Malaysia’s Biggest Fund Buying Stocks as Foreigners Sell

By Elffie Chew - Sep 13, 2013 5:20 PM GMT+0800.

Malaysia’s largest pension fund said it was a net buyer of the nation’s stocks during recent declines as foreign investors cut their holdings.

The Employees Provident Fund, which manages more than $170 billion of assets, bought good quality and fundamentally sound shares, Mohamad Nasir Ab. Latif, deputy chief executive officer of the fund, said in an e-mail interview yesterday. The FTSE Bursa Malaysia KLCI Index fell 6.8 percent from its July 24 record through Aug. 28 before rebounding 5 percent. The gauge slid 0.1 percent at the 5 p.m. close in Kuala Lumpur.

“Being the biggest investor in Malaysia, we view any market extremes as opportunity for us to rebalance our portfolio for continuous return and risk diversification,” Kuala Lumpur-based Mohamad Nasir said. “We believe Malaysia is in a stronger footing forward and we expect investors’ interest to come back to this region, especially the emerging countries.”
http://www.bloomberg.com/news/2013-09-12/m...gners-sell.html

Ya...i think it wil be

Initial plan is to hold mid term
Since price went up 9 cents within 1 mth, sell to realize $

U can read my mind ya.....

Ben likes to give surprises !!! Good for REITs since bond falters

I rather NOT want foreign hot money to come to Malaysia.... they will leave later on....

sreit drop also faster, up also faster. fair enough. 

Can't compare to AXREIT. Up 9 cents. Looks like some big fund wants to come back into Malaysian REITs.

Yesterday treasury yields went up back after dropping .. apparently market still think possible taper will come.

Bernake DID mention that if he decide to taper he not necessary have to announce via press conference and/or FOMC meeting..

So now market worries about ' stealth taper' hahahahaa

Axreit was d biggest loser today
Any1 know y?

Can U just give me 2 such stocks so I can take a look ? Thanks in advance.

Well it depends on how much do you think the MGS can rise in the future, historically over the last 20 years average is 4.5=5.0%, now is  3.98%. I see 5% is the max in the future, means Class 1 Retail REIT yield need to be 100-150 bps above mgs, so that works out the be 6%-6.5%. Lower class REIT will tend to require higher 200-300 bps above MGS.

Budget 2014 any benefit on reits?

Challenging time ahead with no all plain sailing for REITs
http://www.starproperty.my/index.php/artic...ling-for-reits/

1)Reits yield move TANDEAM MGS yield.

2)Alwasy check the NAV reits, premium reits alwasy sell above NAV.

Next emerging market sell-off may be time to pounce

Others agree: "Tapering might cause a 10 percent to 15 percent down move in some emerging markets," private banking group Julius Baer said in a note.

But some are preparing to pounce on the decline. "It would be a great opportunity to buy places like Indonesia, Thailand and the Philippines on (finally) cheap prices," added Julius Baer, which has around 341 billion Swiss francs ($384 billion) under management.
http://www.cnbc.com/id/101263355

And now we compare to 1 year ago, on 'exuberance', when people are predicting REIT is sure guaranteed way to passive income, property price is infallible, price can only go up.. etc etc.

See the difference?> 

How perception can change so fast.. 

But no.. we are not at capitulation stage yet, but are getting there, so there might be more selldown down the line.. 

I think you did not understand on what i wrote.. please re-read again. 

Bad news for retail REIT

M'sia retail sector hit by slow sales, consumers cautious with money
http://www.thestar.com.my/Business/Busines...n-spending.aspx