Highlights
KLSE: KIPREIT (5280)       KIP REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.83   +0.01 (1.22%)  0.815 - 0.83  29,600
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Financials


Market Cap: 419 Million

Market Cap 419 Million
NOSH 505 Million

Latest Audited Result:  30-Jun-2017

Latest Audited Result: 30-Jun-2017
Announcement Date 30-Aug-2017
Next Audited Result: 30-Jun-2018
Est. Ann. Date: 30-Aug-2018
Est. Ann. Due Date: 27-Dec-2018

Latest Quarter:  31-Mar-2019 [#3]

Latest Quarter: 31-Mar-2019 [#3]
Announcement Date 18-Apr-2019
Next Quarter: 30-Jun-2019
Est. Ann. Date: 26-Jul-2019
Est. Ann. Due Date: 29-Aug-2019
QoQ | YoY   -6.71%  |    -16.74%

Annual (Unaudited) ( EPS: 6.74, P/E: 11.13 )

Revenue | NP to SH 63,065  |  34,049
RPS | P/RPS 12.48 Cent  |  6.67
EPS | P/E | EY 6.74 Cent  |  11.13  |  8.98%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.01  |  0.83
YoY   -9.47%
NP Margin | ROE 53.99%  |  6.69%
F.Y. | Ann. Date 30-Jun-2019  |  26-Jul-2019

T4Q Result ( EPS: 6.91, P/E: 11.99 )

Revenue | NP to SH 62,987  |  34,921
RPS | P/RPS 12.47 Cent  |  6.65
EPS | P/E | EY 6.91 Cent  |  11.99  |  8.34%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 1.00  |  0.83
QoQ | YoY   -4.07%  |    1.68%
NP Margin | ROE 55.44%  |  6.91%
F.Y. | Ann. Date 31-Mar-2019  |  18-Apr-2019

Annualized Result ( EPS: 5.95, P/E: 13.94 )

Revenue | NP to SH 62,480  |  30,029
RPS | P/RPS 12.36 Cent  |  6.70
EPS | P/E | EY 5.95 Cent  |  13.94  |  7.17%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -0.93%  |    -10.67%
NP Margin | ROE 48.06%  |  5.94%
F.Y. | Ann. Date 31-Mar-2019  |  18-Apr-2019


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2019 26-Jul-2019 30-Jun-2019 4 16,204 11,525 11,525 11,525 - 509,140 - % 71.12% 2.26% 505,300 3.21 3.21 2.28 2.28 0.00 0.00 1.0076 1.01   56.46%   -7.05% 28-Jun-2019 0.84 26.19 36.83 0.83 2.72% 0.00% 26-Jul-2019 0.835 26.04 36.61 0.83 2.73% 0.00%
30-Jun-2019 18-Apr-2019 31-Mar-2019 3 15,643 7,366 7,366 7,366 - 505,198 - % 47.09% 1.46% 505,300 3.10 3.10 1.46 1.46 0.00 0.00 0.9998 1.00   -6.71%   -16.74% 29-Mar-2019 0.885 28.59 60.71 0.89 1.65% 0.00% 18-Apr-2019 0.87 28.10 59.68 0.87 1.68% 0.00%
30-Jun-2019 15-Jan-2019 31-Dec-2018 2 15,625 7,896 7,896 7,896 - 505,704 - % 50.53% 1.56% 505,300 3.09 3.09 1.56 1.56 0.00 0.00 1.0008 1.00   8.76%   -9.79% 31-Dec-2018 0.75 24.25 48.00 0.75 2.08% 0.00% 15-Jan-2019 0.805 26.03 51.52 0.80 1.94% 0.00%
30-Jun-2019 15-Oct-2018 30-Sep-2018 1 15,592 7,260 7,260 7,260 - 505,097 - % 46.56% 1.44% 505,300 3.09 3.09 1.44 1.44 0.00 0.00 0.9996 1.00   -41.45%   -4.61% 28-Sep-2018 0.835 27.06 58.12 0.84 1.72% 0.00% 15-Oct-2018 0.825 26.74 57.42 0.83 1.74% 0.00%
30-Jun-2018 26-Jul-2018 30-Jun-2018 4 16,127 12,399 12,399 12,399 - 506,967 - % 76.88% 2.45% 505,300 3.19 3.19 2.45 2.45 0.00 0.00 1.0033 1.00   40.15%   35.78% 29-Jun-2018 0.80 25.07 32.60 0.80 3.07% 0.00% 26-Jul-2018 0.82 25.69 33.42 0.82 2.99% 0.00%
30-Jun-2018 23-Apr-2018 31-Mar-2018 3 15,670 8,847 8,847 8,847 - 503,531 - % 56.46% 1.76% 505,300 3.10 3.10 1.75 1.75 0.00 0.00 0.9965 1.00   1.07%   60.10% 30-Mar-2018 0.78 25.15 44.55 0.78 2.24% 0.00% 23-Apr-2018 0.735 23.70 41.98 0.74 2.38% 0.00%
30-Jun-2018 25-Jan-2018 31-Dec-2017 2 15,675 8,753 8,753 8,753 - 503,531 - % 55.84% 1.74% 505,300 3.10 3.10 1.73 1.73 0.00 0.00 0.9965 1.00   15.00%   6.59% 29-Dec-2017 0.865 27.88 49.94 0.87 2.00% 0.00% 25-Jan-2018 0.84 27.08 48.49 0.84 2.06% 0.00%
30-Jun-2018 02-Nov-2017 30-Sep-2017 1 15,301 7,611 7,611 7,611 - 502,369 - % 49.74% 1.52% 505,300 3.03 3.03 1.51 1.51 0.00 0.00 0.9942 0.99   -16.66%   - % 29-Sep-2017 0.94 31.04 62.41 0.95 1.60% 0.00% 02-Nov-2017 0.925 30.55 61.41 0.93 1.63% 0.00%
30-Jun-2017 25-Jul-2017 30-Jun-2017 4 16,042 9,132 9,132 9,132 - 504,390 - % 56.93% 1.81% 505,300 3.17 3.17 1.81 1.81 0.00 0.00 0.9982 1.00   65.26%   - % 30-Jun-2017 0.92 28.98 50.91 0.92 1.96% 0.00% 25-Jul-2017 0.92 28.98 50.91 0.92 1.96% 0.00%
30-Jun-2017 27-Apr-2017 31-Mar-2017 3 10,308 5,526 5,526 5,526 - 500,196 - % 53.61% 1.10% 505,300 2.04 2.04 1.09 1.09 0.00 0.00 0.9899 0.99   -32.71%   - % 31-Mar-2017 0.955 46.81 87.33 0.96 1.15% 0.00% 27-Apr-2017 0.97 47.55 88.70 0.98 1.13% 0.00%
30-Jun-2017 08-Mar-2017 31-Dec-2016 2 15,801 8,212 8,212 8,212 8,236 510,352 100.30% 51.97% 1.61% 505,300 3.13 3.13 1.63 1.63 1.63 1.63 1.0100 1.01   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 08-Mar-2017 0.97 0.00 0.00 0.97 0.00% 0.00%
30-Jun-2017 30-Sep-2016 1 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2016 30-Jun-2016 4 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 0.0000 0.00   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2016 31-Mar-2016 3 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2016 31-Dec-2015 2 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  Patrick13 likes this.
 
