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2.13   0.00 (0.00%)  2.12 - 2.14  308,700
235 comment(s). Last comment by investfuture at Oct 23, 2020 9:33 PM
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moven00
521 posts

Posted by moven00 > Mar 22, 2020 7:33 AM | Report Abuse

Eh Kuat ye. Kita tunggu dia dibelasah. Market beruang siapa pun tak lepas.


sengtan
71 posts

Posted by sengtan > Mar 23, 2020 11:40 AM | Report Abuse

ya i also doesnt understand this counter why gone up ? perhaps due to storage in demad ?? or some fund trying to prop it up ? I sold it long time at 1.86


giorvana
8 posts

Posted by giorvana > Mar 30, 2020 11:30 PM | Report Abuse

KWAP buying. There hasn't been much substantial change to its share price, indicating its position as safe haven as REIT, bolstered by strong management, resilient asset portfolio as it consists mostly of warehouse and logistic instead of retail and hospitality which are being hit hard.


sianglong91
65 posts

Posted by sianglong91 > Apr 11, 2020 12:59 AM | Report Abuse

This reit have giant tenures, additionally most of them are essential industry, sure ah kuat.
The share confirmed 5% annual return, not a bad reit I guess??


newbie2y
208 posts

Posted by newbie2y > May 20, 2020 8:54 PM | Report Abuse

steady q1! thumbs!


RocketRider
210 posts

Posted by RocketRider > May 29, 2020 2:54 PM | Report Abuse

What happen to Axreit today?


Peace99
619 posts

Posted by Peace99 > Jun 15, 2020 2:47 PM | Report Abuse

My respect to this counter! Today almost if my counters red, except this, Vsolar, hsl, mtouche!


Peace99
619 posts

Posted by Peace99 > Jun 15, 2020 2:48 PM | Report Abuse

Typo:almost all


Kenny Chua
206 posts

Posted by Kenny Chua > Jun 15, 2020 3:22 PM | Report Abuse

Axis’s portfolio has increased by 2 to a total of 50 properties. More than 50% of Axis’s tenants are still operating during MCO; the warehouse logistics are fully operating as well as hypermarkets. Overall, Axis remains relatively stable and defensive amid the Covid-19 outbreak and MCO given their well-diversified portfolio (focusing on industrial properties, with considerable tenants offering essential services). There are 17.7% of total NLA expiring in FY20 and we expect a flattish rental reversion amid Covid 19 outbreak and MCO. We expect a better FY20 due to full year contribution from acquisition in FY19 as well as new contribution from newly acquired properties. We increase our earnings slightly by 0.4% for FY20 and 0.5% for FY21-22 to reflect contribution from newly acquired properties. We maintain BUY with marginally higher TP of RM2.47 (from TP: RM2.46).

We organized a conference call with management; the following are some of the key takeaways.

Portfolio. Portfolio size increased by 2 to a total of 50 properties. The 2 additional properties came from completed acquisition in Bukit Raja (from Lion Steelworks Sdn. Bhd.) on 17th Mar 2020 and acquisition in Kawasan Perindustrian Nilai II (from K Plastics Industries Sdn. Bhd.) on 28th Feb 2020.

Some tenants still operating during MCO. More than 50% of Axis’s tenants are still operating during the Movement Control Order (MCO); the warehouse logistics are fully operating as well as hypermarkets. Besides, 20% of manufacturing facilities are also still in operations (see Figure #1 for portfolio breakdown). Overall, Axis remains relatively more stable and defensive amid the Covid-19 outbreak and MCO given their well-diversified portfolio (focusing on industrial properties, with considerable tenants offering essential services). Furthermore, there are 150 tenants (out of 154 tenants) that do not have a force majeure clause; hence, Covid-19 and MCO should not have material impact to Axis’ bottom-line. Management shared that the most they can do as landlords to help their tenants is potential rental deferment. In any case, Axis believes that they are able to collect any outstanding rental before August’s dividend payout. As consequence, there is unlikely to be an impact for unitholders during this time.

