Buyer queue at RM 1.11

I will use bonus to invest in stock. Whereas monthly salary is for normal expenses.

Latest update!!!!!!Axreit closing at rm 1.07 Seems like my target is coming soon

This post has been edited by darkknight81: Dec 11 2008, 07:23 PM

The main concern on this counter will be the "private placement" issue mentioned by professor Cherroy.

Nope totally different thing. It is somesort of fund raising of the company for new acquisition or expansion by issuance of new shares to the public.

Good ppl start to fear already

It all depends, you see they are delaying it to 2009 ... Why? You got ask yourself?

My view will be they might foresee the further decrease in properties price in the next coming year.... Thats y if they can acquire at lower price next year y acquire now?

If good acquisition, short term might be lower yield but long term is good. We don know yet...My opinion is if the price really drops to a level which we feel that it has a "safety margin" then we can buy it. For me buying in at RM 1.00 will be quite safe ....

Good acquisition normally is done during bad market conditions when business is not good....then you can have a good bargain. We cannot have a good bargain during bull run...

This post has been edited by darkknight81: Dec 11 2008, 09:12 PM

AXREIT haven enter yet . My target is RM 1.00 . But maximum will be 200 lots only as i think the risk is higher compare to my primary target ytl power

I am from east malaysia though. How is the properties situation at west malaysia? It is over supply like US? tHAT is my major concern

Thanks Cherroy In fact, for those strategic location, not much impact at all. Very true

Yup maybe can enter at below RM 1.00 next week. Cherroy prediction was right

Yup maybe revise to 90 sen a better move

My view is for it to rebound probably not so easy... So why not wait for some times and observe how much it will settle down.

Congrats to those who bought Axreit today

All the reits almost the same one. Just that Axreit a bit aggresive thats y i like axreit.

Pending news on their private placement.

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Added on December 16, 2008, 9:03 pmReits - Real estate investment trust

Is an properties investor who bought properties and rent it out. Being one of the unit holder you basically own part of the properties. So the return on the rental will be distributed back to you around 90%.

The only thing you expect your reits to go up is that the properties value on the particular reits go up.

So before you choose any reits, the most important thing you got to analyse is the type of properties that reits own and you got to judge at your own on the properties future prospect.

This post has been edited by darkknight81: Dec 16 2008, 09:03 PM

Bought axreit at RM 1.00 50 LOTS
Should be a cheap price rite cherroy ?
Don expect it to go up either instead hope it can go down some more. My reinforcement will coming in batch by batch

This post has been edited by darkknight81: Dec 17 2008, 11:08 AM

But i can guarantee it is not the lowest.

Thats the good thing of having dividend counter. You can use the dividend you receive to do reinvestment.
Further more i use my ASW and ASM dividend to do reinvestment . So i can reinvest every 6 months.

This post has been edited by darkknight81: Dec 17 2008, 02:38 PM

As long as my counter like ytl power , axreit.... can give me dividend of between 5 - 10% or i can see the future appreciation of the counter then i won sell it. unless it is really overvalued...

Can check with our remisier tomolo

http://mreit.blogspot.com/



Axis REIT plans expansion

Investment trust eyes more properties in Klang Valley and Johor


PETALING JAYA: Axis REIT (real estate investment trust) is eyeing more office and industrial properties in the Klang Valley and Johor next year to expand its existing portfolio of 19 properties.

Malaysia’s first listed REIT expects rental rates to hold steady in 2009 due to tight supply, although it also sees a slower growth rate, says Axis REIT Managers Bhd chief executive officer and executive director Stewart LaBrooy.

It was a matter of assessing the right time and opportunities before Axis REIT embarked on its expansion plans, he said, without disclosing the number of properties and their locations.

“Axis REIT has grown from five to 19 properties in the portfolio in three short years,” he told StarBiz in an e-mail interview. “We took the decision early on to grow our fund through acquisitions funded by debt and equity.”

According to LaBrooy, Axis REIT has always held the view that cross-border investments carry much higher risks for a property trust, thus it does not plan to acquire overseas properties for now.

On the outlook for rentals, LaBrooy said Malaysia was fortunately not part of a property bubble that had become evident in Singapore, Vietnam and Dubai, and that the domestic market would be stable.

“We foresee the rentals for industrial and office properties in Malaysia holding steady for 2009 due to the tight supply currently,” he said, adding that much of the industrial and office properties coming onstream in 2009 had been pre-leased.

“For industrial properties, we have seen rental growth of 10% upon renewals in 2007 and 2008, whereas in the office sector, rentals have grown by 15% to 20% over the past 12 months,” he said.

Currently, Axis REIT’s monthly rentals range from RM1 per sq ft for industrial space to RM4 per sq ft for top-end commercial space.

However, Axis REIT expects a slower rental growth rate in 2009 due to the current downbeat economic climate.

Nevertheless, LaBrooy expects Malaysian REITs (M-REITs) to offer investors the opportunity to earn 11% to 13% returns.

“Investors who are taking the opportunity now will be buying prime assets at a discount where the real market prices haven’t moved,” he added.

Labrooy acknowledged that M-REITs had taken a beating, in tandem with the selldown in global markets, including Malaysia’s.

“Despite this, M-REITs are still posting positive earnings growth and with their conservative leverage and attractive returns, they still have a compelling investment story,” he said.

Axis REIT posted its best results since its listing in the third quarter, reporting an earnings per unit of 3.85 sen, compared with 3.75 sen in the preceding quarter.

For the nine-month period, it made 11.36 sen per unit, the highest in the industry.

This post has been edited by darkknight81: Dec 18 2008, 07:54 PM

Yup.... at 4.30 thinking of grabbing some at RM 1.00 but only know that it shoot up to RM 1.06 already.....

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Added on December 19, 2008, 8:56 pmDon think so as this is not goreng type of counter. My view is the go up must be supported by some reason one...

This post has been edited by darkknight81: Dec 19 2008, 08:56 PM