Interesting. Are you accusing Amfirst's managers of this? On what basis?

He is talking about ARREIT right?

somebody just confusing everyone here.........
AMFIRST and ARREIT used to be my old picked.
AMFIRST now is over price and ARREIT still can consider.
But overall, this is just my own opinion. Dont take it personal

Anyone here holding Hektar REIT?


http://biz.thestar.com.my/news/story.asp?f...94&sec=business

And from Business Times:



This post has been edited by Desvaro: Nov 21 2012, 10:07 AM

Thanks. When are Hektar's new acquisitions going to contribute to the bottom line?

Considering that the acquisitions were done on Oct 2, shouldn't it start to contribute already?

Why is EPF buying and selling SUNREIT within short periods ??

Quarter result does not include 2 Oct 2012. Now only November. They can't be doing accounting so fast, right?

What I meant was that the acquisitions should start to contribute immediately after they are acquired (since the acquisitions are functional and should in theory, start to generate profits).

Hence it should show up in the account period immediately after the acquisition, which as you rightly pointed out does not include q3 (the current report). I didn't mean to imply that it would appear in q3 results.

Short version - Acquisitions should be reflected in q4

Next Qtr will see contribution from the two newly acquisition malls.
Even before that to happen, dividend has already increased. Very good! Remain as the highest retail MReit of yield 7.x% vs peers 5.x%, that's 40% higher. But nobody likes to buy cheap stock, they prefer expensive royal stocks.




Attached File(s)
 Hektar_REIT_3Q12_211112.pdf ( 389.81k ) Number of downloads: 39

How could the CIMB analyst report come up with net gearing ratio of 65.8%?

I think the 50% thing is not the same as net gearing. Normally, reports wrote leverage on REITs while using net gearing for other stocks.
However, Hektar is one of the highest debt reit here. Therefore, this kind of limiting its ability to actively acquire new assets. This is one of the reason why it's trading at lower valuation than peers.

I did not read CIMB research report properly but i do found a problem with that report. That report seems like did not put in the effect of new mall earnings and number of new shares in their 2013 forecast. Unless CIMB has already made adjustment into year 2012 and previous year earnings.

However, i think that there is no worries on the report although the numbers seems to be unreliable. The reason i said no worries is because its rights issue proposal already mentioned that the $ from rights issue will allow the buy to be letting future dividend amount about the same (i.e. dividend yield almost same) and slightly lowering its gearing.

Its valuation is lower than its peer is obvious from its property quality and assets size now. Its property now is unable to compare with Midvalley, Sungei Wang, Pavillion or Sunway Pyramid. Furthermore, large fund may want to consider higher asset size reit for better liquidity.

This post has been edited by H86: Nov 21 2012, 09:04 PM

CMMT slowly going down day by day.

http://www.horizon.my/investor/reits.php

is about malaysia reits.

Cashflow cannot be faked.

If a company fake the cashflow figure, (in other word actual there is little cash in the bank), then the company is not able to give dividend to the shareholders already, as every cent given out (dividend) need cash.
Unless company give dividend through borrowing, which is easily suspected/detected in the financial report already.

The reason, I like reit distributing 90% of the profit made, is that it prevent the profit figure being cooked.
As if cooked the profit, means need to pay higher dividend to shareholders.
So if the profit figure is fake and jacked up, there is no way company has the cash to fund the dividend distribution, as those dividend need to be paid in cash.

A cash given out to shareholders cannot be faked.

Very good point in investing in REITs

All the information on that site is old.

Pavilion REIT Chairman Lim reported to be worth RM3bil

KUALA LUMPUR: Desmond Lim Siew Choon became a billionaire developing a high-end retail mall and an office tower in Kuala Lumpur, wooing Middle Eastern investors and listing the properties as a real estate investment trust.

The 52-year-old chairman of Pavilion Real Estate Investment Trust, Malaysia's second-biggest property trust by market value, is worth at least US$1bil (RM3.06bil), according to the Bloomberg Billionaires Index. Lim and his wife, Tan Kewi Yong, own 38% of the Kuala Lumpur-based trust, whose shares have outpaced other companies that raised at least US$50mil in an initial public offering (IPO) in Malaysia in the past 12 months.

http://biz.thestar.com.my/news/story.asp?f...40&sec=business

WOW

cronies