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 REIT, real estate investment...

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Jordy
post Nov 4 2009, 09:29 PM

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HEKTAR has been paying 2.4 sen for a few quarters already, so it is not a surprise at all. So I don't see why it should fly tomorrow.
Jordy
post Nov 5 2009, 08:03 PM

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QUOTE(yang yang @ Nov 5 2009, 07:43 AM)
happy mah...fly in my expression is "up" lah sweat.gif
people entitle for their expression and freedom of speech  doh.gif 
can or cannot?  shakehead.gif

...and if u say cannot fly cannot fly lah..
maybe use "up " lah.  brows.gif
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people entitle for their expression and freedom of speech
Where in my reply did I stop you from practising your "freedom of speech"? Please point it out before accusing. Don't act like a kid and accuse without proof.
Jordy
post Nov 6 2009, 08:07 AM

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QUOTE(yang yang @ Nov 5 2009, 09:05 PM)
AMFirst , please annouce your dividen lah..  sweat.gif
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In fact, I am also eyeing AMFIRST. The results should be out either today or next week. If it's today, then I will miss the boat because my money is stuck. Well, we'll see how it goes.
Jordy
post Nov 9 2009, 09:57 PM

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QUOTE(kmarc @ Nov 9 2009, 09:15 PM)
How come Qcapita -3 cents?  cry.gif
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Most probably because the yield is not attractive at this level. The total dividend for this year could only be 7.5 sen, which translates into only 6%+. Therefore the price should dip lower to achieve better yield.
Jordy
post Nov 10 2009, 10:22 PM

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AMFIRST dividend is still disappointing. Well, at least it is still increasing. Perhaps the final dividend could go over 5 sen. Before that target is reached, it is still not worth to buy AMFIRST at this price.
Jordy
post Nov 11 2009, 08:58 PM

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QUOTE(darkknight81 @ Nov 11 2009, 02:54 PM)
UOA REITS 0 ppl queue for sellling  doh.gif

Plan to buy UOA reits at RM 1.2+ But my concern is :

1. Very low liquidity
2. This reit is very quite and so far no news on any acquisition.

So SIFUS here pls give your advice on this counter.  notworthy.gif
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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.

QUOTE(rayloo @ Nov 11 2009, 08:29 PM)
Do you mean Tower Reits ?
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They were discussing about UOAREIT.
Jordy
post Nov 12 2009, 05:45 PM

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QUOTE(darkknight81 @ Nov 12 2009, 07:56 AM)
Jordy,

Thanks a lot. I din follow reits for quite sometimes  laugh.gif 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.
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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?

QUOTE(rayloo @ Nov 12 2009, 09:36 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... biggrin.gif
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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.
Jordy
post Nov 12 2009, 10:20 PM

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QUOTE(rayloo @ Nov 12 2009, 09:57 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.  notworthy.gif
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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?
Jordy
post Nov 16 2009, 04:02 PM

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AXREIT has touched 2.00 smile.gif
Jordy
post Nov 16 2009, 05:06 PM

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QUOTE(jasonkwk @ Nov 16 2009, 04:08 PM)
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)
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jasonkwk,

If you want an investment for 3 years only, don't go for REITs. We invest in REITs for stable passive income as an alternative to property investment. Capital appreciation is just a bonus for us, but the long term goal is to get the best yields from our investment.
Jordy
post Nov 21 2009, 10:38 AM

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QUOTE(jasonkwk @ Nov 21 2009, 09:28 AM)
taken for m-reit.blogspot.com

I have one question as a resident individual, I am still not in one of the tax bracket, cause salary is too low. Can I get back the witholding tax?
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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.
Jordy
post Nov 21 2009, 04:33 PM

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QUOTE(cherroy @ Nov 21 2009, 03:36 PM)
Axreit acquired IDS warehouses
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I didn't even notice this news. Thank you cherroy. It is quite surprising that this news could cause its price to soar to a new high. I hope that these new acquisitions are attractive. Will be studying the announcement details now.
Jordy
post Nov 21 2009, 06:28 PM

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QUOTE(cherroy @ Nov 21 2009, 04:40 PM)
It is a long term lease (15 years), 90+ million cost of acqusition with 8 million annual rental income.
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cherroy,

After reading through the IDS building in Klang, this is what I got:-

Acquisition price: RM72 million
Rental income:
- 1st to 3rd year: RM6 million
- 4th to 6th year: RM6.6 million
- 7th to 9th year: RM7.2 million
- 10th to 15th year: At a rate to be negiotiated

Please correct me if I'm wrong.

