CapitaMalls asset listing on July 16.........YES, TOMORROW



Any takers?








THE country’s largest pure-play shopping mall real estate investment trust), CapitaMalls Malaysia Trust (CMMT), is expected to be listed on Bursa Malaysia on July 16 with a market capitalisation of RM1.4 billion.

Its initial portfolio includes Gurney Plaza, Sungei Wang Plaza and The Mines.

CMMT will be the designated listed vehicle forCapitaMalls Asia’s retail assets here

This post has been edited by monkeyking: Jul 15 2010, 04:39 AM


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Hmm...just wonder what would be the best course of action when you get your dividends...

Should you, reinvest it back to the market or invest maybe in Trust Funds or maybe some savings scheme or just use it?

Better if can roll the money bigger, right...so, any opinions?

yeah best would be reinvest it.. but even if you have 10lot of reit worth abt 10k @ 1 MYR ,

you only get abt 600 bucks worth of dividend per year..

not sure how u can reinvest that dividend for a better dividend...

ARREIT divy...

5127 ARREIT AMANAHRAYA REITS
2nd Income Distribution 1.9997 Sen (1.6242 Sen taxable & 0.3755 Sen T.E.)

Entitlement Details:
Second Income Distribution of 1.9997 sen per ARREIT unit (taxable of 1.6242 sen
per unit and tax-exempt of 0.3755 sen per unit) for the statutory financial
period ended 30 June 2010


Entitlement Type: Income Distribution
Entitlement Date and Time: 29/07/2010 04:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 27/07/2010
To SCANS Date:
Payment Date: 26/08/2010
Interest Payment Period:
Rights Issue Price: 0.000
Trading of Rights Start On:
Trading of Rights End On:
Stock Par Value:

CMMT drop below reference price.

thanks for the heads up

It is expected. The question is, how low can it go?

I don't think it can lower than 0.95 in near term.

0.90 could be a good bargain.

They have about 100 millions units for stabilizing managers to play with.
When the yield gets to 8.5%, it will be very attractive!

I applied for Capitamalls IPO 3000 units. On CIMB eIPO it shows that I got 3000 shared alotted.

But after listing today it shows my portfolio only has 2900 shares. Any idea where the 100 went?

The only way is to call your broker to verify.

Actually you only allotted 2,900 unit, the 100 unit will be refund to you, just don't know whether it will come with the refund cheque or direct into your a/c, my friends also haven't got the refund yet.

The recent Sunreit and Cmmt IPO seems to have some news about stabilizing managers being appointed. So from what I kinda understand, it means these big fund managers will control the price of the REIT from over speculation or massive sell down?

If that's the case, then who are the stabilizing managers for all the other REITs listed in KLSE (e.g ARREIT AXREIT, etc.)

This is more for initial period after IPO only.
Not forever.

Stabilizing manager normally borrow share (over-allotment) from offeror to sell to investors during the floating, and return share or money back when the period over. For previous listed REIT, don't think there is such arrangement, so don't have (maybe some have, but I didn't notice that).

They appoint stablising manager is because both of them size of IPO is rather big as compared others. There are a lot of free float shares around.

I sure hope CMMT can drop to 0.90 like cherroy taiko said.
Quite a long way to go man...guess must be after the stabilizing period.

Hopefully too......drop to around $0.90 & then I think there will be more takers. ......included me too.

I wonder how REITs will perform in a bear market in relation to normal equities. Will REIT prices drop nominally or follow the index?

If REIT prices drop to unrealistic levels, it could be time to pick some up for good dividend yields, assuming the property market is still intact.

Historically REITs perform like a bond in bull times, and like an equity when in bear times. . Remember during severe recession, you might have deflation and also loss of income from rentals.

This is not apparent in Malaysia's REITs during the last bear run, but it happened to a lot of foreign REIT's that they actually lost rental incomes and their value of properties depreciated. So if I were you I will be more careful to pick high yield REIT's unless there is not much impact on the property prices or rentals.