today bought another 30000 unit of ATRIUM

Now i got a total of 244,000 unit of ATRIUM,
by calculation base on their asset value of RM80 million..

I have 0.25% shareholding in this company!!!

wow, this is the biggest shareholding i ever have in any company!!!

What I am trying to say is that don't just look at the "covers", look at the details. Do some simple calculations and analysis to see if the buildings are yielding reasonable income. In the case of ATRIUM, it has advantage and disadvantage. It could either have 100% occupancy, or 0% occupancy because its warehouses only house 1 tenant most of the time (except for one of its warehouses if I am not mistaken).

Good to see that  Atrium get back to 70 sens. hope it stand well and continue to march further.

on Feb 2009, it tried to cross 70 sens but failed.
over the past 5 months, it was hovering between 63-66 sens.

aiseh,

cannot regret one la.. don't trade stock with feeling.

learn from the lesson

They are in process/consideration phase for acquisition of one offerr being made, as far as I updated recently.

This counter very easy to sell but very difficult to buy, brcause buyer is always there but seller onlu occassionally pop up only.

i just got couples of lots.

Office building.

darkknight81,

I have posted since last year that the price is still high at the moment. The good price to enter would be below 1.05 as the dividend is very unstable (actually, on a down trend). That is quite worrying. So it's safer to enter low. Plus, the price has almost reached its NAV, which means the potential growth is lower.
They were discussing about UOAREIT.

If i not wrong UOA is considering an offer from third party to sell off their office building right?  Then indirectly it will affect the future yield ?

My personal opinion to UOA, it is a good reits, nice properties and promising yield. But the price is now standing at very high or at least close to its NAV. I believe our entry price decides our profit, hence the risk may be little higher to enter now.

No doubt UOA still good for holding long term, but why not consider others where you still can get similar yield but more discounted price ? Like Tower Reits now priced at RM1.13 while the NAV is RM1.59.

Just my 2 cents...

The most important is yield, next woud be its properties location/attractiveness.

Yes, buying discount on nav is a plus point, but I would rather have a property that locate at strategic location, no problem finding tenant, good rental instead of have a property difficult to rent out but at discount price.
Properties that cannot rented out is a liability.

No one has discussion about Tower Reits before, why not I start first. Wish to hear opinions from everone.

Tower Reits
P/E R = 4.94
EPS = 0.24
Market value = RM328,185,000
Total share = 280,500,000
Yield = 8.1%

UOA Reits
P/E R = 12.75
EPS = 0.10
Market Value = RM319,733,000
Total Share = 245,948,000
Yield = 7.71%

I think Tower Reits still a better buy. Please share if you have different idea. Venturing into Reits, need opinions from different aspect. 

Singaporeans had bad and bitter experiences in investing our properties.

Our laws changed soon after they took great pain to invest here.

I remember we had something like that way back to Year 1997 and before. Restrictions imposed bcos they " grapped" a lot of our cheap properties.

And now, RPGT again reappears, the actual tax rate is still very subjective. Nothing is wrong but might go against the original promises made.

That happens often in the Bolehland, for good or for bad.

Form your own judgments.

To be honest, I still prefer Malaysian REITS because they are more towards " cashflow " approach and do not tweak the accounting policies too much.

In actual fact, Singaporen REITs might not get the trusted backups from the bankers in term of loans  ( i mean cashflows ). Gearing is another issue.

I foresee cash calls from time to time.

You decide what s best for yourshelf.

I just share a little bit of what i know.

wanna ask expert here.buy REIT for DY or Capital appreciation. which is one is the best investment strategy in the long run(>3 years)

Yes, but generally reit take in more properties instead disposing it.

5% on gain is not a big deal to affect reit. The 5% affecting more in sentiment on properties trade & price appreciation instead a real hinder or significant negative effect on its own.

Real impact on reit is always about yield anf general properties market health.

jasonkwk,

Witholding tax is NOT refundable, as with the single-tier dividend policy. It does not matter if you are/are not in the tax bracket.

Actually the withholding tax in REIT of 10% is as good as final tax.

The thing I can think of why it is  NOT called the final tax in the first place bcos REITs have to  distribute at least 90%  of realized profit to unit holders, so they themselves  ARE tax exempted ( at the company level ).

Failing which, REIT would suffer the normal TAX as the other businesses ( corporation formed in Malaysia ).

Whether REITs could meet the 90% ? distribution, again depending on their  cashflows.

They need to plan the cashflow fairly well.

Again , you need STRONG support  and backups from the banks, since loans for Working Capital are on 5 years  or less short term. ALSO TAKEN FOR GRANTED THERE IS NO PROBLEM HERE.

If everything goes smoothly, then it is SAFELY taken for granted that the final tax is 10% ( also same as withholding tax ).

Sorry to confuse you. ALL.

REIT  ITSELF DOES NOT HAVE TO PAY TAX AT ALL.

But whatever they pay to you, 10% tax goes to the Government.

Anyway, the more we know , the more we do not know.

Sounds lagi complicated