Go up ? You are really greedy. You are lucky if it just drop 2 sen

Today close at 1.37 mar...

Ex...tomorrow should open at 1.33 or 1.32...

If I see it go up by 2 sen, sell a bit to raise a bit more ammo

I thought you say 1.38, 1.39

Itu...lagi sedap dari seeing Jibby kena sebat

With RM depreciation, property price will be looked more cheaper in term of newer foreign investor pov.

Once stock price of reit dropped down to higher yield range (like more than 6~7%), it actually look attractive for foreign investors.

Reit will become not attractive if USD carry yield more than 2-3%, which the chance is remote.
US rate hike won't go more than 1% range considered inflation is beneath due to commodities price slump and inflation figure staying low.

If US rate hike more than 2-3%, it just suggests that inflation start to become an issue, by then it just means commodities price going up already.
Commodities price going up, it just means property price may go up as well.
Property price up, reit valuation up.

There is always got positive and negative factor that falling in between. Not totally one sided.
With currency depreciation, hard asset is always preferred, and reit is one of kind of hard asset, the more important for reit is their portfolio has good premium property that always high in demand.

whats wrong with mqreit?

market sentiment

BUY

not low enuf

108 lor then

not now..hehe

Already ex-div, so currently less attractive, need to wait for another 3 months.

MQREIT is half-yearly divvy...so need to wait 6 months

Another (half) REIT announced dividends...KLCC Stapled Group...

Earnings improved, but revenue dragged down by weakness in hotel operations

Atrium declared Dividend of 3.6 cents in 2Q15
On annualized basis, its DY @ 9.38% (b4 wht) or 8.44% (after wht)

gone case REIT

You can't count like this.

There is one off disposal gain that contributed the higher than normal operation DPU.
Operational rental income has dropped from 3.7 mil last year Q, to now 2.6 mil.

If you stripe out the one off disposal gain amounted 4.2 mil, the DPU only around 1 cent only. (

Somemore another 1 property lease is expiring soon.
So future DPU may be in risk at lower side, until new tenant being secured on the vacant property.

That's the reason why I sell off my holding on Atrium at RM1.2x.

From an investment perspective at current price of RM1.13. Upside potential RM1.30+ fully tenanted in best of market sentiment. Downside prospect ?

Total 4 properties.

1) Atrium Puchong vacant. DHL moved to own newly built mega facilities in SA.

2) Atrium SA2 (Ceva). 4 months lease expiring next month Sept 2015. REIT with such short lease means what? Customer leaving for other places soon ?

3) Atrium SA1 (DHL) lease expiring end 2016. Will DHL renew lease or move to own facilities in SA neaby like DHL puchong?

4) Atrium USJ the smallest is tenanted with 3 different customers, lease expiring between end 2015 - 2017.

Is leasing industrial size properties as easy/simple as renting a terrace house or apartment ?

Going to be an epic challenge in 2017 for Atrium if they are left with only Atrium USJ tenanted and 3 other non-performing properties to service interest on loans.

Means from hereon, downside prospect can worsen till 2017 when it,s trading at <RM0.30 ? All the DPU you get cannot cover the hugh capital loss.

Good thing Atrium don,t have institutional investors, else they would have been sold down long ago. If I still have Atrium shares, I would take the opportunity to sell next week to some blur retail investors who don,t bother to do any research beyond reading the Bursa announcements.

Mind to share the basis of RM0.30?

It won't trade below RM0.30 lah.

Even all property have difficulty to be leased out, worst to worst, liquidate all the properties and return the cash to shareholders.

The reit NAV stood at about Rm1.30, even fire-sale the property at 30% discount, you still have around Rm0.90 worth per share.
Properties itself still have their own worth.

Er, in 2008/9 it traded about RM0.60 fully tenanted with just a potential risk on Atrium SA2. Nothing academic here, just illogical market sentiment which is part and parcel of the market. Inversely, how much would it have traded if all properties were vacant except one?

2017 is also about whence the next major stock market cyclical correction can occur - about every decade (give or take a couple of years).

It takes time to liquidate all the properties - meanwhile your $$ is locked with no income when opportunities abound elsewhere( stable DPU should be the only consideration for REIT ).

That's why the ? in my sentence.

P.S. would you buy at RM0.90 without DPU ?

This post has been edited by bullchips: Aug 9 2015, 03:40 PM