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

Nowaday, people use Palm Oil Lands as "REIT" or similar to REIT. Company promoting this is Country Height. Boustead also is involving in another.

Anyone can share some information here. Thank you.

This post has been edited by SKY 1809: Feb 2 2008, 04:47 PM

Aseambankers Rates Axis REIT Buy, Target MYR2.40



This post has been edited by SKY 1809: Feb 18 2008, 10:37 AM

Aseambankers Rates Axis REIT Buy

Is it up today ?

This post has been edited by SKY 1809: Feb 18 2008, 10:46 AM

Our export is down by 40%.

Those in the warehousing could be hit.

And warehousing business was badly hit in Year 97/98.

Can be re nego during the very bad time as in Year 97/98. They prefer good pay masters than facing bad debts.

This post has been edited by SKY 1809: Oct 31 2008, 09:00 AM

Very Smart

IOI is a goreng stock, may not suit you.

Just my 2sen.

You are more conservative than your ASW/PNB, certainly they buy higher than you.

Perhaps I aim for 2.20 this time.


Anyway, best of luck.

Pana is also a goerng kaki, once a a while only.

Changed accounting rules , maybe

Just my personal view only :-

I prfer REits over normal dividend stocks for the following reasons :-

1) better tax advantage ( under the single tax system ). Let say both pay gross dividends of 10% a year. You might get about 2% extra that was about the current FD rate, I presume.

2) REits could be trading at attractive discounts to NAV. Whereas good dividend stocks could be trading at a high premium ( for higher confidence level ).

3) less gearings for REITs

4) Reits from my personal view might have added advantages over buying a property on your own.

a) liquidity issue- you still can sell partially and get cash quickly . For A normal traditional property, it is hard to sell 1/3 of the property. And you can buy back at anytime you have the spare cash. It is a form of good saving habit.

b) the most important of all . you have the ownership per se of REIts, whereless the property that you bought belongs to bank if you get loan to buy property. For a long time, you are just renting the property from the bank.

c) Difficult to take advantage of market situation if you have a property, if you think it trading at a peak, and you believe THERE ARE TRADE CYCLES IN YOUR LIFETIME. And you could not depend on luck for the next 30 years or so.

Not comparing apple with apple actually but

REITs such as Axreit have the future.

Correct me if I am wrong.

This post has been edited by SKY 1809: May 9 2009, 07:10 PM

Expenses can claim back from forumers or not ?

Just to be fair to Jordy.

What surprise me ( maybe I am wrong ) that there are many strong REITs supporters here.

My concern is none of you seem to be interested to attend their AGMs. Mostly prefer to the silenced minority interest.

At least, you need to show a very bit of POWER of what you know, i mean showing your concerns and not the amount of money you have invested with them.

Just ignore me. Talking senseless here.

This post has been edited by SKY 1809: Jul 22 2009, 01:41 PM

Jordy,

Your yield computation is diff from my broker, which is about 10.9, later more. ( Rental Yield ). Dividend yield is about 11.9%. Read 2/3 of report attached.

Though an increase in units through private placement, might need to build in the incremental increase in rental incomes , in order to balance up. Gearing might fall to 27% from 37% if fully placed. Another + point.

Existing Fixed costs tend to drop if operation expands ( just an assumption made ).

Attach report in case you are interested.

RPT , is my concern also.

Regards

This post has been edited by SKY 1809: Jul 23 2009, 01:25 PM


Attached File(s)
 AXRB_090721_RN2Q09.pdf ( 55.4k ) Number of downloads: 18

It is easy if you want good returns is to increase borrowing by up to 300 % let say with current low int costs. ( instead of having private placements ) Most Foreign reits do that to justify a high yield per share.

With no additional increase in share units. DPU is more. You happy , co happy ( short term ). With many new prop needed to purchase , HIGH GEARING SEEMS TO BE A GOOD OPTION.

In actual fact, the add prop would increase Dividend yield to 11.6% ( Increase by 1.6% ) that matters most ? Or not ?

I suspect the total rental incomes could drop due to some unrented out prop, which could penalise on the return of new prop, if you compute on overall basis.

Actually , What they intend to do is to drop current borrowing to 27% ( limit to max 40% ) . If they allow to make cap repayment to you instead , hence share price drops, then also DPU might be more attractive. My thinking only.

Just my opinion only.

This post has been edited by SKY 1809: Jul 24 2009, 07:14 AM

Trading above NAV ?

Using Fair price should be better now ?

The next price depression.



This post has been edited by SKY 1809: Jul 24 2009, 12:45 PM

OT a bit.

I understand some time back you expressed your interest to invest in CHHB oil palm related investments.

Aren"t CHHB have some similarity with Boustead one ?

Mind to share more.

This post has been edited by SKY 1809: Jul 25 2009, 12:19 PM