what is the trading hours? got live website?

are you buying?

thanks for the info.
looks like they are under pressure to raise fund.

just 10% more to drop and you are at it.

so what did they say that time?
did the sunway reit manager ask attendance to sell their share for good?

thanks!

never fall in love with your stock....forgot who said one.

if not privatize news, the share price may be at 1.60 now. You prefer this?

lucky you!

fed may not raise interest rate for some years ahead as many expecting. but as sifus here said, bond yield also highly affect reits performance since they all are at debt position instead of net cash company + they need to raise more debt in order to grow by acquisition of new assets.

I can feel your pain. My reits also kena gaw gaw.

I still have 30% on REITs. Luckily some of my other stocks performed very well lately, so the overall profile still looking ok on paper profit. My overall reits profile is at 10% paper loss with average net yield of close to 5.5% (only).

if they drops another 10-15%, average net yield may reach 6-6.5%, then it's more likely at bottoming.

i bet you are still at high cash position, and at early stage of accumulating reits. Must be very happy to see its yield getting higher and higher.

This post has been edited by yok70: Dec 11 2013, 10:34 PM

Asset Allocation, WB likes to talk a lot on it.

At today's price, some reits now require below 10% drop to reach net yield of 6%. Panic everywhere, SReit also drops back to the lowest this year, the same "measurement" of the fear on tapering. I feel bottoming sentiment now, probably bottom at another 5-10% drop, just like what we talked about 2 months ago that a safe zone would be net yield of 6-7% on reits with prime assets (while those with non-prime assets take another 10% discount from there).

I remember WB's reason to heavily invested in IBM is because of the great skill of asset allocation by IBM's management. WB is a strong believer of this skill.

IBM switching from heavily hardware dependent businesses into software/operational business model is a brave re-allocation practice. When that time IBM sold their hardware assets to Lenovo, everyone scratched heads how they continue to make money.

Exactly. That's a very flexible business model and much more defensive as comparing to hardware businesses.

market must be very bullish now, probably even peak. people now talk capital gain like a piece of cake only.

nestle please drop to $50.
i've been accumulating panamy in recent weeks.

This post has been edited by yok70: Dec 12 2013, 03:04 PM

The US Federal Reserve officials are renewing a debate over cutting interest paid to banks on excess reserves, a move
aimed at convincing investors that tapering its quantitative easing (QE) is not the same as tightening of monetary
policy. The Fed in 2008 gained the authority to pay interest on banks’ excess reserves (IOER) as a way to regulate the
supply of credit to the economy. By raising the rate, the Fed could encourage banks to keep excess funds parked at
the central bank. Lowering it would urge them to lend to customers. Some argued that reducing IOER would
encourage banks to lend out more of the money they now keep at the Fed. That would spur growth and employment
as companies use cheap money to hire and invest. The Fed, however, disagreed, concluding that such a move would
not provide a powerful boost to the economy. “The benefits of such a step were generally seen as likely to be small
except possibly as a signal of policy intentions”, according to minutes of the FOMC’s October meeting. Banks’ excess
reserves at the Fed have ballooned significantly following the Fed’s QE and the amount stood at about USD2.4 trn as
of 27 November, up from USD1.5 trn at end-2012.
The Fed has been thinking of how to start QE tapering without pushing up borrowing costs simultaneously. The Fed’s
talk of QE tapering sent 10-year Treasury yields more than a percentage point higher from May to September. Cutting
See important disclosures at the end of this report 2
GLOBAL
12 December 2013
IOER could be used as a signal that policy will remain easy, according to minutes of the October Federal Open Market
Committee (FOMC) meeting. “Most participants thought that a reduction of the interest rate paid on excess reserves
could be worth considering at some stage”, the minutes of the FOMC showed.
The debate over cutting IOER was revived as the Fed successfully tests a new policy involving so-called reverse
repurchase transactions that would give it greater control over short-term borrowing costs. That may ease concern
that cutting the interest rate on excess reserves could wreak havoc by pushing rates to zero or lower in money
markets.
The new tool, called the fixed-rate, full-allotment overnight reverse repurchase facility, is intended to put a floor under
short-term money-market rates, which could prevent them from falling below zero if the Fed were to cut IOER. It
allows banks, broker-dealers, money-market funds and some government-sponsored enterprises to lend the Fed
unlimited amounts of cash overnight at a fixed rate in exchange for borrowing Treasuries in reverse repo transactions.
In a reverse repo, the Fed lends securities for a set period, temporarily draining cash from the banking system. At
maturity, the securities are returned to the Fed, and the cash to its counterparties. The Fed’s tests since September
have been going well. The repo tool has helped lift the rate for borrowing and lending Treasuries for one day to an
average of 0.066% as of 10 December, from 0.051% the day the programme was announced on 20 September. The
new tool could act as a transition for the Fed to remain engaged and alter its policy mix by gradually reducing its bond
buying while strengthening its forward guidance on keeping short-term interest rates low.
Janet Yellen, the candidate to succeed Ben S. Bernanke as Fed chairman, during her confirmation hearing left open
the possibility that the central bank could reduce IOER. “It is something we could consider going forward”, Yellen told
the Senate Banking Committee on 14 November.

Agree。

Even now, nobody can predict what would happen when Fed started to taper QE. In fact, that would clear the uncertainty and market might even rally further. Speaking of interest rate, Fed keeps telling people they won't raise interest rate unless economy stabilized, but nobody want to listen. They just continue to sell bonds like no tomorrow since May until today. If what Fed said really happening (taper QE without raising interest rate), these sellers may jump back to buy bonds. Who knows.

Even so Fed until today still not yet hint when they would start taper QE actually!