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 Tiong Nam Warehouse REIT, Another REIT in the pipeline

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TSwil-i-am
post Oct 5 2015, 01:23 PM, updated 8y ago

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Tiong Nam Logistics Holdings Bhd (TNLHB) will spin off its warehouse into REIT in 2H2016
Below is the key features:-
a. REIT could have market cap of RM1 bil
b. TNLHB will retain 40% in the REIT
c. Offer DY of 7%
d. TNLHB may or may not distribute dividend in specie to shareholders
e. Managed 78 warehouse


nexona88
post Oct 5 2015, 01:30 PM

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parking laugh.gif tongue.gif
ILoveLalat.net
post Oct 5 2015, 01:31 PM

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Interesting, so its not the usual office, mall, residental REIT but lists its warehouse assets. That is the first kind I heard.
gark
post Oct 5 2015, 01:34 PM

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QUOTE(ILoveLalat.net @ Oct 5 2015, 01:31 PM)
Interesting, so its not the usual office, mall, residental REIT but lists its warehouse assets. That is the first kind I heard.
*
Lots of reit got WH lah... tongue.gif

Atrium.. Axis.. tongue.gif
gark
post Oct 5 2015, 01:34 PM

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QUOTE(nexona88 @ Oct 5 2015, 01:30 PM)
parking  laugh.gif  tongue.gif
*
Ask angpow come promote this.. tongue.gif
nexona88
post Oct 5 2015, 01:36 PM

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QUOTE(gark @ Oct 5 2015, 01:34 PM)
Ask angpow come promote this..  tongue.gif
*
no worries. when open, confirm he would promo laugh.gif tongue.gif biggrin.gif
ILoveLalat.net
post Oct 5 2015, 01:41 PM

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QUOTE(gark @ Oct 5 2015, 01:34 PM)
Ask angpow come promote this..  tongue.gif
*
When the time comes, I think he go all out for it. brows.gif
gark
post Oct 5 2015, 01:44 PM

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Actually hor.. for WH.. 7% is a bit on low side.. for a hodge podge / rojak of 78 warehouses.

In comparison..

Atrium with 4 solid WH in Klang Valley is yielding at 8.6% now...

I SKIP* tongue.gif

This post has been edited by gark: Oct 5 2015, 01:45 PM
nexona88
post Oct 5 2015, 01:48 PM

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QUOTE(gark @ Oct 5 2015, 01:44 PM)
Actually hor.. for WH.. 7% is a bit on low side.. for a hodge podge / rojak of 78 warehouses.

In comparison..

Atrium with 4 solid WH in Klang Valley is yielding at 8.6% now...

I SKIP*  tongue.gif
*
well maybe the final one higher yield sweat.gif
wodenus
post Oct 5 2015, 03:59 PM

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QUOTE(gark @ Oct 5 2015, 01:44 PM)
Atrium with 4 solid WH in Klang Valley is yielding at 8.6% now...


Old news.. was yielding 8.6%, barely 7% now.. 4 WH but one vacant, DHL moving out next year, so confirmed next year will be two vacant.

gark
post Oct 5 2015, 04:13 PM

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QUOTE(wodenus @ Oct 5 2015, 03:59 PM)
Old news.. was yielding 8.6%, barely 7% now.. 4 WH but one vacant, DHL moving out next year, so confirmed next year will be two vacant.
*
Atrium have 4 x dividend per year. Calculation is based on LAST 4 dividend (per annum) not on future dividend which is up to your analysis.

Atrium : Yield Uses DPU = 1.8 sen (Dec14) + 2.2 sen (Sep14) + 3.6 sen (Jun15) + 1.7 sen (Mar15)

This post has been edited by gark: Oct 5 2015, 04:16 PM
wodenus
post Oct 5 2015, 04:27 PM

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http://www.themalaysianinsider.com/busines...eit-ipo-in-2013

This post has been edited by wodenus: Oct 7 2015, 10:44 AM
yahiko
post Oct 5 2015, 04:55 PM

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parking
SUSPink Spider
post Oct 5 2015, 06:05 PM

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I also wanna parking here brows.gif

Wait...

TS...sos mana??? mad.gif vmad.gif

This post has been edited by Pink Spider: Oct 5 2015, 06:05 PM
nexona88
post Oct 5 2015, 06:21 PM

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QUOTE(Pink Spider @ Oct 5 2015, 06:05 PM)
I also wanna parking here brows.gif

Wait...

TS...sos mana??? mad.gif  vmad.gif
*
sendiri punya flex.gif blush.gif
Vincent9696
post Oct 5 2015, 06:25 PM

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Parking here too...
TSwil-i-am
post Oct 5 2015, 06:53 PM

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Source of info from The Edge weekly
gark
post Oct 5 2015, 07:07 PM

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QUOTE(Pink Spider @ Oct 5 2015, 06:05 PM)
I also wanna parking here brows.gif

Wait...

TS...sos mana??? mad.gif  vmad.gif
*
Insaf lah.. >50% reit holding is not healthy.. laugh.gif
ohcipala
post Oct 5 2015, 09:34 PM

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Parking too
ShinG3e
post Oct 6 2015, 05:46 PM

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reverse parking first.

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