REIT, real estate investment...
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 May 27 2009, 08:28 AM
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#121
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Senior Member
3,944 posts Joined: Jul 2008  
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QUOTE(georgechang79 @ May 27 2009, 07:18 AM) Anyone interested in AMFIRST? Eyeing UOAREIT, AXREIT , QCAPITA.....Alll so stubborn.... keep on waiting...Price now is 0.88 from previous high of 0.945 and lows of 0.82. Dividend Yield 10.299%  |
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May 27 2009, 01:35 PM
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#122
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Senior Member
3,944 posts Joined: Jul 2008
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Queing UOAREIT at RM 1.09 , 1.08 anyone eyeing this counter?
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May 29 2009, 10:10 AM
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#123
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Senior Member
3,944 posts Joined: Jul 2008
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Any one got update regarding atrium? regarding ceva logistic issue?
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May 29 2009, 01:00 PM
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#124
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(fergie1100 @ May 29 2009, 11:43 AM) this shud b the latest news frm BURSA site Then why atrium does not move much compare to other reits? Any other bad news?» Click to show Spoiler - click again to hide... « |
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May 31 2009, 10:54 PM
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#125
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(Jordy @ May 29 2009, 09:26 PM) It is not worth for me because I aim to achieve at least 9% net yield. I beliv all the reits have low liquidity issues... and they have secure the ceva logistic tenants for the next 3 years ....ATRIUM has liquidity issues and it has always been a quiet counter. Investors rather wait and see what they can do to improve the company portfolio rather than throwing money in to see another Ceva case. I beliv the current price weakness for atrium are due to their single portfolio of their properties... which is in warehouses only... .if economy turn worst ... whixch means all import and export will be affected... so can they still renew thweir tenant which are going to due next year....But at least i know 1 out of 4 properties tenants already renewed and with higher rate compare with last time from ceva of approximately 40k extra per month.......However.Risk is there for atrium... but i made up my mind to enter 1100 lots of atrium at 0.64 and 0.645 sen last friday... one of the reits fans now  with dividend of 8 sen ... the DY is 12 - 13% ....but not sure can sustain or not in future as worries for their 3 properties tenants which are going to expire next year..... |
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Jun 1 2009, 07:49 AM
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#126
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(Jordy @ Jun 1 2009, 04:25 AM) 1100 lots? You bought that many? Er....my 1 lot = 100 unit the new regulation so is roughly about 70k  I'm holding only 10 lots bought last year, which I don't think I'm going to add unless they diversify. I am only aiming to accumulate more AXREIT or UOAREIT. Only 1.6 cents this time around? Well this is really going to dampen investors' confidence. Yup of course UOA and axreit portfolio look healthier thus their pricing also don show much weaknesses....i understand the risk for atrium...with current yielding of 12 - 13 % it look quite attractive for me ... and i beliv by only holding 4 properties currently it will be not difficult for them to manage and renew their tenants i beliv...with NA per unit of 0.96 sen....Their debts level is quite low and i beliv they are planning for further expansion... |
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Jun 1 2009, 09:43 AM
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#127
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Jun 1 2009, 10:12 AM) 1.6 cents is without part of Ceva rental contribution, which is expected ahead in the market, that's why its price from 80+ cents to 60+ cents. Thanks Cherroy. In normal day, reit shouldn't have 10+% yield. The 10+% yield is current discounting some of difficulty that reit company might be facing like difficult to renew lease, softer properties pricing etc. Less diversificaiton of Atrium is the major disadvantage. agree with you. FYI atrium has the lowest Debt to equity ratio among the reits axis 51% atrium 22% hektar 75% starhill 43% QUOTE Wednesday, February 4, 2009 ATRIUM Real Estate Investment Trust has recorded an unaudited net profit of RM17 million compared to the forecasted income after tax of RM10 million as shown in the prospectus dated February 28 2007. The RM7 million deviation were contributed mainly by revaluation surplus gained from the revaluation of the investment properties of RM6.8 million and net savings in operating expenses Does that means the 7million increase in net profit was due to the paper gain from revaluation of their properties? As you can see the net profit does not drop and the DIVIDEND has been reduce.... i suspect they might use the cash for acquisition.... as i know they had attempt to acquire few asset before but fail This post has been edited by darkknight81: Jun 1 2009, 09:57 AM |
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Jun 3 2009, 12:20 PM
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#128
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Senior Member
3,944 posts Joined: Jul 2008
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Need somebody to clarify on the oustanding rental payment of ceva logistic to atrium. Anyone got info about this?
