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 REIT, real estate investment...

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cantdecide
post Feb 15 2008, 11:18 AM

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Anyone with information why ppl are selling AXREIT? This is interesting and strange as other REIT counters hardly move but AXREIT is quite busy. Is there something cooking?
cantdecide
post Feb 16 2008, 01:22 PM

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I have a question.....

Looks like cherroy and Neo18 have quite a lot of holding in either AXREIT, ALTRIUM, STAREIT, etc. at a price much higher than current market price. Just want to know what is your thought on that as I don't see that you guys are selling down anytime soon. Are you purely buying it for dividend gains? How about it is eroding your invesment?

Interesting.....

Anyway, I will be monitoring AXREIT next week too. smile.gif It is at a very attractive price.
cantdecide
post Feb 18 2008, 08:06 AM

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QUOTE(cherroy @ Feb 16 2008, 03:43 PM)
Personally, I look for the yield only as alternative option of FD.

Also, even though most reit price is falling but not that much, (I got Atrium at about 0.96 average, Stareit at 0.90, Axreit average around 1.75-1.85), which those already getting some distribution from it.

Yield is 'locked down' when you purchased, the price movement won't affect the yield. Just like I had bought Atrium at 0.96 which is about 7.8% net yield (after deduct the 15% witholding tax). As long as Atrium manage to maintain its DPU at 8.8 cents pa, then daily price movement doesn't affect my yield or decision in it. Only if Atrium DPU drop, then I would concern about it or selling it. That's mean I can expect 7.8% each year from it from my invested 0.96.

Instead the price goes down which only makes the yield even higher and more attractive for future purchase.

But remember to watch the individual company issue closely especially their earning result. If nothing goes wrong, yield play is ok, but if earning result shows some deteoriation then need to revise the strategy again, and decide whether to hold, sell or buy.

I do see some more downside for reit although yield is attractive, mainly due to real estate mess in overseas as well as potential economic slowdown which does hurt Reit price in general which follow overall market trend unless gov intends to reduce or abolish the witholding tax which is a great news for reit.
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Thanks for the informative explanation.

How about when the share price drops to 20cents less than your buying price? Will that make you sell off your REIT or still holding on to it?

The thing I see a difference from your investment in REIT than other counters is that you seem to have no TP to selloff, seem to be not protecting your investment first, etc. Sorry if I get you wrong.
cantdecide
post Jun 4 2008, 10:42 AM

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Just want to hear everyone's view on REIT with the current backdrop in US and Malaysia economy.

With so many uncertainties in US related to its subprime woes and its ever-declining economy, how long do you think the REIT will stay at this level and not affecting its dividend yield? Though, in Malaysia, we have not felt the 'heat' from the slowdown in property market yet but we cannot discount the possibility of it hitting us without knowing it right? Of course the big firm will get the news and took a profit from there REITs before dumping it. So what about us?

I am still thinking of putting more moo-lah into REIT but the current backdrops worry me. Lately the financial reports from a few REITs have not been good.

What is your view?

Please share.
cantdecide
post Jun 4 2008, 01:39 PM

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QUOTE(Neo18 @ Jun 4 2008, 11:18 AM)
I not greedy la.. anything more than 5% nett dividend per annum is considered fine with me
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It is the same target for me too!! What is your thought/feeling if the capital is eroded too? Say 5000 units of STAREIT @ RM0.90 (RM4500) becomes now RM4000 or RM3000 or even RM2000? It is not likely to go so low but it is possible to go down right?

That is the thing that is bugging me for so long. tongue.gif tongue.gif tongue.gif Can't seem to decide when to invest in other REIT counter cos the price movement has been going downward.
cantdecide
post Jun 13 2008, 11:31 AM

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QUOTE(cherroy @ Jun 13 2008, 09:18 AM)
Yesterday pick up already at 0.85. Drop fruther may be pick up some again.

Buying now at 0.85 is similar to buying at 0.82 because there will be around 3.4 cents distribution after June 30 ending.

Net yield is abut 6.8%.
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Why is STAREIT diving now? Any particular reason? Isn't revaluation good for it?
cantdecide
post Jun 17 2008, 12:59 AM

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QUOTE(WinDs @ Jun 16 2008, 11:27 PM)
STAREIT is in heavy volume trade today. A bit unusual, it could signal a trade buy.
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What is 'trade buy'? Mind to share why STAREIT dived to RM0.845 recently?

Thank you.
cantdecide
post Jun 23 2008, 01:23 PM

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I still don't get why STAREIT is being beaten down at the moment. Is there something bad cooking in YTL grou in general? If YTLPower is beaten down probably it was because of the fuel hike and the possible IPP renogotiation but how will that affect STAREIT?

