that constitute 66% of my nett worth or 2/3

Ouch, two-thirds is too much for me to risk in a single asset class. Personally, I think I'll only dare to put at most one-third of my net worth in REITs, with the rest in unit trust funds, bonds, actual property of my own etc. But more power to you for your bravery!

mine also around 60% plus.

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Added on June 23, 2009, 9:55 amTuesday June 23, 2009
YTL to subscribe to Starhill REIT units

PETALING JAYA: YTL Corp Bhd will subscribe for up to 75% of the total rights units issued by Starhill Global Real Estate Investment Trust (REIT) under its proposed one-for-one basis.

In a statement to Bursa Malaysia yesterday, the company said it had entered into a sub-writing agreement with DBS Bank Ltd, Merrill Lynch (Singapore) Pte Ltd and Credit Suisse (Singapore) Ltd for the purpose.

Starhill Global REIT, which is listed on the main board of Singapore Exchange Securities Trading Ltd, has proposed to issue 963.72 million new units at issue price of 35 Singapore cents per unit.

As at June 22, YTL Corp has an aggregate deemed interest in 256.1 million units, representing about 26.6% stake in Starhill Global REIT.


buying stareit will get expouse to starhillglobal?

This post has been edited by ante5k: Jun 23 2009, 09:55 AM

I've been thinking... if REITs can pay out a high portion of their earnings, then why can't KLCCP also do the same? KLCCP dividend's yield is so pathetic. Does any1 know why?

If i'm not mistaken, REITs have to distrubute about 98-99% of its earning to be exempted from tax, better check the REIT listing guidance and other materials.

In my opinion, REITs and companies are different, companies need cash for working capital and run its business while REIT doesnt need cash to run its business, it only needs cash to buy more properties for investment purposes.

This post has been edited by Gundam Wing: Jun 28 2009, 03:56 PM

KLCCP..diff business model...

in a way, its also a developer ,like now its developing a parcel of land in KLCC.
It also runs a parking management business.

I feel its like a hybrid of typical developer & REIT
i like KLCCP too.

Buying REITs is just like you owning a property and rent it out, because that is their business model. KLCCP as assambuffet mentioned, is a property developer. They do not buy a property and hold them for passive income. They need the cashflow for their future development projects.

at last Hektar climbed an inch to sell averagely at 90.5cents.

There is a talk on reits at Cititel, Penang from Axreit CEO Stuart Lebrooy by OSK. Anyone attending?

http://www.osk188.com/spots.jsp?name=broadcast_REIT_240609

wil try to cal osk tmorow 2 see if theres still place for a non osk customer he he he.. ..TQ

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Added on July 3, 2009, 5:50 pmcalled, n im attending it tomorrow.

This post has been edited by asambuffett: Jul 3 2009, 05:50 PM

not attending but last 2 weeks i attended "Opportunities in Foreign Market" by OSK...

near 200 attendees all chinese only 3 Indian but none Malay

c u there then.

Hi all,
3-July-09, There is an interview with CEO & CFO of GLM and their insights on Tower REIT.
Follow this link --> http://www.horizon.my/2009/07/tower-reit-m...a-prime-office/

"For Menara HLA, Hong Leong Assurance Bhd’s front office will be moving to their newly purchased building in PJ City along the Federal Highway by the end of the year. We have appointed a leading marketing agent to source for a new tenant for us."

Seems Tower REIT still haven't secure new tenant. Their Price/NAV (63%) is the lowest among REIT.
Is it good to collect for long term consider can buy now at big discount to NAV?

Appreciate your comments. Thanks!

REIT prices have been appreciating bit by bit these past couple of weeks, even while the rest of the market has been mostly motionless. I'm quite annoyed because I've been wanting to build up my stake in them. I suppose all of the news analysis that the recent rules changes will benefit REITs the most hasn't helped.

if is for longterm & dividend earning, every level also can accumulate, of course the lower the better.
eventually the income distribution will cover your cost i believe.

If capitalland reit is listed, we will have another option.

But its listing is not yet confirmed.

REITS are generally low beta stocks meaning they don't fluctuate very much so when market is diving, most traders will transfer to REIT. The best time to accumulate is after dividend. For me, i am as long as it is about the range of my average, i will accumulate.

The awareness for REIT is generally increasing with trading houses like OSK and RHB conducting seminars for them. Hopefully this will result is more trading volume.

Yuh, Sunway City and CapitaLand Ltd of Singapores will seek listing on Bursa Malaysia in the next few quarters..... Backed by RM3.7bil worth of assets, SunCity Reit will possibly be the largest reit in the country whereas CapitaLand initial asset size will be RM2bil.

The proposed listing of the two Reits was initially planned for this year but had to be deferred due to the weak stock market conditions following the global financial crisis.

Source from StarBiz, yesterday.

So keep some funds for those that likes reits including me lo...........

all the REIT i wanna accumulate seems to be running away!!!

now i focus on mid cap stock la..

atrium reits - RM0.70