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 M Reits Version 6, Malaysia Real Estate Investment Trust

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felixmask
post Oct 14 2014, 10:05 AM

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QUOTE(pisces88 @ Oct 14 2014, 09:44 AM)
yea, nt occupied so long already.. any news of new tenant ?  sweat.gif
but their tower not occupied.. still want to average down? seems like dangerous move.. what u think?
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i have no insider news. If you drop by Pavillion, drop by asking the guard there.

felixmask
post Oct 14 2014, 10:21 AM

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QUOTE(pisces88 @ Oct 14 2014, 10:19 AM)
Trust the guard and buy based on his news?  hmm.gif
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sure not lah..they doesnt know anyting.
But you can ask got tenant or not biggrin.gif


Else another solution - go at night - see got light on or not.

No light mean no tenant.






felixmask
post Oct 24 2014, 02:13 PM

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Hong Leong - Mreit outlook & cmmt

This post has been edited by felixmask: Oct 24 2014, 02:23 PM


Attached File(s)
Attached File  MREIT_HLRESEARCH_20141024.pdf ( 394.41k ) Number of downloads: 50
Attached File  CMMT_REIT_CIMB_20141023.pdf ( 507.67k ) Number of downloads: 21
Attached File  CMMT_REIT_HONGLEONG_20141023.pdf ( 417.71k ) Number of downloads: 13
Attached File  CMMT_REIT_KENANGA_20141023.pdf ( 267.74k ) Number of downloads: 9
Attached File  CMMT_REIT_RHB_20141023.pdf ( 370.57k ) Number of downloads: 9
felixmask
post Oct 30 2014, 07:19 AM

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QUOTE(CP88 @ Oct 30 2014, 06:42 AM)
Thanks for the sharing. Why Quill instead of others?  icon_rolleyes.gif
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take over by MRCB- potential inject their exisiting asset into REITS.

example NU sentral, and etc Office building KL sentral.
felixmask
post Oct 30 2014, 07:36 AM

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QUOTE(CP88 @ Oct 30 2014, 07:22 AM)
Isn't the price at all time high to buy?  rclxub.gif
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Wait and see the potential asseit injection. It will tell truth value and yield

MRCB hold the majority- definetly they would like to see steady income to their portfolio.

Property which still under MRCB capability to inject Reits

1) Menara Shell
2) Nu Sentral
3) Q Sentral
4) Nu Tower 1 & 2
5) planning Penang Sentral( butterworth jetty)

Not mistaken i heard rumor AM Group is planning to locate their Insurance Arm to locate at KL sentral( of of office tower belong to MRCB)

it matter time MRCB will inject when their property hv reach above 90% occupancy.

Someting like plantinum sentral
» Click to show Spoiler - click again to hide... «




This post has been edited by felixmask: Oct 30 2014, 07:51 AM
felixmask
post Oct 30 2014, 12:36 PM

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QUOTE(wodenus @ Oct 30 2014, 12:29 PM)
AM Group won't use their own buildings? They have a REIT smile.gif
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Is insurance arms. Am insurance which office at old kurnia HQ-(sunway address)

since AM Insurance so big merging with METLIFE- they need A class and KL address.

somemore AM reits A class office. already occupy by their banking.





This post has been edited by felixmask: Oct 30 2014, 12:37 PM
felixmask
post Oct 30 2014, 01:20 PM

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QUOTE(adele123 @ Oct 30 2014, 12:40 PM)
Actually kurnia office is AmG (GENERAL insurance business). Nothing to do with Met Life.

AmMetLife HQ (life insurance business) is at Jalan Lumut. KL Address.
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then must me AmG

im only customer- they said..i listen..then i post loh here.

what u expecting...

This post has been edited by felixmask: Oct 30 2014, 01:22 PM
felixmask
post Oct 30 2014, 01:21 PM

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QUOTE(Pink Spider @ Oct 30 2014, 12:39 PM)
felix is rumour magnet biggrin.gif

good to have this black little kitty around rclxms.gif
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blush.gif ..banyak sorry miow miow

kucing liar......go everywher listen and see.

This post has been edited by felixmask: Oct 30 2014, 01:25 PM
felixmask
post Oct 30 2014, 02:23 PM

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QUOTE(adele123 @ Oct 30 2014, 01:51 PM)
nothing to expect, just clarifying only, not doubting your info.

my source don't know where they are moving... so... too bad can't add more info on what you reported.
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Mine insider news ..said KL sentral..


dont thrust mine....TOP management can change their mind.
felixmask
post Oct 31 2014, 08:47 AM

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QUOTE(wodenus @ Oct 31 2014, 06:33 AM)
NAV is fair value right? that's the price it should be. Think of any mutual fund, if the NAV is 1.60 are you going to pay 1.95 for it? and why?
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NAV juz benchmark to real estate worth of value of each unit stock.

If the management dont sell the asset - it wont be any realize gain. regards of NAV is bought higher or lower.

Reits is renting the property; only concern of yield.

Like you buy a property - in return of +ve cash flow after minus the loan installment + other expenses.
Even buying more expensive prepery- if the location nice and well demand the landlord can get a premium rental.
Bad luck buy a outskirt cheap property- without tenant to rent out - is a -ve cash flow.

Like own property invesment then you know the perspetive as business is good risk/worth the invest.

