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SINGAPORE PRESS-Religare Health Trust sets vision beyond India — Business Times

A year into its listing on the Singapore Exchange (SGX), Religare Health Trust (RHT) is considering expanding its portfolio beyond India to include other Asia-Pacific markets, even as it continues to push for growth from existing assets.

“The first year was about stabilising the portfolio, about delivering everything we set out to our investors,” Gurpreet Dhillon, RHT’s CEO told BT in an interview. “The next year is going to be about building on that foundation, looking for growth opportunities both inside the portfolio and outside.”

Its preference would be to invest in more stable markets, such as Australia or Japan, to help offset the risks in emerging markets such as India.

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2017 Singapore REITs Symposium Review: Valuable Insights From CEOs

Besides the informative booths by the various participating REITs, participants at the 2017 Singapore REITs Symposium could also learn more about the complementary services offered by ShareInvestor and InvestingNote. In addition, Heartland Boy also attended the panel discussion in the morning whereby Philip Capital explained the strong diversification attributes that a REIT ETF can offer. A REIT ETF is an excellent product for those who may not have the time or expertise to sieve out the best REITs for 2017 but yet would still like to participate in REIT investing. Afterall, Singapore REITs are still a desirable cherished asset class to have in a balanced portfolio. It is able to provide high and stable dividend yield ranging from 6% to 7% with moderate risks. For those who wish to better understand the REIT industry, Heartland Boy has written a glossary of REIT jargon typically used in the Singapore REITs industry.

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RHT HEALTH TRUST: Taps into Pulse of Indian Boom

RHT Health Trust is the first business trust listed on Singapore Exchange with a portfolio of India-based healthcare assets. Its investment mandate is principally to invest in medical and healthcare assets and services in Asia, Australasia and other emerging markets. RHT’s portfolio as of 31 March 2016 comprises 12 Clinical Establishments, four Greenfield Clinical Establishments and two Operating Hospitals located across India.

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RHT Health Trust makes changes to board following Fortis sale

RHT Health Trust Manager, as the trustee-manager of RHT Health Trust, announced on Monday a reconstitution of the trust’s board.

The move followed the completed sale of the trust’s entire portfolio of healthcare assets to its controlling unitholder Fortis Healthcare for about S$895.55 million. The sale was completed in January.

The members of the board have, from Monday, stepped down. They are: Vivek Mehra as non-executive chairman and independent director; Eng Meng Leong as independent director; Sydney Michael Hwang as independent director; Yogendra Nath Mathur as lead independent director; Peter Joseph Seymour Rowe as independent director; Daljit Singh as non-independent non-executive director; and Gurpreet Singh Dhillon as executive director.

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Gurpreet Dhillon - 2017 Singapore REITs Symposium Review: Valuable Insights From CEOs

Heartland Boy has always felt that time spent with Management would improve his investment outcome. Somehow, seeing Management address questions in person are not the same as reading the answers from the various analyst reports. However, ever since he was posted to Jakarta, he has found it increasingly difficult to gain access to management. For instance, most of the AGMs are held on weekdays.

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Gurpreet Dhillon - Gursehaj Dhillon's Minion-Themed Birthday

You don't turn six every day. Nayantara and Gurpreet Dhillon ensured their son Gursehaj would have a birthday to remember by throwing a mega Minion-themed party. From cakes to entertainment, it was all rather spectacular, producing big smiles all round from the young attendees. 

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Gurpreet Dhillon - Screening Of Padmaavat With Shahid Kapoor

Gurpreet and Nayantara Dhillon recently hosted a screening of Bollywood epic Padmaavat in benefit of the charity Food from the Heart. The expat couple from Delhi invited the movie's protagonist Shahid Kapoor to grace the event, which started with a high tea at their home in the presence of their close friends. They then moved on to the Gold Class cinema in Vivocity, where they enjoyed the screening of the highly controversial Sanjay Leela Bhansali period drama, which also stars actors Ranveer Singh and Deepika Padukone. 

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Gurpreet Dhillon - Taking Religare beyond India

A YEAR into its listing on the Singapore Exchange (SGX), Religare Health Trust (RHT) is considering expanding its portfolio beyond India to include other Asia-Pacific markets, even as it continues to push for growth from existing assets.

"The first year was about stabilising the portfolio, about delivering everything we set out to our investors," Gurpreet Dhillon, RHT's CEO told BT in an interview. "The next year is going to be about building on that foundation, looking for growth opportunities both inside the portfolio and outside."

