ratio of hui xian real estate investment trust is higher than the average of its sector diversified reits. Ip was previously a nonexecutive director of ara asset management limited whose shares were withdrawn from listing on 19 april 2017. Hui xian reit is governed by the deed of trust constituting hui xian reit dated 1 april 2011 as amended by four supplemental deeds dated 24 may 20, 16 may 2014, 28 may 2015 and 19 may 2017 the trust deed made between hui xian asset management limited the manager and db trustees hong kong limited the trustee, and the code on real. Limited the company to be held at the grand ballroom, 1st floor, harbour grand kowloon, 20 tak fung street, hung hom, kowloon, hong kong on thursday, 10 may 2018 at 2. Real estate investment trust reit real estate investment trusts are listed trusts that are required to adhere to a certain operating model including the maximum level of debt, the distribution of income, the location of real estate assets it invests in and the management of these assets. Hui xian reit will be first rmbdenominated reit listed in hong kong. The discrepancy in net property income versus our forecast. Stock analysis for hui xian real estate investment trust 87001.
Final prospectus prospectus finance securities finance. Hk 11 april 2011 sun hung kai financial 1 disclaimer this report note has been prepared by sun hung kai investment services limited shkis, and together with its associates and subsidiaries sun hung kai financial or. Offering for hui xian real estate investment trust hui xian reit, the first. Its free to post and participate in hui xian reit s discussion. Hui xian reit is the first offshore rmb denominated equity offering in hong kong and the first rmb denominated reit in the world. Sep 14, 2012 a reits the group is one of the largest reit managers in asia exjapan and currently manages six reits listed in three countries namely, fortune reit duallisted in singapore and hong kong, suntec reit and cache logistics trust listed in singapore, hui xian reit and prosperity reit listed in hong kong and amfirst reit listed in malaysia. The offices segment leases out the office buildings. Hui xian real estate investment trust engages in owning and investing in commercial properties. Financials financial results for the full year ended 31 december 2016. According to a statements by the companies involved, cheung kong holdings and hutchison whampoa both holding companies belonging to li agreed to sell the metropolitan plaza complex in the western chinese city to hui xian real estate investment trust.
Hui xian real estate investment trusts interest in oriental plaza in beijing will expire in. The prospectus has been registered by the mas on 2 may 2019. It also indirectly manages reits in japan, australia, singapore and malaysia through. Sep 04, 2017 a real estate investment trust is required to distribute at least 90. Hui xian real estate investment trust is a hong kongbased real estate investment trust reit. Hui xian real estate investment trust diversified reits china 3. The reits low gearing and recent acquisition of metropolitan plaza provides potential for dpu accretion. A real estate investment trust is required to distribute at least 90. The prospectus presented the 8 month profit forecast for the period from 1 may 2019 to 31 december 2019. Rmbdenominated equity ipo outside of mainland china and the. As of 31 may 2011, 196 exchange participants eps, out of total 3 eps on the list of rmb readiness, have traded at least once in the hui xian reit. Hui xian cayman is a direct whollyowned subsidiary of hui xian holdings which in turn is ultimately owned by a consortium of six investors, comprising cheung kong holdings limited 33. The group directly manages fortune reit, duallisted in singapore and hong kong. Jul 30, 2019 ara is one of the largest reit managers in asia pacific.
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