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 M Reits Version 7, Malaysia Real Estate Investment

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ryan18
post Jun 16 2021, 12:27 AM

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QUOTE(Smurfs @ Jun 11 2021, 01:41 PM)
With those occupancy rate and the below "forecast" Yield FY 2021, not my cup of tea  tongue.gif  Somemore they are assuming on 100% payout rate.

user posted image

SUNREIT?

Let's revisit at my initial writing since last year May 2020 :

» Click to show Spoiler - click again to hide... «

My Sinkalan forecast DPU for FY20200 : 7.7sens
Actual DPU FY 2020 : 7.33 sens
To-date FY2021 DPU : 1.67 sens

SUNREIT's major property income is derived from Retail, and with all these never ending MCO CMCO RMCO FMCO, impact on retail sector is REAL and huge. 

user posted image

I doubt SUNREIT is able to pay 7 sens this year....Now lets see the chart :

user posted image

1.4x level seems a pretty strong support...If i place a bet invest now, most likely i am able to get 4 sens FY2021, which translate to 2.8% yield this year...at the same time, i'm "hoping" the situation will get better and DPU will normalise soon..worth the bet?

Another write up last time :

» Click to show Spoiler - click again to hide... «

Yes with worldwide massive fiscal injection to fight covid and central banks shift towards more accommodative policies, low interest rate environment will continue..at least for a year or two.. Yield chasing pension funds and institutional funds still remain invested in REIT.

However, as a tiny retail investor, i will still ask myself whats my expectation to SUNREIT? recovery play? Dividend play? Is there any other options out there?

If i want to buy into a REIT, i aim to collect Rental from it....if i know most of tenants unable to pay me rental, or i have to subsidize their rent for the time being, why should i buy into it? Why now?

Perhaps you can take a look on ATRIUM...now trading at all time high..and there is a valid reasoning to support the rocketed price  laugh.gif
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Based on the IGB Comreit ROFS price of 40 sen (after considering the free shares) the estimated yield for 2021 is about 9%
As for Sunway REIT, there are a lot of disruption from the lockdowns and with the latest announced recovery plan, it’s not going to have very nice performance till FY2022 I think

This post has been edited by ryan18: Jun 16 2021, 12:32 AM
Hansel
post Jun 17 2021, 03:28 PM

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Bros,... don't forget,.. US Feds are talking abt tapering now and increasing interest rates soon.

Early this morning, they said two increases at end-2023,.. but,... I suspect the increases will start earlier than that !
cklimm
post Jul 19 2021, 10:09 AM

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Very informative piece from SM Thanneermalai:
How are individual REIT holders taxed?

You guys are taxed at least 10% no matter how.

https://www.thesundaily.my/business/how-are...taxed-DL8085410

Cubalagi
post Jul 19 2021, 10:23 AM

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QUOTE(cklimm @ Jul 19 2021, 10:09 AM)
Very informative piece from SM Thanneermalai:
How are individual REIT holders taxed?

You guys are taxed at least 10% no matter how.

https://www.thesundaily.my/business/how-are...taxed-DL8085410
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Nothing new.. That's 10% wothilding tax has been around ages..
RigerZ
post Jul 19 2021, 10:58 AM

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Now that you've brought up REIT dividend taxes again,

Has any of you experienced a REIT that distributed less than 90% of its income and subsequently you had to declare it in your income tax?

I hold 3 REITS and their annual reports state that it is their policy to always distribute at least 90%
Cubalagi
post Jul 19 2021, 11:10 AM

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QUOTE(RigerZ @ Jul 19 2021, 10:58 AM)
Now that  you've brought up REIT dividend taxes again,

Has any of you experienced a REIT that distributed less than 90% of its income and subsequently you had to declare it in your income tax?

I hold 3 REITS and their annual reports state that it is their policy to always distribute at least 90%
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Never..

That's the purpose of reits.. Declare >90%, so as to avoid paying the 24% corporate tax.

RigerZ
post Jul 19 2021, 02:12 PM

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QUOTE(Cubalagi @ Jul 19 2021, 11:10 AM)
Never..

That's the purpose of reits.. Declare >90%, so as to avoid paying the 24% corporate tax.
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Idk, maybe a REIT in the past had some extraordinary incident that made them pay less than 90%
cherroy
post Jul 19 2021, 03:25 PM

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QUOTE(RigerZ @ Jul 19 2021, 02:12 PM)
Idk, maybe a REIT in the past had some extraordinary incident that made them pay less than 90%
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As far as I know that since I start invested in Reit decade ago, had not seen such an occurrence before.

Reit is collecting rent and pay 90% to its shareholders, if no rental income, then no pay.

SUSTOS
post Jul 22 2021, 06:56 PM

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CMMT result: https://links.sgx.com/1.0.0/corporate-annou...b744f0fc563e8c9
SUSTOS
post Aug 5 2021, 04:42 PM

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Sentral REIT 2Q result: https://www.insage.com.my/Upload/Docs/SENTR...s.pdf#view=Full

Presentation slides: https://www.insage.com.my/Upload/Docs/SENTR...1.pdf#view=Full

adele123
post Jan 20 2022, 10:30 AM

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very quiet thread....

