Opening of application 04 Sep 2015
Closing of application 15 Sep 2015
Balloting of application 18 Sep 2015
Allotment of IPO shares to successful applicants 25 Sep 2015
Tentative listing date 29 Sep 2015

IPO can apply before launch one ma.
This is reit: real estate investment trust. Go have a read, something good to know about especially if u new and want some stability with pretty good yield.

Yep, that is the listing date.

Wait for next IPO. No point regret. Apply also not necessary will be allotted also. Be happy!

Yes, just closed today @ 5pm
When one door closed, another door will open
Just wait for next IPO

Research report by Kenanga


Attached File(s)
 Kenanga_Al_Salam_Reits.pdf ( 166.77k ) Number of downloads: 59

Al-Salam Real Estate Investment Trust

Fair Value: RM 1.12

Diversified Islamic REIT Main Market Listing

THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Not Rated
Thiam Chiann Wen Tel: +603-2167 9615 cwthiam@ta.com.my www.taonline.com.my

Background

Al-Salam REIT is a diversified Islamic REIT, which invests in various Shariahcompliant
assets including commercial, retail, office and industrial assets. It has
an initial portfolio of 31 assets with total asset value worth RM903.1mn. These
assets are Menara KOMTAR, @Mart hypermarket, KFCH International College
and KOMTAR JBCC, which is a new retail mall in Johor Bahru city centre, and a
chain of KFC and Pizza Hut restaurants and other selected industrial assets.
Refer to Appendix A for details of the assets.
Scheduled to be listed on 29 September 2015, Al-Salam REIT will be the 4th
Shariah-compliant REIT listed in Malaysia. Based on the IPO price of
RM1.00/unit, Al-Salam REIT’s market capitalization will be RM580.0mn. The
trustee, Amanahraya trustee, on behalf of Al-Salam REIT has entered into SPAs
to acquire properties from the vendors for a purchase consideration of
RM903.1mn, which will be satisfied via the issuance of 327.6mn consideration
units and cash consideration of RM575.5mn, which will be funded from listing
proceeds and Islamic financing facilities.
Figure 1: Trust Structure
Source: Prospectus, TA Securities
IPO Structure
Al-Salam REIT’s IPO consists of institutional offering and retail offering, totaling
up to 252.4mn new units – see Figure 2. The Sponsor, JCorp, will eventually own
a 56.5% stake in Al-Salam REIT post IPO exercise- see Figure 3.

ask him to KOOL DOWN !! -- NOT TO BANGG his head to the COCONUT TREE !!

( Please drink 2 bottles of ROOT BEER )

after reading some write up on this AS SALAM REIT >> NOW me want TO HANTAM @ Wallappp

this AS SALAM ON LISTING 29 SEPTEMBER , sure HOT one ....

the other REIT under J CORP AL AQAR - now SOLID around RM 1.50

( after dividen around 10 % >> RM 1.40 ) ,

after all mostly all REIT is around RM 1.50
[SIZE=7]

You are a good promoter. Investment bank should hire you.

you're good

Not IBs
Instead, those promoters of IPO

Yea. wasted of him spending his time with us.

NO,... he will accumulate good karma helping us.

thanks for the moral support , my fren

good KARMA trigger LUI $$$$$$$$

True. Should say thank you to him.

I think this IPO thread will be be so fun without you. Your TP really make our day. Thank you for your participation.

Lui should not be the ultimate objective of having good karma. Lui is only for worldly needs. Lui is the root of all evils.

I hoped to accumulate good karma too, my friends,....

'HUKUM KARMA'.

KOOL IT , BEBI....NO ENVI@ Dun be jeles !! please !

Cool! I started to like what you wrote if you can control a bit. Pls do not insult people.

Probably because what happened to Malakoff they lowered their valuations