FINANCIAL PERFORMANCE FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2013

http://www.bursamalaysia.com/market/listed...cements/1438877

IGBreit profit and others look good, but why it's share price still so low?

Alliance upgrades Axis REIT

Alliance Research Sdn Bhd has raised its target price (TP) for Axis Real Estate Investment Trust (Axis REIT) to RM3.77 from RM3.75.

The upgrade came after Axis REIT reported third quarter financials which came in within market forecast

In a note today, Alliance analyst Ian Wan said the higher TP comes with an unchanged "buy" call and earnings forecast for Axis REIT.

"Based on the last closing price of RM3.40, Axis REIT is trading at a yield of 6.1% and 6.3% for FY14 and FY15 respectively. We deem this valuation attractive as we believe Axis REIT’s earnings are rather resilient, given that most of its properties are occupied by multinationals and local listed companies with long-term tenancy agreements.

"Apart from that, we like Axis REIT as one of the prime beneficiaries to the booming Iskandar Malaysia, as the REIT plans to increase its exposure in the region once its promoters’ 125-acre industrial park development, i-Park is completed in 2015," Wan said.

Yesterday, Axis REIT said net profit rose 90% to RM36.67 million in the quarter ended September 30, 2013 (3QFY13) from RM19.31 million a year earlier. Revenue was higher at RM35.31 million compared to RM32.8 million.

blame MGS coupon rate which juz below 100 -200 point lower than IGB reits

Shark can push lower IGBreits price when the yield havent show any improvement better than MGS..which may occur after 31 jan 2014 for then dividend announcment.

Or

SHARK buying spree becoz IGBreits qtr report get the attention.

or

IB research publish good TP and lure temptation to buy more

This post has been edited by felixmask: Oct 22 2013, 04:53 PM

US 10-yr bond falls to 2.5x% now.

bond yield fall..translate reits price go up...becoz investor shift taking risk to reits...rather holding bond.


Attached thumbnail(s)

very2 good like this

Let's see if the Foreign funds will flow back to our Retail REITs in the short term.

bond yield break 2.40..will be reits bullish time....meanz time to wait ...

My calculation 2 month later will break 2.40 %..only scare New FED chairman comeup different direction.

see my forecast correct or not


disclaimer...juz forecast; on my assumption.

This post has been edited by felixmask: Oct 22 2013, 10:40 PM


Attached thumbnail(s)

I bet those who sold bonds massively when tapering talk that time are now holding too much cash with nothing much to do with it (in US and developed countries, interest rate is practically 0). With a hope for stronger USD for delaying tapering, so buy US bond.

We need a "rating agencies favor" budget on Oct 25 to attract FF back into our bond market. Only then can benefit M-REIT.

I wish the stabilize level is 2.00-2.20 by end-2014.

This post has been edited by yok70: Oct 22 2013, 10:43 PM

i dumb my bond fund to Indonesia equity fund...to enjoy 2 month rally...cross finger...see what new Fed chairman to announce next year January .

Indo fund...just follow sifu Gark's call will do.

yes..true...he jump i jump

However much it fall it will not reach the level we seen before, the golden age of reit is over for the next few years....

dont get me wrong;i juz draw line.....i cant control the market....my line/benchmark drop 2.40 will signal reit go up.

is juz forecast...if our new FED chairman next year announce opposite direction my forecast will wrong.

forgive me....

This post has been edited by felixmask: Oct 22 2013, 11:11 PM

What level must Bond fall to ?

no need golden age anymore, just give me steady 5% gain will do. (5% capital gain + 5% div = 10% profit)

I also not greedy.

should be correct.

sorry I don't know much about tis bond yield thing