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 NEW SUKUK : DANAINFRA NASIONAL, >>> worth to buy?

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felixmask
post Nov 29 2013, 10:15 AM

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QUOTE(foofoosasa @ Nov 29 2013, 10:08 AM)
Wise to buy some?
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aim above 6% - 8 % yeild to hv be save line.

5% i also consider little.

This post has been edited by felixmask: Nov 29 2013, 10:16 AM
felixmask
post Nov 29 2013, 10:20 AM

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QUOTE(gark @ Nov 29 2013, 10:17 AM)
If you think 5% is little.. why do you buy in the first place?  shakehead.gif
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after learn my mistake realize the MSG can increase above 4% , making wise above 6% is save line for bond.

felixmask
post Nov 29 2013, 10:24 AM

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QUOTE(foofoosasa @ Nov 29 2013, 10:21 AM)
hmm.gif  I think the yield is not really bad as bond investment. But considered inflation nowadays easily reach more than 6% per annual  ,  hmm.gif
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if not so desperate..then wait for 3trance sukuk..then possible above 4.58%..maybe 5.1%...

it matter of time.
felixmask
post Nov 29 2013, 10:57 AM

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QUOTE(gark @ Nov 29 2013, 10:43 AM)
So.... are you gonna cut loss or keep in freezer for 15 years?  hmm.gif
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keep freezer currently...waiting the BOND hot enough i will sell with profit ; use it to buy reits.

This post has been edited by felixmask: Nov 29 2013, 10:58 AM
felixmask
post Nov 29 2013, 11:35 AM

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QUOTE(gark @ Nov 29 2013, 11:03 AM)
Only way the bond can be hot IF MGS yield comes down. but then again if it does comes down REIT will even more hotter as well.  wink.gif They both move in tandem.
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there staple reits or other divident stock..like Tiger Bank also drop.

juz suggestion in reits the price still not HOT move; like what u said it move tandem.
felixmask
post Feb 24 2014, 10:54 AM

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http://www.thestar.com.my/Business/Busines...ukuk-this-year/

DanaInfra may issue two listed sukuk this year

KUALA LUMPUR: DanaInfra Nasional Bhd, created by the Finance Ministry to raise funds for the country’s largest infrastructure project, may issue and list on the stock exchange this year as many as two Islamic bonds worth RM100mil each, according to a Bursa Malaysia official.

“We are in engagement with them, and definitely we will see at least one or two issuances this year,” Jamaluddin Nor Mohamad, head of Islamic and alternative markets at Bursa Malaysia, said in an interview.

The expected issuance was necessary to promote Bursa Malaysia as a market for retail sukuk, he said. DanaInfra is so far the only institution to have issued sukuk on the bourse’s Exchange Traded Bonds and Sukuk (ETBS) platform.

DanaInfra raised RM300mil with a 10-year sukuk in January 2013 and RM100mil with a 15-year sukuk in October.

The issues targeted retail and corporate investors with limited access to the over-the-counter (OTC) market in bonds, where investments must be done in large minimum sums. Proceeds of DanaInfra’s issues go towards extending the Mass Rapid Transit network to cover the Klang Valley and Kuala Lumpur conurbation.

DanaInfra’s sukuk issues this year would serve to correct a ”negative perception” that ETBS bonds were more costly than raising funds on the OTC bond market and equity market, Jamaluddin said. DanaInfra’s debut sukuk, the first on ETBS and an entirely new type of product, had to be priced at a premium to attract investors

“It was a one-time decision by the issuer for the inaugural issue. The message we are sending out is that premium pricing is not the only way out, or you don’t have to go down that road,” he said.

DanaInfra’s second sukuk, priced based on OTC rates, was oversubscribed 2.19 times. Bursa Malaysia is now courting several financial institutions and government-related agencies to be issuers on ETBS.

“We continue to engage corporates on a direct basis, and explain all these intricacies and also put forward the incentives that have been put in place by the Government,” he added.

Issuers enjoy a double deduction on expenses and are exempted from stamp duty until 2015. “What we want to achieve here might not be reflected in monetary benefit on an immediate basis – this is a long-term commitment,” Jamaluddin said.

DanaInfra, in an e-mailed statement to Reuters, said the major challenges had been educating retail investors about the general structure of sukuk, and the net benefit of investing in DanaInfra relative to other products. – Reuters

felixmask
post Oct 3 2014, 02:23 PM

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rclxms.gif how come this DIN042300721 above the IPO compare their peer rclxms.gif

tongue.gif


felixmask
post Oct 3 2014, 05:45 PM

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QUOTE(wil-i-am @ Oct 3 2014, 05:44 PM)
3 transaction done via Mid (type)
U know wat is Mid?
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Where you see? MID

i dont know hmm.gif

This post has been edited by felixmask: Oct 3 2014, 05:46 PM

 

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