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Showing posts with the label Ascendas India trust

Perspectives from the acquired

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Capitaland acquisition of Ascendas Singbridge From a high level perspective, Temesek holdings and capitaland is doing a merger via swapping of shares. Capitaland gains control over the units of A-REIT, I trust H trust, and property development arm of Ascendas Sing bridge. Temesek gains a controlling stake in the Capitaland cash cow. There is no direct impact on Ascendas India trust and ascendas REIT as the controlling shareholder TH stays the same, amid shrouded by an additional corporate veil.  18.14% of my portfolio is exposed to ascendas singbridge. (Ascendas India trust and Ascendas REIT). Although I did not deliberately structure it to be significantly exposed to one single sponsor , it could be a potentially unexpected windfall if capitaland shareholders decide to approve this acquisition and the acquirer makes a tender offer for the remaining I trust and A REIT units (In capitaland shares or cash). This is nonetheless speculation as firm details can only be provided aft

Ascendas India trust AR 2017

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Ascends India trust AR 2017 High level summary Straightforward rental business (REIT) in a fast growing country and industry.  There is a strong business trend among US MNC banks to outsource their operations and IT services to India as the cost of the staff is very cost competitive. In fact, there are increasing manpower and staff count in India teams as the banks undergo cost restructuring.  Due to the streamlining of GST, logistics industry in India is also another potential growth sector, as companies seek to consolidate their warehousing into specific hubs.  Moat of the business Not anyone can simply open shop next door and lure tenants to another location Cheapest outsourcing destination allows the REIT to capture ever increasing market share. With improvement in technology, almost any work can be digitalised and sent to India for action.  Utilise tenant engagement to keep the employees satisfied and result in supposcally lower employee attrition r