Flattish rental reversion is expected. There are 17.7% of total net lettable areas (NLA) of portfolio are expiring in FY20 (See Figure #3). Management expects that it will be a flattish rental reversion this year amid Covid-19 and MCO. To compare with FY19, 22.4% of total NLA expired and Axis managed to successfully secured 96% leases with 2% positive rental reversion. As for retention, this should not be an issue as tenants are likely to maintain status quo and keep operations at the same location.

Dividend distribution to remain as usual. Management assured that they will maintain their dividend distribution policy of a least 95% of dividend payout ratio for 1st

to 3rd quarter while at least 99% of payout ratio for 4th quarter. This is in line with REIT policy of distribution of earnings of more than 95% to enjoy tax-free benefits.

Pipeline assets. There are 2 more pipeline assets from FY19 that have not been acquired yet (targeting to do so by 1H20): (i) 1 manufacturing facility in Shah Alam, Selangor (c.RM56m) and (ii) 1 manufacturing facility in Kota Kinabalu, Sabah (c. RM60m). Besides, Axis REIT is evaluating other assets to acquire, with an estimated total value of RM135m. Their acquisition plan is still ongoing amidst MCO but may be delayed as they cannot go onsite to do due diligence.

Outlook. We expect a better FY20 due to full year contribution from acquisition in FY19 as well as new contribution from newly acquired properties (acquisition of Bukit Raja and Kawasan Perindustian Nilai II), coupled with (hopefully) a post Covid-19 recovery. Axis REIT is still actively pursuing quality acquisitions with focus on Grade A logistics and manufacturing facilities as prime focus.

Forecast. We increase earnings marginally by 0.4% for FY20 and 0.5% for FY21-22 to reflect contribution from newly acquired properties of Bukit Raja and Kawasan Perindustian Nilai II.

Maintain BUY, TP: RM2.47. We maintain BUY with marginally higher TP of RM2.47 (from TP: RM2.46) to reflect contribution of newly acquired properties. To note, our valuation is derived from 1SD below 2-year historical average yield spread between Axis REIT and 10-year MGS yield in view of increased popularity in industrial properties, high occupant tenancy in its diversified portfolio and is also one of the few Shariah compliant REITs.


Peace99
619 posts

Posted by Peace99 > Jun 16, 2020 3:55 PM | Report Abuse

Thanks for the good report! Plan to hold long term.


hellbender
101 posts

Posted by hellbender > Jul 8, 2020 11:42 AM | Report Abuse

yeah just bought asap when OPR dropped. hedge against low interest environment. Is it me or i feel the economy is going to tank 2Q 2020 results will be bad for most businesses.


GTdyno
124 posts

Posted by GTdyno > Jul 15, 2020 2:12 PM | Report Abuse

Why suddenly drop so much?


TheEdgeMarkets
7 posts

Posted by TheEdgeMarkets > Jul 20, 2020 3:35 PM |

Post removed. Why?


remus
85 posts

Posted by remus > Jul 22, 2020 12:43 PM | Report Abuse

who is dumping ? EPF keep collecting ....


zen_2k
231 posts

Posted by zen_2k > Aug 5, 2020 3:35 PM | Report Abuse

Ppl buy to replace FD?... rates even competent vs EPF... the more people think markets are unstable, the more keen they are into investing in less riskier portfolios like REITS, and AXREIT happens to be one of the REITs who are in industrial properties, compared to the hit by Covid-19 hospitality and office REITs and is still aggresively making acquisitions, its not everyday u can see a "growth"-style REIT


newbie2y
208 posts

Posted by newbie2y > Aug 26, 2020 9:03 PM | Report Abuse

as usual, steady even MCO!