NAV juz a premium benchmark;







felixmask
post Oct 31 2014, 08:48 AM

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QUOTE(Pink Spider @ Oct 31 2014, 07:18 AM)
Re-read my post, I'm not gonna repeat with another answer which pleases u
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be patient white cat..PPl learning.
felixmask
post Oct 31 2014, 10:52 AM

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QUOTE(wodenus @ Oct 31 2014, 10:37 AM)
Ok what I don't understand is this -- if a property is valued at say 1 million, are you going to pay 1.5mil for it, even if it's in a good location and the rental is going to be good?
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yes...provided you can rent out with +ve cash flow.


Reits= rental investment; from the monthly expnese deduction gain the +ve flow; as dividend distribute to shareholder.

Let said purchase rm1.5mil
rental can receive rm10k,
bank loan installment rm 7k
other expenses = rm1k
Rental Income = rm2k


is still a +ve cash flow. even pay rm1.5mill


becoz we business objective isnt a capital gain- buy sell a property occur only NAV is will justiable.
We dont buy expensive and sell cheaper NAV; that is loosing money business.

Alwasy tink Reits for the yield. same like property investment for a steady income.
Buy the property , renting out - important the rental can cover the bank loan installment & other expenses.

If looking to flip; definelty NAV is the important criteria.



felixmask
post Oct 31 2014, 10:59 AM

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QUOTE(wodenus @ Oct 31 2014, 10:45 AM)
LOL.. am I right to think a REIT in a good location, with a good profit, trading at (or slightly under) NAV is a good buy? smile.gif or am I just wrong lol? smile.gif
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those MALL reits are trading above NAV. Only office reits/ Industrial reits can can find such NAV.

location wise 2nd reason.alwasy depend occupancy rate & quality tenant. If your location is good didnt meanz get 100% occupancy and quality tenant.

example twrreit. Menara ex-ING, is at Raja Chulan didnt hv 100% occupany. And somemore not easy to find a single tenant to rent 18 floor whole building. even sub different floor also take time.

Arreit- u can heard Silver Bird issue - their business fall accounting scandal cost their business not able to pay the rental.
they hv deffer rental.

Reits risk tandem with MGS 10yr yield. If you luckily bought reits 1year ago you buying near to NAV or below ; you getting a 10-20% gain.




This post has been edited by felixmask: Oct 31 2014, 11:03 AM
felixmask
post Oct 31 2014, 11:10 AM

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QUOTE(wodenus @ Oct 31 2014, 11:09 AM)
So let me see if I understand this, if the location is good, the rental is good, you can buy it at any price? is there such a thing as an overpriced REIT in a good location with a good rental yield?
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yes indeed hv like MALL reits.

refer with wankongyew ; not all reits hv good manager ;good occupancy rate ; good quality tenant;


if you hv all this - then the business is more sound proof therefore mostly they selling above NAV.

there other reit selling near NAV; which didnt hv above point then investor able to bargin

This post has been edited by felixmask: Oct 31 2014, 11:14 AM
felixmask
post Nov 5 2014, 09:19 AM

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QUOTE(Babizz @ Nov 4 2014, 01:35 PM)
For instance, I can see less footfall large malls(think MV) and the situation will deteriorate when new malls like IOI City redirect some shoppers from KL south.. The GST will also strongly hit retail spend..

So many new malls coming up in the next 4 years with regional malls in TRX, Bukit Jalil/OUG (paradigm/pavi), Cheras (Velo/Ikea), Putrajaya(IOI City), Shah Alam(I city), Damansara(Empire n Tropicana Gardens) are just among the many malls not including new city centre options.

It's about time to identify which offices/malls will be affected and which ones will remain strong
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i do agree see footfall to see number customer visiting. when new mall come up.


i also hv second thought the new upcoming new condo surounding OKR;UOG;Bangsar;PJ etc will adjust back the customer to their nearer location mall.


felixmask
post Nov 5 2014, 09:47 AM

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QUOTE(Pink Spider @ Nov 5 2014, 09:23 AM)
MRT works greatly reduced vehicle traffic to the Bkt Bintang area.

And Berjaya Times Square diverted some lala traffic from Sg Wang too tongue.gif

Tower REIT kaboom today...-3% brows.gif
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long way...tower reit will get replacement tenant.

future PUBLIC MUTUAL new office tower; Pavillion Office available office space for rent + is grade A

This post has been edited by felixmask: Nov 5 2014, 09:48 AM
felixmask
post Nov 11 2014, 01:36 PM

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QUOTE(Pink Spider @ Nov 11 2014, 01:25 PM)
What happened to MREITs today?
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which one....? i see mine mall reit normal movement



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This post has been edited by felixmask: Nov 11 2014, 01:37 PM
felixmask
post Nov 11 2014, 01:41 PM

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QUOTE(Pink Spider @ Nov 11 2014, 01:39 PM)
not today only la...2 days, CMMT koyak doh.gif

all my REITs turun
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you put "TODAY"

pinky mabuk 2 day..only wake up realize....

Smoke made u awake
felixmask
post Nov 11 2014, 01:44 PM

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QUOTE(Pink Spider @ Nov 11 2014, 01:42 PM)
u really...attack me today laugh.gif
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tips...buy sunreits.
felixmask
post Nov 13 2014, 12:58 PM

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QUOTE(izwanz @ Nov 12 2014, 08:08 PM)
If I want to buy got people selling or not?
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You buy, depend any ppl willing to let go at your buy price.

You sell, depend any ppl willing to take from your sell price.

Demand & Supply market...there no fix price in stock..but valuation instrinct by investor.

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