sonicleongthe question is ...will it shoot back up ?
Yippy68fully agreed. for long term, you get better income compare to your money lying one yer in the bank for 3.25%. and it is safe.
MirageHotelPDThe early dividend pays out to avoid new placement shareholders enjoy the unpay payable distribution. Total early pay out is for 75 days, which means in February there will be another 17 days of distribution to pay again. With current placement of 380m at 1.06. After minus pay out DPU about RM0.04. The NTA will dilute to about 1.322. Current 75 days DPU is about 1.918 sen which means 2nd Quarter cash flow could be 2.35 sen after Nov rental revise up. Assuming 2.35 sen is sustainable, after 380m place in on 15th December and use to pay of loan of 4%. The average DPU will drop to 2.06 sen per quarter. We still have net DPU after withholding tax of around 7.4-7.5 sen yearly if current income is sustainable, which equivalent to 6.7% at 1.10. Reits is long term investment. Those looking for short ride, better avoid this.
88bumblebeeanyone know what is the incremental rate for rental started Nov?
MirageHotelPDUnder the lease agreements signed on 2011, there will be 5% rental revise up for Msia & Japan Hotels
smartlymiragehotelpd, you subscribe new placement ?
ejticThis FY will be a progressive significant year for YTL REIT. Besides the agreed rates revision of the hotel properties (under lease agreements), the Mgmt gonna add its recent acquired UK hotels into it. Hence it would be definitely an accretive to its NTA & DPU. For long term, its net dividend yields are far more attractive than traditional FD even bonds.
gforce2Compared to the other MREITs, this is the only one with significant forex earning exposure. It is a double edged sword, as it also has a big AUD denominated loan taken when purchasing the Australian hotels. If those hotel revenues are more than sufficient to cover the interest/repayments, great. Otherwise, it's going to get painful as the AUD continues to strengthen against MYR.
MirageHotelPDFor Australia Hotels, the Brisbane performance is dropping. But Sydney and Melbourne out performed with extremely high occupancy. Therefore, A$ appreciation will boost DPU although in P&L shows red.
MirageHotelPDsmartly, I tried hard to subscribe new placement. But it seems PP only for Preffered group of poeple.
kuihmoino standard placee . make 4 sen also sell . Merchant banker should look for long term investor .
MirageHotelPDhttp://klse.i3investor.com/servlets/cube/kuihmoi.jsp You are right. Not just Merchant banker, the YTL reits management also irresponsible people. Simply offer to public who have Wealthy accounts with merchant banker but not truly long term YTL reit investors. I'm one of the long term YTL reit collecting YTL reit from RM0.735 since 2009 to highest RM1.22 in Nov 2016 try all methods just can't have the change to apply for the private placement. This is not fair to existing long term investors.
MirageHotelPDNo wonder foreigners don't like to invest in Malaysia. Big fish eating small fishes ...
MirageHotelPDBy the way, their cost 9.25% discount at 1.06, which make more than 4 cents.
ILoveReitOnly collecting YTLReit? how bout others?
AK2899Private Placement you must know "people" and will offer you at discounted price ....lol
leecuteguyanyone please explain, why private placement the price will go down ????
MirageHotelPDhttp://klse.i3investor.com/servlets/cube/leecuteguy.jsp Grab the opportunity to invest with low price when is still available
MirageHotelPDhttp://klse.i3investor.com/servlets/cube/ak2899.jsp PP normally offer to wealthy account with the appointed Marchant banker to issue pp.
MirageHotelPDhttp://klse.i3investor.com/servlets/cube/ilovereit.jsp Msia Reits getting expensive, I had disposed most of them but still remain Mqreit and YTL REITS where the cash flow still stable and good. if you like Reits, perhaps should starts look at Spore Reits where currently are on superb sales due to recession, some with very stable income still offering 6-9.5% yields and NTA 15%-35% undervalued. Like Voted Best Asia REIT in 2015 Ascott REIT , SGD 1.14 DPU >0.08, NTA 1.32. SABANA (high yields, and improve stabilize revenue) SGD 0.45 DPU 0.048 NTA 0.81, SUNTEC (occupancy 98%)1.645 DPU 0.105 NTA 2.10......
