SingPost 2QFY13/14

Revenue                                        = $208.8m
Underlying Net Profit                   = 37.3m
Operating Profit                            = $43.7m
Net Profit                                      = $37.3m

Mail  Revenue                             = $119.7m  (Profit $34.8m)
Logistics Revenue                       = $94.6m    (Profit $2.6m)
Retail Revenue                            = $21.3m    (Profit $1.4m)
Others                                          = $31.7m ( Profit $4.9m)

 Domestic Mail                             = $63.2m (+6.4%)
International Mail                        = $42.3m (+27.5%)
Hybrid Mail                                 = $12.9m (+15.5%)
Philatelic                                      = $1.3m   (-29.12%)

Borrowing                                  = $228.1m
EBITDA/Interest                       = 33.4X
Cash & Cash Equiv                   = $367.2m
EPS                                            = 1.674 cents
NAV                                          = 35.44 cents

FirstReit 3QFY2013

NAV                              = 90.55 cents
DPU                               = 1.96 cents
Annualized DPU            = 7.42 cents
Total Assets                   = $1,077,506,000
Total Liability                = $438,941,000
Total Borrowing            = $354,594,000
Gearing                          = 33.4%
Net Property Income      = $21,744,000
Distributable Income       = $13,847,000
Cash & Cash Equiv        = $29,842,000

StarHill Global 3QFY3013

Gross Revenue                            = $48.8m
NPI                                             = $38.0m
DPU Available For Distribution   = $27.1m
DPU                                           = 1.21 cents
Total Debt                                   = $861m
Gearing                                       = 30.6%
Interest Cover                             = 5.2
Avg Interest Rate                        = 3.02%
Unencumbered Asset Ratio        = 79%
NAV (Ajusted)                          = $0.86 cents
Total Assets                               = $2,814,367,000
Total Liabilities                          = $940,321,000
Net Assets                                 = $1,874,046,000
Free Float                                  = 55% (exclude YTL &AIA)

Note: A +2% pa on floating  interest rate will result in a -4.4% of Q3FY2013 DPU.

AscendasIndia 2QFY2013/14

DPU                                                      =  1.10 cents
Total Property Income                          =  $28.935,000
NPI                                                        = $16,419,000
Income Available For Dist                    = 1.22 cents
NAV                                                      = 57 cents
Interest Cover                                         = 4.9
Gearing                                                   = 20% (taken acct of adjusted computation Gross Borrowing  +/- derivative financial instruments assets or liabilities)
Percentage Fixed Rate Debt                   = 100%
Average Cost Of Debt                            = 5.9%
Debt Headroom (40% Gearing)              = $291m

Currently at S$1 to INR 48.9

SuntecReit 3Q2013

DPU                                            =    2.289cts
Net Property Income                    =    $40,254,000
Income Available For Distribution =    $51,848,000

Total Assets  =   $7,897,375,000
Total Debts   =   $3,108,478,000
Net Assets     =  $4,788,897,000
EPS               =  1.514 cents (diluted)
NAV              = $2.053

Outstanding Debt     = $2,975,000,000
Debt-to-Asset Ratio = 37.2%
Interest Cover          = 4.7

Corporate Rating = "Baa2"
Average All-in Financing Cost  = 2.67%

CRCT 3Q2013

 Gross revenue                                                   = RMB 191,720,000
 NPI                                                                    = RMB 121,115,000
 Distributable Income                                         = $17,081,000
DPU                                                                    = 2.26 cents (SG)
Gearing                                                               = 25.8 %
Nett Debt/EBITDA                                             = 5.1
Interest Coverage                                                = 8.4
Avg Term To Maturity                                        = 2.01
Avg Cost Of Debt                                                = 2.60%
NAV                                                                     = $1.45

K-Green 3QFY2003

Revenue                                        $17,082K
Net Profits                                     $3,796K
Net Assets                                     $624,308K
Cash & Cash Equiv                       $28,453K
EPS                                                0.60 cents (FY2012 : 0.56 cents)
1H FY13                                        1.72 cents
Adjusted NAV                               $0.99

SPH FY2013

Operating Revenue                                        = $1,239,452,000
Operating Profit                                             = $369,288,000
Fair Value Gain on Investment Properties    = $111,407,000
Investment Income                                        = $13,971,000
Net Profit Attributable to Shareholders         = $430,954,000
EPS                                                                = 27 cents (include 7 cents from Change in Fair Value)
NAV                                                              = $2.19

Operating EPS is only 20 cents for FY2013 so need to monitor this to see if there is deterioration in SPH's fundamentals. Advertisement revenues declined by $31.7m and circulation revenue declined by $7.2m. Operating expenses increased by $40.4 due to impairments and set up costs.