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Jun 4 2009, 07:38 PM
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#129
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(Neo18 @ Jun 4 2009, 06:04 PM) Been buying lots of ATRIUM last 4 days. Yup agree with you manage to get 50000unit x ave 0.642 !!! from, fundemental point of view, this counter has HUGE upside potential. From TA point of view, Selling Q is dying down. i c this counter is about to break up to 0.74, which is inline with other MREIT, because other REIT is about 30% from it's NAV. While @ 0.65, Atrium is trading @ 40% discount from NAV  13% DY !!! * SINCE ceva case settled already... One more thing...atrium reits is buying its own unit that means future yield should be attractive and atrium will receive their own dividend through its holding of atrium....I bought 108000 units in one day time average 0.644 PER UNIT. last friday This post has been edited by darkknight81: Jun 4 2009, 07:39 PM |
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Jun 4 2009, 10:16 PM
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#130
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(protonw @ Jun 4 2009, 10:53 PM) Hai ya, why you guys bot done only said, I keep q-ing for 0.63 all these days cannot get. Apparently you two have q in front of me la. I only have 8000 units at .63 bot in may 25. Will keep queing and think got to raise the buying price before the ship sail. TA - Technical analysis#Been buying lots of ATRIUM last 4 days. manage to get 50000unit x ave 0.642 !!! from, fundemental point of view, this counter has HUGE upside potential. From TA point of view, Selling Q is dying down. i c this counter is about to break up to 0.74, which is inline with other MREIT, because other REIT is about 30% from it's NAV. While @ 0.65, Atrium is trading @ 40% discount from NAV# By the way, what is TA that you mentioned here, sorry another dude  I din queue actually... i bought all the sale queue |
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Jun 5 2009, 08:13 AM
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#131
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Senior Member
3,944 posts Joined: Jul 2008
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Lol sometimes queue also cannot get it . if the price is alright for me i will prefer buy it straight away than let that opportunities run away
 Cherroy are you going into atrium? This post has been edited by darkknight81: Jun 5 2009, 08:14 AM |
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Jun 5 2009, 04:48 PM
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#132
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Senior Member
3,944 posts Joined: Jul 2008
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atrium 0.66 now anyone buying in today?
