Qcap is expected to release Q result on 29 July, based on the lastest update.


Based on IPO price
6.9% -CMMT
7.6%

Reit earning projection won't run too far away.

As reit is not running a business, that subjected to a lot of uncertainty which for ordinary company, revenue and profit figure can fluctuate greatly,
Reit just renting out the properties, just like you rent you properties, while normally tenancy agreement or lease is signed on the basic of 1 year, 2years, 3 years or so. So your revenue is highly predicted.
There is little surprise on both the upside and downside unless there is a change of lease agreement, or expiration of it or tenants default it.

The IPO money goes to CapitalMalls Asia Sg, the parent company, whereby they are selling their stake in CMMT to public in the IPO.

The IPO money is not going to CMMT.

There are some useful link posted by forumers in the earlier section, check it out.

Understanding about is the most important to do.
There are many online site that is useful as well.
Google it, it won't hard to find.

If there is, then a lot of company will be buying reit, and you will see reit price sky-rocketing.

Normally after market closed.

Lower or higher?
This year is 3.85 cents, last year is 3.78 cents.

Ya, actually, nothing to shout about, there won't be any surprise on reit result in general.
None of reit result will spring a major surprise.

3.85 cents is around 95% distribution, not 100%, as actual EPS is 4.04 cents. which is little improvement than last year same period of 3.96 cents.

There is another 5% spare.

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Added on July 29, 2010, 11:13 pmAround or near to 8%.
As DPU is not 100% of its EPS.

This post has been edited by cherroy: Jul 29 2010, 11:13 PM

Errr.. I don't get it.

Last Q, realised EPS is 1.92, Provision for DPU is 1.92
This Q, realised EPS is 2.13, Provision for DPU is 1.93

Last year for same correspondence period of half year,
EPS is 3.96, DPU 3.78.

I can't get the lower figure. Kinda enlight me what I missed.

Until Stareit completed the rationalisation become a hospitality reit which there are newer properties that not yet known, it is pre-mature to comment.

The only thing we can say is that current Stareit market price is traded at a discount to its NAV.

NAV around Rm1.2x, reit market price 0.88.

Yes.
I just bought few months ago (top up)

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Added on July 30, 2010, 2:59 pmIn term of yield, Arreit at current price provide higher yield than most, but quality of properties may differ from one to another, so does tenant.
Atrium also provide decent yield, but lack of diversification.

This post has been edited by cherroy: Jul 30 2010, 02:59 PM

Better use the historical data as guideline. More accurate, more realistic.

Stareit never give more than 7 cents until so far.
Suddenly predict to give 8.x cents?

I bring out my trolley to shop Stareit if it can give 8.x cents with current price of 0.85-0.87.

This post has been edited by cherroy: Jul 30 2010, 05:18 PM

I will throw every reit in my holding if they limit up and get far far away from them.

Ok, noted.

If economy fundamental is not changing drastically, and so does properties market
portfolio properties is maintained and rent out as usual,
no new development on properties injection etc.

Basically nothing change, so I don't expect any much change should be in most research paper.

But you never know some analysts comment nowadays.
1 week can recommend buy, next week recommend sell, with total different TP set.
More like depended on mood.

See how prior today, equities market seem rosy across, and people bullish about market, market seems rock solid, but then today suddenly with bleeding day across, all sort of bearish comment coming out.
Even lot of comment saying 10 years US tresuries now below 3%, bearish for market etc.
But 10 years T-bill already below 3% before or week before.

1. Depended on their loan nature. Some are on fixed rate for 3-4 years, some may not, some may on step up rate etc.
2. Explained by ante5k

I reckon the leasehold tenure still quite long, which should beyond our dead date already.

You need market crashing time in order to get this kind of yield.

Just like Axreit was sold at Rm1.00, with >12% yield last time out.

But when this happening, it could mean rental could be under pressure, lease expiring may not able to renew, loan refinancing could be difficult and costly.

So it is always a trade off.
Want higher yield, only with more risk time.

For overseas reit, it did.
Some reit under high leveraged one, failed to get refinancing, need to fire-sale their properties at the wrong time, and liquidating.

Yes, if reit is low or no leverage, it won't and shouldn't bankrupt, but no reit can perform well without some sort of leverage especially during good time.
Without some leverage, reit may only can give you 3-4% only. You want this kind of yield?

There is a lot of fear when it reached 1.00.
Even I managed to buy some at 1.00 and queued somemore at 0.99, 0.98 etc, I still expected it may go lower than 0.90.

It is easier when look back, but on real time or with it happening in front on your face, and worldwide is crashing, fear of severe recession, deflation, which corporate may close shop etc. so many negative issue around, your "feel" and sentiment is different.

At that time, even convert some Rm to AUD only Rm2.30-2.40.

It is always easier when look back but not the case when it is happening real time.

Just like Axreit now is RM2.05, should buy or sell?
Me also don't know.

The chance is pretty low.
The reit industry has been lobbying this for years now.

It is very hard to Mreit to compete with SgReit, with the difference between tax rate.

e-dividend only will be implemented after Sept.

LOL, what voucher do you want?

Buy 1 free 1 for office rental?