ARA

As I mentioned, I will be talking about ARA. Here is the background information of ARA from sgx:

ARA Asset Management Limited is an Asian real estate fund management company focused on the management of public-listed REITs and private real estate funds. Its currently manage REITs listed in Singapore, Hong Kong and Malaysia, private real estate funds that invest in Singapore, Hong Kong, Malaysia and China, and a specialist equity fund that invests in REITs and listed infrastructure and utilities trusts in the Asia-Pacific region. Its business comprises three primary segments namely REIT management, private real estate fund management and specialist equity fund management and corporate finance advisory services.

Here is the prospectus from sgx:

http://info.sgx.com/webipo.nsf/34cc00633131539c48256dac0024daf8/6892868dd8bfa47e4825738300061a46/$FILE/ara_final_cbooklet.pdf

Here's another piece of information:



Actually, most of the information are from sgx.com under ARA. Some other things to take note are these information:

http://info.sgx.com/webcorannc.nsf/new+announcement+last+3+months+by+company+name?OpenView&RestrictToCategory=AARA+ASSET+MANAGEMENT+

Under its general announcements, you can see that there's alot of useful information with regards to the shareholders. If you take a look, here are the following extracted. It seems that:

• Credit Suisse has reduced its holdings of ARA from 6.18 % To 0 % on the 16th of Nov.
• JL Investment Group Limited also adjusted its holdings from 40.8 % To 36.4 %.
• John Lim Hwee Chiang (you can see him in the prospectus), indicated as another shareholder(Director) adjusted his holding from 40.8 % To 36.4 %.
• Cheung Kong Investment Company Limited adjusted from 17.5 % To 15.6 % on 19th Nov.

There's actually more before the 16th of nov but just to cut things short here. In short, my thought on this is, if this counter is really that good, will investors reduce their holdings on this counter? In fact, even a director reduced his own holdings! Well, for Credit Suisse, probably due to the subprime, it is starting to clear its investments, I'm not sure as this is my speculation. But in my opinion, this is also one useful information to see what is the general direction of this counter.

I will go through the prospectus and see the direction of the company, what it aims to acheive and etc etc. As for now, its a bloodbath in the Asian markets and good luck if you have stocks in your hands now. :