i q @ 11pm to buy 35 lot 1.64 cannot get la!!!

i saw people matching at 1.64 early morning of trading at 50 lots each a few times, so i queue up. if market tunrs red, i think there will be more seller at 1.64.


my average at 1.69 now...

This post has been edited by ante5k: Jul 11 2008, 01:32 PM

i think i want to whack 100 lot @1.64 la.. so i don't have to think about buying other stock!!!

so far reit is my least %of losses ..... other stocks no eye see....

my portfolio now 50% reit.. if market continue on like current situation, i'm bumping it up to 70%.

I also join you the party, 1.64.

Do you really have such a huge appetite at times like this?

Well, if you increase your holdings of REIT to 70%, then you have to remember that when market has huge rebound, REITs won't save your a$$
At most you will be getting a slight capital appreciation with high DY. I'm still sticking with my other counters by averaging down the prices

Yes, Jordy has a point to make, if market turns back up, Reit won't go as high as other.

It is just a defensive play aka if market does fall further, then it somehow has some downside protection but doesn't mean it won't fall, just degree of falling might be lesser than normal stocks.

Yes, agree with cherroy's second statement. Unless there is a major upgrade in the fundamental of REITs, you wouldn't see a huge change in price. As we are midway through the storm now, are you sure you want to start being defensive?

Well, at least now we are seeing less new developments and higher prices of building materials. So AXREIT could be a good bet as it has a huge portfolio of properties. With less supply and sustained demand, we could see a huge increase in value for its properties.

With inflation looming for construction materials, from cement to steel etc, future properties price has one way to go, i.e. up. Short term wise, properties price might go down because of lesser demand, but over the long term, it needs to go up otherwise there won't be newly construct building and properties as developers can't make money then they won't build new properties, so eventually causing less new supply.

Properties sector always like that i.e. searching for equilibrium point, properties price not high enough, then no new properties, eventually causing less supply. When demand > supply, the price goes up, then more and more developers start to build new properties eventually supply > demand, then price goes down and this cycle continue...

Don't treat reit as same as normal stocks, they ain't the same.

The only good news that can hope (in the coming budget) is the reduction in witholding tax of 15% for Malaysian, 20% for foreginers which is high compared to overseas counterpart. There won't be major upgrade in Reit stocks even for normal stocks because economy is heading for slowdown.

I bought Axreit because there will be around 7 cents distribution next month, so at 1.64 like buy at 1.59 only. Also, go in small amount only. As said, don't need to rush to buy one in this kind of market.

For normal stocks, I won't rush in too soon as I still can wait.

This post has been edited by cherroy: Jul 11 2008, 03:47 PM

1.64 all matched

if anyone notice , there's always got people queue 50 lots at rm1.64


add, someone purposes push up price to 1.68 with 1 lot.

This post has been edited by ante5k: Jul 11 2008, 05:04 PM

i bought 5000unit @ 1.64!!!

yahoo!!!

also i bought ATRIUM @0.76

Don't know purpose or not, but may be he/she wants to make it round figure as last done in term of lot is 9, so adding 1 to make it per K. 1 lots cost RM4 extra only (from 1.64 to 1.68).

Old timers like me, still buy/sell in per K shares, not use to x100. So most of the time, will make it x 1000 if not matched, easy to remember also. But this 1 lot is not from me.

axreit back with seller queue at 1.64

At uncertain times like this, REITs also won't go very far.
Rental for this year is still almost the same, so I don't think there would be any higher distributions.
At this price, AXREIT does seem quite tempting and attractive though

In my opinion, it's better to stick to stable heavyweight stock rather than REIT. As u know, msian property sucks.

This post has been edited by Singh_Kalan: Jul 17 2008, 02:57 PM

Hmm, and how many Malaysian heavyweights are stable in your opinion?
Well, Malaysian business cycle and politicking sucks either. So how do you justify it to be better?
REITs tend to lock in their annual income, so we would expect stable income for at least 3-5 years.
If you get REITs like AXREIT, STAREIT or HEKTAR, they are more stable because their main tenants are huge market players. The rental yield would not change much in a downturn when the agreement is renewed.

Just my 2 cents for sharing purposes though

Reit has some distinct difference compared to property stock, it basically owned the building itself, so if the reit portfolio is ABC bulding, XYZ factory, then as reit holders you are owning part of it.

i bought another 4000 unit of AXIS @1.64

i think they will be announcing their interim report soon. Hopefully by tomorrow.

Amanah Raya just only announced it's interim report

ya i know...as a shareholder of a stock, u also own part of the company...Just that the top management don't give a shit about who u r or your opinion.

Please do not mix up REITs with the other common stocks. REITs are required by law to distribute at least 90% of their net income to the unitholders. REITs work differently from the common stocks as well. They do not have to seek unitholders approval before deciding to make any property acquisitions. Also, once they secured the property, they would lease it out for an agreed term and receive rental as income. So, it is more secured compared to the other common stocks