Wow that's my initial sell target! Altho I sold a slight earlier at RM9.13.

That's about Rm1.30 as for now.

Yea, immediately.

What is the Status showing?

wow you must be the IPO king! And lucky too!

How about existing Kasset shareholders? Any shares in your portfolio? Last I read is the IGBReit share will only be credited to you approximately after a month after it list.

1.37-1.38 tug of war

Still find no door to enter yet

wow heavy selling pressure.

Sell Queue > Buy Queue

I did a very baseless calculation based on today's movement

09:00-10:00AM = RM1.39-1.38
10:00-11:00AM = RM1.37-1.36
11:00-12:00PM = RM1.35-1.34
12:00-15:00PM = RM1.33-1.32
15:00-17.00PM = RM1.31-1.30

Let's wait.

Bosses happy nya~


IGB Reit listing: Picture shows group MD Robert C.M. Tan at the launch. On the right is Tan Sri Dr Lin See Yan. Also present was CEO Anthony Barragry.

RHB Research: IGB REIT fair value RM1.43

KUALA LUMPUR: RHB Research Institute has initiated coverage on IGB REIT, which will be listed on Friday, with an Outperform call and a DDM-based fair value of RM1.43, based on a cost of equity assumption of 7%. The offer price is RM1.25.

It said IGB REIT, with its two assets Mid Valley Megamall (worth RM3.44bn) and The Gardens Mall (RM1.16bn) will be the largest pure retail REIT thus far, ahead of Pavilion REIT and Sunway REIT. “We believe that The Gardens Mall (TGM) will be the REIT's future growth driver. TGM currently contributes about 30% to IGB REIT's topline. TGM is a high-end mall and in the early stages of its rental cycle as compared to the more matured Mid Valley Megamall (MVM),” it said. RHB Research said other factors that could potentially drive IGB REIT's growth going forward include: 1) Strength of the management team; 2) Proactive asset enhancement initiatives; 3) Potential development of the surrounding areas; and 4) Resilient consumer spending. “We forecast an EPU growth of about 6%-7% per annum for IGB REIT, on the back of our rental growth assumption of 5%-6% per annum for MVM and 7%-9% per annum for TGM,” it said

Aww man, I gotten your stock

Congratz to you, 12% profit.

Now time to dig more money for second batch

Queue 1.32, showdow also no have

Support at 1.35, it reached there twice & rebound beautifully, I was hoping miracle happen that it come back again for third time but tarak.

I kiasu la.

What about you?

The DPU is before 10% tax or after?

@kb2005
Between 1.35-1.40 lo.

But today is a tiring day.
Hate watching at the buy & sell price war. Super 伤神 >__<

Do watchout existing Kasset shareholders may take profits & more disposal coming when they got their IGB shares.

Do reserve some bullets.

首日上市開紅盤‧怡保花園產托溢價14仙
大馬
2012-09-21 17:43

http://biz.sinchew-i.com/node/65408?tid=6


怡保花園產托董事經理陳俊明（左4）為上市儀式鳴鑼。見證者包括安東尼（右4）、國家銀行前副總裁丹斯里林西彥博士（右2）、管理層及其他董事。（圖：星洲日報）


（吉隆坡21日訊）怡保花園產托（IGBREIT，5227，主板產業投資信托組）首日上市開盤溢價12仙或9.6%，至1令吉37仙，首宗成交量即刷下高達1千920萬3千800股。

該股每股發售價定於1令吉25仙，今日以1令吉37仙粉墨登場，股價一度上漲15仙或12%至1令吉40仙，過後收窄漲幅，閉市掛1令吉39仙，溢價11.20%或14仙，全日共2億3千616萬1千股易手，為全場最大熱門股。

公司首席執行員安東尼在上市儀式後表示，對股價表現滿意，承諾將秉持現有管理政策，引進更多資產擴大產托組合，增加回酬率。

“公司具有優先權接管母公司怡保花園在未來建設的零售及綜合產業，同時也會在大馬尋求收購機會，尤其是一些具升值空間的產業。＂
他補充，怡保花園的新山SOUTHKEY零售購物中心計劃已在進行，目前正等待新山市政府批示，預計明年開始動工，3年後竣工尚須一段時間發展，待時機成熟方納入產托組合。

