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Singapore Institute of Advanced Medicine Holdings Ltd

Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist.  The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am.   Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases.  SAM has strategic collaborations with public and private institutions for research and clinical work.  SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
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Indiabulls Properties Investment Trust



Indiabulls Properties Investment Trust offers investors exposure to the booming Indian economy and to the rapidly growing services sectors. The Trust has an initial portfolio of 2 commercial development properties located in the upcoming business district of Lower Parel in Mumbai.

The Trust is offering 262,483,183 units at between S$1 to S$1.10 for subscription. The projected yield for FY2009 is between 4.7% to 5.1% and 8.9% to 9.8% for FY 2010. For your information, the fiscal year FY2009 is from April 1, 2008 to March 31, 2009. The yield is expected to increase in conjuction with the progressive completion of the projects.

Basically this is an Indian REIT play and a comparable peer on SGX will be the Ascendas India Trust. The market cap of Indiabulls is around S$3.6 billion and that is considerably bigger than Ascendas India Trust. The yield of Ascendas India Trust is around 5.6%.

Bascially i have no comments on whether to subscribe or not as REITs are bascially yield play and valuation of the properties are usually very subjective in nature and there are inherent risks investing in the India market. If this REIT suits your investment appetite and you are bullish on the Indian property/rental sector, then apply for it. Given the current market sentiments and the huge fund raising, let's see if there is adequate appetite this latest REIT.
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