Last Price Today's Change   Day's Range   Trading Volume
2.08   -0.03 (1.42%)  2.07 - 2.14  1,009,000
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Market Cap: 3,000 Million
NOSH: 1,442 Million
Avg Volume (4 weeks):2,356,440
4 Weeks Range:1.97 - 2.14
4 Weeks Price Volatility (%):
52 Weeks Range:1.66 - 2.15
52 Weeks Price Volatility (%):
Average Price Target: 1.93
Price Target Upside/Downside: -0.15

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  20-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  24-Jul-2020
T4Q P/E | EY: 14.16  |  7.06%
T4Q DY | Payout %: 4.00%  |  56.69%
T4Q NAPS | P/NAPS: 1.4587  |  1.43
T4Q NP Margin | ROE: 97.48%  |  10.07%


Date Subject
22-May-2020 axreit 1Q2020 quarter report
22-May-2020 Axis REIT - a Modest Start, Earnings Should Catch Up
21-May-2020 【行家论股/视频】AXIS产托 负债低利收购
21-May-2020 Axis REIT - EPU Did Not Catch Up With Earnings Growth
21-May-2020 Axis REIT - 1QFY20 Within Expectations
21-May-2020 Axis REIT - Within Expectations
21-May-2020 Axis REIT - A Decent Start
12-May-2020 AXREIT(5106)- 股价反弹幅度堪比IGBREIT 的公司!
08-May-2020 Axis REIT - Faring Fairly Well in Times of Crisis
06-May-2020 Real Estate Investment Trust (REIT) - Recession Fears
06-May-2020 KLCCP Stapled Group - 1QFY20 Within Expectations
20-Apr-2020 Economics & Strategy - On to Round 3
15-Apr-2020 【行家论股/视频】AXIS产托 租户稳撑业绩
14-Apr-2020 Axis REIT - A Relatively Defensive Play
03-Apr-2020 MREITs - Cherry Pick Hardy MREITs for Harsh CY20
31-Mar-2020 Economics & Strategy - Covid-19: Endgame
26-Mar-2020 Real Estate Investment Trust (REIT) - Defensive No More
21-Mar-2020 [转贴] [Facebook live video:浅谈Axis Real estate investment trust (AxReit)] - James的股票投资James Share Investing
19-Mar-2020 REIT - Doves outweigh virus after sell-down
17-Mar-2020 Daily Market Update - 17 Mar 2020 (AXREIT, GASMSIA)

Business Background

Axis Real Estate Investment Trust owns and invests in commercial, office and industrial real estate in Malaysia. The trust derives its income from leases and long-term capital growth. The company's portfolio consists of commercial offices, office and industrial buildings, warehouse and logistic centres, manufacturing facilities, and supermarkets. Warehouse and logistic centres account for approximately half the total net lettable area, followed by office and industrial buildings and manufacturing facilities. By geography, the properties are mainly located in Petaling Jaya, Johor, Shah Alam, and Penang. The office buildings are mainly close to public transportation and amenities.
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4444 EPF, ASB disposed why can up? Who behind manipulation?
19/02/2019 1:04 AM
Yapyapty AXREIT will drop to 1.27 soob
04/03/2019 10:58 AM
James Ng https://klse.i3investor.com/blogs/general/206042.jsp
[转贴] [Facebook live:浅谈Axis real estate investment trust (AxREIT)] - James的股票投资James Share Investing
11/05/2019 9:23 PM
xctznmunhon 1.80 soon
07/07/2019 9:38 AM
jeccy https://www.theedgemarkets.com/article/axis-reit-leases-pdc-land-fedex-courier-facility
15/07/2019 3:56 PM
jeccy https://www.thestar.com.my/business/business-news/2019/07/25/axis-reit-expects-to-post-7pct-net-yield-for-fy19/
25/07/2019 2:33 PM
pathew 190 at closing :)
02/08/2019 5:29 PM
newbie5354_ Sifus who work for KWAP/EPF/PNB/LTH? What ctr is next for them to goreng?
05/08/2019 12:29 PM
GreatDreamer Room for price improvement to be super defensive stocks on 2 fronts. Trump counter impose 5% tariff on Rm500bil china good today. The intensified trade war btw China & US, mean more relocation of MNC to Msia. Axis MNC industrial property bound to benefit a lot. In addition, US fed will cut interest rate mean loom for Msia interest rate cut also. More fund shift to REIT on attractive yield compare to MGS.
24/08/2019 12:22 PM
therainmaker why epf keep disposing share
30/09/2019 3:49 PM
patling63 Epf wants to announce their annual dividend. Need to selk to get the money
01/10/2019 8:33 AM
dividend4lifeZ one of my portfolio defender.. thanks!! axreit
05/10/2019 12:31 PM
moneytr33 why is the price keeps dropping?
14/10/2019 2:02 PM
kchue1 should buy..
29/10/2019 11:23 AM
kimsean Right Issue?
29/10/2019 3:10 PM
kimsean Private placement, I think.
29/10/2019 3:17 PM
newbie2y means we retail investors wont get to buy rite?
29/10/2019 3:26 PM
kimsean No, the pricing can be within 10% difference.
29/10/2019 3:50 PM
Jhl23 Why trading suspended?
31/10/2019 2:43 PM
sg999 https://www.theedgemarkets.com/article/axis-reit-placement-shares-fixed-rm172
01/11/2019 8:58 PM
Dakewlest Worth buying for mid to long term?
20/12/2019 2:59 PM
Dakewlest Finally bought today
31/01/2020 10:18 PM
RainT invest in REIT is only for 3 reasons

