Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

UOBKH: Lendlease Global Commercial REIT – Buy Target Price $0.99

Posted on August 31, 2022August 31, 2022 By alanyeo No Comments on UOBKH: Lendlease Global Commercial REIT – Buy Target Price $0.99
Revival Of HSR A Potential Bonanza

Jem, LREIT’s largest asset which accounts for 59.3% of its portfolio valuation, will benefit from the revival of the HSR. The upcoming HSR, if agreed and constructed, would bring more vibrancy to Jurong Gateway as the second CBD in Singapore. Jem will benefit from an increase in shopper traffic due to patronage of employees working in office buildings nearby and tourists from across the ASEAN region. BUY for its attractive FY23 distribution yield of 6.2%. Target price: S$0.99.

WHAT’S NEW

• Warmer ties rekindle HSR. Prime Minister Ismail Sabri Yaakob has expressed Malaysia’s eagerness to revive the 350km Kuala Lumpur (KL)-Singapore High Speed Rail (HSR), which cuts travelling time between KL and Singapore to 90 minutes. If possible, the Malaysians would like to speed up the planning process as Malaysia also wants to establish a HSR between Kuala Lumpur and Bangkok. The HSR could connect Singapore all the way to Bangkok if all three ASEAN countries can reach an agreement.

• Prime Minister Lee Hsien Loong stated that Singapore would be receptive to fresh proposals on the HSR project during a joint press conference with Datuk Seri Ismail to launch the Vaccinated Travel Lane – Land in Dec 21. Since then, the ministries of transport of both Singapore and Malaysia have been in constant dialogue.

• Terminal station for HSR located near Jem. The terminal station for the HSR in Singapore would be situated at Jurong Lake District. The 12ha site is currently occupied by Jurong Country Club and is 600m from Jurong East MRT Station, which is served by the North South and East-West MRT lines. Connectivity will be enhanced when Jurong Region Line Phase 2 is completed in 2027.

STOCK IMPACT

• Prime beneficiary of the KL-Singapore HSR. LREIT’s newly acquired Jem is located adjacent to the Jurong East MRT Station, which is 600m away from the HSR’s terminal station. Jem has become LREIT’s largest asset, accounting for 59.3% of portfolio valuation (suburban retail: about 46%, office: about 13%) after LREIT completed the acquisition of the remaining 68.2% stake on 22 Apr 22.

• Jem will benefit from increased shopper traffic. The upcoming HSR, if agreed and constructed, would bring more vibrancy to Jurong Gateway as the second CBD in Singapore. Jem will benefit from an increase in shopper traffic brought about by the patronage of employees working in office buildings nearby and tourists from across the ASEAN region.

Lendlease_Global_Commercial_REIT-1Click here to Download Full Report in PDF

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Research - Equities Tags:Lendlease Global Commercial REIT

Post navigation

Previous Post: CIMB: ICBC – Add Target Price HK$5.90; Add Target Price Rmb5.10
Next Post: UOBKH: Frasers Centrepoint Trust – Buy Target Price $2.74

Related Posts

CIMB: Lendlease Global Commercial REIT – Add Target Price $0.88 (Previous $1.02) Research - Equities
DBS: LendLease Global Commercial REIT – Buy Target Price $1.00 Research - Equities
DBS: LendLease Global Commercial REIT – Buy Target Price $1.10 Research - Equities
DBS: Singapore Retail Real Estate Research - Equities
UOBKH: REITs – Singapore (Overweight) Research - Equities
DBS: Singapore REITs Research - Equities
DBS: Singapore REIT Research - Equities
UOBKH: Singapore Strategy Research - Equities
DBS: Regional Real Estate Research - Equities
UOBKH: Lendlease Global Commercial REIT – Buy Target Price $0.96 Research - Equities
CIMB: Lendlease Global Commercial REIT – Add Target Price $1.02 (Previous $1.05) Research - Equities
UOBKH: Monthly Review and Outlook – Singapore Research - Equities

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme