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 REIT V3, Real Estate Investment Trust

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jeenhao
post Mar 8 2012, 10:05 AM

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QUOTE(hmn @ Mar 8 2012, 08:37 AM)
Why 500units. You got free brokerage fee is it? wink.gif
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Huh? What do you mean??? Normally how many units you guys buy to minimize brokerage fee? How to calculate it? Sorry newbie here sweat.gif
cherroy
post Mar 8 2012, 10:52 AM

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QUOTE(bryan5073 @ Mar 7 2012, 07:33 PM)
Why do REIT stocks in Malaysia have such low volumes?

Is it a problem for you guys regarding liquidity?

Wanna start invest soon, and REITs seem like the safest stocks to start with.

I was told retail REITS (CMMT, SUNREIT, PAVREIT, HEKTAR) are the safest, what say you?
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Liquidity is still low, and size of reit is not large enough, not many investors know.
Unless one is talking about investing a few millions onwards, one should have any problem of liquidating for the liquidity issue.

There is not such thing of safest. All are subjected to different kind of risk due to individual properties sector and portfolio.
It is better to study briefly what are the properties they are holding, what is the gearing ratio etc. instead blatantly said safer or safest. smile.gif

bryan5073
post Mar 8 2012, 11:07 AM

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QUOTE(hmn @ Mar 8 2012, 08:37 AM)
Why 500units. You got free brokerage fee is it? wink.gif
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For OSK, the minimum brokerage fees is RM28 or 0.4% of what you gonna pay, whichever comes first. 500 units means only 5 lots, means the RM28 charged up front, it's gonna take some time for the stock to gain back the 28 for you...

QUOTE(river.sand @ Mar 8 2012, 09:32 AM)
Everybody was panic sad.gif

I think many of us have stop-loss strategy, e.g. If price drops by 10%, sell!
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Sell then buy some more units at cheaper price! Right?

QUOTE(cherroy @ Mar 8 2012, 10:52 AM)
Liquidity is still low, and size of reit is not large enough, not many investors know.
Unless one is talking about investing a few millions onwards, one should have any problem of liquidating for the liquidity issue.

There is not such thing of safest. All are subjected to different kind of risk due to individual properties sector and portfolio.
It is better to study briefly what are the properties they are holding, what is the gearing ratio etc. instead blatantly said safer or safest.  smile.gif
*
Thanks cherroy, hope people gets more informed and excited about REITs, really like them. In terms of safety, I've checked that REITS have one of the lowest beta among all stocks, everyday move also move a bit only (unless there's news la) wink.gif
Chicken~:>
post Mar 8 2012, 11:26 AM

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QUOTE(cherroy @ Mar 8 2012, 10:52 AM)
Liquidity is still low, and size of reit is not large enough, not many investors know.
Unless one is talking about investing a few millions onwards, one should have any problem of liquidating for the liquidity issue.

There is not such thing of safest. All are subjected to different kind of risk due to individual properties sector and portfolio.
It is better to study briefly what are the properties they are holding, what is the gearing ratio etc. instead blatantly said safer or safest.  smile.gif
*
cherroy,

are you trying to say we do not need to worry about liquidity issue as we dont transact more than 1 million?
apagranpa10
post Mar 8 2012, 12:06 PM

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QUOTE(jeenhao @ Mar 7 2012, 08:39 PM)
What I mean is, almost all (I think is all) REITs are raising price since last year Nov and Dec... I wonder if the price will drop later. My question is... Is this a good timing to buy REITs?
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Sorry, as there's no one in this world could possibly time the market right 100%. So I took your question as "you will open an trading account with osk soon. Any Reits counter which is still worth buying/undervalue at this time?"

bryan5073
post Mar 8 2012, 12:12 PM

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QUOTE(apagranpa10 @ Mar 8 2012, 12:06 PM)
Sorry, as there's no one in this world could possibly time the market right 100%. So I took your question as "you will open an trading account with osk soon. Any Reits counter which is still worth buying/undervalue at this time?"
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So what do you think? Is there any?
jeenhao
post Mar 8 2012, 12:15 PM

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I opened already. Haha! But need to wait few more days before it's valid. I think I wont buy first because of the brokerage fee.
apagranpa10
post Mar 8 2012, 12:26 PM

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QUOTE(bryan5073 @ Mar 8 2012, 12:12 PM)
So what do you think? Is there any?
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Suggest to start from looking at those priced below their Nav. Which counter is more to personal preference.


