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 M Reits Version 6, Malaysia Real Estate Investment Trust

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jasonkwk
post Aug 15 2014, 02:27 PM

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anyone look into KLCC b4? It is not a REIT but a stapled securities.
Anyway to evaluate it,like a stock or a REIT?
felixmask
post Aug 15 2014, 02:28 PM

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QUOTE(Pink Spider @ Aug 15 2014, 02:07 PM)
Atrium?
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DONT BUY...I SENSE..u asking to us decide for U
» Click to show Spoiler - click again to hide... «


This post has been edited by felixmask: Aug 15 2014, 02:30 PM
SUSPink Spider
post Aug 15 2014, 02:30 PM

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QUOTE(felixmask @ Aug 15 2014, 02:28 PM)
DONT BUY...I SENSE..u asking to us decide for U
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nonono

I was asking him whether Atrium is the one that he disagreed with me

cherroy puts it well, I just removed Atrium from my watchlist blush.gif
cherroy
post Aug 15 2014, 02:32 PM

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QUOTE(jasonkwk @ Aug 15 2014, 02:14 PM)
do u want to invest in an REIT that never increase its distribution for the past 11 times? if you dont mind, then invest in ATRIUM. biggrin.gif  ATRIUM is my first REIT I bought, buy 1.38 sell 1.5 ,never see it anymore.

btw, It is in my no need see REIT list, REIT which has low negotiating power to increase rental reversion. All DPU come from rental reversion  and reduce debt cost at the same time.Debt rate is control by Bank Negara and investment sentiment. But you can control the tenant you want and do AEI or increase traffic to increase rental revision.
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To be fair, Atrium apart the hiccup once in losing one of the property tenant (for a period of time), the rest of the time, is pretty stable throughout.

It is not that bad although lack of earning improvement and diversification as well as property injection activities,
considered that when I bought it with net yield about 8%.
So already collected it for more than 5~6 years (can't remember when already) with around net 8 cents each year (apart from one year with drop in DPU as mentioned reason)

cherroy
post Aug 15 2014, 02:34 PM

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QUOTE(Pink Spider @ Aug 15 2014, 02:30 PM)
nonono

I was asking him whether Atrium is the one that he disagreed with me

cherroy puts it well, I just removed Atrium from my watchlist blush.gif
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It is not that bad as mentioned my post above.

But still prefer go to big cap reit, size and diversication does matter in reit.


holybo
post Aug 15 2014, 02:35 PM

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QUOTE(cherroy @ Aug 15 2014, 02:34 PM)
It is not that bad as mentioned my post above.

But still prefer go to big cap reit, size and diversication does matter in reit.
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What is the reit you advise to go for? I'm holding sunreit and igbreit only. Hard to find value nowadays, just accumulate cash only yawn.gif
SUSPink Spider
post Aug 15 2014, 02:40 PM

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QUOTE(holybo @ Aug 15 2014, 02:35 PM)
What is the reit you advise to go for? I'm holding sunreit and igbreit only. Hard to find value nowadays, just accumulate cash only  yawn.gif
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I like CMMT. Quite strong rental reversion, second only to IGBREIT I think
felixmask
post Aug 15 2014, 02:40 PM

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QUOTE(holybo @ Aug 15 2014, 02:35 PM)
What is the reit you advise to go for? I'm holding sunreit and igbreit only. Hard to find value nowadays, just accumulate cash only  yawn.gif
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you dont hv other stock beside REITS ?
holybo
post Aug 15 2014, 02:46 PM

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QUOTE(felixmask @ Aug 15 2014, 02:40 PM)
you dont hv other stock beside REITS ?
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I have others. Just I can't find value in other stocks too. Looking for long term 1. Started investment in bull market not a good thing for long term investment right?
felixmask
post Aug 15 2014, 04:12 PM

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QUOTE(holybo @ Aug 15 2014, 02:46 PM)
I have others. Just I can't find value in other stocks too. Looking for long term 1. Started investment in bull market not a good thing for long term investment right?
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TRUE....but assume the BULL still ongoing where KCI can reach above 2000..then

is capital appreciation.

is assume. <???? Financial Crisis????>..when happen fast fast sell.


Down the road, you can see few correction happening...HEART MUST BE STEADY.