MirageHotelPDToday's advances indicate selling pressure for those who subscribed Private placement maybe over, and the price getting normalise.Perhaps the soon to announce balance DPU maybe good,
cclow41MirageHotelPD, how to buy Spore REIT? What account to use?
cclow41May I know why the YTL REIT net profit -ve?
kuihmoi-ve because of the Australian dollar denominated loan for Australia property , Use Spore margin account to buy reit at 2.8% only and reit yield of 6 to 8 %
DroidnPlayHi MirageHotelPD,may i know where do you normally grab infos on SReits? I find it hard to gather info on SG stocks vs MY, as we have alot of bloggers and forums, plus some good apps like KLSEScreener. TIA.
MirageHotelPDto trade Spore reits, either you sign a consent letter with your existing broking house to trade Sreits. Terms & conditions varies from one to another. Commission can be from 0.27% to 0.6%. Some offer online and some don't. Or go to Spore to open an account to trade, commission is cheaper, varies from 0.1% to 0.27%.
MirageHotelPDhttp://www.shareinvestor.com/news/index.html#/?type=sg_news_all&counter=A68U.SI&page=1 Log in to share investor.com, this is example of Ascott, 2015 top reit in Asia. DPU around 8.2-8.4 cents or 7.3% yearly. Very similar to YTL REIT but better potential.
http://www.shareinvestor.com/news/index.html#/?type=sg_news_all&counter=T82U.SI&page=1 This is Suntec REIT, similar to Sunreit but higher yields around 6%, DPU SGD 0.1
http://www.shareinvestor.com/news/index.html#/?type=sg_news_all&counter=M1GU.SI&page=1 This is Sabana, similar to Atrium Reit, DPU approximately 9.6% and potentially move up to 12% after 3 properties acquisition complete in June 2017.
The best thing is, Spore offer tax free for individuals investors, whether local or foreigners
MirageHotelPDFor those more advantageous, Spore margin financing also relatively much lower. With good relationship with bank, you can get around 2.8% interest per annum or even lower if your vol is big, short term loan with auto roll over of 1.25-2.15% per annum. Normal leverage for relatively big reit counter like Ascott is 60 to 70%. With 50% leverage, you can get 7.3% + 4.2%= 11.5% tax free return. Worth to explore while Spore market still superb cheap.
MirageHotelPDOnly different between Mreits and Sreits is, the price for Spore are very much more volatile due to higher liquidity. From past history, counter like Suntec price range from SGD 0.60+ to SGD 2. But the DPU still very steadily increase. During last recession in 2008, Suntec price was SGD 0.68 and the DPU was around SGD 0.09.
cclow41MirageHotelPD, thank you for the informative knowledge :)
cclow41What's wrong with Sabana reit? 2015 share price at $0.9, now only $0.35.
MirageHotelPDSabana used to performed very well, due to economy down turn, DPU drop from 2.2 cents per quater to last quarter only 1.2cents. Mainly due to Sabana reit is shariah compliance reit, a lot of restrictions plus slow demand in the market. The DPU has drop consecutively for the last 6 quarters, i.e. 1.8 cents to last quarter 1.2 cents. DPU drops are basically due to rental revise downwards to retain tenants plus 20% assets not renting out. Why I think it is good now! Basically, I believe the rental are stabilise, in November 2016, a 1 year vacant warehouse also successfully divested with 10% profit on book. 3 new tenancies sign in same month. so, the DPU is expected to improve in the coming quarter. But, why the share price still drop sharply! This is due to last month, Sabana REIT announced 3 acquisition of new assets which requires to issue right issue of 42% at price of 0.258 (42 right for every 100 units)or 80 million capital to buy cash as the company gearing is too high plus bad rating to get cheap finance. During share performance is bad. A lot of unit holders will get out when you call pay up more capital. From the agreements signed for 3 acquisitions, with effect from mid 2017, all 3 are rental guaranteed for 3 years to 10 years with around 6-10% rental base on purchase price. So, I believe at price of 0.34-0.35, the DPU will be around 0.033 or 9%+, in 3rd quarter 2017 onwards when the income from the 3 acquisitions are in. The DPU could be 12-13% base on price of 0.35. The best thing is, current price is about 40% cheaper than NTA.
Win188MirageHotelPD...what do you think abt YTLREIT in 2017? what NTA for YTLREIT? Thanks
MirageHotelPDRecent ration of PP is about 28% of total capital at RM1.06. If the valuation of the properties remain the same like Nov 2016. The NTA after PP will be around RM1.36.