Lets start our reits discussion in version 6

This post has been edited by darkknight81: Feb 3 2014, 03:46 PM

Any Tip si

REIT newbie checking in

Most REITs dropping but KLSE booming.

Any sifu can explain why?

If like that, then who wants to buy REIT??

everytime got dividend, the price will be adjusted again...
cannot realise profit immediately then?

Another option , u can go Genting for some immediate returns...

anything cheap to buy with high div yield

I was thinking it could be an option better than FD, but then it seems have to wait for the price to go back to normal after the adjustment by Bursa.

why not "invest" in EPF yearly div also "good"

http://www.kwsp.gov.my/portal/member/membe...lf-contribution

EPF also adjusts for ex Election

yes, but can't be below 5%
(FYI 2012 div 6.15%)

Plenty...

not CAN'T, but RARE below 5%

Tipsi don have as i believe reits are quite straight forward.

My have invested in tower reits. If you ask me what is the next
reit i will buy. Most probably AM FIRST REIT.

I am thinking of buying Pavilion

My target include Ytlreit, Arreit, Uoareit n Amfirst

starhill is doing badly... lot10 is worst, nobody enter it except for H&M

As far as I know, YTL REIT currently owns neither Starhill nor Lot 10.

thanks for the correction. oh i checked it up and you're right. more on JW Marriott ( still in starhill itself ) and others

still buying more REITs??

but the OPR is predicted to be increased by 50 basis point, that will lower the share prices. No??

it will brew a perfect storm for domestic market

Oredy factor into d price

US 10-yr treasury yield dropped to 2.58 last night.

lower interest rates?

nothing to do with interest rate.
this is bond yield, meaning more people buying bonds so the bond price moved upwards, therefore the "dividend" yield reduce.

Today everything in my portfolio datang haid except for Axis which goes ex

tiny bear attacking world stock market.

Good buy reit now?

My sharing on my Reits investment. Please share your view

https://tradingstock4aliving.wordpress.com/

Tower reits- the tenant are moving out;

http://www.propwall.my/classifieds/1737278...-wong-wai-keong

This post has been edited by felixmask: Feb 4 2014, 03:06 PM

this is bad for tower reits nowadays office space are oversupply esp in KL area

Thanks for sharing.

Thanks for sharing brother.

Just one or two tenants moving out might not create an issue, Axreits had one block of building vacant for more than a year before .......

This post has been edited by SKY 1809: Feb 4 2014, 03:46 PM

Not an issue..Not mistaken TwrReits hv 3 property

menara ING not the biggest.

MENARA HLA - NLA 396, 820 sq. ft
HP TOWERS - NLA 350, 056 sq. ft
MENARA ING- NLA 151,395 sq. ft

Total NLA - 898, 271

Nice locations

Basing on advtised price, kinda cheap rental rates .......

And what does the imply? Investors are cashing out their stocks and buying in bonds? Any other interpretation?

investor like us wont major shift from Reits to BOND..only those foreign shark to catch out.
Retail with buy when the money available.

2ndly our MGS 10 yield has move to very low during the 2008/2009 crisis.
Now the MSG is moving upward - to tighten the lending from high inflation.

And 3dly Bond and Reits are moving tandem together.. Up and down together to match the 10yr MGS yield.

This post has been edited by felixmask: Feb 4 2014, 04:23 PM

yes. sharks start spreading fear on economy again (possibility of default here default there), so investors moving from riskier assets (ie. stocks) into less risk assets (ie. bonds).
it's a game after all, a money game.

Ytlreit < 1.00 now

Yes. Agree. I believe AM FIRST REITS occupancy rate are much kower.

Yes. But we don know what is tower reit current occupancy rate.
but i am not worry much as tower reit has low gearing.

I seam to be unable to find the occupancy rate for Pav and Sun REIT on their websites.
Where do you normally refer this to?

Worst case, Hong Leong may privatize

Annual report. I remember pavreit occupancy rate is almost 100%

This post has been edited by darkknight81: Feb 4 2014, 06:23 PM

It will be even better as tower reit net asset per unit is RM 1.83.

Presently trading @ 19% discount to NA

What about the others?
Is tower the best?

D best discount is 40% for Ahp

Valuing REITs based on book value is not really relevant IMHO.

U buy REITs for what? For the dividends. U don't buy a REIT and hope (that the REIT manager) to sell off its assets in open market and realise their fair values.

Thus, dividend valuation is more relevant.

Agreed
Discount is relevant during privatization/termination
AHP2 is a classic case in 2009

today best performers in my portfolio are REITs. well i guess they had dropped enough for the moment, let others follow their tail first.

This is something new. While everyone talks about possibility of OPR increment, Bank Paris talks about possibility of decreasing.