Mr Dhillon assumed the role of chief executive in May this year, taking over from Ravi Mehrotra, currently executive chairman, in order to separate the roles of CEO and chairman.

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Gurpreet Dhillon - Singaporean companies believe in India despite economic woes

Singaporean companies still believe in long-term opportunities in India despite the recent plunge in rupee value and the weakening economic outlook, according to a media report.

Singapore property group Ascendas, which has real estate assets in Bangalore and Chennai, believed in its long-term growth, its president and chief executive Manohar Khiatani said.

"It has a competitive, qualified labour force and global companies will continue to choose India to conduct their businesses," The Straits Times Monday quoted Khiatani as saying.

"The country's real estate sector is in its growing phase and we believe key sub-sectors including industrial, IT and commercial space will continue to see steady demand," he said.

Singapore-listed Religare Health Trust (RHT), which has a portfolio of health-care assets in India, was banking on the Indian market potential, especially citing the shortage of hospital beds relative to rising demand.

RHT chief executive Gurpreet Dhillon said strong and sustained growth in the Indian health-care sector was being driven by solid fundamentals such as a growing middle class, an ageing population and changing disease profiles.

India has a "huge untapped demand but limited supply" of serviced residences to cater to rising numbers of expatriates and travellers, added Alfred Ong, managing director for strategic development and Indian market at The Ascott which has two serviced residences in Bangalore and Chennai and would open five more over the next few years.

The general consensus about India was still positive, even though the country faced challenges in the short-run, said Benjamin Yap, regional director for South Asia at trade promotion agency, International Enterprise Singapore.

Yap saw new opportunities for Singapore companies in the infrastructure, manufacturing and consumer goods sectors in the Tier 2 cities such as Pune, Lucknow and Visakhapatnam, especially after growth saturates in Tier 1 cities like Mumbai, New Delhi and Bangalore.

"India continues to pursue economic liberalisation, creating opportunities for foreign investors, including Singapore companies. What we are seeing is a short-term issue which should not detract companies from the market's long-term potential," Yap said.

The Straits Times also cited other business executives expressing concern about India's red tape, complicated tax environment and challenges of dealing with bureaucrats.

International media reports have highlighted foreign investors pull out of Indian stocks and bonds on the back of economic uncertainties.

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Gurpreet Dhillon - Religare Health Trust promotes Gurpreet Singh Dhillon as CEO

https://sbr.com.sg/healthcare/people/religare-health-trust-promotes-gurpreet-singh-dhillon-ceo He has been elevated from COO role while retaining his executive directorship role.

The Board of Religare Health Trust announced the appointment of Gurpreet Singh Dhillon as chief executive officer.

Mr Gurpreet Singh Dhillon, 29, will be responsible in managing the daily operations relating to Religare Health Trust Trustee Manager Pte. Ltd. ('RHTTM') and Religare Health Trust.

Mr Gurpreet Dhillon is a founding shareholder of Religare Enterprises Ltd ('REL'), the listed entity that holds RHTTM. Since being set up in 2001, REL has grown to become one of India’s largest Financial Services groups with a leading presence in sectors Broking, Insurance, Lending and asset management. He has been instrumental in helping REL build its investment banking and asset management ventures in emerging markets.

From 2005 to 2011, Mr Dhillon was on the Board of Directors of Religare Capital Markets Plc, the investment banking arm of REL which focuses on emerging markets. Prior to his appointment as CEO, Mr Dhillon was COO of RHTTM, where his responsibilities included overseeing operations and investments of RHT. Mr Dhillon has deep corporate finance and real estate experience, having worked on a number of Indian real estate transactions.

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Gurpreet Dhillon - Screening Of Padmaavat With Shahid Kapoor

Gurpreet and Nayantara Dhillon recently hosted a screening of Bollywood epic Padmaavat in benefit of the charity Food from the Heart. The expat couple from Delhi invited the movie's protagonist Shahid Kapoor to grace the event, which started with a high tea at their home in the presence of their close friends. They then moved on to the Gold Class cinema in Vivocity, where they enjoyed the screening of the highly controversial Sanjay Leela Bhansali period drama, which also stars actors Ranveer Singh and Deepika Padukone. 

