Mid Valley Reits is coming in September.

怡保花园房產信託料9月掛牌
財经 2012年6月26日

（吉隆坡25日讯）隨著怡保花园房產信託（IGBREIT）上市议案在股东特別大会获得通过后，怡保花园（IGB，1597，主板產业股）管理层表示，怡保花园房產信託预计在今年9月掛牌。

怡保花园週一举行股东常年大会后，就怡保花园房產信託上市计划，召开特大寻求股东的通过，而多数股东投支持票。

按照现有计划，怡保花园持有75%股权的科技资產控股（KASSETS，6653，主板產业股），將把旗下的谷中城（Mid Valley）及The Gardens购物商场卖给怡保花园房產信託。在这之后，科技资產控股將会除牌，而怡保花园房產信託则择日上市。

一名小股东向《东方財经》透露，虽然多数小股东对上述上市计划没有异议，但他们依然希望管理层能够解释，是项计划將如何令小股东从中受惠。

作为这项计划的投资顾问，联昌国际投行代表在大会中表示，怡保花园房產信託上市將会释放旗下两项零售资產的价值，即谷中城及The Gardens购物商场。

怡保花园將从2方面获利

同时，怡保花园股东亦能间接受惠，按照持股比例，获得怡保花园房產信託发出的保留单位。其中一名小股东补充，完成上述计划后，怡保花园將从2方面获利。

第一，怡保花园的股息收入將显著提高。目前，怡保花园持有科技资產控股的75%股权，而后者的派息比例是15%。相形之下，怡保花园房產信託上市后，怡保花园將持有51%的股权。儘管如此，前者上市后首2年的派息率却会高达100%。

第二，谷中城及The Gardens购物商场被注入房產信託后，才能最大程度的释放潜在价值。有一名小股东建议，怡保花园应考虑让股东以100：10比例，认购怡保花园房產信託的保留单位。按现有计划，怡保花园股东每持有100股，便能获得房產信託的8个单位。

联昌国际投行代表说，「若把分配信託单位的比例调整至100：10，怡保花园房產信託的保留单位將佔总额的超过5%，违反房產信託的上市条例。」

儘管如此，这项议案最终还是获得股东的通过。

怡保花园董事经理陈俊明隨后向记者表示，在股东点头之后，下一步便是等待证券监督委员会的批准，然后便能在今年9月上市。

Ada angin.

Thanks moppy for alerting.

===

Company Name : KLCC PROPERTY HOLDINGS BERHAD
Stock Name : KLCCP
Date Announced : 28/06/2012

Type : Announcement
Subject : OTHERS

Description : Subject: Proposal to Explore Corporate Structure for KLCC Property Holdings Berhad (“KLCCP”)

The Board of KLCCP wishes to advise that it has today authorised the Management of KLCCP to explore a corporate structure including an appropriate Real Estate Investment Trust (“REIT”), or equivalent, with the objective of optimising shareholder value.

It is expected that any proposals arising from this exercise will be subject to the approvals of relevant authorities, the Board of KLCCP, and shareholders.
Further details as to the progress of the exercise will be announced to the shareholders in due course.

This announcement is dated 28 June 2012

This post has been edited by panasonic88: Jun 28 2012, 11:50 AM

KLCC Property exploring REIT option

KUALA LUMPUR: KLCC Property Holdings Bhd (KLCCP) is exploring the setting up of a real estate investment trust (REIT) or equivalent to optimise shareholder value.

It said on Thursday it had authorised the management of KLCCP to explore a corporate structure including an appropriate REIT or equivalent.

"It is expected that any proposals arising from this exercise will be subject to the approvals of relevant authorities, the board of KLCCP, and shareholders," it said in a statement to Bursa Malaysia.

http://biz.thestar.com.my/news/story.asp?f...34&sec=business

This post has been edited by panasonic88: Jun 28 2012, 12:30 PM

REITs stand to gain, defensive qualities will shine in current trying times

PETALING JAYA: Real estate investment trusts (REITs), which focus on higher-than-market average yields, will stand out in the current uncertain economic and market environment due to their defensive qualities.

The impending listing of IGB REIT and KLCC Property Holdings Bhd's planned REIT could potentially raise investor attention to a sector otherwise viewed as a low-beta proxy to the economy.

Analysts contacted by StarBiz said they did not discount the possibility of eventual increased attention on REITs, saying that this could be a prelude to a re-rating for the sector.

“These two REITs are huge in terms of potential flotation volume and market capitalisation. For IGB REIT, its asset valuation of RM4.6bil will make it the largest retail REIT to date,” RHB Research Institute's REIT analyst Loong Kok Wen said over the telephone.

