just wondering, anyone here holding amfirst? any thought s about it?

Bangunan AmBank Group
Occupancy Rates 99.4 %
Menara AmBank
Occupancy Rates 94.3%
Menara Merais
Occupancy Rates 67.5% >><<
AmBank Group Leadership Centre
Occupancy Rates 92 %
Kelana Brem Towers
Occupancy Rates 98.5%
The Summit Subang USJ
Occupancy Rates
* Excluding Hotel 81.2%

Very attractive now, thinking of stocking up but I'm kinda worried about the occupancy rate ...

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Added on September 18, 2008, 12:04 pmSunCity REITS may be delayed again


KUALA LUMPUR: Sunway City Bhd’s real estate investment trusts (REITS) are expected to be delayed again this year due to current weak market sentiments and cautious property sector outlook, says a local research house.

HwangDBS Vickers Research said on Thursday the delay had been largely been factored into SunCity’s share price (down 53% year-to-date vs Malaysian property sector’s decline of 39% YTD, KLCI down 28%YTD).

However, the delay should allow SunCity to realise better value from its property investments, it said.

“We believe SunCity-REIT would likely be listed in Malaysia (instead of Singapore),” it said.

HwangDBS Vickers said the factors being the largest listed REIT in Malaysia with around RM3bil asset size while the assets are all based in Malaysia and the recent positive policy changes to improve Malaysian REITs’ competitiveness viz-a-vis regional peers.

SunCity would likely maintain a 33% stake in SunCity-REIT, while we expect GIC to take up a sizeable stake as well.

SunCity-REIT’s yield however, was expected to be higher than the initial targeted 6% as MREITs are currently trading at 9.7% FY09F yield versus 10-year sovereign bond rate of 4.7%.

Assuming SunCity-REIT would be launched in CY09 at 7.7% yield, the research house expected a one-off gain on disposal of RM29mil (based on RM44mil surplus but net off for SunCity’s 33% stake in REIT) or 18% of FY10F earnings.

There would also be RM686mil net cash proceeds (RM1.10/share, fully diluted) which could be used to pare down borrowings, land bank acquisition and/or returned to shareholders.

The research house said its earnings estimates have yet to include any impact from the potential REIT.

“Although our expected yield of 7.7% is at a premium to the sector, we believe it is justifiable given SunCity-REIT’s size and potential RM3bil pipeline.

“SunCity-REIT has the potential to double its asset size to RM5.5b, almost on par with some of the mid-size Singapore REITs (currently trading at 7.4-7.5% 09F yield),” it said.

HwangDBS Vickers Research applied a 7% yield to value Sunway Pyramid, based on Country Heights’ sale of Mines Shopping Fair (retail mall in Klang Valley) to CapitaLand in August 2007.

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Added on September 19, 2008, 4:19 pmgot 20 lots at 1.62 today .

This post has been edited by ante5k: Sep 19 2008, 04:19 PM

if axreit stay below 1.60 for another week, i'm going for another 15 lots

..... no money, salary not yet in.

any chance of axreit 1.54 monday?

bought 20lots at 1.51 today..
this is probably my last buy on axreit.


This post has been edited by ante5k: Oct 15 2008, 05:04 PM

i agree .

gonna stop lor, but that price too irresistable. Actually, i just queue queue only .... didnt know actually got people selling at that price, just before market close .... buy toto 6/52 also no strike, sien.

This post has been edited by ante5k: Oct 15 2008, 11:24 PM

Warehouse Retail Facilities
Giant Hypermarket (Sungei Petani)

http://www.axis-reit.com.my/section.cfm?id=70

I only reason i see selling on REIT is because people are redeeming their unit trust units, and the fund managers have no choice but to let go, even at low prices.

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Added on October 20, 2008, 7:51 pmaxreit down to 1.48

This post has been edited by ante5k: Oct 20 2008, 07:51 PM

axreit cancelled a S&P agreement ..

its an old one, we kena 10% withholding tax.

its not claimable, and you dont have to report it in your income tax.

very tempting to go in ......

7.5cents for first half of 2008

http://mreit.blogspot.com/

For past dividend i usually refer to KLSEtracker.com

i dont think it will reach RM1 around RM1.20 - 1.40 should be good.

YTL Corp buys Singapore REITS for S$285m


KUALA LUMPUR: YTL Corp Bhd is acquiring stakes in two real estate investment trusts (REITs) management companies in Singapore from Macquarie Bank Ltd for S$285mil.

YTL Corp said on Tuesday it would acquire about 26% of Singapore-listed Macquarie Prime REIT (MP REIT) and 50% of Prime REIT Management Holdings Pte Ltd (PRMH).

Under the corporate exercise, YTL Corp would acquire 247.1 million units of MP REIT at 82 cents, which is at a discount of 49% to MP REIT’s net asset value per unit.

At 82 cents, it is 17% above the 30-day volume weighted average price and 52% above its last traded price.

“The acquisition of 50% of PRMH together with the units allows YTL Corp to control the REIT,” it said.


Source http://biz.thestar.com.my/news/story.asp?f...44&sec=business

when is the ex-date? ..my company just blocked access to java .... cant load java anymore.

meainng no need report in your income tax?