Greece bond has

If you able find a 12-13% yield in current bullish market, then better be careful.
It could be too good to be true...

Market is somehow got its own efficient, they don't wait for you to buy 12-13% yield good investment.

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Added on May 17, 2011, 1:49 pmPeople will sapu first, until its yield drop to 7-8%, then only tell you...

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Added on May 17, 2011, 1:54 pmAtrium when drop to 0.6x times, it was not a 13% yield stock.
One of its warehouse lease expired and not being renewed immediately, resulted EPS as well as DPU per Q drop to roughly 0.8 cents, annualised 3.2 cents, so it was roughly 9-10% yield, coupled with economy recession and crisis environment, resulted the price plunged.

For Axis, yes, it was a 14-15% yield back but with global severe credit crisis, there is a fear that reit may not able to get refinancing smoothly, lease is not going to renewed.

So basically, if there is high yield going on, then the risk situation is different.
You cannot possible get a >8% yield investment while still relative safe in term of risk.

Want extra-ordinary good yield, only during crisis, chaotic time.

This post has been edited by cherroy: May 17 2011, 01:56 PM

KLSE suffer major setback on 1994, after super mega bull run.
1997 Asian financial crisis. (This could be once in our life-time), nothing to cheer about this one, lot of company went burst.
2001-2002 mini dip
2008 308 political Tsunami

No matter how, you don't wish it to happen.
You may see it as big opportunity when looking back.
But when you are dealing at that time, there were lot of uncertainty factors, which listed company can go burst or in trouble.

It is easy for anyone to look back and comment, but at actual time particular time, you never know the market or your specific stock can recover, or burst.
There are stocks that still not recover from 1994, 1997, even until now, and some already missing on the board.

I don't think I have 45 more years...
So less stock market crash scene for me may be.

Actually live through a crisis, is a valuable experience, which can be beneficiary for future.

My advice is always the same.
Don't know/understand, do not invest.

How do you ensure the reit won't go burst during bad time or when the yield is teen number time?
You/we don't know.
There were well known reit in overseas went burst during the global crisis time, and never recover until now.

Opportunity is always there, you don't need to buy at the bottom to make money.
You may miss the opportunity to make 50%, 80%, 100% return, but if well equiped yourself, and invest wisely, getting a 10%, 15%, 20% return also very good.

While if invest wrongly, money burned resulted in little capital left, which eventually you lose many many more opportunity in the future as stock market is
no capital, no talk.

Generally income is rather fixed until lease expired.

It is just like you own a house and rent it out.
The rental collected is the Reit income.

So increase or decrease depended on the rental rate and lease contract.

Yes, distribution is depended how much the reit earn.
But generally most lease are at least 2-3 years above one, so generally you see pretty stable distribution throughout.

Some even under >5 years, 10 years, 15 years lease.
The longest one I knew so far is Qcapital's Tesco Penang, >20 years.

This post has been edited by cherroy: May 21 2011, 05:43 PM

Yes, received it already through e-dividend.

Bro, this is reit thread...

Boring is good in this kind of market.

What you mean premium price?

At 0.88, I don't see it is a "premium".

Using direct account CDS (not nominee), has zero charges.

Some sort like a saving acc that keep your shares (instead of money like ordinary bank accout)

Nothing you can do about it if you are under nominee.
But you can open a new direct account with CDS with any brokers houses.

Yes, but now call investment bank.

Those offer nominee one, may not able to offer your direct account. It is the investment bank or securities firms/brokers that able to offer you the direct CDS account.
Having said that, most bank offer nominee account does have sister company/investment bank unit, but it is separate entity already.

Reit has nothing to do with them.
Whether Sunway make billions, it doesn't bother Sunreit.
Reit just rent out the properties to tenants, which may include its parent company.

Same if the parent company making loss time, it doesn't bother reit, as long as its tenants are paying up the rental on time, and its properties continously has demand for lease.

It is totally illogical to say merger between has impact on the reit.

Reit is about owning the property and rent out, nothing to do with business.


This post has been edited by cherroy: Jun 15 2011, 09:54 PM

Normally nominee and direct account is separated, not cross linked, as nominee account, you are not directly holding the share.

Nominee - shares belonged to nominee offering banks - bank recognise it is yours.
Direct - shares belonged to you.

Normally, you need to open another account, not with the nominee bank, but investment bank. As ordinary banks (as far as I knew), do not have direct account/CDS.

I don't know what they told you, but CDS means you have CDS account with Bursa and Bursa is the one sends you the CDS statement not bank/investment banks.

There is very little chance one can possible get a 8% yield from residential properties nowadays.
Unless commercial properties, but commercial properties is different ball of game compared to residential properties.

Personally, I do not support the div reinvest.
If I want to reinvest, I use the dividend money to buy the stock myself in the market.
More flexibility.
Unless the reinvestment pricing of stock has huge or good discount compared to market price out there, by then can sell existing holding then reinvest >10% cheaper using the dividend.

Dilution won't be too serious as long as the extra money from reinvestment is used to expand on new good yield properties or pare down borrowing cost.

There is no charge for dividend payment for any reit holders.

Charges may apply on those nominee account only.

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Added on July 15, 2011, 3:11 pmThere is no 25% tax on reit.
Reit income is tax exempted if reit distributed >90% of their income, (which until now every reit 100% distributed more than 90%).

There is only 10% witholding tax on reit distribution/dividend.

This post has been edited by cherroy: Jul 15 2011, 03:11 PM

Open your own CDS account.
No charge.
Share held directly under your name instead banks,
and any financial report, circular of listed company is sent directly to you.

Just need Rm10 only once in your life time.

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Added on July 15, 2011, 4:45 pmLease contract run out can be renewed prior before.

Also contract run out, doesn't mean can be rented out later on soon as well.


This post has been edited by cherroy: Jul 15 2011, 04:45 PM

Reit is not a business.
Reit is about lease or rent out the properties only.

Reit is similar to owning a property and rent it out only.

Where got drop?

Operating incom/profit still rather steady.
Last year got revaluation profit so can compare like that.

When assessing profit figure time, always look at operating profit.

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Added on July 26, 2011, 2:50 pmDo not rely on any ratio published in media, or any platform.
Count your own.
Many are not updating fast enough.



This post has been edited by cherroy: Jul 26 2011, 02:50 PM