The newer accounting standard will let the properties being revalued once every 3 years.
No, there is no Reit for mid valley and 1 Utama. Only for Starhill (Stareit), others mostly in offices and industrial.

Since it has revaluation every 3 years, there is no undervalue issue in term of Reit NTA. Look at NTA for the clue for the valuation.

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Added on January 11, 2008, 4:34 pmNeo,
I just bought Axis at 1.80 also, queue another 5 biji at 1.78.


This post has been edited by cherroy: Jan 11 2008, 04:34 PM

OMG !! ATRIUM is now 0.95!!! it's like 9.3% dividen

Somebody eager to sell but there is no buyer in the market. So the price last transaction jump from 0.98 to 0.95 straight away with 5 lots are being done only. Basically it is due to low liquidity issue, price can jump up and down very drastically due to not many buyer and sellers around, if someone hold some amount of stocks and eager to sell or buy in a bit large quantity, it can move very much.
If you want it to move from 0.95 to 0.98 then buy 1 lots already can.

The most important is to watch its latest DPU, if over 2.2, the went down in price doesn't need to take much care of.

This post has been edited by cherroy: Jan 14 2008, 04:18 PM

Some silly fella went and sold his Atrium REIT at 0.95. haha. I also put an order in already to BUY at 0.95. Damn cheap at this price. Atrium has very sound fundamentals.

AXREIT is giving dividends - Final 7.49¢ + 0.4¢ TE
Exdate is on 21-Jan-08

so it would be around RM 58++ for every shares after deducting the tax

Final is 7.49 + 0.4 but your forget another 1st interim of 0.75.

Total will be given out should be 7.49 + 0.4 TE + 0.75.

Also net for final is (7.49 x 0.85) + 0.4 = 6.766
1st interim = 0.75 x 0.85 = 0.6375
So total net = 7.4

Reit is not subjected to normal income tax (27%) but on witholding tax.
Witholding tax for local is 15%, foreigners 20%.

oh i never buy REIT before
therefore wasn't aware about the different tax surcharged

so every 1000 shares of AXREIT entitled to receive RM 74.00 of dividends
AXREIT closed at 1.81 today
the dividends...consider high?

OK lah, much better than FD

For net yield (after deduct the witholding tax) 6.766/1.8 = 3.76% (for half year), annualised = 7.52%

PS: The actual total is gross DPU 7.53 + 6.1 (first half, consider a bit poor) = 13.6 cents for Axis

If really want to compare, reit surely lose out to normal stock, as normal stock price has plenty of room for upside, but fo reit it is all about yield, if higher yield that people chase after, price goes up, if not stagnant mostly. Reit is not as same as normal stocks, risk is lesser than stocks, but potential return is also lesser than stock. If one aims for 20-30% pa return rate, then reit is not a place to be.

It is like FD - Bonds - Reit - Equites.

Reit is in between.

This post has been edited by cherroy: Jan 14 2008, 10:15 PM

when investing in REITs you might also want to consider whether the tenants are related to the issuing company or not. This is what happened in Singapore earlier. The tenants of the propoerty were actually the subsidiary of the company, so the company can afford to rent those units to them in a higher than market price. After the rental contract cease, those subsidairies cannot afford the high rental price and they moved out from the property. So the issuing company has no choice but to follow back market rental price and the whole REIT price collapsed...

So is better 4 u to go to that building n look for their directory and check the background of the companies there...

haha, just my 2 cents...

Sorry, my mistake, it shoud be 7.49 + 0.04 (not 0.4) + 0.75

So net final is 6.4

Total net = 7.04.

Appology for my mistake.

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Added on January 15, 2008, 10:44 amYes, better to choose those management company that doesn't have clash of interest between the tenants and company management.
Those doesn't have conflicting interest Reit company tends to have high premium or high demand from the investors, while those have related one tends to have more discount on price as investors are more alert on it. Market generally is quite efficient to take care themselves on this especially in overseas when Reit market is more mature.

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Added on January 18, 2008, 9:43 am

This post has been edited by cherroy: Jan 18 2008, 09:48 AM

Neo,
Atrium result is out, it is in line with expectation, 4Q earning 2.16 cents.
DPU is 2.3 cents.

An Ok yield.

ya, at 0.985 cent, yield is 9.34%!!!!

i think i want to sell off everything and only concentrate on REIT!!! hahaha

REXIT surged 0.250 today

this should be the reason yah : REXIT INTERNATIONAL SDN BHD SIGNS AGREEMENT WITH SOMPO JAPAN INSURANCE INC OF JAPAN TO PROVIDE e-COVER SERVICES

I thought Sompo is a partner of Berjaya Insurance. Do they have an insurance licence to operate in Malaysia /

This post has been edited by SKY 1809: Jan 21 2008, 01:59 PM

Pana,

Rexit is not a Reit counter. Just company name quite near to name Reit, it is not a Reit counter at all. It is a Mesdaq counter.

oh sorry, i wasn't aware about it

hmm.. STAREIT high volume today (for reit) lots of selling at rm0.90

Yup, may be personally will buy at 0.88 again as it will have first interim distribution on the Jan or Feb period, should be around 3.4 cents based on the projection.

any suggestion wat price will be good to go in for Axreit since divident is out already ?

It depends how much yield you aim for, DPU is expected at around 13.5- 14.xx cents for the full year.
NTA at 1.625. So judge your own.