ic... wat ab d thingy u said ab 15% tax?

does it means d dividend that we get need to tax 15%?

so if d yield for a certain REIT is 7.7%, means d actual devidend shud b 7.7% x 85%?

It is withholding tax. Current system is 15% for local and 20% for foreginers.

Sorry to say, yes. 7.7% x 0.85 = Net yield 6.55% (still higher than normal FD)

There is a rumour back before budget that this industry is persuading gov to abolish the withholding tax or reduce it to promote Reit among investors but gov said nothing about it so most of the Reit price go down (mostly 3-5%, not that much also as previous rising due to potential cut in witholding tax) after the anticipated good news didn't materialise.

i bought 4 lot of AXIS @ 1.85 today

out of 170 lots traded, u got 4

ante,

how do u c that statistic? i know i got partially this morning, and another half more in the afternoon session

I'm going for REIT next year Happy new year everyone.

how do u c that statistic? > no lar, i see total volume traded is 170 lot

This post has been edited by ante5k: Dec 31 2007, 05:20 PM

There are only 2 transaction done today both at 1.85 for Axis, Morning session traded 10 lots, afternoon another traded at 160 lots.
Axis is expected to give arounf 6-7 cents (half year distribution) around Feb when it discloses the lastest Q result of 31 Dec 2007.

After my lastest bought of 1.78, I queue again at 1.75, too bad didn't go down, it goes up straight away afterwards, may be need to wait next time liao.

For those interested in Reit, remember, Reit is sensitive to interest rate environment one especially the FD interest rate. Reit price has invert proportion with the direction of interest rate, generally or most of the time.

This post has been edited by cherroy: Dec 31 2007, 05:27 PM

Most Malaysian REITs are in their infancy, so therefore there should be good upside potential. The lack of solid reit worthy properties is also another good thing. Me thinks industrial reits should be worth looking at as it shows potential within the next couple of years.

Industrial REIT = ATRIUM

Hi Cherroy,

Kindly if you could explain why the FD rate can affect the price of REIT ? I understand above the rules of relationship between Bond & FD .. but this REIT is totally new to me.

Thanks

In investment world all are highly affected by interest rate. That's why when you see Fed or central banks cutting interest rate time, stock goes up while if interest goes up time, stock and bonds are tumbling.

Easy example when FD interest is at 7% while Reit yield is 7%, do you want to buy reit? why put your money into more risk while getting the same return rate? make no sense.
But if FD interest rate is 3% while reit yield is 7% then reit become attractive in this scenario. At least you get the double return rate with some little extra risk exposure.
It applied to stocks market, bonds as well all other investment tool as FD interest rate is the benchmark for all. As if FD interest rate is high, why hassle and put more risk on you money, better put all in FD already.
The primary reason for people invest in stocks, bonds, reit, properties or whatever investment product is to get higher return than FD rate, that's one of the ultimate goal of investment. That's why market come out with the term of PE, yield calculation to make a risk reward comparison with the interest rate environment.

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Added on January 8, 2008, 3:04 pmAxreit is going to distribute 7.53 cents of second half period. Not bad. Price shoot up a bit liao to 1.91 after the distribution announcement.

This post has been edited by cherroy: Jan 8 2008, 03:04 PM

AXIS reit is really cheonging la

Final distribution of income of 7.53 sen per unit each (of which 7.49 sen per
unit is taxable and 0.04 sen per unit which has been subject to tax at REIT
level is tax exempt in the hands of unitholders) in respect of the six-month
period ended from 1 July 2007 to 31 December 2007.

Ex-Date : 21 Jan 2008

thats the reason why..

may i know when is ATRIUM going to announce their quarterly result?

Should be this month end based on its past record. Reit company generally is quite fast in reporting their financial result due to more straigh forward and relatively simple accouting compared to those manufacuring, services or multi-national company.

ok la, i think it's time to add on more ATRIUM REIT

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Added on January 9, 2008, 5:02 pmOMG, Axis is now only 1.8!!! time to buy!!!

This post has been edited by Neo18: Jan 9 2008, 05:02 PM

Yup, suddenly shoot down so much, morning high is 2.00, close at 1.80 with massive selling. Below 1.80, I, personally would add more on it.

ya, i'm queing to buy 7 lot @1.80!!!!

For Axis,
cuurently, here is 2 distribution, 7.53 cents final, 0.75 cents for 2008, ex on 21 Jan.
After the revaluation of its 3 properties, NTA stood at 1.625.
If the it can repeat the 4th Q of 3.9 cents and performs better in the future, yield will be around at 7.5-8.0%.

is that 0.75 cents per unit?..if got 10000 shares how much ahh? RM0.75 X 10000 = RM7500 ahh?
that chun ahh?