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 M Reits Version 7, Malaysia Real Estate Investment

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SUSPink Spider
post Jul 26 2016, 11:14 PM

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QUOTE(CP88 @ Jul 26 2016, 11:12 PM)
UOAReit on the other hand keep going up!  hmm.gif

What up with MQ that kept you worried?
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Nothing in particular, just that seeing UOA and IGB reporting flat results, anything less than flat by MQREIT could send investors running sweat.gif
SUSPink Spider
post Jul 27 2016, 09:23 AM

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QUOTE(cherroy @ Jul 27 2016, 08:12 AM)
Reit result is/should be always "flat" one, unless there is major lease renewal with upwards rental revision, or injection of yield accretion properties.

MQreit should have a rather "flat" result based on its history as well as its properties portfolio lease, expecting a 4 or 4.x cents DPU.

With current rental/lease market, it is hard to see major upwards in rental revision.

Office space supplies is ample, as well as more and more malls are popping in the coming future.
*
IGB actually reported improvement in topline, but it's expenses dragging down earnings doh.gif
Human traffic at MidValley is still very healthy, even on weekdays.

Well, to be optimistic, at 4.4 sen gross divvy, and annualise it...at current cum price of RM1.65, net yield is about 4.9% blush.gif

So, u guys holding, selling or buying more at current price?

This post has been edited by Pink Spider: Jul 27 2016, 09:33 AM
SUSPink Spider
post Aug 2 2016, 02:58 PM

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MQREIT 3.2% down rclxub.gif

Pricing in divvy cut and/or lacklustre results? sweat.gif

http://www.theedgemarkets.com/my/article/h...ays-423-sen-dpu

Respectable results thumbup.gif

This post has been edited by Pink Spider: Aug 2 2016, 08:37 PM
SUSPink Spider
post Aug 5 2016, 04:42 PM

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IGBREIT ex date rally??? Apa ini? rclxub.gif
SUSPink Spider
post Aug 10 2016, 10:12 AM

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MQREIT net yield dropped to 5.9% at 1.28! Sell? hmm.gif
SUSPink Spider
post Aug 10 2016, 11:50 AM

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QUOTE(CP88 @ Aug 10 2016, 11:49 AM)
Paging sifu cherroy..
*
Yaya the Penang Tesco fanboy tongue.gif
SUSPink Spider
post Aug 10 2016, 02:43 PM

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QUOTE(cherroy @ Aug 10 2016, 02:32 PM)
5.9% still a high yield.

Axreit gross yield is only around 4.5%, it speaks the reit fever that the market currently having.
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Yessir! biggrin.gif

Eh sorry, if u account for the cum-dividend, current net yield at 1.28 is actually still 6.1% blush.gif

Actually I don't get the low yield for Axis, yeah it's stable, but rental growth quite minimal for industrial REIT

This post has been edited by Pink Spider: Aug 10 2016, 02:44 PM
SUSPink Spider
post Aug 12 2016, 02:33 PM

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QUOTE(wankongyew @ Aug 12 2016, 10:56 AM)
So what's the rational thing to do in this situation? Are we to assume that current REIT prices are the new normal until rates increase again?
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I also sold 1/3 of my IGBREIT yesterday at 1.63
SUSPink Spider
post Aug 12 2016, 03:18 PM

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QUOTE(cherroy @ Aug 12 2016, 03:15 PM)
Yes, especially OPR may even be cut further in near/distance future.

Having said that, the risk now for reit is lease renewal with a soft business environment.
That's why those has little risk in term of lease renewal (like IGBreit, Axreit) are being chased after until net yield below 5%.
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But don't forget, weak retail growth will hamper IGBREIT's earnings and divvy growth...
SUSPink Spider
post Aug 12 2016, 03:39 PM

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QUOTE(PhakFuhZai @ Aug 12 2016, 03:35 PM)
as long as there are still significant middle class exist in Malaysia
Midvalley won't die
just like the number of Benz and BMWs you see on the road everyday, it will only keep increasing
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human volume =/= shopper volume

Many people go for cinema, food and drinks, but u see many retail outlets don't really get a lot of shoppers
SUSPink Spider
post Aug 12 2016, 05:39 PM

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QUOTE(cherroy @ Aug 12 2016, 05:36 PM)
Midvalley, this risk is minimal, as demand retail space for the mall should be still pretty strong.