IGBREIT has dipped rather low and in the zone where i bought 3 years ago... so... whether killing myself and grabbing a bargain, we shall see biggrin.gif
AthrunIJ
post Jan 20 2022, 11:24 AM

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Well, not much news so far. Other than the OPR increase in due time is planned.

Industrial REIT is still higher than expected while others is slowly creeping up I guess


Davidtcf
post Jan 20 2022, 02:55 PM

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UOAreit worth to buy? I bought some last week.
Another dividend stock I have is Maybank.

I actually like dividend investing a lot, but many gurus say better to focus on growth stocks.
Problem now all the growth in US heading for correction due to rising interest rates / inflation.

Make me more interested to put my money in dividend investing. At least Reit's value are strong and seldom fluctuate, + steady dividends.
RigerZ
post Jan 20 2022, 08:40 PM

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QUOTE(adele123 @ Jan 20 2022, 10:30 AM)
very quiet thread....

IGBREIT has dipped rather low and in the zone where i bought 3 years ago... so... whether killing myself and grabbing a bargain, we shall see biggrin.gif
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I thought REITS memang supposed to be boring whistling.gif
AthrunIJ
post Jan 20 2022, 08:44 PM

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Axreit seems like the only active REIT so far 👀

Renovating shah alam property for shoppee with 15 years lease 👀
koja6049
post Jan 20 2022, 08:49 PM

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QUOTE(Davidtcf @ Jan 20 2022, 02:55 PM)
UOAreit worth to buy? I bought some last week.
Another dividend stock I have is Maybank.

I actually like dividend investing a lot, but many gurus say better to focus on growth stocks.
Problem now all the growth in US heading for correction due to rising interest rates / inflation.

Make me more interested to put my money in dividend investing. At least Reit's value are strong and seldom fluctuate, + steady dividends.
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yes it is worth. The best 4 are UOAreit, Atrium, Kipreit and Sentral, I only have the last 2 of them smile.gif
Davidtcf
post Jan 24 2022, 09:58 AM

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QUOTE(AthrunIJ @ Jan 20 2022, 08:44 PM)
Axreit seems like the only active REIT so far 👀

Renovating shah alam property for shoppee with 15 years lease 👀
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I sold mine and went for UOAreit.
For Malaysia Reit in the end is the Dividend Yield that matters.

Prices keep fluctuate and will go back to original or near its price.
Only during start of Covid pandemic their prices nosedive.. now all back to normal.

If you want steady growth/returns a year + dividend of 5-6% a year then go for SG Reits.

This post has been edited by Davidtcf: Jan 24 2022, 09:59 AM
AthrunIJ
post Jan 24 2022, 10:06 AM

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QUOTE(Davidtcf @ Jan 24 2022, 09:58 AM)
I sold mine and went for UOAreit.
For Malaysia Reit in the end is the Dividend Yield that matters.

Prices keep fluctuate and will go back to original or near its price.
Only during start of Covid pandemic their prices nosedive.. now all back to normal.

If you want steady growth/returns a year + dividend of 5-6% a year then go for SG Reits.
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Yeah I will soon open an international broker account. For now just to hit my investment target with local bourse then basically buy international stocks.

Singapore REITs and USA tech.

Dividend yield from local bourse can help with the international stocks purchase.
Davidtcf
post Jan 24 2022, 10:47 AM

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QUOTE(AthrunIJ @ Jan 24 2022, 10:06 AM)
Yeah I will soon open an international broker account. For now just to hit my investment target with local bourse then basically buy international stocks.

Singapore REITs and USA tech.

Dividend yield from local bourse can help with the international stocks purchase.
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nowadays I just buy Malaysia stocks if I need to keep some extra cash saved there.
Example it is recommended to have 2-3 mths of salary in Savings... I will put 1 mth savings extra in local Bursa (can put more if you feel you need cash later in the year or next year). Put there to get dividend of 7-8% is gooding.
So in case need cash can easily sell stocks from there to transfer back to Savings acount. Fast and easy withdrawal.

Bursa growth really bad. Not enough foreign investors to pump up our prices (ever since 1MDB incident). Hope will improve in future.
Some people can make money in Bursa if they know how to invest in the lesser known stocks and monitor them.. for me don't have such time or risk appetite.

This post has been edited by Davidtcf: Jan 24 2022, 10:49 AM
AthrunIJ
post Jan 24 2022, 01:50 PM

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QUOTE(Davidtcf @ Jan 24 2022, 10:47 AM)
nowadays I just buy Malaysia stocks if I need to keep some extra cash saved there.
Example it is recommended to have 2-3 mths of salary in Savings... I will put 1 mth savings extra in local Bursa (can put more if you feel you need cash later in the year or next year). Put there to get dividend of 7-8% is gooding.
So in case need cash can easily sell stocks from there to transfer back to Savings acount. Fast and easy withdrawal.

Bursa growth really bad. Not enough foreign investors to pump up our prices (ever since 1MDB incident). Hope will improve in future.
Some people can make money in Bursa if they know how to invest in the lesser known stocks and monitor them.. for me don't have such time or risk appetite.
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Once time is right. I will transfer maybe around 50% of local burse to international bourse.

For now, need to generate some income to do that by using dividends.

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