zen_2k
231 posts

Posted by zen_2k > Aug 27, 2020 7:29 PM | Report Abuse

https://www.theedgemarkets.com/article/axis-reit-buys-shah-alam-warehouse-rm95m

actively expanding ^^


investfuture
24 posts

Posted by investfuture > Aug 29, 2020 12:27 PM | Report Abuse

大马产托龙头Axreit(5106.KLSE)季报出炉,Revenue & NPI上升,可是DPU下滑目,前仍在快速发展中,不断收购产业,详情请看:

中文:
https://vitamincash.com.my/zh_CN/2020/08/29/axreit-2q2020-quarter-report-analysis/

english:
https://vitamincash.com.my/en_US/2020/08/29/axreit-2q2020-quarter-report-analysis/


Peace99
619 posts

Posted by Peace99 > Sep 10, 2020 11:35 AM | Report Abuse

Just want to repeat my 3month old comment: My respect to this counter! It is one of the few green counters in my portfolio today.


Sami_Value
358 posts

Posted by Sami_Value > Sep 10, 2020 3:21 PM | Report Abuse

retirees , if BN continue to cut OPR, put your FD money into this REIT

Axis REIT the only REIT showing defensive & growth characteristic with devidend yield play..


OldWiseMan100
83 posts

Posted by OldWiseMan100 > Sep 17, 2020 5:35 PM |

Post removed. Why?


Peace99
619 posts

Posted by Peace99 > Sep 21, 2020 9:42 AM | Report Abuse

Axis Reit, can go back to green even today?


Peace99
619 posts

Posted by Peace99 > Sep 22, 2020 11:21 AM | Report Abuse

ok, today so far one of my few counters not green yet....pretty sure will be green soon :)


kens88
413 posts

Posted by kens88 > Oct 2, 2020 12:35 PM | Report Abuse

I first time receive reit income distribution. Why is it a bit less than the amount declared?

Is the reit auto deduct for the tax so that we don't have to declare twice?


newbie2y
208 posts

Posted by newbie2y > Oct 2, 2020 10:30 PM | Report Abuse

kens88, out of the 2.15sen, 1.64 is taxable, 0.51 is non-taxable; for the taxable portion, we only get 90% of it as 10% is taxed.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3081676&corporate_action=1


kens88
413 posts

Posted by kens88 > Oct 4, 2020 11:46 AM | Report Abuse

Thanks. Since it is already taxed, do we still need to declare in income tax?


DreamCustodian
1135 posts

Posted by DreamCustodian > Oct 4, 2020 12:35 PM | Report Abuse

Down 0.92%


DreamCustodian
1135 posts

Posted by DreamCustodian > Oct 4, 2020 12:35 PM | Report Abuse

Sikit saja la


DreamCustodian
1135 posts

Posted by DreamCustodian > Oct 4, 2020 12:35 PM | Report Abuse

But better start improving sikit also la


DreamCustodian
1135 posts

Posted by DreamCustodian > Oct 4, 2020 12:35 PM | Report Abuse

Good luck


newbie2y
208 posts

Posted by newbie2y > Oct 5, 2020 5:25 PM | Report Abuse

kens88, no need :)


kens88
413 posts

Posted by kens88 > Oct 5, 2020 8:22 PM | Report Abuse

Thanks for the info


karimboss
1161 posts

Posted by karimboss > Oct 6, 2020 5:04 PM | Report Abuse

Over price with peanut dividend


newbie2y
208 posts

Posted by newbie2y > Oct 21, 2020 5:34 PM | Report Abuse

another wonderful quarter!


investfuture
24 posts

Posted by investfuture > Oct 23, 2020 9:33 PM | Report Abuse

Axreit (5106.KLSE) 3Q2020 quarter report analysis

chinese
https://vitamincash.com.my/zh_CN/2020/10/23/axreit-3q2020-quater-report-analysis/

English:
https://vitamincash.com.my/en_US/2020/10/23/axreit-3q2020-quater-report-analysis/

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