1. steady dividend yield
dividend money come in

2. very low risks of share price roller coaster

3. simple & easy to keep track & monitor
(if compare with oil company need see oil price, if bank counter need see OPR rate, if gloves counters need see rubber price, if property counter need see property sentiment, if construction counter need see government policy & many more)
06/02/2020 3:09 PM
Dakewlest Hello everyone, just to confirm, if i dont subscribe to IDRP, i will get my dividend in cash full amount right?
09/02/2020 3:47 PM
ragesliew Yes
09/02/2020 5:30 PM
Dakewlest Thanks ragesliew
10/02/2020 8:24 AM
tokohM AXREIT still has expansion plan in the pipeline, i think this is the reason why insitutional investor like this REIT
14/02/2020 11:03 AM
RainT that LEONG KIT MAY very agreesive

lets see she can deliver result or not
18/02/2020 4:37 PM
shazza Appreciate some insights on the IDRP, i read the document a few times but cannot get a good understanding. Say I have 9000 units so total offer is 88 units. Seems like no point to take up the offer? Odd lot and too little?
18/02/2020 5:40 PM
shazza I asked my agent but of not help just regurgitate the information in the form. Can someone help advice. Dateline drawing near.tqsm
19/02/2020 5:17 PM
newbie2y @shazza, because the dividend is 1.1sen, the total dividend you are entitled as at exdate will be total units x 0.011; then the offer of IDRP is the amount divide by $1.67, u will get the total units u are entitled. There is another option for you to opt for half of it. On regards whether or not you should take it or take cash, this is entirely upto you, if you are a long-term holder, u may take it as the price is much lower than current market price, long term holders wont bother about odd lots as next year there could be another round (as prev years there was another round); if you are not so-long term, then you can take cash, then you do not need to send in the forms. Cheers :)
19/02/2020 7:21 PM
AllanTingAS If you wish to take up iDRP. You should apply 80 shares and balance of the 8 shares, they will remit the money into your account.
20/02/2020 10:10 PM
Bursa1199 May I know What is IDRP?
21/02/2020 3:23 PM
newbie2y Bursa1199, IDRP is the Axreit's Dividend Reinvestment Plan, they will utilise the dividend you entitled to purchase more units at a specified price (1.67 in this case), or alternatively you may ignore the plan to take cash.
26/02/2020 3:44 PM
sg999 NEW HIGH!!!!
05/03/2020 11:53 PM
moven00 Kuat hoh...kita kasi dia Turun
13/03/2020 7:31 AM
Nepo finally Axreit also falls, dont think it is so specific that it can withstand from this recession..
18/03/2020 9:27 AM
James Ng https://klse.i3investor.com/blogs/general/2020-03-21-story-h1485581769.jsp
[转贴] [Facebook live video:浅谈Axis Real estate investment trust (AxReit)] - James的股票投资James Share Investing
21/03/2020 9:59 PM
freedomfund Something is very wrong with this counter. Every other counter drop sharply, including REiTs but this AxREiT is holding steady. OPR rate may have dropped but it is far outweighed by the general meltdown. In deep recessions, industrial tenants also can default on rentals, meaning dividends can drop.
I sold all my long-held holdings yday before the big boys like EPF or KWSP start unloading when they too realise that the current price is way above the NTA of 1.45
Better to cash out before this counter drop like a stone. Can always buy back later. Downside is far more than upside now.
21/03/2020 11:37 PM
moven00 Eh Kuat ye. Kita tunggu dia dibelasah. Market beruang siapa pun tak lepas.
22/03/2020 7:33 AM
sengtan 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
23/03/2020 11:40 AM
giorvana 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.
30/03/2020 11:30 PM
sianglong91 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??
11/04/2020 12:59 AM
newbie2y steady q1! thumbs!
20/05/2020 8:54 PM
RocketRider What happen to Axreit today?
29/05/2020 2:54 PM
Peace99 My respect to this counter! Today almost if my counters red, except this, Vsolar, hsl, mtouche!
15/06/2020 2:47 PM
Peace99 Typo:almost all
15/06/2020 2:48 PM
Kenny Chua 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.
15/06/2020 3:22 PM
Peace99 Thanks for the good report! Plan to hold long term.
16/06/2020 3:55 PM
hellbender 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.
08/07/2020 11:42 AM

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