（吉隆坡3日讯）正当大部分经济学家均认为国行会在今年内升息之际，法国巴黎银行（BNP Paribas）则认为国行对经济增长风险感到担忧，若3月时政府未调涨燃油，国行可能会以降息0.25%应对。
国行上周三第16次维持隔夜政策利率（OPR）在3%水平不变，但法国巴黎银行经济学家麥克尼古拉斯认为，国行文告透露出“增长下滑风险渐露”的语调，却对通胀表示乐观。
他在报告中指出，在通胀未过度扩大的情势下，国行将降息力保经济增长。
“国行对外围增长展望不变，但这是建立在先进国增长的信心，区域经济展望则令人担忧，特别是中国经济数据持续疲软。”
他补充，国行也在文告中二度提起“国际金融市场波动”的字眼，此情况或将引领投资导向型增长放缓。

http://www.nanyang.com/node/597020?tid=462

Guys, newbie here to enter Reits, targetting to buy SunReit and PavReit, is it good timing to enter now?

Jus one silly question, normally dividend will be given around April is it? If yes, should wait until the dividend given and price "adjusted" only enter?

Also can.

Paper sharing

Alliance revised their TP for Axreit from 3.77 to 3.43


Attached File(s)
 researchview_Axreit_0214.pdf ( 301.64k ) Number of downloads: 37

7% net yield for FY14...top up?

reit all gone down.

Axreit up 10 cents today

Menara HLA - 99%
HP tower - 80%
Menara ING - 100%

http://www.tower-reit.com.my/files/AnnualReport2012.pdf

profit remain strong.

ah, thanks for the info.

have they increased rent since every else price also goes up??

malaysian bonds and reits are still not doing well despite US bond yield dropped, any reason?

What is going on with ALAQAR? Volume seems decent too.

Not doing well?
Many reit price has been stablising recently after massive US bond yield drop.

B prepare to pay 6% GST fr 1/4/2015 onwards if u buy Reits
http://gst.customs.gov.my/en/rg/SiteAssets...ober%202013.pdf

Reading that, it doesn't seem true. Services performed by the REIT management company will be subject to GST, and GST will be charged on top of transaction fees for buying and selling as per other stocks, but the trading of REIT stocks on the market itself is explicitly exempt from GST. As far as I can tell, this is exactly as per one would expect.

Read item 33

Huh? Brokerage commission and clearing fees, i.e. transaction fees are subject to GST. Neither income distributions nor the traded value of REIT units are subject to GST.

trading in stock have to charge 6% GST because the service is provided by the bank / company

how about Singapore?

OH SHIT..

Ajib suggest you

haha lol

Need to wait for guidelines for investment bank/broker

Show hand! Withdraw all your FDs...taruh NOW!

6% GST over the brokerage fee, not trading volume. Not a big amount.
In any case, if the GST is your concern, you should invest for mid/long term rather than keep buying and selling.

Last year, I only made 8 transactions (6 BUY, 2 SELL)

+100

Traders will be hit harder than long-term investors

are you kidding????

apply to all stocks?

invest in which one?

over brokerage fee??

Ambank trading is RM 6 or 0.035%... so now it's RM 6.36 or 0.0371%??

Nope
Apply to Reits n UT

Hampalang sapu?

I don't think that is true. I think it should apply to all brokerage charges / trustee fees / clearance fees for all stock purchases. Note the following in the FAQ:

This post has been edited by wankongyew: Feb 7 2014, 10:46 AM

Guess this year will be a bull run then

Willian meant that REIT Manager's fees will kena GST

Brokerage u buy what also will kena GST

Is IGB REIT a good buy at RM1.2 per share?
3.61cent per share
Dividend yield 5.87%? ( Previous Div 3.43cent)
Am I right?

This post has been edited by woonsc: Feb 7 2014, 12:59 PM

3.61 is gross...3.5X is taxable at 10%...so u getting

3.5X x 90% + 0.0X sen

"oh no~" if this is true that buy shares also subject to GST.
Does this apply to Nominees account? I hope no~

The draft guide from Custom mentioned Reits ony
Other than reits, need to wait for guideline on investment bank/stock broker industry

tax on the reit value? sound expensive

It is commission brokerage subjected to GST, not share subjected to GST.

You buy share value at Rm10,000, GST won't be imposed on RM10,000
but on commission of Rm42 (assume 0.42%) being charged GST 6%, RM2.52.

Manager fee is subjected to GST, means if reit NAV is RM500 million, and reit manager charges 1% of annual management fee, means RM5 million of the fee is subjected to GST 6%, aka Rm30k.

It is not tax on reit value, but any form of service charges are subjected to GST, (except those listed as exempted)

So if the manager fee is 1%, after charging GST, it become 1.06%.
Just like you go to restaurant, the price of menu stated RM50, but when you pay the bill time, the bill is RM53 (after 6% tax)

Just like brokerage commission being charged GST.
Commission of UT agent being charged GST
Electricity tariff being charged GST.
Basically, any commission, consultation fee on service provided is subjected to GST, unless stated otherwise as exempted.

But reit can use the GST charges to claim as input credit of GST, that for supply rental.

The GST is really covering vast area.

This post has been edited by cherroy: Feb 9 2014, 05:30 PM

Bot some Ytlreit @ 0.995 today