There is no near term acquisition plan for IGBReit. The only one in the pipeline for now is the Johor's Megamall which estimated to be completed in 3-5 years time.
However, since its gearing is consider low, it definitely has room for acquisition.
Looking at its organic growth on current assets, rental rate for Midvalley(avg $10.21/psf) and Garden(avg $8.7/psf) are both quite low as compare to Pavilion($17) and KLCC($22.5). Consider if Midvalley City surrounding projects(Bangsar South, SpSetia Eco-city and MRT station) works out fine in future 5-10 years, this area could turns up to be another "mini KL". The rental gap between here and KL central will be lower.
Anyway, its short term catalyst seems not as gorgeous as some other REITs that have clear acquisition plan in the pipeline for near future. Also, its current assets have no diversification at all. If Midvalley kena boom, both assets kena and we kena.
Just some thoughts.
I bought at 1.39, 1.38, 1.35, 1.32.
Now queuing to buy more at 1.30, 1.28.
For long term of course. No sell button unless necessarily. Expect 200% gain in 5 years.

I could be over optimistic on my expectation. Too many wet dreams. Maybe I should start eating more vege and less meat.

I think one of the main reason KLCC can be that expensive is because it is located as a transportation(LRT) and office buildings central. If Midvalley surroundings developments(MRT+Office buildings) go well as plan, that place can also potentially getting the advantage similar to KLCC area. Besides, Midvalley is located in the middle of PJ and KL in addition to large amount of residential area (old klang road etc.)
When compare our properties/rental price with nearby Singapore, we are damn cheap. And I think that gap will also narrow in coming years even for the most expensive KLCC area.
And I agree with you that Midvalley cannot compare directly to KLCC because of its "mid calss" vs "high class" status difference. Currently, Pavilion's rental is at 25% discount to KLCC. I'm expecting the discount to narrow to 35% for Midvalley in 5 years time as currently it's at over 50% discount. And I also expect Pavilion's discount to narrow to 15-20% 5 years later since the "mental link" between it and KLCC has obviously narrow down in recent years. Some of my rich friends who used to shop in KLCC now love to shop in Pavilion. And optimistically, I'm expecting Garden to play catch up too in near future.
The very first thing Midvalley/Garden need to improve is the traffic jam on weekends! This cannot stop Midvalley-type shoppers, but definitely is stopping Garden-style shoppers.

I am low risk player. Unless REITs yield at above 8% and it has great management + great assets, otherwise I won't take loan to invest even if the interest rate is below half of it.

Is there any other "event" that could trigger more selling down beside the recent private placement sell down and the previous kassets owners sell down? Just wish to know and set appropriate strategy. Thanks!!

Small fishes who dunno how to read own too little shares. How to press price down? Big sharks won't misread, so no cheap sales tomorrow gua.
btw, my 1.33 batch hit already. But 1.32 batch still not yet. Can come tomorrow also good good.

This post has been edited by yok70: Nov 28 2012, 03:05 AM

short term down, long term up. I play this one long term.

The current dumping should be mainly due to Kassets holders taking profit. Remember at current price, they may already earn profit of more than 50% or so.
For those who treat it as fixed income purpose, I think you can sleep well for the next 3-5 years. Unless got bomb or on fire to Midvalley etc. Just look at the crowd today, that tells the realistic story.

This post has been edited by yok70: Nov 28 2012, 10:38 AM

Investors has many reasons for buying and selling. To sell when company turns bad is just one of the 100 reasons, and so does the buying. Welcome to stock market.

LOL!

your 1 lot is 100 or 1000 shares?
how many lot you hold on igbreit?

for around $45k, if you prefer to diversify the risk, i think it's fine to split into maybe 3 different reits.
some good reits of retail malls for consideration are igbreit, pavreit, cmmt, sunreit(major income from mall, but got other properties too).
good reit for warehouse and office can look look axreit.
the one and only hotel reit is stareit.
the one and only hospital reit is Alaqar.

i think all of the above have good management.
just my thought. please do research on yourself before buying.
good luck and let us all make money together.

REIT's profit is predictable as mentioned many times by Cherroy. So there is no "eat rice or congee" mood for REIT. REIT just pay you rental, which is highly predictable at least for upcoming 1 year.

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Added on January 4, 2013, 3:03 am4.7%(6.38 sen at 1.35) yield in 5 months (sept-feb) ? That's a 11.28% p.a. yield! Is that possible?! I'll sai lang all money on my current reit to IGBReit if this is true since that will be one of the HIGHEST YIELD REIT in the world today with VERY HIGH QUALITY asset.

This post has been edited by yok70: Jan 4 2013, 03:06 AM

fish 1.30 to 1.34.

today touched 1.34 already.
not buying yet. waiting 1.30-1.33.

below 1.30 even better.

maybe on wed?
what a shame, the hottest shopping mall in Malaysia goes before ipo price.

This post has been edited by yok70: Jul 24 2013, 04:35 AM

cimb so bullish.


Attached File(s)
 igbreit_cimb_310713.pdf ( 530.44k ) Number of downloads: 85

don't really know what to do with my reits.
i've been cutting down from 57% of my portfolio to 52% now, at the same time switching the weight from lower yield reits to higher yield reits.


This post has been edited by yok70: Aug 6 2013, 12:16 AM

yes, it's too high now. I didn't aware economy recover so fast this year.
move too slow, so it's now too low price to sell some off. waiting for dividend rally opportunity to sell but it seems not so effective this time.
sold all my alaqar, part of pavreit, most of axreit.
added a bit more hektar and klcc.
i wish can trim down to 25-30%.


This post has been edited by yok70: Aug 6 2013, 12:50 AM

I have different view on klcc. As every IB treats it as a REIT, I don't see that. I see it as a property stock with above average yield for partial assets unlocked. It has the muscles to grow aggressive (higher loan ceiling), and at the same time steady income from property investment on its own development assets. I like that. That's why I also like Mahsing and Hunza for this approach. Therefore, I valuate klcc on its RNAV, which should be around 15b vs current market cap of 12b, that's a 20% discount for having best quality prime assets in Malaysia.

Well, judge your own.