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Jun 6 2009, 01:29 AM
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#133
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Jun 6 2009, 12:10 AM) Don't know yet, currently priority on Tanjong, Qcapital, Axreit, Stareit first then may be can't get them or got extra fund nibbling a bit on Atrium. I am comfortable to buy more on Axreit, but Atrium is a bit cautious due to lesser diversification. 4 reasons i chose atrium1. 40% discount of the NAV (rm 1.00) which means if market recover i may have capital gain of 0.36/0.64 = 56% 2. Since the ceva logistic issue has been settled and rental rates being marked up ... if everything did not go wrong i beliv the next quarter dividend can maintain at 2.2 sen which means 13.3 % DY....WHICH is 3.3% highwer than most of the reits now with DY 10%...If everything go well i will get back my capital within 7 years time from dividen alone RM 70,000 / (22x108x4) = 7.36 years.... i can use that amount of dividend to reinvest into other counter or reits.... 3. Debt to equity ratio the lowest among the reits 22% only ... so it is easier for them to makwe new acquisition... 4. Yup of course diversification is the main weaknesses of atrium... but i beliv management play more crucial role in terms of renewing their tenants which are going to expire soon or looking for potential acquisition This post has been edited by darkknight81: Jun 6 2009, 01:32 AM |
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Jun 6 2009, 12:14 PM
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#134
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(Muliku @ Jun 6 2009, 01:01 PM) hi am new to reit, i beliv hektar dividend is not the highest... i beliv atrium reits DY are higher than hektar but the properties portfolio are shopping centre which are lower risk compare to atrium. I am planning to buy atrium and use the high dividend to accumulate other reits E.G. axreit, hektar, UOA, Qcapita...just nibble some hektar with highest dividend but also high debt. anyone with hektar can help comment? maybe should swap to axreit or atrium? thanks all these reits are not bad. Y need to swap to other reit? what is your buy in price for hektar? |
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Jun 6 2009, 06:39 PM
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#135
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(Muliku @ Jun 6 2009, 07:22 PM) thanks but i read in this blog: http://mreit.blogspot.com/ From the chart you are right as the DY depends on the pricing you bought in. For my atrium i bought in at average price of 0.644 roughly include (online trading brokerage fee). Atrium normally quarterly dividend about 2.2 sen but last quarter its dividend only 1.6 sen due to the rental not collected from ceva logistic. But as i mentioned since the ceva logistic tenants being continue so in future the dividend should be around 2.2 sen. So. showing hektar at estimated 10.6% dividend yield, axreit at 10.4%, atrium 9.9%, uoa 9.8% most are showing a yield drop from earlier in the year eventhough they maintain profitability, any idea/comment here? hektar my buy-in price quite high at 0.905 before last DPU, guess should be added when she dipped agreed these numbers are still much better than FDs 2.2 sen x 4 = 8.8 sen per unit 0.088/ 0.644 x 100% = 13.66 % dividend yield. As you see from the chart the dividend yield is projected base on dividend of 1.6 sen per unit. |
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Jun 7 2009, 09:09 PM
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#136
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Senior Member
3,944 posts Joined: Jul 2008
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After reading annual report on hektar i think its properties portfolio is not bad also
If you have the patient to hold... reits certain can give you both capital gain and good yield .... |
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Jun 8 2009, 12:12 PM
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#137
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3,944 posts Joined: Jul 2008
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Thats y i think reits with smaller size is easier to manage for the management in terms of renew its tenants.
Just enter 10 lots of hektar at 0.905 |
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Jun 9 2009, 08:00 AM
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#138
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Senior Member
3,944 posts Joined: Jul 2008
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FYI. Hektar has the highest debt to equity ratio of 75%
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Jun 9 2009, 03:16 PM
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#139
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Senior Member
3,944 posts Joined: Jul 2008
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QUOTE(cherroy @ Jun 9 2009, 03:15 PM) Because previously when global financial crisis or meltdown down or credit freezing time, risk of unable to refinance is pretty high which happened on a lot of overseas high gearing reit. Can they use their rental to service their loan? and reduce in term of dividend?If they cannot refinance the loan, or issued commercial paper/bonds etc to repay existing matured loan/bonds, the only way is to sell down the property at a distressed price. |
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Jun 9 2009, 08:43 PM
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#140
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QUOTE(cherroy @ Jun 9 2009, 04:44 PM) The issue of refinancing is not about servicing the loan, but repayment on the borrowing when due/matured. Ops sorry my mistake It is lump sum as Jordy mentioned. A lot of company does issue bonds, or undergo some term (like 3 years or 5 years) credit facility which when due they need to repay all in lump sum, generally, company will do refinancing to roll over the debts. But i wonder y reits will find hard to refinance their loan eventhough some of their debts level are high. as long as their business can sustained and able to service their loan or pay their bond to their bond holders....As long as the company fundamental still maintain strong should be not hard to find loan . |
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