On ah!

Quite not worth it lo

thanks for the welcome, bro....

i dun think i have 20-30k at one go to hentam any REIT...
the initial plan is to get like batches of 5k to invest everytime....

and i have nothing in my portfolio right now...
that's why thinking to lay REIT as foundation 1st..since it's lower risk...

What is your goal and how long are you looking at in terms of investment? REIT is slightly lower risk, but there are still risks nonetheless .. Do think of diversifying it

Just spent some time reading parts of the Pavillion prospectus. The valuation of the mall (3.4 billion) feels pretty inflated to me when there are so many reports indicating that the high end property market has peaked. The sellers are asking us to pay for something now that was valued in June 2011 based on transactions carried out when the property market was very hot. Hmm... are there any real estate agents here that can comment on whether the RM2,554psft valuation for prime retail space is inflated?

I think it is inflated as well, especially in that area where they are competing with the likes of Starhill, Lot 10 and couple of other malls around.

Majority of their tenants seem to depend on consumers with high disposable incomes and I frankly haven't been impressed the few times I've been there.

The only advantage I see for the IPO now is that at 88sen, it can still rise to 90-95 sen which you can sell for a quick profit. For dividend yield wise, I feel that other REITs have far more potential or already have proven to be able to provide better yields.

hi...in terms of goal, i really have no idea....(please dun bash me , but even if u do, i will take it as an advice from senior)

since this will be my 1st time playing this, i guess aiming for REIT is much better than going for those more fluctuating shares... in terms of diversify, yes...i will do that...just that instead of waiting till i have big chink of money and start and play diff share and diversify....i tot of building the foundation with limited money, hence not being able to diversify...so REIT should be the 1st i foray on

We are all learning here so no bash bash all

Having a goal is important, but not a need when it comes in planning your financial. This allows you to focus on what you want to do and how long do you have to do it. Take for example, if my aim is to own my own house, my portfolio would have to be more aggressive than another whose aim is to ensure a good retirement fund.

He would go for things like long term bonds, high dividend yields stocks, REITs and mutual funds to generate the returns needed to get his goal. Menwhile, I will disregard funds, opt for aggressive growth stocks, junk bond or short term bonds, risker funds and look into day trading.

Our portfolio would also be different, I would have a smaller high dividend yield stocks as I will be concentrating on day trade and aggressive growth stocks to generate immediate income the moment they naik harga, but the other dude would ignore all those and just count the dividends he get every year.

So it is ok if you don't have a specific goal, but as you can see, if helps in determining the risk you are willing to take, the risk you need to take and the portfolio you should aim for

For REITs, there are a few nice ones floating around. Star reit, Tower reit and AR reit are some of the good performers in my own opinion. But those come at their own price and thus, their return now is mixed. The different REITs also focuses on different things, some concentrates in offices, some on retail and some on industrial. You might want to shortlist a few and look at what their property offers before jumping in.

For example, the PavReits looked nice until I read about their prospectus, and having been around that area and the property they included, I'm not convince it will be a top performer.

Hmm read it as well, offer price 0.88, yield expected to be 6.5%. Still better than CMMT (5.9%) and Sunway (5.6%) which operates big malls as well, except for Hektar (8.05%) , but hektar is a much smaller player.

However Pavillion REIT is not too bad compared to similar Mall REIT's. But for malls & office combo I still like Suntec REIT with 8.5% yield.

This post has been edited by gark: Oct 24 2011, 07:02 PM

hmm at IPO, Pavreit yield 6.5% is ok la..
after -10% withholding, it's about 5.8%

imo, buy only if u can hold long enough until they acquire more assets to increase yield...
~NAV 94c
~Half yearly income distribution
~Gearing is not too high.. Total Asset 3.6B, Liab 0.805B, Equity 2.827B (not sure abt future borrowings)
~3B issued shares, 35M for ikan bilis, 755M for institutions, remaining shares are held by Datuk Desmond Lim 845M, his wife 282M and Qatar Holdings 1083M
~2 core properties, Pavilion Mall and Pavilion Towers..
~Opportunities for growth: fahrenheit88, Pav extension, USJ Mall, future developments
~Options to add 620M units after listing (already granted by SC but requires shareholders' approval)

~Retail IPO starts 14th Nov, Close 21st Nov
~Inst. IPO starts 11th Nov, Close 23rd Nov
~Price Determinant Date: 23rd Nov
~Balloting Date: 24th Nov
~Allotment: 5th Dec
~Listing Date:7th Dec

plz correct any inaccurate info i put here..

This post has been edited by mopster: Oct 24 2011, 07:38 PM

When SunReit came out.. No one expect it to go beyond RM1 i suppose?

This is probably the immediate value I see in PavReit, is that it will rise beyond the 88sen, thus negating any perceived 'loss' in the 6% yield.

yeap....thanks for taking time and effort typing so long...appreciate it

perhaps i should explain where i'm coming from, here's my current situation now...

i've bought a house back in end of 2009, together with my sis...the idea is that instead of renting, we are better off buying one house, both ppl sharing, with a view of selling or renting it out after 5 years..which means i have 3 more years here.. if according to plan

just bought a car recently....and...as a matter of fact, my saving is quite depleted .....

so right now (i maybe short sighted), my main aim is to find some avenue other than dumping into FD, where i can make use of my money and future money to earn more than FD, but not too risky either, due to the fact of my minimal saving now...

last weekend i spend some time reading here and i do see that Star reit, Tower reit and AR reit are being mentioned alot here...i've shortlisted them and currently monitoring them and also see what other knowledge i can pick up from here....

hi, how to apply Pavreit IPO? Check on CIMB eipo but does not show this in the upcoming IPO

As much as reit is more like fixed income, and some treat like alternative FD, but it is not an FD.
You can lose in reit as well.
There were reit (overseas with high leveraged) that went under as well during 2008 crisis.

Just a reminder, don't take for granted, reit is definitely safe.

Reit risk exposure is similar to property.

yeap...understand that

right now, even though i start looking into this forum...i am not going to foray into it yet....perhaps in half a year time...wanna boost up back my saving 1st...but i think it's better i start learning and pick a thing or two from senior around here 1st

Maybank call for Axreit:-


This post has been edited by protonw: Oct 27 2011, 09:41 AM


Attached File(s)
 AXRB_20111027_MIB_1081_002.pdf ( 400.77k ) Number of downloads: 77

http://www.nanyang.com/node/393431?tid=462

I only had one reit, that's Axreit. Been queuing to buy CMMT for weeks, but still fail to get it. No fate.

SUNREIT 3rd result, the profit up 27%, it is good to hold REIT stock during this period

Sunway REIT property income up 27.2pc