SG Market: Spore shares are likely to open lower in the aftermath of the destructive earthquake/tsunami in Japan although a massive selloff is unlikely & perhaps limited to those stocks with significant exposure in Japan. Stocks with assets in Japan include Saizen - 100% of portfolio value (146 properties in Japan, most residential in 13 cities including Sendai, Koriyama & Morioka)...
...GLP - 82% (69 logistic warehouses), Parkway Life Reit - 33% (29 nursing homes), Mapletree Logistic Trust - 20% (14 warehouses), Frasers Commercial Trust - 7% (3 office buildings in Tokyo & Osaka), Starhill Global - 7% (7 office/retail properties), CapitaMalls Asia - 2% (7 retail malls), AIMS APS (1 warehouse). Others affected may include those which import from Japan, eg Sakae. Next support for STI tipped at psychological 3000 level.
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