該計劃佔地55英畝，預計發展總值介於60億至80億令吉之間。

至於海外收購，他表示將由母公司進行，現階段公司將專注推動內部成長，增加其下產業可租用空間和提昇設施。

目前該公司負債率為25.8%，旗下兩項零售產業可出租面積總合250萬平方呎，有650個租戶，每年調整租金，谷中城（Mid Valley Megamall）調整率為5%至8%，園中城（The Gardens Mall）為15%。

（星洲日報／財經）

IGB REIT gains 11.2% over IPO price on maiden day

Written by Mohd Kamarul Azhar of theedgemalaysia.com               

Friday, 21 September 2012 17:22        
http://www.theedgemalaysia.com/business-ne...maiden-day.html

PETALING JAYA (Sept 21): IGB Real Estate Investment Trust (IGB REIT), listed on Bursa Malaysia Friday morning, posted strong gains in active trade due to optimism over its property rental income and outlook.

At market close Friday, the most actively-traded counter rallied to RM1.39 per unit registering a premium of 14 sen or 11.2% over its retail initial public offering (IPO) price of RM1.25, on volume of 236.16 million shares. In intra-day trades, it hit a high of RM1.41.

The counter opened at RM1.37 on volume of 19.2 million on Bursa Malaysia at 9am.

The closing price surpassed the fair value of RM1.37 estimated by OSK, but lower than RHB Research's RM1.43.

IGB REIT is a real estate investment trust, which manages two megamalls: The MidValley Megamall and The Gardens. Both assets offer a combined net lettable area of 2.5 million sq ft, serving about six million people residing in Klang Valley.

At its listing debut ceremony on Bursa Malaysia, IGB REIT Management Sdn Bhd CEO Antony Barragry said: "It is very heartening to see the (price) movements upward, and we are proudly confident that we will build the sustainable pricing for the IGB REIT units."

IGB REIT has raised RM837.5 million from the IPO, which is the third largest IPO in Malaysia this year, after the IPOs of Felda Global Venture Holdings Bhd and IHH Healthcare Holdings Bhd.

With an asset base of RM4.6 billion, IGB REIT has surpassed Pavilion REIT as the largest pure retail REIT listed on the Kuala Lumpur market.

Barragry said another additional asset the coming is the Southkey Megamall project, which will be developed by IGB REIT sponsor IGB CORPORATION BHD in Johor Bahru.

The project, which is a joint venture with a Johor state-link entity, is still on the planning stage and waiting for approval from the Johor Bahru City Council, according to Barragry.

"The development is currently at the planning stage, and we are still waiting for approval from the local council in Johor Bahru. IGB as the sponsor for IGB REIT is confident that the project will take off by the end of the first half of next year," said Barragry at the ceremony.

He said as the sponsor of IGB REIT, IGB has granted a right of first refusal for IGB REIT to acquire its future retail PROPERTIES and mixed use development with retail component. "This right of first refusal will provide IGB REIT a platform to leverage on to further propel its growth in the foreseeable future," he added.

According to OSK Research, IGB REIT offers investors with a defensive, dividend yield play because the retail business is expected to stay buoyant, compared with the more pressured office building sector due to supply from the upcoming projects such as the Tun Razak Exchange, Warisan Merdeka and KL Metropolis.

In terms of revenue, the management has projected a 5.0% increase per annum in rent for its megamalls. For base rent, tenancies are to be renewed at a 5.0% increase for Mid Valley Megamall and 15.0% for The Gardens. Occupancy rates are expected to remain at more than 99%, OSK Research said.

According to RHB Research, The Gardens will be driving the growth of IGB REIT's earnings per unit and dividend per unit in the coming years, given that it is a high end mall and it is still in the early stages of its rental cycle compared to the more mature MidValley Megamall.

"About 54% of The Garden's net lettable area is due to expire next year, and we expect a 10% to 15% growth from here… Renewal rates have been at a healthy level of about 89% for The Gardens during 2010 to 2011, and this trend is expected to continue," RHB noted.

IGB REIT opens 10pc higher on debut
Published: 2012/09/21

Shares in Malaysia’s biggest retail property trust IGB Real Estate Investment Trust rose 10 percent on their trading debut on Friday, the latest Malaysian firm to list in a buoyant local market.