Loong said the huge asset base due to high liquidity in the financial system would also attract the attention of institutional investors.

“This is a good opportunity to buy into such initial public offering REITs amid the sustained global uncertainties,” he added.

Loong noted that interest in REITs was currently high and this could be sustained, moving forward, should global uncertainties persist.

“There has been a lot of attention lately on consumer-based dividend-paying stocks and their prices have been going up.

“It is the same for REITs their asset revaluation had seen increased prices on the backdrop of high liquidity in the economic system,” Loong added.

A property analyst with TA Research said the other qualities of REITs that would be appreciated by investors in these volatile times were their dividend yielding nature compared with other fixed-income securities.

“I am positive about retail REITs as their dividends are stable because these cash stream comes from their rents.

“Retailers are resilient amid booming economies in the East. And locally, consumers here are always shopping and buying goods during the weekends,” the analyst said.

However, the analyst noted that while REIT yields had declined slightly from the past, one could still find yields as high as 8%.

Yields today still offer 2%-3% premium over fixed-deposit (FD) rates.

“For example, if I am a person with a lot of money, I would like to diversify my returns and risk. So REIT is the next best alternative after FD.

“Today, we are also looking at richer valuations for REIT stocks,” the analyst said.

In a report, Hong Leong Investment Bank said foreign funds and investors were continuing to show strong interest in Malaysian retail assets due to their attractive yields and pricing.

“The retail segment is blessed with a highly favourable macroeconomic backdrop sustained consumption theme in Malaysia, rising disposable income and discretionary spending, high consumer confidence, strong employment market (and) the tourism boom of Malaysia,” Hong Leong's REIT analyst Sean Lim wrote in the report.

Just curious

Anybody's portfolio has the following Retail/Shopping Mall's Reits?

1) CMMT (Gurney Plaza, Sg Wang, Mines, East Coast Mall)

2) SUNREIT (Sunway Pyramid, Sunway Carnival, Suncity Ipoh, Sunway Resort Hotel & Spa, Pyramid Tower Hotel, Sunway Hotel Seberang Jaya, Menara Sunway, Sunway Tower)

3) PAVREIT (Pavillion, Pavillion Tower)

Soon coming in September is IGBREIT (Mid Valley, Gardens)

And in the discussion is KLCCReits.

Oh I thought you have sold your CMMT which give you more than 20% profits

Neither I will choose all same sector.

I'd just choose one mall that I like the most / more friends usually go.

Cherroy, for the coming quarter, how much DPU do you anticipating from Axreit?

My first time receiving divvy from Axreit after we parted at 1.40 in 2008/09.

Under "Order Status" will show ALL MATCHED if your purchased is on.

Reits's 10% tax is not claim-able.

Yup, you can claim back the 25% tax from ordinary stock.

Qcap is another Reits I sold with regret. Aiyo.

If as per cherroy said, DPU is 8c, after less tax yield is around 6%.

Single tier kenot claim anymore. Only those stated 25% tax can.

4952 AHP AMANAH HARTA TANAH PNB
Interim Income Distribution 3.70 Sen T.E. at Trust Level

===

Is AHP consider a Reit?

If yes, looks like it is on tax exempted mode now? Will it apply to other Reits in future?

IGB Reits is approved. Oh yea!

===

怡保花园产托获批
•财经新闻
•财经
2012-07-20 11:11

（吉隆坡19日讯）怡保花园（IGB，1597，主板产业股）献议成立和上市怡保花园产托（IGB REIT）的设立，已于7月18日获得证监会（SC）批准。

根据文告，证监会批准怡保花园设立35亿5000万单位的怡保花园产托，并把全数35亿5000万单位的资本上市大马交易所主板交易。

此外，怡保花园产托管理私人有限公司和AmTrustee有限公司、分别受委为怡保花园产托管理公司和委托人的建议也获得批准。

怡保花园寻求豁免部分在房产投资信托准则、集体投资计划（CIS）招股书准则和资产评估准则内部分条文。

根据怡保花园的建议，怡保花园将把旗下谷中城美佳广场（Mid Valley Megamall）及The Gardens Mall等资产注入怡保花园产托

Kasset jumped 26c to 8.26.

Buy now & apply IPO. Secure both side mah.

Aggresive one can buy on/after listing day as well.

Axreit DPU announcement out yesterday.

