I plan to buy REIT when i get my salary this month, So far i have looked at Amfirst, UOAREIT, Axreit and ATRIUM.

I see potential in Axreit because they are positioned better in a recovering economy, Any comment for those other 3?

News on sunway reit

Sunway City Bhd (SunCity) has entered into an agreement with the Government of Singapore Investment Corp Ltd (GIC), whereby GIC has agreed to acquire 134mil units or 5% of the proposed listing of Sunway Real Estate Investment Trust (REIT) at the lower of the institutional price and 98 sen per unit. SunCity had also on 27 May 2010 entered into an underwriting agreement with Sunway REIT Management Sdn Bhd, OSK Trustees Berhad (on behalf of Sunway REIT), RHB Investment Bank (as the coordinator) and RHB Investment Bank, CIMB Investment Bank Berhad and Maybank Investment Bank Berhad (as Joint Underwriters), to severally but not jointly underwrite the offering of 134mil units, subject to clawback and reallocation, to the Malaysian public. There will be no public offering of the REIT in the United States

http://biz.thestar.com.my/news/story.asp?f...24&sec=business

No offering in states, Means less foreign fund ?

Sunway Reit at Rm 1 per share, Think it is a fair price given its large asset like sunway pyramid

Boss, If you could check at page B5 at the star market today, There is a list of REIT in malaysia together with its dividend, I checked at their company website and OSK research platform but couldnt come up with the dividend figure. Is there a trick to see how it tally up?

Bro, I mean the dividend per unit figure not the Gross dividend yield. I check at thestar dividend history for all the counter and there is always a shortfall of 1-2 sen from the dividend per unit

What you think of sunway? OSK yesterday said it might give out the lowest DPU compared to all other. They estimate that sunway Dividend yield to be around 6.3% only

I agree with you since starhill and amanah reit is also offering around 8% and only cost around 0.8 per uni. However i am going to buy some small lots of sunway in hope of capital appreciation

That's reassuring. I cant seem to find the IPO price for all those REIT. Is there any way i can check them?

Your right, The only time that happen is during 97 recession

Btw Cherroy, Is there any significant bad side to REIT except for lack of liquidity of normal stock?

1.1 share to institution which means retail investor price is more expensive. Sunway IPO is suppose to be at RM 1 with 6.7% projected.

Still think its a good deal? Btw starhill is at 0.8 and projected return is 8%

As an insider for the healthcare market, I think that alaqar is very stable. All their location is in strategic area and they can safely dispose of it to other healthcare provider if they choose to

Regarding issue 1, Old and new hospital can always be converted to office block with some effort. If you see at the new tawakal hospital, It have a build it 4 storey car lot with capacity for 200 cars +/-

The chance of KPJ not wanting to rent the building is very slim, Most of the building is in strategic area with tawakal right next to GH, KPJ Ipoh right in the downtown. Everyday people do get ill and as long they prefer private health care than KPJ will survive. Anecdotal evidence suggest more and more foreign patient are flocking in to KPJ Hospital for treatment ie Indonesian

There are some merits in reusing old building. If you notice now, A lot of "Medical Centre " and small hospital are actually based in shoplots. Case in point would be the old tawakal building as well as alpha medical centre

I forgot there is one case where the previous sentosa medical center was reused as tune hotel
Actually,i think hospital would make great conversion to a hotel like tune. Most of the rooms are a bit soundproofed with rooms on both side of the hallway, Anyway i am going offtopic here but there are some "unspecified" use for mortuary

Thanks for taking your time for making it clear cherroy

Damn,Sunway reit public share price went down to 0.88, Based on the revised dividend % to price, It would see it jump from 6.9% to around 7.6%

Presumed haha, But if indeed they are paying 7.6%, Then it changed from the least to among the highest dividend paying

So from your explanation, Is there a merit for price:dividend ratio of 6.9 jump to 7.6 based on its new price

So,Are you joining me in buying it when it goes public?

Its already after IPO la bro