Go ahead and good luck.. lmao.

We are not interested in these chicken feed profit scalping.

Be sure to post all you buy and sell..

This post has been edited by gark: Sep 25 2015, 06:59 PM

Yaya try it.. go ahead.

Post you buy and sell price at the same time too

Then compared that to actually holding the stock through the dividend.

Remember to post buying and selling on the time which you buy.. not few weeks later ok..

Just a note of caution to REIT players..

MGS 10 year yield has been steadily increasing from 3.5% in early 2014 and shot to 4.4% recently over 'junk' status.

Although MY reit yield have not corrected in par with MGS10Y, the gap is getting narrower.

It will be a matter of time for the REIT yield to correct itself. Consider this a fair warning to adjust your portfolio.

This post has been edited by gark: Oct 3 2015, 12:38 AM

REIT yield has always traded to reference MGS10Y reference yield (as its consider zero risk), usually between 2%-3% depending on asset quality. Now the gap has narrowed, there could be a chance that REIT yield s will rise higher to compensate. As yield goes higher, price comes down.

The way I am looking...

RM exchange rate is gone to hell.. as every one knows.. foreigners holding MY REIT will risk forex loss.

The other weapon to stabilize the RM rate is to raise interest, but zeti has been trying to prevent this because of slow economy. But when push come to shove.. and RM/USD becomes 5.. then all bets are off..

Yes US is in a pickle.. in fact the USD strength is going reverse of common sense, even if FED is going to raise rates, its going to be 0.25%.. it doesn't explain the 30% gain for USD. It is more a flight to safety from the crumbling emerging economy. If FED can raise rate it SIGNALS that the US economy is doing well, hence more people will pour their money in.

The longer the FED delays it, the worst it will get. Everything in US is already very expensive and overbought.. including bonds (treasury yields down..means price up ) and stocks (average PE is 20.5 now!!!!).. as the momentum builds up it will come crumbling soon.

Germany and Switzerland already have negative interest rate and is suffering from deflation... this also helps people to push their money to US assets...

For your comment that treasury is yielding <2% is correct, but US REIT yields are trading at average of 4%, which is 2+% above their respective treasury, which reflects the fundamentals.

Now compare to Malaysia, MGS is trading at 4.4%.. how much does the average REIT yield need to trade at?

Heck look at SG, see how much the REITs have corrected in price.. while MY REITs is still high and mighty for now... but for how long?

So I say TRIM and ADJUST the REIT portfolio.. keep REITs with solid assets..

This post has been edited by gark: Oct 3 2015, 10:00 AM

Look south for better yields since SG REIT has corercted significantly..

From your 4 reits.. IF i were you i will trim down to 1.. but that is just me.

MY REIT should trade at average of 2+%.. good reit should be around 6%.. poorer ones 7%-8% for now.. thats is the fair value.

This post has been edited by gark: Oct 3 2015, 10:03 AM

But that is just me...

You can decide on your own..

Not all REITs grow..

Some reits do actually contract from loss of tenant AND lower rental reversion.. those with poor asset..

Yes it is.. everyone got their own opinion.. not every1 can be right all the time.. but at least REIT holders are informed of the pros and cons..

1. Yes, but there is a lag time..ie not instant
2. Yes can become slightly higher or lower, but it depends on assets not MGS
3. If MGS goes down, REIT yield will usually go down .. look at 2011-2013 where MGS is falling until <3%
4. MGS yield is determined by market factors and most important BNM OPR rate.

Just two words.. tenancy and rental revision and yield...

Maintain high tenancy = good, reducing tenancy = no good
Rental revision = >Inflation = good, negative = no good

Good stuff >6%, No Good stuff >7-8%

expansion plans does not matter too much.. for now, it will eventually be diluted (with PP or RI) like Tropicana mall..

This post has been edited by gark: Oct 3 2015, 10:53 AM

Waiting for price correction..

Only 1... and that is because i bought it cheap previously..

Recently disposed no 2...

Sure you waited long enough? Just only in 2009, all REITS were selling at >10% yields..

This post has been edited by gark: Oct 4 2015, 08:52 PM

Just take a peek at the FD thread, so many in fact almost all banks are offering 4+% interest rate deals. How resilent you think the 5+% REITS is gonna last?

This post has been edited by gark: Oct 4 2015, 08:56 PM

Not for reits... busy buying us etfs at the time..

You can try look at SGX, some reits is approaching 10% due to recent correction..

But SGD now very expensive...

Hahaha... RM can ever recover vs SGD meh? Even recover also for short term only...

Even before this recent sharp drop, I have policy of keeping some of my assets in SGD after I studied the SCARY long term chart..

Chart below is until 2013 only, we all know what happened in 2015..

When I first start converting SGD is less than RM 2.. and only stopped recently when SGD touched 2.8..





This post has been edited by gark: Oct 5 2015, 09:47 AM