Trying 1st IPO this year. SUNWAY REIT. Closing today at 5.00pm.

RM0.90 eh, not RM0.88. Where's d source? Listed today. I got few guni of it.

Hope someone can help me to clear this out.

I bought the IPO SunwayREIT thru Maybank2u. The IPO listing price is 0.970 and my transaction is successful.

But the opening is at 0.88. The balance will auto transfer back to my maybank2u online?

Now the worse part is I check my share portfolio thru Maybank2u stock online, is not there. I called maybank to check and they told me I need to wait for a letter from Bursa in 14 days to confirm whether the transaction is successful or not.

Now my $ is gone & also stock also none. So I have to wait for 14days from 8/7 or the due date of 30/6?

anyway to check the status of CDS account? or we have to go through the broker to check whether the shares have been credited to our CDS account?

Yes, my CDS account is there. This is not the first time I subscribe the IPO thru Maybank2u. I never face this problem before.

SUNREIT refund update

Just got a MAYBANK cheque (Jln Ampang) for the refund, dated 28th June.  Will deposit 2molo..
Sender - MIDF, sapa lagi

5130    ATRIUM    ATRIUM REITS 
Second Interim Income Distribution 2.15 Sen 

Entitlement Details:
Second interim income distribution of 2.15 sen per unit in respect of the three
month period from 1 April 2010 to 30 June 2010


Entitlement Type: Income Distribution
Entitlement Date and Time: 09/08/2010  05:00 PM
Year Ending/Period Ending/Ended Date: 31/12/2010
EX Date: 05/08/2010
To SCANS Date:  
Payment Date: 27/08/2010
Interest Payment Period:  
Rights Issue Price: 0.000
Trading of Rights Start On:  
Trading of Rights End On:  
Stock Par Value:  

Share transfer book & register of members will be closed from   to   (both dates inclusive) for the purpose of determining the entitlements

Cheers guys, I think I've used the word FREE inaccurately. Sorry. 

What I actually mean was, when a company wants to increase their capital, they sometimes do BI. And when they increase unit of shares to increase capital, existing shareholder's shares will be diluted. And how they treat shareholders fairly is that they offer the same amount of extra units to the shareholders. ie. 1 on 1 BI ends up shareholders holding double of shares they used to have, so that the dilution of EPS does not affects their total profit from the shares they own.

Now comes to the case of REITs. When they increase capital, they DON'T offer BI. So the EPS of existing shareholders' shares becomes diluted immediately. Of course, the new assets may provide more profit in the future, but at the moment, they may not too. For non-Reit companies, after they increase capital, they also use those extra capital to gain more income in the future too. But at the moment, they offer BI to their shareholders so that the profit of their owning shares remains the same.

I hope this explanation is clear enough.
Cheers. 

ps: I used the word "FREE" because in chinese, they wrote something like this:
手套股建議以1送1比例派送1億5986萬6976紅股。
"送" in English is "free gift".

Stareit also is another one has high liqudiity, a forgotten reit recently.

Hello to all Sifu's. I am newbie to this forum. I am keen on buying Amfirst reit and I hope you can help me with your advice.

I read Amfirst will pay the first half dividend in November 2010 based on 1H results as at 30Sept 2010.
Question: when is the last date I can buy the reit to be entitled to the dividends?

Assuming I buy at RM1.18 on 30th September 2010, and they pay the expected dividend of 4.88sen per unit and I receive the dividend on 30th November 2010, can I say my annualised yield is 24.81% based on the following calculations?:

0.0488/1.18%=4.135% for 2 months investment (30Septembet to 30 November).
Annualising; (4.135/2)x12=24.81%.

Thanking you in advance.

Yes, reit can be a place for dumping properties, so does ordinary listed IPO. We have seen many IPO, major shareholders treat it as dumping site as well.
But we can't say it must be across.
If worry about cooking the book, ordinary listed company has even higher risk.

I don't mean reit is a safe place to be, just for any investment tool, there is every chance people taking advantage of the situation. Even some receivable in ordinary listed compoany account also can be fake.
At least rental collected must be real hard cash, if not, it is very easy to spot, as reit needs to distribute >90% of the income, if the rental is not collected and in cash form, very easy to spot.
Unlike ordinary company, sometimes, it is not easy to spot or pin-point something fishy before it is too late, as reit account is more straight forward while ordinary company operation can be very complicated.

If feel fishy and uncomfortable with the valuation, then just avoid it. 

The one I eager to know is Stareit, aka their Q report without Starhill & Lot 10, and new properties injection.

I want to buy more.