Going by the 1st year rental rate, the yield would only be 8.3%, which is not attractive at all. The yield only starts to look attractive after the 7th year onwards.
Jordy
post Nov 23 2009, 10:13 AM

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QUOTE(ooyah98 @ Nov 22 2009, 12:45 PM)
Attached RHB Invest report.
"Positive on the acquisitions. We are positive on the two acquisitions due
to three key reasons: a) yield-accretive acquisitions. The two properties have
property yield of 8.3% compare to the company’s trading yield of 7.8%; b)
additional rental income. Assuming the acquisition will be completed by May
2010 (for the property in Penang) and Dec 2009 (for the property in Klang),
our FY10-11 EPU will be increased by 9.6-10.7% whilst DDM-based fair value
will increase from RM2.80 to RM3.10 (based on unchanged WACC of 8.2%);
and c) fair pricing. The valuations are supported by an independent valuer
i.e. C H Williams Talhar & Wong S/B."[attachmentid=1317187]
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"The two properties have property yield of 8.3% compare to the company’s trading yield of 7.8%"

This is a wrong way to compare in my opinion. They cannot compare the property yield with our dividend yield because:-

1. Property yield is based on the NAV
2. Dividend yield is affected by share price

The accurate measurement for the accretiveness of the new acquisition yields is to compare with the current average property yield.

This is my two cents.
Jordy
post Nov 23 2009, 03:38 PM

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QUOTE(wankongyew @ Nov 23 2009, 11:47 AM)
Wow, my AXREIT is showing a paper gain of like 22%. I can't imagine what you guys who bought it much earlier are seeing. Sure seems overvalued now though.
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wankongyew and protonw,

Congratulations to both of you. I was one of the lucky few who bought in at earlier levels, and I am still keeping it as my yield is more than 12%. Of course, I am very happy getting to this level.
Jordy
post Nov 24 2009, 09:41 AM

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QUOTE(mo_meng @ Nov 24 2009, 08:34 AM)
i got @1.09
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Congratulations to you too. You have almost earned back your capital. If you invested a large amount, then that is wonderful. I just regret I didn't buy more of AXREIT. Oh well, there's always another opportunity in some other forms.
Jordy
post Dec 4 2009, 07:33 AM

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QUOTE(loongloong @ Dec 3 2009, 10:51 PM)
Realised that AXREIT share price's been fluctuating alot lately. From RM 1.90 shoot to more than RM 2 and now back to below RM 2.00.
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At current price, AXREIT is still above its NAV. The short-term surge was mainly due to their latest acquisition. Usually that happens to AXREIT when they announce an acquisition.
Jordy
post Dec 5 2009, 09:42 PM

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QUOTE(sharesa @ Dec 5 2009, 05:11 PM)
the next Reit to announce divvy should be Arreit, around mid-Jan 2010, right?
Nobody in this forum holding?
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I believe Pana and cherroy hold some ARREIT.
Jordy
post Dec 5 2009, 10:24 PM

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QUOTE(jasontoh @ Dec 5 2009, 09:56 PM)
Hi Jordy, which REITS counter you are holding besides Axreit? How was the yield?
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jasontoh,

I am only holding strongly to 2 counters:-

AXREIT - net yield 11%
ATRIUM - ney yield 10.7%
Jordy
post Dec 5 2009, 10:30 PM

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QUOTE(jasontoh @ Dec 5 2009, 10:25 PM)
Gr8. I was planning to get Atrium. Not sure whether it is advisable or not. Since got Atrium supporter, guess, I can buy few lots to keep. smile.gif
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jasontoh,

I actually believe in ATRIUM more than ARREIT, BSDREIT and ALAQAR.

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