Tuesday, 11 February 2014 07:54
Foreign funds continue AGGRESSIVE SELLING, dump RM1.1 billion net in M'sian stocks

KUALA LUMPUR - Foreign funds offloaded RM1.1 billion net Malaysian stocks in the open market last week in a continuation of their aggressive mode, said MIDF Research yesterday.

This makes it the 17th out of the last 18 weeks that foreign investors have been the net sellers. It is also the second week this year that the net sale amount exceeded RM1 billion, MIDF Research said in its weekly fund flows report.

Year-to-date, a total of RM4.78 billion have exited Malaysian equity market.

"In the last 18 weeks (the current phase of foreign selldown), a total of RM10.45 billion have exited Malaysian equity. That translates into an average of RM581 million a week, an increase from RM550 million previously," it noted.

Full article: http://www.malaysia-chronicle.com/index.ph...2#ixzz2t4Fes84z
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IGBREIT at 1.22...is only yielding 5.4% net (I annualise the latest declared half-yearly dividend)...overpriced?

maybe because dividend ex date on 15?

Ok...if u wanna think this way...

1.22 less 3.5 sen divvy = 1.18 ex price on 15th Feb

Assuming divvy remain constant going forward, means 3.5 sen net divvy x 2 per year

7.0 sen / 1.18 = 5.9% net divvy

Good for u?

Those who bought Axis at Yee Fatt Fatt must be now

Hmmm.. 
But the stock won't keep going down right? 
Maybe it's visit Malaysia 2014, more revenue  ?

IGBREIT earnings expected to remain stagnant for next 2-3 years; at 5%+ DY, u have some stocks that are still growing like DLADY, MAYBANK etc.

Honestly I won't buy more IGBREIT until I get 6% net yield.

IGBREIT earnings expected to remain stagnant for next 2-3 years; at 5%+ DY, u have some stocks that are still growing like DLADY, MAYBANK etc.

Honestly I won't buy more IGBREIT until I get 6% net yield.

at which price?

Current price 1.21-1.22.

Maybe 1.16 I will re-look.

Then why did you buy at the first place with <5% net yield.. 

This stock will not be totally stagnant, expected to grow 6% p.a. from rental revision from 2014-2015... slow growth but still got growth

HAHA! the IPO price is 1.25 right? U kidding right?

ANALyst say manager fees payment in units will be gradually reduced going forward, means less cash to pay out.

Last time blindly go in mar

But.. rental rates going up yearly....as long as % increase > % manager fee then should be ok... 

IPO price have ZERO relevance to fair/market price... dont let this blind you...

  Okay, I sometimes do refer to the par value..
But isn't 6% DY quite good during tough times like now?

U think IGB will fully pass assessment and electricity hikes to tenants?

  Okay, I sometimes do refer to the par value..
But isn't 6% DY quite good during tough times like now?

IPO price...par value...BOTH GOT ZERO RELEVANT TO FAIR VALUE

Yep... at such high rental demand there... the renters have no choice. This is the strength of a good location.

Current waiting list to rent at midvalley is > 1 year... 

Then again ... it will be passed to the consumer... eventually.. ie YOU.