thanks for the detailed reply.
oh i studied the link given, thanks.
meaning the dividend will credited to my securities A/C

This post has been edited by mike86: Nov 28 2011, 04:37 PM

As the term means. E-dividend means that the money is directly paid into your bank account instead of sending out a cheque.

A lot of info can be obtained from Bursa's website if you browse around there.

http://www.bursamalaysia.com/website/bm/tr.../edividend.html

yup, i just got it.
thanks alot for the information given, appreciated
btw, is the e-dividend automatically registered upon opening an ebroking A/C? or need to manually submit it?

This post has been edited by mike86: Nov 28 2011, 04:41 PM

This article is more towards Singapore Reits and I'm not a big fan of Reits unless I can buy them cheap cheap but still worth reading....

Reit Myth Busted

thanks for sharing this... good article..


i agree with him, the last 2 para holds they key -> Eventhough they are all REITs, we should do our homework and not simply buy and think it's safe..

That's why I preferred reit raised cash for new acquisition through private placement.
And most importantly, the new acquisition through private placement money, is not diluting any distribution while diversify the asset portfolio.

Reit is never safe, it is similar to equity.
Please do not have the wrong mindset reit is safe and can escape the market turbulence entirely.

Reit is not a safe heaven, so does ordinary bond, even sovereign bond is not safe heaven except a few really big one.

nice article....
will find out more about the 10 rights that can make us pay for $$ to them...

LIKE this article.
So far the only Malaysain reit I know with right issue proposed is AMFirst.

Thank U Veda for sharing that article here.

Hopefully, this and other articles can help open our eyes, especially those that have not seen how REITs plunged during the 2008 crisis - REITs do share some similar pains as normal stocks, other than dilution of equity. Thus, like equity, buying value (good discount via price over NAPS? good gross DY%? all backed by good D/E and ROTA?)

Like Cherroy mentioned, REITs aint no safe haven - think about the possibility that one's REITs plunges 30% to 40% in market price, even though paying out gross DY8%pa. Those that can hold, good. It may also be more prudent to sell when market's crazy and buy back in after the plunge - similar to property market? Those that use $ which is needed within a couple of years may get burnt trying to hold & hope.

Just a thought - my apologies if toes were stubbed

What if there is a rights issue but we choose not to take up? Isn't it like a private placement then?

Guys, you are welcome. The article opened my eyes as well.

Today, I got this in my Edge email alert

CMMT mulls rights issue
KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), a unit of Singapore's CapitaLand Ltd, is considering a rights issue to boost its coffers as it seeks to bulk up on more retail assets here.

look at the bright side, if we are offered a discount to the current price for the rights issue, why not , & if the assets aimed will provide good steady returns, another plus.
Only downside is the retailer has to fork out his own $

If the right issue is issued at above market price, then you can choose not to.

But if the right issue price is below, then when ex-right time, share price will be adjusted down, so you are losing the differences the between.

For eg. current share price is Rm1.00, they undergo 1: 1 right issue at RM0.80.
After ex-right, share price will be Rm0.90.
By not subscribing the right, you lose out RM0.10 straight away.

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Added on November 29, 2011, 10:07 amWe invested in reit, the aim is for providing steady fixed income return to us.
Not continuously fork out money, and increase money inside.

They should look for private placement in the first hand before seeking shareholder money.

Right issue discount on current price won't make one any gain out of it.
Share price will be adjusted after right issue.


This post has been edited by cherroy: Nov 29 2011, 10:07 AM

I don't understand what's the difference between RI and Private placement in the regards of share price adjustment.
As for RI, on ex date it will be re-adjusted because of dilution of earnings. (considering I'm not subscribing for the RI)
As for private placement, although there is no ex date, but the share price may still be re-adjusted because of dilution of earnings.
Please correct me if I am wrong.

Thanks for the article.

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Added on November 29, 2011, 11:37 am

So far, any REITS counter in Malaysia offering rights issue? how's the track record?

This post has been edited by soul2soul: Nov 29 2011, 11:37 AM

Malaysia reits a safe play

Malaysia reits: The Sun daily

Hi
Thanks sharing. May I know in general, Malaysian REIT fund managers are paid based on the size of the portfolio that they manage? or based on how well they actually manage & bring the earnings/rental income to the unit holders? thanks

Amfirst now is proposing.


Based on NAV.
Aka in % wise.

I only got 1 lot, but TWRREIT is making me giddy!