Well, the other possibility is foreign funds existing STAREIT. Very curious cos I hold STAREIT. Suppose to be my chip to meet my this year target. :-(
cantdecide
post Jun 27 2008, 10:57 AM

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QUOTE(cherroy @ Jun 27 2008, 10:29 AM)
Yes, if their price is selling at deep discount on their NAV, with high yield then it might be a good time to pick up. Because with inflation looming, future property price will only go higher (if those properties is in good strategic place and not lack of demand one), if or when economy start to be a better situation.

Just my opinion.
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This is my 2cents of playing REIT. Just my opinion.

There are 2 types of REITs. 1 is where the REIT actually 'sublet' almost entire properties back to the parent company - e.g. AMFirst. The other is where it actuall sublet it to other company - e.g. Axis, Quill. Correct me if I am wrong. I am a little worry if the REIT company actually manage/own those properties where history has told me that it can get vacant when economy comes crashing. So my preference is AMFirst where the last report I read says that almost 80% - 90% of AMFirst properties are leased back to AMBank Group where I don't think AMBank Group will be downsizing when economy crashing down. STAREIT is my second choice (though I bought this first and only own this now) as the properties are cater for high end marketing which should be less subjective to economy - unless all expats moving out.

This is just my 2cents. Please share your thought.
cantdecide
post Jun 27 2008, 11:18 AM

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QUOTE(cherroy @ Jun 27 2008, 11:10 AM)
Yes, you are correct. There are two kind of Reits, one is just parent company treat reit as a way to list/dispose their stake in the properties to unlock some value and cash to the parent company and parent company lease back and become a major tenants.

There are pros and cons on these 2 types:

1: Those parent company lease back and major tenant one:
Pros: if parent company financial healthy, then won't be facing any major problem of getting tenants ann income is much depend on parent company.
Cons : The Reit itself is not survived on their own competitive strength and demand for property. So if parent company goes, the reit suffer with it, because it is not depended on free market demand actually.

2: Those genuine reit
Pros : Property itself is competitive in the market and survive and earn on its own merit which is strength of the company.
Cons : Tenants are spread across and not depends on single major tenants (which is a good thing also). But if demand for office and rental place reduce might be suffering loss of income, unlike those parent company is the major tenants one.

For long term, and competitive edge, (2) is preferred. But in difficult period of time, (1) will be seen is more stable/defensive (but risk with parent company).

Just my view.
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Thanks for the detailed information.

Perhaps that is why AXIS can demand such a good price on KLSE compare to AMFirst and STAREIT. Even Quill is better than those 2 at RM1.06 even though its divident yield is lower.
cantdecide
post Aug 6 2009, 10:52 AM

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QUOTE(Jordy @ Aug 3 2009, 11:56 AM)
What's the rush? The price should stay afloat prior to the placement in Q4 smile.gif That is the time to start accumulating again.
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What placement is that? Sorry for the silly question as I have not been able to find time to follow in the last 1 year. sweat.gif sweat.gif sweat.gif doh.gif doh.gif doh.gif Any report on the placement and what is the speculation on the price before and after? AXREIT has always been my favourite but just can't find the right price to go in. Sigh.
cantdecide
post Dec 23 2009, 09:52 AM

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What happened to STAREIT P&L? It said something like decreased 90+%! Is that right?
cantdecide
post Dec 23 2009, 10:03 AM

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QUOTE(cherroy @ Dec 23 2009, 09:59 AM)
No, previously year Q profit surge is because of properties revaluation (properties value/worth increase), operation income wise is somehow steady or stagnant.
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Oh, rupa-rupa macam tu. Thanks for the information. smile.gif

It shocked me as it coincides with the current disposal and I thought STAREIT price and evaluation will be affected big time. *phew* *phew*
cantdecide
post Jan 29 2010, 10:45 AM

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QUOTE(ost1007 @ Jan 26 2010, 03:15 PM)
I'm waiting dividend distribution from Starhill gbi from singapore.
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What is this? Starhill GBI?
cantdecide
post Feb 5 2010, 01:21 PM

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QUOTE(ost1007 @ Jan 29 2010, 01:18 PM)
This is YTL reit which listed in Singapore stock market.
Just announce dividend for the share. 0.97 cent for this quarter.
I invest on this because I realized that the dividend distribution keep increasing each quarter and recently it just pull Starhill and Lot 10 into portfolio for its REIT.
And it just buy a property in Aus. Looking good on next dividend distribution.  rclxms.gif
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Where do u see Starhill GBI price? And, can we buy in Malaysia?

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