This post has been edited by felixmask: Aug 15 2014, 04:12 PM
cherroy
post Aug 15 2014, 04:18 PM

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QUOTE(felixmask @ Aug 15 2014, 04:12 PM)
TRUE....but assume the BULL still ongoing where KCI can reach above 2000..then

is capital appreciation.

is assume. <???? Financial Crisis????>..when happen fast fast sell.
Down the road, you can see few correction happening...HEART MUST BE STEADY.
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With interest rate trending upward, property market seems to slow down, GST looming, I doubt there will be much capital appreciation for reit for short to medium term.
Consolidation should be the trend for reit,
I forsee reit price to be traded in range bound for yield play for short to medium term.
I cannot brain any reason for reit to shoot up 10~20% from current pricing generally for most reit that under 5~6% unless due to individual reit yield improvement.

Want capital appreciation, better go for O&G sector stocks or ordinary stock.


felixmask
post Aug 15 2014, 04:22 PM

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QUOTE(cherroy @ Aug 15 2014, 04:18 PM)
With interest rate trending upward, property market seems to slow down, GST looming, I doubt there will be much capital appreciation for reit for short to medium term.
Consolidation should be the trend for reit,
I forsee reit price to be traded in range bound for yield play for short to medium term.
I cannot brain any reason for reit to shoot up 10~20% from current pricing generally for most reit that under 5~6% unless due to individual reit yield improvement.

Want capital appreciation, better go for O&G sector stocks or ordinary stock.
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sorry i refering stock...

not reits....as follow reason what u said.
Smurfs
post Aug 15 2014, 05:16 PM

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everyday i pass by UOA damansara and observe the construction of MRT.

ASSUME that MRT station done and begin operation :

rental revision = more NPI = more DPU ?

Just my wild guess.

felixmask
post Aug 15 2014, 05:20 PM

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QUOTE(jasonkwk @ Aug 15 2014, 02:27 PM)
anyone look into KLCC b4? It is not a REIT but a stapled securities.
Anyway to evaluate it,like a stock or a REIT?
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hybrid of Reits.

Becoz they hv business non REITS like hotel.

meanz those Revenue from Reits example(Rental Income from Twin Tower)...distribute 90%, while Revenue from Hotel...are taxable.etc
felixmask
post Aug 15 2014, 05:22 PM

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QUOTE(Smurfs @ Aug 15 2014, 05:16 PM)
everyday i pass by UOA damansara and observe the construction of MRT.

ASSUME that MRT station done and begin operation :

rental revision = more NPI = more DPU ?

Just my wild guess.
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occupany >90% archievable in long term due to strategic location with Public Transport thumbup.gif
ozak
post Aug 15 2014, 06:43 PM

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QUOTE(Smurfs @ Aug 15 2014, 05:16 PM)
everyday i pass by UOA damansara and observe the construction of MRT.

ASSUME that MRT station done and begin operation :

rental revision = more NPI = more DPU ?

Just my wild guess.
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Ok la. Jump in UOA.
SUSPink Spider
post Aug 18 2014, 09:54 AM

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Who is dumping CMMT? blink.gif
SUSwankongyew
post Aug 18 2014, 10:08 AM

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I'm currently not holding CMMT and so haven't been paying attention to it. But your post prompted me to look at it and I saw that it seems to be on a downtrend since July. So, yeah, what's up with it?

(Actually looking back at my old records, I last sold it at 1.905. Looks like the price really cratered since then.)
SUSPink Spider
post Aug 18 2014, 10:17 AM

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QUOTE(wankongyew @ Aug 18 2014, 10:08 AM)
I'm currently not holding CMMT and so haven't been paying attention to it. But your post prompted me to look at it and I saw that it seems to be on a downtrend since July. So, yeah, what's up with it?

(Actually looking back at my old records, I last sold it at 1.905. Looks like the price really cratered since then.)
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Current net yield about 5.6%

Retail has better potential for rental reversion. Though recent rental reversion upsides were capped by increase in expenses. But then again, which REITs are spared from higher expenses?

This post has been edited by Pink Spider: Aug 18 2014, 10:24 AM
holybo
post Aug 18 2014, 10:25 AM

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QUOTE(Pink Spider @ Aug 18 2014, 10:17 AM)
Current net yield about 5.6%

Retail has better potential for rental reversion. Though recent rental reversion upsides were capped by increase in expenses. But then again, which REITs are spared from higher expenses?
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Alright. I go support your CMMT biggrin.gif

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