bought some STAREIT today @ 0.84!!!

now i got 21 counter in my portfolio!!! not enough place in my favourite folder liow!!! hahahaha...

I think i can monitor kua.

Out of 21 counter, i think 15 is going for long term. only 6 for short term.

The reason i buy so many is because i am still new to this stock market thingy. So i want to learn as much as possible. Even if i lose money, at least i'm not losing the experience.

Therefore, i buy each counter, so that i can follow their development.

It's like, when u watch football, u don't bet, then no shoik lor..hahahaha

ya i have ATRIUM/AXIS and STAREIT

other 12, can say ok ok la.. good fundamental lor

PBank
MASteel
TGOffshore
Notion
PPerdana
Commerze
Asiatic

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Added on June 17, 2008, 1:19 pm
may i know where do u get all this information?

Thanks

i hav questions bout reit, can anyone answer? is reit is comply with shariah? since when the early reit is listed in KLCI?

The first reit to list in KLSE is Stareit, if not mistaken.

Thanks 4 ur info. FYI in Islam, rentals are not considered as interest. In my opinion some reits are considered non shariah compliant if they collect rentals from business that associated with gambling and selling alcoholic drink.

Sungei Wang Plaza has nothing to do with Stareit. Stareit portfolio properties are Lot 10 (opposite of Sungei Wang  ), Starhill and JW Marriot.

Properties counters (including Reits) are on the way down because market anticipated poor property market ahead due to high inflation might eat into consumers pocket and lead to slowdown in property and construction as well as overall economy. Even SPB is selling at below Rm3 now. 

i think i want to whack 100 lot @1.64 la.. so i don't have to think about buying other stock!!!

so far reit is my least %of losses ..... other stocks no eye see....

my portfolio now 50% reit.. if market continue on like current situation, i'm bumping it up to 70%.

axreit back with seller queue at 1.64

In my opinion, it's better to stick to stable heavyweight stock rather than REIT. As u know, msian property sucks.

ya i know...as a shareholder of a stock, u also own part of the company...Just that the top management don't give a shit about who u r or your opinion.

Yup, that's why I opt for some reits lately because even in economy difficult time, as long as those property under the reit is having long term tenants especially from strong corporate company, then income is somehow secure and won't be affected by other factor as compared to normal property stocks. So yield is pretty known and highly predictable and secured. As long as those yield is 2x of normal FD rate, I am somehow ok with it.
As normal property stock, if others subsidiaries of company (especially those from building sector) are doing poorly, then it might drag the whole group in term of profitability wise. Another one issue is that under the reit, profit must be distributed which will be only good for minoirty shareholders like ours. Unlike normal property stocks, even if company make tons of profit, but they can decide to keep it in the company forever even in cash form without any investment, while only give tiny bit of dividend to the shareholders.

Reit is like buying a property and rent it out. While in normal property stocks, you are participating in the company as shareholder, so totally different risk.

But downside of reit, they have not much room for the upside because of profit wise is stagnant and grows relative slow (rental increment won't be fast, and rental amount only can be negotiable after the tenants renew their lease) even if economy is good time, unlike those common stock, price can shoot up 2x 3x in good time.

Yup, mostly reit listed currently is under some gearing especially when acquiring new properties. But with the SC rule of limitatin of 50%, it serves the ceiling they can go which is a good thing also. No doubt it would mean high interest expenditure but it won't be severe. Recent Reits sell-down might be because of this reason as well.

Also my view is even BNM increases the interest rate, it won't go too far, max I can see is 0.5% for near term only. The weakening economy might be a big concern for BNM to raise rate further even though inflation still pose a problem.

Those under right issue exercise (eg. Axreit with private placement of new shares at 1.68, if not mistaken few month ago) is a good way to finance the acquisition with incuring extra interest expenses.

guys,

I was hoping for AXREIT to annouce their interim report today.

Anyone knows when it will be out?

regarding axreit, they issued new earlier his year, wont it dilute the earning , making EPS drop compare to before?

my 50 lot matched la @1.62

Should be 50 x 100, but I am sure he is capable to take Rm81K in one shot as well.

Anyway, I wait until below 1.60 to make my next purchase, as I don't like the idea averaging down in a too tight range, as this will make bullets depleted too fast.
Also, with plenty of cheap sale around or may be fire-sale in near future or next few weeks or month,  who knows. Don't need to rush.

but the interim report coming up next week right? Not much time left in my opinion.

it's only 50 x 100. If go down to 1.60, i will buy another 50x100