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REIT V4, Real Estate Investment Trust
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yok70
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 Sep 4 2013, 05:31 PM
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QUOTE(gark @ Sep 4 2013, 05:21 PM) Govt can print money to pay those yields... can REIT do so?  If over print kena inflation, REIT also suffer as they are traded in the same currency. So MGS : 1 | REIT : 0 Unless the REIT has foreign assets such as Stareit or many S-REITs.  This thought comes from when I think of should buy government bond or corporate bond if their yield are the same.  |
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yok70
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Sep 4 2013, 06:35 PM
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QUOTE(gark @ Sep 4 2013, 05:36 PM) No... never the same.. corporate bond yield higher than government bond. Same theory. However AAA bonds (no default risk) is very close to MGS yield. My concern here is not yield, it's "how safe the bond is, will it default in future". For instance, someone brought up the Malton-LA that expiring 2018 with 6% pa if buy at 1.00. I was thinking it's not bad. Since when expiring, I can choose to change to mother share (if Malton share above 1.00) or let Malton claim it back at 1.00. However, the risk is, what if Malton business failed and default this loan stock.  |
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yok70
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Sep 4 2013, 08:05 PM
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QUOTE(gark @ Sep 4 2013, 06:57 PM) Bond safety is rated by independent auditors. A-AAA = Investment grade (very small chance of default) B-BBB = Non Investment grade (medium chance of default) C-CCC = High chance of default D = Defaulted Now.. your Malton-LA is what grade? For example Malaysia debt rating is rated A-, so the default chance is low. Public bank bonds are rated AA, so it is quite safe. Singapore govt bonds are rated AAA+, so almost 0 chance of default. The higher the ratings the lower the interest rate. Thanks!  Time to dig what rating this Malton-LA received. |
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yok70
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Sep 4 2013, 08:58 PM
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QUOTE(gark @ Sep 4 2013, 08:27 PM) Looking at it's offer of 6% I am guessing corporate bond rating of BBB-BB. I doubt it has been audited by rating agency.... You are right. According to the doc, Malton-LA will not be rated. The Schedule Redemption Point is a concern for me. year / redeem 3 - 10% 4 - 15% 5 - 20% 6 - 25% 7 - 30% So in the above years, Malton will redeem that percentage of the LA from me? That will definitely create odd lots.  This post has been edited by yok70: Sep 4 2013, 09:00 PM Attached File(s)
Malton___RCSLS_Announcement__FINAL_for_release_.pdf ( 348.93k )
Number of downloads: 7 |
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yok70
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Sep 4 2013, 09:11 PM
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QUOTE(gark @ Sep 4 2013, 09:03 PM) Ya they will redeem from you and pay you RM 1 per share according to schedule. Buy in big enough lots so no need to worry about odd lots.  on a BBB grade bond? that really need to think again and again. |
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yok70
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Sep 4 2013, 09:12 PM
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QUOTE(500Kmission @ Sep 4 2013, 09:06 PM) I just realize that zeti is one of the world's top central bank from global finance magazine. She was one of the consideration when IMF looking for new captain. She's very famous for many years. |
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yok70
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Sep 6 2013, 04:41 PM
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QUOTE(davinz18 @ Sep 6 2013, 03:22 PM) It's very2 bad indication  tricky part is, local funds have been buying recently. |
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yok70
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Sep 7 2013, 01:44 AM
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QUOTE(wil-i-am @ Sep 6 2013, 10:57 PM) Govt may abolish 10% withholding tax next year from where did you get this clue? This post has been edited by yok70: Sep 7 2013, 01:45 AM |
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yok70
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Sep 9 2013, 07:30 PM
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QUOTE(ryan18 @ Sep 9 2013, 07:14 PM) pavilion reit dividend received.almost the end of dividend season haha(left klcc early oct) is it? anyway, i have more dividend payment coming. mahsing, panamy, presbhd....and more.  |
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