Normally REITs raise funds to finance further asset acquisitions. So it might not be a bad thing...

you got queue buying?

I wanted 1.10

i queue for 1month +++ didnt catch...i hv increase my bait to 1.13

Now waiting

My principle is:
Determine a target buying price, and stick to it (unless fundamentals have changed)

That said, it's easier said than done

Pavreit down 3 cents with highest volume in Reits sector
Any1 know y?

It true.... ...Human FOOL by greedyness and FALSE HOPE.

ya, another good one is buy for dividends, cap gain is bonus....

wat is 20% cap loss called? penalty.

i tried to sell 10k at 92 today... managed to sell only 200 units... will try again tmrw...

IGB, sunway dead, pav still falling, not many are holding well. retail malls seem very weak.

and more n more private placement to dilute... haiz....

deleted.

This post has been edited by yok70: Apr 10 2014, 04:24 PM

Managed to buy some back at 90

ah... nice!
i managed to sell another 4600 today at 92.
was thinking of buying back at 90 but it came and went too quick.
tmrw, maybe can do it.


it is obvious both buyers are sellers are very nervous at this time for this counter...

KLCC REIT gets approval for up to RM3b sukuk programmes

KLCC Real Estate Investment Trust (KLCC REIT) announced that the Securities Commission Malaysia has approved and authorised the establishment of its sukuk murabahah programmes.

According to the REIT's statement to the exchange, the sukuk murabahah programmes will be undertaken by Midciti Sukuk Bhd, a beneficially-owned subsidiary of KLCC REIT.

The programmes comprise an Islamic medium term notes programme and Islamic commercial papers programme, with tenure of 30 years and seven years respectively from the date of first issuance.

Both of the programmes have a combined limit of RM3.0 billion in nominal value, with a sub-limit of RM500.0 million for the Islamic commercial papers programme.

RAM Rating Services Bhd gave initial long-term and short-term ratings of "AAA" and "P1" respectively for the sukuk murabahah programmes.

“The proceeds to be raised from the issuance of sukuk murabahah shall be utilised for Shariah-compliant purposes, by the issuer and KLCC REIT to finance, amongst others, redemption and/or payment of existing and future financings, capital expenditure and their related expenses, acquisitions and working capital requirements, from time to time,” it said.

Wondering how Qcapita raise RM486 mil cash to finance acquisition
http://www.nst.com.my/business/nation/mrcb...rm240m-1.560667

via 55m ~ 80m new units placement, and debt funding. Post acquisition Gearing = 45%.
http://announcements.bursamalaysia.com/EDM...ase%20(QCT).pdf

Btw, NLA of 476K sf for RM750m, i.e. average RM1,575 psf
Isn't the price a bit too high?

NLA incl retail space which command higher psf

Reits still attractive, despite a rise in long bond yields
http://www.thestar.com.my/Business/Investi...ng-bond-yields/

I am wondering if Qcapita is still attractive. Seeking sifu cherroy comments.

Yield still ok with around 7%, higher than most yield, while property portfolio and leasee (mostly MNC) is also quite good.

But I do not familiar with how well the Sentral retail space attraction there.

Maybank said will the acquistion will add 0.11sen DPU in 2015. EPF will own indirectly through MRCB 30-32% stake in Qcap. Expect more asset injection from EPF in future. Platinum Sentral NLA 450,000 sq ft office space is 100% occupied; retail space 79,000 sq ft is 77% occupied, with room for higher tenancy post merger. There is 635 parking bays in the office building for further income.
http://klse.i3investor.com/servlets/ptres/22372.jsp
http://www.thestar.com.my/Business/Busines...e-into-company/