Ya.. waiting there.

There is still residual value in SW..valued at 0.58 bil in case the business tutup.

CMMT price is currently 20% below NAV.. ~ 0.8 bil discount.

I think all the negatives is nearly priced in..

So sudah beli?

Catching bottom for REIT is not for capital gain.. you are mistaken.

We catch bottom, to maximise our yield, on long term basis

This post has been edited by gark: Mar 1 2018, 10:58 AM

It depend on what you are looking for, reit investing is not the same as other stock investing. So they have different strategies..

For growth stocks as you mention, looking at increasing EPS is the goal, but for REIT is more or less like investing in property, we look at yield, rental performance and discounts to nav.

Stocks can go to hero or zero, reit is basically a property, even if no one is renting.. ie no income, there is still value to the buildings.

The only difference between reit and property is one is real time (more heart attack moments) and the other one is less fluctuation..

BTW, I invest in growth stocks and dividend stocks too..

This post has been edited by gark: Mar 1 2018, 11:05 AM

On comparing bonds to REIT.. I see a massive oversold situation.REIT yields to compare with MGS10Y.

MGS10Y has risen from 3.8% to around 4.05% now after the BNM hike, which is a fair figure. Even if BNM hike another 0.25%, MGS10Y will be likely around 4.3%.

The previous high in MGS10Y was at 4.3% in end 2016, and that time MY REITs prices was still stubbornly high, so I did sold off most of MYREITs due to MGS spread concern is <100 bps and MYREITs continue to go up higher . At this time there was a BIG sale on SGReits, with yields hitting 7%-9%, and I bought mostly SGREITs with the cash from MYREITs. Long term members will remember that is the time I was switching to SGReits. And it paid off handsomely .

However now, the situation has reversed. MY REITs have instead nose dived and yields have risen by around 1%-1.5% and the MGS spread is now around 200-300 bps. However looking at SG REITs, the selldown is mostly muted, yields have risen by about 0.3%-0.5% at most, and most are still much higher than 2016 prices (I am beginning to selloff SG Reits since last year and now moving to MYREITs and divvy stock. ).

Yes US10Y has risen to record 2.8% and I think will breach 3% by mid year, unless the FED stop raising rates. And yes, I think REITs are risky now, and I am moving some from REIT stocks to dividend stocks.

My best performer is nestle..with PE 45x and DY 2% ..people still buy, does not make sense, go figure?

But the current heavy selldown in MYREIT is not justified IMHO. I expect some rebound in next few months, when the fear has subsided and people begin to see value.

This post has been edited by gark: Mar 2 2018, 11:10 AM

That is the option I am looking at, moving my money from REIT.. both in KLSE and SGX..

On Nestle.

Sold some to test market previously.. regretted it. Never bought back.

Still keeping a big portion.. itching fingers to sell.. but decide to see how long this madness will last.

This post has been edited by gark: Mar 2 2018, 01:38 PM

Picked up mqreit at 1.06 and cmmt 0.995 time for warchest to go to work.. 7-8% yield keep long term is good enough for me..

Currently 3 reit is trading at ~8% yield.. mqreit, cmmt n hektar... But i see their dpu will fall somewhat to 7-7.5% yield. Still highest in the malaysia reit universe.

Will continue to add for every 2-3c downwards, my warchest should be able to last even they retrace another 30% downwards.

Coincidence.. both reit managed by capitaland and hektar by fraser .. all sg company.

This post has been edited by gark: Mar 7 2018, 11:33 AM

I thought reit collectors are supposed to be happy with the huge yields they are giving now?

This is what they waited for in years right?

How come all the scared and sad post this forum?

This post has been edited by gark: Mar 7 2018, 12:30 PM

Have to count the dividend collected too.. after calculating that, the loss will be less ..

Ya last year selldown picked up fcot and cct on the cheap. Sold all lately on the high.

The market expectation on softer market for office space did not materialize, both did a good job maintain their dpu.. and prices rebound and still steady.

Shows market expectation can sometimes overshot ..

Mqreit i expect they can keep the occupancy up as their tenants are quite strong, but rental rates will comedown somewhat.

This post has been edited by gark: Mar 7 2018, 03:56 PM

Sold some nestle at 140, bought igb at 1.50.

Trading 1.9% yield with 5.6% yield.

No one accumulating KIP reit..? giving >9% divvy.. very low gearing..

Recently only market start to show a bit of interest.. my average is 73.5..

But tell you.. the properties are a bit higher risk... so do your own due diligence before invest

This post has been edited by gark: Apr 27 2018, 09:23 AM

KIP is operating low cost shopping centres.. more like wet market type..

Target segment is lower income group.. in smaller cities... the risk is there.

Maybe investors don't like these kind of assets..

This post has been edited by gark: Apr 27 2018, 10:22 AM

Yes, two investment banks/insurance.. each holding ~6%.. is dumping continuously.. I expect the price to be press down further.

But the the owners is buying continuously... so don't know who is sending the message.

So don't buy at high price for safety reasons..

This post has been edited by gark: Apr 27 2018, 10:38 AM

Best to do research before you buy.. risky assets..

Ya... for lower income people only..

You rich city people.. never go one ..

But I think hor, these kind of mall is more resilient than all those KV high class mall.. my opinion only, primary is because of less competition.

I used to work about 5-6 years in sang kah lah area in Malaysia, I also go shop in these places last time.

review of the reit.. https://fifthperson.com/kip-reit/

This post has been edited by gark: Apr 27 2018, 02:49 PM

Hehe right also.. so lets see which other mall want to go sang kah lah place..

Depends on how much you trade/invest, i buy/sell total in 6 figure sums per month average.. so higher brokerage rate is a big big difference for me, equivalent of a FOC abalone dinner for each month.