10 Jun '12, 2am

Gambling Stock Sports TOTO Malaysia Trust (STM-TRUST) to IPO in Singapore: A Good Buy?

Gambling Stock Sports TOTO Malaysia Trust (STM-TRUST) to IPO in Singapore: A Good Buy?

17 times PE puts future earnings close to that of Ascendas REIT, Capitamall Trust and Frasers Centerpoint trust. These trust have a certain premium to their price, either due to strong sponsors, good track record and lower propensity to collapse. What does STM Trust have that matches close to it? The section on business risk is a main consideration. It tells us the sustainability of the business trust itself. Valuing a perpetual or potentially perpetual asset versus one that have a limited lifespan is different. It would be good to see the performance of this in 2007-2008 period. Hell if they have data in 2001 to 2003 it will be great as well

Full article: http://www.investmentmoats.com/singapore-stocks/gambling-...

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