fly up or down ?

i'm also awaiting, welcome to the club.

neo18, u read the my link on my last post d? its about the nestle house.

This post has been edited by ante5k: Feb 16 2009, 06:17 PM

Malaysia properties will not effected by credit crisis? Or still havent see the effect yet?

many bad news still pouring in....i hope we still have chances to catch falling daggers

This post has been edited by asambuffett: Feb 16 2009, 09:44 PM

the effect seems like not much for the moment. but normally reit contract is for a few yrs, so by the time the contract renew the market may start to rebound

Most of the REIT like STAREIT, AXREIT and ATRIUM own property in Malaysia only? Some big player like IOI, KLK oredy facing problem coz having properties oversea.

Anyone can confirm that Tesco Penang just sold to Capital Land ?

IJM has sold Tesco Penang to Qcapital last year.

Thanks bro, Qcapital related to Capital Land ? Forgive me for being naive.

Yes, somehow part of subsidiary company in Malaysia.

It has its own website. Can check it out. http://qct.com.my/

Thanks. Wow, dunno when Capital Land will be listing here.

FYI - [RHB research report 20-02-09] Tower REIT, Higher occupancy risk in the near term since its anchor tenant, HLA Bhd will
move out about 90% of its operations from the building by May 09 under a relocation exercise. As a result, Menara HLA’s occupancy rate could reduce from
89% (Dec 08) to 75-80% (in June 09) and Menara HLA gross rental income could potentially drop by about 20%.

About 39% of Tower REIT’s gross rental income is derived from insurance & finance related industry, 9% from oil & gas industry, 22%
from information technology industry whilst the remaining is from property, manufacturing and service industries.
i.e. Its tenants are from the worst hit industries in current crisis.

----------------------------------------------------------------------------------
Tower REIT P/NTA at 60% is the lowest among local REITs. Gearing is low at 0.2.
However I hesitate to buy due to above bad news/concern.

All,
What is your take? buy now or wait .....
Will apprecaite your comments. Thanks.

The problem of comparison is FD rate is super low now.

Even for most reit, even their income dropped or lesser DPU by 20-30%, their DPU and yield still more than 2x or some 3x FD rate. So it is hard to make a conclusive judgement that their price can drop further.

Most reit price has been trading at discount for some reason, some negative factor has been priced in already.

Reit always or should always sensitive to FD rate and properties sector situation.

Not mean to recommend anything. Buy or sell at your own risk.

Everything seems to be unstable..every sector is covered with fear..No investment look safe.. Plan to clear up all stocks in hand, before new PM. Hold cash and wait to strike again..Mayb gold is an option now?

Bro, I'm with you on this. Well, I thought of waiting for AXREIT to hit around 1.24 then, but too bad it rebounded at 1.26. Now, I may just buy it when it hits 1.27 or lower, but patience is a virtue. I still have to wait a few more days since the price has been steady at 1.28 for 3 days

i bought @1.28 last friday... if drop.. buy somemore

Cherroy,
Thanks for comment.
I am aware & agreed with your point that REIT DPU still much better than FD.
That's why I have been following this thread and buying small qty. I started with AXIS, Hektar then Atrium.

I though next I want to buy some Tower units but now re-considering it after the news on HLA withdrawal.

bought another 100lot of AXREIT@1.28

thanks to neo for supporting axreit wahahahahaha

It has been hovering around this price for way too long. Still couldn't get it as the volumes are so low! I ope I can get in @ 1.26 at least though, then I am safe.