At what price are you queuing? this morning 1.48 anticipate it will drop a lil bit after the dividend announcement?

hmm duno le, but the dividend just announced, probably ppl dont want to sell pun. maybe i wait after dividend payout then enter, price might drop a lil bit

EX-Date = 8 August for TWRREIT Dividend

When is the pay day? grats to you

Slowpoke but just saw the Tower Reits dividend announcement. Nice!

24 Aug 2012

AXIS REIT By Hwang DBS Vickers Research

Buy (maintained)

Target price: RM3.35

AXIS Real Estate Investment Trust's (REIT) acquisition line-up remains strong with agreements for three properties signed (offering 8% to 9% net property income yields), while two more are likely to be firmed up by end-2012.

A majority of the properties under negotiation are tenanted to companies within Axis' current customer base, while Axis Technology Centre 2 (ATC2 an office/warehouse block) is a private equity project by the promoter that is likely to be injected.

Gearing will potentially hit 35% by end-2012, and we think a placement is foreseeable in early 2013.

The REIT will be seeking approvals for renewal of its Income Distribution Reinvestment Plan (up to 2.2 sen of the second quarter of 2012 distributions), additional equity placements (up to 91 million units), management fees payable in units (up to 2 million units) and acquisitions and disposal of properties.

Asset enhancement initiatives for Infinite Centre and Wisma Bintang are on track, and should see strong gains in valuations and rentals when completed (estimated by 2013), which is factored into our forecast.

The REIT is also applying for MSC Malaysia status for various properties, which could result in rental premiums if received due to strong demand from companies.

After modifying our assumptions to account for Kayangan Depot disposal, acquisition of Wisma Academy & Annex and potential acquisitions in the financial year ending Dec 31, 2013 (FY13) (we now assume ATC2 will be acquired in the second half of 2013 instead of in the second half of 2012 at 8% net property income yield), FY12 to FY14 forecast earnings are adjusted by -0.3% to 1.3%.

Long-term growth drivers are intact with strong contribution from ATC2, leading us to lift our target price to RM3.35 (but beta adjusted to 0.6 from 0.5).

FY12 forecast distribution per unit is raised to 19.4 sen after including management fees payable in units (estimated to be 15% of management fees) and disposal gain on Kayangan Depot.

like normal term, every 1000 shares get 5.48 cents am i correct

You will get 5.48 cents a share. 1000 shares will get you RM54.80.

CMMT
EX-date: 01/08/2012

Entitlement date: 03/08/2012

Entitlement time: 05:00:00 PM

Entitlement subject: Income Distribution

Entitlement description: Income distribution of 4.20 sen per unit (of which 4.11 sen per unit is taxable and 0.09 sen per unit is tax exempt in the hands of unitholders) in respect of the period from 1 January 2012 to 30 June 2012.

Any HEKTAR news for Right issues?

STARREIT div coming too...dunno wanna buy back or not

How & where do I find out the date of div announcement ya actually?

- Check from Bursa Malaysia
- Available from your Trading Platform

IHH didn't get the IPO, so now look see look see. Scare if 100x PE stock, my heart no good. Maybe I'll wait for its price to stabilize first after few weeks time, then only consider it.
my friend jackpot hit the IPO, now already 12% paper profit. so envy!

This post has been edited by yok70: Jul 27 2012, 01:01 AM

No need envy ba. Your trade history on CMMT was awesome what.

yes still eligible...

Guys, any new REITS share coming up?

Hot one shud be IGBreits which not yet open for subcriptions but backdoor owning got kassets ......

Haha like the word "backdoor owning"