Did you buy any unit for this counter? Last time i did try to pikat UOA but failed as no one want to sell ... but really like this counter lar

i am serious this time to go into reits

So cherroy sifu any tips to buy this counter? what acquisition is that?

This post has been edited by darkknight81: Nov 11 2009, 03:30 PM

i just got couples of lots.

Office building.

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 ?

UOA IMO is a has been. It was doing good previously but lately other REITs has better performance rating.

Check out Lipper table in The Edge.

Xuzen

Fixed!

BTW, get well soon.

Do you mean Tower Reits ?

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.

Jordy,

Thanks a lot. I din follow reits for quite sometimes What you said is correct i have observed on the NAV. But regarding the dividend i really don know about that thanks for your reminder. I will find out more from the financial report. One thing i like UOA is that diversifying into office and hospitals.



Can you explain why there were no seller for this counter?

From this article it shows that the recent net profit rise of 25%

http://www.theedgemalaysia.com/business-ne...ofit-up-25.html



My apoligy on this it should be the acquisition of UOA on another office building.

This post has been edited by darkknight81: Nov 12 2009, 08:16 AM

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.

Tower Reits own Grade A office buildings, within the golden triangle. occupancy rate is more than 80 percent wtih more than 8% yield. Not the best though, but overall is above average.

Just checked in AMFIRST at 1.06.

Why no sellers? Check the lowest price for the counter and look at the volume. I bet that a lot of them have bought UOAREIT at 0.90 - 1.10 range. So they are enjoying yields of about 9%. Why would they sell then?

rayloo,

Stocks at a discount to their NAV is not always a good thing. As what cherroy mentioned, our main priority is the yield we are gaining as we are investing in REITs for its stable dividend.

Sorry to say that i don care what ever NAV.... it is only on paper....and ppl can adjust the value ...in other words it is man made one....

I only care how much they can pay me back in return of my investment

Any way i will not simply take a move as it is my final bet. No more bullets already...

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Added on November 12, 2009, 9:36 pmYup cherroy spoken what i am thinking of

This post has been edited by darkknight81: Nov 12 2009, 09:38 PM

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.

rayloo,

First of all, what do you understand about Tower REITs' properties? Like other stocks, buying REITs is all about research and understanding what you are investing into, and also knowing what your potential growth areas are. How has Tower REITs convinced you that their business is growing?

Any links on comparison among the reits like the debts ratio, PE, DPS, ?

Rayloo, maybe you have to consider type of properties e.g. office ? warehouse? hospital? is it one type of properties or combinations of few? as you know some properties will get hit harder during economy crisis...some might not even collect their rental...thats y last time i enter into atrium at 0.66 sen then after considering the difficulty of renewal tenants and also collection of the rental i decided to withdraw as i cannot stand the risk i feel unsecure after buying it

Suggestion only. I am new in reits too

The biggest mistake i made was buying axreit at RM 1.00 and i sold it off at RM 1.20 AFTER sawing it going up in just a week....At that time i should buy more instead of selling off all my axreit...Axreit is a good reits too.

This post has been edited by darkknight81: Nov 13 2009, 08:16 AM

I have made enough studies before I put my bloody money into it. Tower Reits mainly in office buildings which are grade A office lot within The Golden Triangle. Yes, inevitably the occupancy rate is highly vulnerable to economy performace especially current situation. Heck, are we not buying at the bottom price ? Further more, during current economy crisis it still managed to secure more than 80% with more than 8% return. Just one thing I don't like, it has no dedicated website providing sufficient information about their development. I have to dig it elsewhere.

Comparing to others, I think risk is even more higher. Like Atrium the revenue is highly depend on 2 or 3 tenants only. Starreits I think most tenant are their sisters company, which I think is not healthy. Also some in retail sector owning few shopping malls but which I think it is more profitable if a shopping mall can attract foreign consumer or high end market like Gurney Plaza, so I am waitng for CapitaLand to list. I have to admit there are other good counters, but the price is a bit high at the moment.

Tower Reits is not the perfect one, if I really want to go in Reits, Tower Reits is my starting point.

Actually we need reit themselves to provide more tansparency especially on tenants lease issue so that we as investors can prepare for the risk. I like what axreit had done fully stated when which year their contract with tenants will expire.

Atrium is leasy diversify, at least we are clear what its situation.

Sadly to say, if not mistaken, capital land IPO has been postponed.

Any website that we can see the comparison among the reits? pls advice