Yup

Okay. Got it in CIMB now.

Mine not in yet

Mine not yet too

real estate boleh lagi ke?

Date of Listing 29 Sep 2015
Enlarged Issued and Paid Up Share Capital In the following
Units 580,000,000
Currency Malaysian Ringgit (MYR)
Par Value ($$) Malaysian Ringgit (MYR) 0.000
Stock Code 5269
Stock Name ALSREIT
ISIN code MYL5269TO004
Board Main Market
Sector REITS
Do you wish to list any child stock / new type of securities in conjunction with the IPO? No

Al-Salam REIT to grow on strong portfolio

• The Malaysian Reserve
• 28 Sep 2015
• By JEREMY TAN





JOHOR Corp’s (JCorp) Islamicbased real estate investment trust (REIT) Al-Salam could see its strong growth potential materialise given the potential upside to the rental rates of its Komtar JBCC Mall.
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Local brokerage Inter-Pacific Research Sdn Bhd stated the current rental rate of the property is at an average of RM5.63 per sq ft (psf), noting that in C H Williams Talhar & Wong’s property market report, prime rental rates in Johor Baru average RM27 psf.

It added the shariah-compliant REIT’s sponsor, JCorp, has an asset reservoir that affords further acquisition opportunities for Al-Salam.

“The potential future assets have a market value of RM800 million and almost one million sq ft in net lettable area,” said Inter-Pacific.

The research firm noted Al-Salam will be a beneficiary of Malaysia’s strong retail and food and beverage service sector prospects, as local retail sales are forecast to inflate to RM190.5 billion next year from RM168.7 billion in 2013.
“This shows a compounded annual growth rate of 4.1%, while sales for consumer food service is expected to increase to RM38.9 billion in 2016 from RM33.3 billion in 2013,” Inter-Pacific stated.

Al-Salam’s current property portfolio comprise of Komtar JBCC Mall, Menara Komtar, @ Mart Kempas, KFCH College and multiple quick service restaurant properties, bringing its total asset value to RM903.14 million.

Inter-Pacific stated the occupancy rates for the REIT properties have always been stellar; Komtar JBCC’s occupancy rate currently stands at 89% with Al-Salam optimistic that this will climb to at least 91% next year.

The brokerage also noted Al-Salam has a favourable yield in comparison with other shariah-compliant Malaysian REITs.


This post has been edited by SURE ANGPOW: Sep 28 2015, 12:59 PM

Now number of lots already showed up.

Yup, number of lots oledi showed up

J CORP Al-Salam REIT to grow on strong portfolio

• The Malaysian Reserve
• 28 Sep 2015
• By JEREMY TAN

Final countdown begins.....

all the best to you tomorrow. I skipped this ipo

Tomorrow sifu tell what the opening price ok, I will que buy what price sifus sell

please change your photo , carry NO ONG.....!

Opening price ? My bet RM 1.38 ( Mercury Securities RM 1.20 )



The brokerage also noted JCORP's Al-Salam has a favourable yield in comparison with other shariah-compliant Malaysian REITs.

wah opening @ 1.38

Now I regret big time. *sigh

Nvr too late coz u can q to buy tmrw

I'll shall see. Knowing REITs do not really move too much at the open, might consider tomorrow...

Many Reit around RM 1.50 ....

The broking firm also noted JCORP's Al-Salam has a favourable yield in comparison with other shariah-compliant Malaysian Reits .

Less than 10 hours to go...