Invest, Trade and Save in Singapore, Syfe

Syfe

Invest, Trade and Save in Singapore

Syfe is an investment platform offering Managed Portfolios, Brokerage services, and Cash Management solutions to help people build wealth for a better future.

Thematic (Sector/Industry)

Singapore’s Industrial REITs (S-REITs) remain exposed to macroeconomic volatility given the city-state’s trade-dependent economy.The latest U.S. tariff announcements and reciprocal trade measures present risks to export-driven industries, which form a significant tenant base for many REITs. Coupled with lingering inflation pressures and uncertainty around global monetary policy, these dynamics could dampen business sentiment and moderate tenant expansion.Geopolitical tensions and slowing economic growth projections further cloud the near-term outlook.

Singapore’s Industrial REITs (S-REITs) remain exposed to macroeconomic volatility given the city-state’s trade-dependent economy.The latest U.S. tariff announcements and reciprocal trade measures present risks to export-driven industries, which form a significant tenant base for many REITs. Coupled with lingering inflation pressures and uncertainty around global monetary policy, these dynamics could dampen business sentiment and moderate tenant expansion.Geopolitical tensions and slowing economic growth projections further cloud the near-term outlook.

Singapore Industrial REITs: Global Uncertainties as Headwinds Cloud Near-Term Outlook

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ntt-dc-reit" target="_blank" data-smartkarma-citation="entities:45414:1" rel="noopener">NTT DC REIT (NTTDCR SP)</a>, a data center REIT, raised around US$772m in its Singapore IPO.</li>
<li>The IPO portfolio comprises six mainly freehold data centres in the U.S., Austria and Singapore with an aggregate appraised valuation of US$1.6bn</li>
<li>We have looked at the past performance in our earlier notes. In this note, we will talk about the trading dynamics.</li>
</ul>



NTT DC REIT (NTTDCR SP), a data center REIT, raised around US$772m in its Singapore IPO.
The IPO portfolio comprises six mainly freehold data centres in the U.S., Austria and Singapore with an aggregate appraised valuation of US$1.6bn
We have looked at the past performance in our earlier notes. In this note, we will talk about the trading dynamics.


NTT DC REIT IPO Trading - Decent Demand, High Yield and Discount Should Help

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ntt-dc-reit" target="_blank" data-smartkarma-citation="entities:45414:1" rel="noopener">NTT DC REIT (NTTDCR SP)</a> is the exclusive S-REIT vehicle sponsored by NTT Group. It has raised US$773 million at the offer price of US$1.00 per unit.   </li>
<li>I discussed the listing in <a href="https://www.smartkarma.com/insights/ntt-dc-reit-ipo-the-investment-case" target="_blank" data-smartkarma-citation="insights:192362" rel="noopener">NTT DC REIT IPO: The Investment Case</a> and <a href="https://www.smartkarma.com/insights/ntt-dc-reit-ipo-valuation-insights" target="_blank" data-smartkarma-citation="insights:192548" rel="noopener">NTT DC REIT IPO: Valuation Insights</a>. </li>
<li>NTT DC REIT has the third-highest international oversubscription rates among REIT SGX listings since 2020. The IPO price is attractive in comparison to peers' multiples and yields.</li>
</ul>



NTT DC REIT (NTTDCR SP) is the exclusive S-REIT vehicle sponsored by NTT Group. It has raised US$773 million at the offer price of US$1.00 per unit.   
I discussed the listing in NTT DC REIT IPO: The Investment Case and NTT DC REIT IPO: Valuation Insights. 
NTT DC REIT has the third-highest international oversubscription rates among REIT SGX listings since 2020. The IPO price is attractive in comparison to peers' multiples and yields.


<ul>
<li>
<a href="https://www.smartkarma.com/entities/ntt-dc-reit" target="_blank" data-smartkarma-citation="entities:45414:1" rel="noopener">NTT DC REIT (NTTDCR SP)</a> is the exclusive S-REIT vehicle sponsored by NTT Group. It has launched an SGX IPO to raise proceeds up to US$864 million.</li>
<li>I previously discussed the listing in <a href="https://www.smartkarma.com/insights/ntt-dc-reit-ipo-the-investment-case" target="_blank" data-smartkarma-citation="insights:192362" rel="noopener">NTT DC REIT IPO: The Investment Case</a>. </li>
<li>In this note, I discuss valuation. The valuation analysis suggests that the IPO price is attractive in comparison to peers' multiples and yields. </li>
</ul>



NTT DC REIT (NTTDCR SP) is the exclusive S-REIT vehicle sponsored by NTT Group. It has launched an SGX IPO to raise proceeds up to US$864 million.
I previously discussed the listing in NTT DC REIT IPO: The Investment Case. 
In this note, I discuss valuation. The valuation analysis suggests that the IPO price is attractive in comparison to peers' multiples and yields. 


<ul>
<li>
<a href="https://www.smartkarma.com/entities/ntt-dc-reit" target="_blank" data-smartkarma-citation="entities:45414:1" rel="noopener">NTT DC REIT (NTTDCR SP)</a> is the exclusive S-REIT vehicle sponsored by NTT Group. It has launched an SGX IPO to raise proceeds up to US$864 million. </li>
<li>The IPO portfolio comprises six data centres – three located in California, one in Virginia, one in Vienna, and one in Singapore.</li>
<li>NTT DC REIT offers an attractive value proposition, comprising a blue-chip tenant base, a staggered lease expiry profile, a robust growth pipeline, and sizable debt headroom.</li>
</ul>



NTT DC REIT (NTTDCR SP) is the exclusive S-REIT vehicle sponsored by NTT Group. It has launched an SGX IPO to raise proceeds up to US$864 million. 
The IPO portfolio comprises six data centres – three located in California, one in Virginia, one in Vienna, and one in Singapore.
NTT DC REIT offers an attractive value proposition, comprising a blue-chip tenant base, a staggered lease expiry profile, a robust growth pipeline, and sizable debt headroom.


Singapore

Mapletree Industrial Trust is a Singapore-focused real estate investment trust with a large and diversified portfolio of industrial properties. The Trust invests in a diverse portfolio of industrial properties with the primary objective of achieving an attractive level of return from rental income and for long-term capital growth.

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Mapletree Industrial Trust (MINT SP)

Singapore Industrial REITs: Global Uncertainties as Headwinds Cloud Near-Term Outlook

Singapore’s Industrial REITs (S-REITs) remain exposed to macroeconomic volatility given the city-state’s trade-dependent economy. The latest U.S....

Syfe

NTT DC REIT IPO Trading - Decent Demand, High Yield and Discount Should Help

NTT DC REIT (NTTDCR SP), a data center REIT, raised around US$772m in its Singapore IPO. In this note, we talk about the trading dynamics.

Sumeet Singh

NTT DC REIT IPO: Trading Debut

NTT DC REIT will list on Monday, July 14. NTT DC REIT has the third-highest international oversubscription rates among REIT SGX listings since...

Arun George

NTT DC REIT IPO: Valuation Insights

NTT DC REIT has launched an SGX IPO to raise proceeds up to US$864 million. My valuation analysis suggests that the IPO price is attractive.

Arun George

NTT DC REIT IPO: The Investment Case

NTT DC REIT has launched an SGX IPO to raise proceeds up to US$864 million. The units will be listed on 14 July. In this note, I discuss the...

Arun George

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52-week Range

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