But for other mall especially those considered "secondary" one, yes, it is a serious challenge, as plenty of new retail space supply is coming to the market.
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What I was referring to was "turnover rent". Declining consumer spending is one of the factor making IGBREIT latest results flattish.

Furthermore IGBREIT has been paying >100% payout. Should they reduce to <100%, divvy growth will be flattish too. This is reason why I sold 1/3 of my IGBREIT holdings yesterday.

This post has been edited by Pink Spider: Aug 12 2016, 05:45 PM
SUSPink Spider
post Aug 12 2016, 09:10 PM

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QUOTE(CP88 @ Aug 12 2016, 06:16 PM)
So what'd you dump into with the proceeds?  brows.gif
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Matrix blush.gif
SUSPink Spider
post Aug 13 2016, 09:09 AM

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QUOTE(djhenry91 @ Aug 12 2016, 09:24 PM)
ooo..u follow tht blogger comment on Matrix issit?  hmm.gif
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Who? blink.gif
SUSPink Spider
post Aug 13 2016, 04:59 PM

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QUOTE(djhenry91 @ Aug 13 2016, 02:21 PM)
Harry Teo.. He write about matrix wor.. When he set up a course something like tht.. Tht matrix boss come and support wor..
Matrix concept right
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Ok, let me go read now icon_idea.gif
SUSPink Spider
post Aug 14 2016, 10:55 AM

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QUOTE(PhakFuhZai @ Aug 14 2016, 10:41 AM)
KLSE Screener app currently stated it as 5.08%

in i3 forummer I remember got some ppl saying is below 5%
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Look at the analyst reports.

MQREIT net gearing is quite high at 40%++ now
It's going for some rights issue which will dilute earnings thus ability to increase/maintain absolute payout in RM terms

Thus, it's not realistic to expect 8.4 sen gross payout in coming years
SUSPink Spider
post Aug 15 2016, 02:44 PM

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Regret dumping UOAREIT doh.gif

QUOTE(cherroy @ Aug 15 2016, 11:40 AM)
More like that fella head not stable tongue.gif

Always post unsubstantiated comments just to invoke comments and response from others. grumble.gif

Err...Devil's Advocate? hmm.gif devil.gif

This post has been edited by Pink Spider: Aug 15 2016, 02:45 PM
SUSPink Spider
post Aug 15 2016, 03:02 PM

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QUOTE(CP88 @ Aug 15 2016, 02:59 PM)
Why?  blush.gif

Anyway, MQ on steroid o. You still wanna consider dumping?  tongue.gif
*
It has went up quite a bit after I dumped it. Manakala my Matrix and United Plantations still stagnant doh.gif

1.40 and I'd sell 1/3 of it drool.gif
Bear in mind that it's now trading cum-divvy icon_idea.gif
0.84 x 90% / (1.40 - 0.04) = 5.5% net yield

This post has been edited by Pink Spider: Aug 15 2016, 03:10 PM
SUSPink Spider
post Aug 15 2016, 05:34 PM

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QUOTE(cherroy @ Aug 15 2016, 04:23 PM)
Since market is having a fever, I greedy a bit, sell when 1.50.  tongue.gif
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5% net yield for an office REIT? Ain't that greedy tongue.gif
SUSPink Spider
post Aug 15 2016, 05:52 PM

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QUOTE(PhakFuhZai @ Aug 15 2016, 05:39 PM)
only got 10 biji of MQ
let say it able to rise to 1.40 or above, shall I dump it for quick profits unsure.gif
(avg price is 1.24)

edit: profit so-so only at 1.40, so might dump at 1.60, if it ever able to reach that high
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Your 1 biji = 100 shares or 1000 shares confused.gif
SUSPink Spider
post Aug 15 2016, 05:59 PM

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QUOTE(PhakFuhZai @ Aug 15 2016, 05:56 PM)
1000 shares laugh.gif

chinese unker auntie tend to use 1 biji to refer 1000 shares
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RM13,600 drool.gif

Paper profit 10% already, not bad thumbsup.gif

I'd keep til net yield drop below 5.5%, sell a bit
If net yield drop below 5%, sell all bye.gif

QUOTE(CP88 @ Aug 15 2016, 05:58 PM)
All tekan sell. Mana satu reits to replace existing punya?  innocent.gif
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Takmau main REIT lo, hunt elsewhere tongue.gif

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This post has been edited by Pink Spider: Aug 15 2016, 06:00 PM

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