bryan5073
post Mar 8 2012, 12:45 PM

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QUOTE(apagranpa10 @ Mar 8 2012, 12:26 PM)
Suggest to start from looking at those priced below their Nav. Which counter is more to personal preference.
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NAV = Intrinsic Value right?
apagranpa10
post Mar 8 2012, 01:17 PM

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QUOTE(bryan5073 @ Mar 8 2012, 12:45 PM)
NAV = Intrinsic Value right?
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Nav= Net Asset value. Derived from the property valuation of each individual Reit. You will hv to do more homework to get to the intrinsic value.
bryan5073
post Mar 8 2012, 01:29 PM

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QUOTE(apagranpa10 @ Mar 8 2012, 01:17 PM)
Nav= Net Asset value. Derived from the property valuation of each individual Reit. You will hv to do more homework to get to the intrinsic value.
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I know how calculate Intrinsic Vale but dunno how to calculate NAV. They're more or less the same, right? I think NAV is given in most of the financial statements of the companies right?

By the way, between the 2, which is more important to look at for REITs?
cherroy
post Mar 8 2012, 01:45 PM

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QUOTE(Chicken~:> @ Mar 8 2012, 11:26 AM)
cherroy,

are you trying to say we do not need to worry about liquidity issue as we dont transact more than 1 million?
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Some sort like that, as there is little problem for anyone to buy and sell if the amount is less 1 million.
wongmunkeong
post Mar 8 2012, 01:59 PM

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QUOTE(bryan5073 @ Mar 8 2012, 01:29 PM)
I know how calculate Intrinsic Vale but dunno how to calculate NAV. They're more or less the same, right? I think NAV is given in most of the financial statements of the companies right?

By the way, between the 2, which is more important to look at for REITs?
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Dude - on an online stock trading platform, U shd be able to see NAPS (Net Asset Per Share).
IMHO, U can roughly judge whether a REIT's market price is at lelong by how much VS its NAPS
eg.
IF market price $0.70 per unit of share VS NAPS of $1 = nice.. gimme gimme (assuming it's D/E is > 0.6 and ROE is consistently >7% to 8%)
IF market price $1 per unit of share VS NAPS of $0.50 = bah...

This post has been edited by wongmunkeong: Mar 8 2012, 02:00 PM
bryan5073
post Mar 8 2012, 02:24 PM

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QUOTE(wongmunkeong @ Mar 8 2012, 01:59 PM)
Dude - on an online stock trading platform, U shd be able to see NAPS (Net Asset Per Share).
IMHO, U can roughly judge whether a REIT's market price is at lelong by how much VS its NAPS
eg.
IF market price $0.70 per unit of share VS NAPS of $1 = nice.. gimme gimme (assuming it's D/E is > 0.6 and ROE is consistently >7% to 8%)
IF market price $1 per unit of share VS NAPS of $0.50 = bah...
*
Erm... Both my OSK188 and CIMB itrade also didn't show NAPS leh... What platform are you using?
wongmunkeong
post Mar 8 2012, 02:29 PM

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QUOTE(bryan5073 @ Mar 8 2012, 02:24 PM)
Erm... Both my OSK188 and CIMB itrade also didn't show NAPS leh... What platform are you using?
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HLeB
bryan5073
post Mar 8 2012, 02:36 PM

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QUOTE(wongmunkeong @ Mar 8 2012, 02:29 PM)
HLeB
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Great...... shakehead.gif
machoman_13
post Mar 8 2012, 04:58 PM

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Maybank, ECM, HwangDBS, OSK said BUY, RHB said HOLD.

Again, REIT is good for long term investment.

http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=AXREIT


ozak
post Mar 8 2012, 09:03 PM

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QUOTE(jeenhao @ Mar 7 2012, 09:38 PM)
Let us buy some REITs now  biggrin.gif
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Why want to buy now? The price is high or stable. And div time is over.
bryan5073
post Mar 8 2012, 10:40 PM

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QUOTE(ozak @ Mar 8 2012, 09:03 PM)
Why want to buy now? The price is high or stable. And div time is over.
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Ya wait till the market dip like last august wink.gif
prophetjul
post Mar 9 2012, 08:45 AM

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QUOTE(prophetjul @ Mar 7 2012, 08:19 AM)
What are the arguements for S-REITs vs M-REITs?
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NO ONE trades S-REITs here? rclxub.gif

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