IGB REIT raised US$260 million, making it the country’s fourth-largest flotation this year, behind palm oil firm Felda Global Ventures Holdings in June, IHH Healthcare in July, and pay-TV company Astro Malaysia Holdings which is due to list in October.

The property trust, which owns two shopping malls in the capital Kuala Lumpur, opened at RM1.37 (US$0.45) per share, and by 0116 GMT it had risen to RM1.38, 10.4 percent above its IPO price. Analysts had largely expected the move, despite tottering global equity markets and pulled listings.

“I think there’s still room for growth for IGB REIT as one of their malls - the Gardens Mall - is still relatively young,” said Alia Arwina Izyani Azani, equity analyst with Kuala Lumpur-based RHB Research.

The institutional tranche of the offer was around 30 times oversubscribed, a source told Reuters in early September, underscoring the growing interest in Malaysian deals and the emergence of Southeast Asian capital markets.

Malaysia, whose equity market is dominated by local investors and large domestic pension funds, has defied a gloomy global trend that has seen several firms ditch planned IPOs due to a lack of investor interest.

Equity issuance in Malaysia year-to-date stands at about US$7.9 billion, compared with $3.9 billion last year, and Malaysian IPOs have risen 17 percent year-to-date on average, according to Thomson Reuters publication IFR.

IGB REIT was likely to yield 5.1 percent to 5.2 percent a year, IFR said.

IGB REIT, a unit of Malaysian property firm IGB Corp Bhd hired CIMB Investment Bank and Hong Leong Investment Bank as principal advisers and joint managing underwriters for the listing. CIMB, Credit Suisse and Hong Leong were the joint global coordinators.-- REUTERS


Read more: IGB REIT opens 10pc higher on debut http://www.btimes.com.my/Current_News/BTIM...l#ixzz276XPjOGU

Southkey to be injected into IGB REIT
Published: 2012/09/21

The proposed Mid Valley City-type mixed development in Johor Baharu, Southkey Megamall, is expected to be the first sponsored asset injected into newly public listed IGB Real Estate Investment Trust (IGB REIT).

The project, a joint venture between IGB REIT's sponsor IGB Corporation Bhd and Selia Pantai Sdn Bhd, is expected to take four to five years, with a tentative gross development value of RM6 billion to RM8 billion.

"The sponsor (IGB Corp) have yet to receive approvals from the local authorities in Johor Baharu, but they have been very supportive of the project.

"If everything goes as planned, work on the new mall should start in the first half of next year," IGB REIT Chief Executive Officer Antony P. Barragry told reporters after the listing ceremony at the Exchange here today.
He added after the Southkey Megamall is completed, IGB Corp will operate the business for some time before passing it to IGB REIT.

"The project will be greater than Midvalley City as the potential brought through the rapid development of Iskandar Malaysia is enormous," Barragry said.

IGB REIT today debuted on the Main Market of Bursa Malaysia with some 1.92 million shares traded at an opening price of RM1.37, a premium of 12 sen over its retail price of RM1.25.

At RM1.25, the market capitalisation of IGB REIT is expected to touch RM4.25 billion.

Barragry said the listing of IGB REIT will provide investors exposure to a highly attractive initial portfolio comprising two connected super-regional malls, MidValley Megamall and the Gardens Mall located in the Greater Kuala Lumpur region.

He added the two properties have over 2.5 million sq ft (232,258 sq m) of net lettable area with over 650 tenants, and are almost fully occupied.

"We are committed to enhancing unitholders' return and value through the organic growth of our existing portfolio as well as potential acquisition of additional suitable retail properties.

"I would also like to highlight that IGB Corp, being the sponsor of the REIT, has granted a right of first refusal for IGB REIT to acquire its future retail properties and mixed-use developments with a retail component.

"This right of first refusal will provide IGB REIT a platform to leverage on to further propel its growth in the forseeable future," Barragry said. -- Bernama


Read more: Southkey to be injected into IGB REIT http://www.btimes.com.my/Current ... _html#ixzz276Xftumg

Good price! Average 1.38 yit sang fatt!

Wow +15% now from IPO.

Does it mean existing Kasset shareholders can sell their IGBREIT after 4pm on 5/10/12?