===

AXREIT - Income Distribution (0.044)
Company: AXIS REITS
Stock Name: AXREIT
Amount: 0.044
Announcement Date: 23/07/2012
Ex Date: 02/08/2012

Dividend Detail:

--------------------------------------------------------------------------------
EX-date: 02/08/2012

Entitlement date: 06/08/2012

Entitlement time: 05:00:00 PM

Entitlement subject: Income Distribution

Entitlement description: Second Interim Income Distribution of 4.40 sen per Unit (of which 4.35 sen is taxable and 0.05 sen per unit is non-taxable in the hands of unitholders) in respect of the period from 1 April 2012 to 30 June 2012

Period of interest payment: to

Financial Year End: 31/12/2012

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

Registrar's name ,address, telephone no: Symphony Share Registrars Sdn Bhd
Level 6, Symphony House
Pusat Dagangan Dana 1
Jalan PJU 1A/46
47301 Petaling Jaya
Selangor Darul Ehsan
Telephone no. 03-7841 8000

Payment date: 11/09/2012

a. Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers: 06/08/2012

Entitlement indicator: Currency

Currency: Malaysian Ringgit (MYR)

Entitlement in Currency: 0.044

Remarks: On 23 July 2012, the Board of Directors of Axis REIT Managers Berhad ("Board"), the management company of Axis Real Estate Investment Trust ("Axis-REIT") ("Manager"), has announced the quarterly results for the financial period ended 30 June 2012 and proposed a second interim income distribution in respect of the period from 1 April 2012 to 30 June 2012 of 4.40 sen per unit (of which 4.35 sen per unit is taxable and 0.05 sen per unit is non-taxable in the hands of unitholders) ("Second Interim Income Distribution").

The Board has determined that the income distribution reinvestment plan ("IDRP"), which allows unitholders of Axis-REIT to reinvest their income distribution in new units, will apply to the Second Interim Income Distribution, in which the gross electable portion of 2.20 sen per unit out of the Second Interim Income Distribution of 4.40 sen per unit (which is taxable in the hands of unitholders) ("Electable Portion") can be elected to be reinvested in new units and the remaining portion of 2.20 sen per unit (of which 2.15 sen per unit is taxable and 0.05 sen per unit is non-taxable in the hands of unitholders) will be paid in cash.

The IDRP also provides the unitholders the option to reinvest the entire Electable Portion or part of the Electable Portion based on the proportion as determined by the Board. In this regard, the Board has also determined the proportion of the Electable Portion in which the unitholders can elect to reinvest in new units will be 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion, and the remaining 1.10 sen per unit (which is taxable in the hands of unitholders) of the Electable Portion will be paid in cash. If the unitholders elect not to participate in the IDRP, then the Electable Portion will be paid wholly in cash.

The Board has announced on the same date that the issue price of the new units to be issued pursuant to the IDRP applicable to the Second Interim Income Distribution has been fixed today at RM2.68 per new unit.
===

Is the IDPR (income distribution reinvestment plan) a compulsary?

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.

Haha like the word "backdoor owning"

S-reit is tax free? Wow.

If Cherroy is reading this, I'd like to hear your comment, since you are M-Reit Collectors, do you buy S-Reit as well? If you don't, why?

This post has been edited by panasonic88: Aug 3 2012, 12:23 PM

I see. Yeah Good for us Malaysian then.

每单位参阅价RM1.25 怡保花园产托9·19 上市

财经新闻
财经
  2012-08-06 21:25
（吉隆坡6日讯）怡保花园产托（IGBREIT）计划在今年9月19日（週三），在大马交易所主板上市。

根据公司向证券监督委员会的报备，证券监督委员会批准公司发行35亿5000万单位，公司发行34亿单位给卖主作为收购活动的部份资金。

同时，证监会也批准公司发行1亿5000万单位支付管理费。

怡保花园产托在上述报备文件上说，每单位参阅价为1.25令吉。

公司发行的34亿单位中，27亿3000万单位给Kris资产（KAssets，6653，主板产业股），相等于80.3%股权。

剩下的6亿7000万单位或相等于19.7%股权，则供散户与机构投资者认购，其中散户投资者可认购2亿100万单位或相等于5.9%股权，机构投资者则可认购4亿6900万单位，相等于13.8%股权。

以公司上市34亿单位，以及每单位1.25令吉零售价计算，预计上市后市值可达42亿5000万令吉。

今年7月26日，怡保花园产托（IGBREIT）的托管人与Kris资产签署买卖协议，向后者收购谷中城美佳广场（MidValley Megamall）和相关资产，以及TheGardens Mall广场和相关资产，总值46亿1260万令吉。

怡保花园产托除了透过发行上述34亿单位作为部份交易代价，也将筹集12亿1300万令吉现金。