HKD is pegged with USD tightly, So HKD has been depreciated as same as USD.

HKD is one of undervalued currency due to its peg, but don't think the peg will be moved either.
It has been pegged since long time ago, even during 1997 crisis, HK defended the peg fiercely as well.

Hi Reits guru, do u all invested in CMMT & SunReit which listed last year ??
What do u think for these reits ?? Cheers ...

better put ur money in fd else if tsunami come then ur marry fund is in danger

Any news when Arreit will declare the dividend?

CMMT quite good had a good portfolio Sungei Wang and Gurney Plaza. (MINES im not so optimistic about it), SunREIT since i see that its fully tenanted the sunway pyramid.i invested in them too

does CMMT or SUNREIT distribute dividend quarterly?

Semi-annual

Income distribution for this quarter seems good at 4.20 cents. If can keep up this way full year distribution would be 16.80 cents. Seems ok to me. The proposal to pay the management fee in the form of units is also a good development for the unitholders. Lets hope for a jump in tomorrow's price

What you think brother cherroy?

Is it starting with this distribution ? (I mean the distribution proposal)

whizzer,

I don't get what you mean. The proposal is about the management fee, not the distribution.

This is good indicator, that management has confident on themselves aka to maintain good earning eventually the unit is valuable in the market.

You don't want to be paid in unit if you view your unit won't fetch good price in the market.

As long as the management fee remains the same as previous, aka same amount with previous in cash term one.

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Added on April 28, 2011, 9:44 pmBtw, Atrium 2.15 cents distribution for the Q.

This post has been edited by cherroy: Apr 28 2011, 09:44 PM

Cherroy,
distribution of RM0.42 per unit, not yet deducted the witholding tax right ?

First it is Rm0.042, not Rm0.42, if RM0.42, I pawned all belonging to buy tomorrow at Rm2.36.

Yes, all announced distribution figure is before witholding tax.

Sorry for the typing error......

ATRIUM's distribution is still the same. This is one laggard with no growth prospects, considering to either keep it for the 10.5% yield or sell it to realise my gains. If you were me cherroy, what would you do?

I am tempted to answer for Cherroy leh..

He will surely KEEP!!

Hai.. Sorry about that. I got confused. I thought it was about the income reinvestment proposal.

Bonescythe,

That really depends on the situation. I'm in a dilemma now because if I sell it at the current price, my net profit will be equivalent to 3 full years of distribution (assuming that the distribution stay the same). By the way it looks, there is not much room for growth in ATRIUM within these 3 years

ATRIUM could be a potential take over target for bigger REIT e.g AXREIT.

if interest rate increase then REIT will pay lower dividend?