Gen2 Weird thing is, their BS don’t have the 300m cash ??!!
12/10/2018 12:31 PM
kinuxian That's the model of most REIT player by leveraging where SC limit the gearing ratio below 50% as hard cap. Most of them will tap into gearing where confident their purchase is making higher return then loan interest. They'll issuing new commercial paper when time due.

I guess many reporter failed their math. :) Their current asset is about 30MM instead of 300MM in their final report.
12/10/2018 5:57 PM
Gen2 @kinuxian
The news even stating after the cash call existing 300m cash will be increased to 400m.
May be who attended their AGM can enlighten us further ?
12/10/2018 9:59 PM
LearningToInvest their cash call is only ~100m shares... assuming they can place out at 0.80... only get 80m cash. Their Aeon purchase... from circular looks to be 100% funded by debt... but assuming 80% financing at 5% interest rate for 20 years..maybe NPI additional RM4m a year. if they manage to place out the 100m shares (which they will have to) their yield will no longer be 8%... proforma ~5% only. If only going to get 5% yield IGB or PAV reit safer
15/10/2018 2:14 PM
shortinvestor77 They know what to do for the benefit of shareholders..
15/10/2018 9:57 PM
CFTrader (1) According to what i had read in the AR2018 , they DO NOT have 300m cash .

Cash and Bank Balance = 8.9M
Deposit with License Bank = 10.9M

Generally speaking it's 20M for cash, and 28M for short term asset.


(2) REITS usually will refinance their debt with the asset as backing. As long REITS can generate income more than
(i) the existing rate - eg. if average rate is 7.0% , and the latest acquisition give 7.5%, that is addictive effect AND (ii) higher rate compared to the cost of fund - which is the loan.

They will be off good with the dividend declaration.

(3) They cannot simply cut the dividend yield, it is MANDATORY for REITS to declare a minimum of 90% NPI to enjoy the taxation benefit. REITS are differerent compared to normal share.


Sincerely
CFTrader
16/10/2018 12:16 AM
CFTrader I lazy to recalculate, but base on last AR2018 , they still have 218.977 M loan amount to reach the ceiling level of 50% gearing ratio.

The acquisition of the "mall" is 208M, which they have maximize the loan amount already.

