LendLease

Chart wise, looks bullish!
Likely to continue to trend higher!

Short term wise, I think a nice breakout at 61 cents plus good volume that may likely retest the recent high of 64 cents.


Crossing over 64 cents with ease plus high volume that may likely drive the price higher towards 68 then 70 cents.

Pls dyodd.

Chart wise, we have witnessed the drastic selling down taken place from 90 cents to touch the low of 44 cents, more than 50% being wipe off since the IPO offered price of 88 cents in Oct 2019, seems extremely oversold!

The price action has warranted a rebound and recovered from 44 cents to close higher at 61 cents, looks quite positive.

NAV 82.1 cents.
Dividend is about 5 cents.
Yield is 8.19%

Short term wise, I think a nice breakout of 63.5 cents plus high volume that may likely drive the price higher towards 68 cents then 70 cents with extension to 78 cents.


Not a call to buy or sell.
Pls dyodd.

The recent announcement dated 9th April 2020:
Sky Italia, which leases 100% of Sky Complex, has to-date made all its rental payments in a timely manner as per its lease and it contributes 33.9% of LREIT’s net property income1 . Sky Italia is wholly owned by Comcast Corporation, the world’s largest broadcasting and cable television company by revenue2 rated A3 with a stable outlook by Moody’s Investors Service, Inc.


To ensure financial stability and cashflow sustainability, LREIT adopts a prudent and disciplined approach towards capital management. As at 31 December 2019, LREIT had a gearing ratio of 34.9% and a cash balance of S$88.5 million. Its weighted average running cost of debt was 0.86% per annum with an interest coverage ratio at 10.8 times. LREIT’s borrowings are 100% hedged with no debt maturities until its financial year ending 30 June 2023. Its weighted average debt maturity was 3.6 years

The Covid-19 pandemic has worsened globally, including in Singapore. Given the various measures introduced by the Singapore government, there will be an impact on 313@somerset’s contribution to LREIT’s distributable income from April 2020 onwards as compared against the profit and distribution forecast set out in LREIT’s IPO prospectus.
quote :https://links.sgx.com/FileOpen/Lendlease%20-%20Update%20on%20the%20Impact%20of%20the%20Covid-19%20Outbreak%20-%209%20April%202020.ashx?App=Announcement&FileID=605955