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Religare Health Trust's distributable income for Q4 up 1.4% to S$15.3m

RELIGARE Health Trust (RHT) on Wednesday reported a 1.4 per cent rise in distributable income to S$15.3 million for the fourth quarter ended March 31, even as revenue for the period slid.

Distribution per unit (DPU) for the quarter edged up 0.5 per cent to 1.91 Singapore cents from a year ago.

Revenue excluding straight lining fell 2.8 per cent to S$33.8 million, while net service fee and hospital income slid 3.4 per cent year on year to S$23.3 million.

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Gurpreet Dhillon - 2017 Singapore REITs Symposium Review: Valuable Insights From CEOs

Heartland Boy has always felt that time spent with Management would improve his investment outcome. Somehow, seeing Management address questions in person are not the same as reading the answers from the various analyst reports. 

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Gurpreet Dhillon - SINGAPORE PRESS-Religare Health Trust sets vision beyond India - Business Times

https://www.reuters.com/article/singapore-press-religare-idUSL3N0K202420131223/

A year into its listing on the Singapore Exchange (SGX), Religare Health Trust (RHT) is considering expanding its portfolio beyond India to include other Asia-Pacific markets, even as it continues to push for growth from existing assets.

"The first year was about stabilising the portfolio, about delivering everything we set out to our investors," Gurpreet Dhillon, RHT's CEO told BT in an interview. "The next year is going to be about building on that foundation, looking for growth opportunities both inside the portfolio and outside."

[gurpreet21]

Gurpreet Dhillon - 2017 Singapore REITs Symposium Review: Valuable Insights From CEOs

Heartland Boy has always felt that time spent with Management would improve his investment outcome. Somehow, seeing Management address questions in person are not the same as reading the answers from the various analyst reports. However, ever since he was posted to Jakarta, he has found it increasingly difficult to gain access to management. For instance, most of the AGMs are held on weekdays. Therefore, he gladly paid the $10 registration fee to attend the 2017 Singapore REITs Symposium held on 27 May at Suntec Convention & Exhibition Centre. The REITs Symposium is organized by REIT Association of Singapore (‘REITAS’). An overwhelming 26 REITs listed on the Singapore Stock Exchange set up booths this year. At the 2017 Singapore REITs Symposium, Heartland Boy went from booth to booth to gain a better understanding of the various participating REITs and Business Trusts. He also took this opportunity to speak to the CEOs of Viva Industrial Trust, BHG Retail REIT, RHT as well as the investor relations staff from Soilbuild REIT. Here is his review of the 2017 Singapore REITs Symposium and the key insights from the various CEOs on their respective businesses.

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Gurpreet Dhillon - Gursehaj Dhillon's Minion-Themed Birthday

You don't turn six every day. Nayantara and Gurpreet Dhillon ensured their son Gursehaj would have a birthday to remember by throwing a mega Minion-themed party. From cakes to entertainment, it was all rather spectacular, producing big smiles all round from the young attendees. 

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Gurpreet Dhillon - RHT HEALTH TRUST: Taps into Pulse of Indian Boom

Gurpreet Dhillon's salt-and-pepper look lends him clout beyond his years.

The 32-year-old was appointed Chief Executive Officer of Religare Health Trust Trustee Manager, which manages Singapore-listed Religare Health Trust (RHT), three years ago.

"I think I have too much white hair for my age," Dhillon said, his tongue firmly in cheek.

"I became CEO at 29, and now, I can't imagine myself doing anything else with my life. Running RHT - that's my passion," he added.

In fact, Dhillon has little time to spare for anything other than managing the operations of the trust.

"Every three to four months, I start guitar lessons again, but that always gets sidelined. I'm either at work, travelling, or spending time with my kids," said the father of two boys, aged four and one.

Dhillon served as the Chief Operating Officer of the Trustee Manager for five months in 2013 before taking the helm.

Prior to that, the Bachelor of Law graduate from University of Essex gained investment and asset management experience during his stint in Religare Capital Markets Plc, the investment banking arm of Religare Enterprises Ltd, where he played key advisory roles in real estate acquisitions across India and the UK.

RHT's unique offering - providing stability as well as growth - is Dhillion's constant source of inspiration.

"We have been able to put in place a product that gives investors access to growth, without the volatility that accompanies investments in emerging markets," he said.

"If we can continue to demonstrate that we are this island of calm in a sea of volatility that is India, yet able to capture the strong growth inherent in the country, it would be very interesting to anyone looking to deploy capital in the emerging markets."