Sincerely
CFTrader
16/10/2018 12:19 AM
shortinvestor77 https://klse.i3investor.com/blogs/nomoneylahreitinvesting/178957.jsp
20/10/2018 3:31 PM
shortinvestor77 No more kacau from Great Estern and OCBC.
https://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/5280/23-Oct-2018/11939_618477176.jsp
23/10/2018 2:15 PM
shortinvestor77 http://www.klsescreener.com/v2/news/view/455910
13/11/2018 8:41 AM
naruko halt again for this kinta acquisition, what the...
30/11/2018 2:47 PM
naruko 2billion asset, what a high target, but I like it
06/12/2018 8:49 AM
Kalaihselvan Krishnan Why big drop in price
31/12/2018 9:51 PM
kinuxian I guess GE & OCBC. Selling their remaining shares although ceasing as substantial shareholders back in Oct.
31/12/2018 10:05 PM
alam Rafik KIP already touch to 0.80 almost so why it slip...?
31/12/2018 10:12 PM
RickyCJC Many REIT drop, don't know why?
31/12/2018 10:45 PM
Kalaihselvan Krishnan Price down a lot
01/01/2019 1:20 AM
Yi Heng fair price how much?
01/01/2019 6:17 PM
RickyCJC What's going on? My other shares are up, only this share is falling
08/01/2019 1:08 PM
nkk53 Q at 0.78
09/01/2019 10:32 AM
Yapyapty Tp0. 70
13/01/2019 12:55 PM
Tan Yeang Cong Still consider good, need time to grow.
16/01/2019 9:13 AM
antonb RED ALERT - 2 main directors are selling, millions of shares after buying in Oct and Nov last year.. time for small holders to also sell??
28/01/2019 4:12 PM
mbge7clt Green Alert the 2 main guys are buying back... i guess all these actions are normal.
30/01/2019 9:52 PM
Kensington KIP REIT had since yesterday breached the 200 day exp moving average and is now moving on an upward trend. Keep it up, KIP!
26/02/2019 2:49 PM
Yapyapty KIPREIT will drop to 0.72 soon
04/03/2019 10:56 AM
Value Investor Coo1eo @Yapyapty....that's great!! but please be more clear on why 0.72 and not 0.68?
05/03/2019 5:17 PM
Yapyapty 因为现在是散户吃着上而已,买在0.800以上
06/03/2019 11:16 PM
Yapyapty 如果现在不会卖,就死得很难看
06/03/2019 11:17 PM
Lyo82 @Yapyapty: I would love to see that, and I think you are looking for that opportunities too..
10/03/2019 7:46 PM
Yapyapty 我手上6000张票每天卖点差不多卖完,谢谢散户与庄家
27/03/2019 5:56 PM
Lyo82 也谢谢Yapyapty
30/03/2019 11:30 AM
Lyo82 Thought of you got 60000 shares... quite a joker.
30/03/2019 11:42 AM
Yapyapty 祝大家好运
03/04/2019 8:07 AM
CFTrader With the acquisition of the Kinta Mall, i don't see any reason of dropping.
Please make KIPREIT 就死得很难看 (die in a very horrible way)
I'm waiting to collect KIPREIT and die with KIPREIT together if it is selling at 50c.

If you think KIPREIT will drop suddenly to 70c or 60c, then you must mistaken REITs as a normal company share or whatsover securities...


Sincerely
CFTrader


(previous excerpt)_____________________________________

malinfan is now salivating because of missing the boat as he/she/it sold at a lower price and now the price had gained to 86.5c.

He/She/It is still waiting for 55c KIPREIT which in my humble opinion , with a probability of 99% he wont get the stock at that price.

Sincerely
CFTrader
05/04/2019 5:32 PM
Yapyapty Sohai CF Trader
05/04/2019 9:26 PM
Lyo82 Yes there is an idiot here.
06/04/2019 10:12 AM
Yapyapty Super sohai
06/04/2019 6:51 PM
newbie trader can in now?
08/04/2019 2:47 PM
Value Investor Coo1eo i wonder why traders are even here....."can in now?" ...if u want to in and out, go and find another hole....knn
09/04/2019 1:24 PM
Yapyapty 包跌guarantee drop
11/04/2019 11:04 AM
Yapyapty 我排买着0.805
14/04/2019 5:09 PM
enigmatic [Breaker of Speculative Investing] I now understand why my friend said buying REITs is like buying real estate property. Location, location, location.
19/04/2019 11:46 AM
CFTrader Oh no, the YoY profit dropped 14%. By this trend, after 7 quarter, KIPREIT profit will be zero ! SELL now. TP 0.10
Familiar with this kind of quote ? Teehee...

Note for fellow investors.
Lower total comprehensive income mainly due to higher borrowing cost incurred on the back to date of higher bank borrowing to finance solar PV system as well as the Kinta acquisition deposit. On top of that, the higher management fee charged from 0.30% of TAV in corresponding quarter to 0.60% of TAV in current quarter.

You should question why management fees doubled at shareholder expenses.

Sincerely
CFTrader
20/04/2019 11:16 PM
sg999 Got dividen today.
17/05/2019 10:51 AM
tauruslau Yes
17/05/2019 12:29 PM
sg999 offer....
25/05/2019 9:20 PM
DRwarrant sg999 now on reit,,, what a shame - a grandma old fashioned !
27/07/2019 7:33 PM
30/07/2019 4:35 PM
vvvv come sapu more
15/08/2019 6:53 PM