Highlights
KLSE: AXREIT (5106)       AXIS REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
2.13   +0.03 (1.43%)  2.09 - 2.13  758,300
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Technical Indicators

Date: Nov 27, 2020 Price: 2.13

Simple Moving Average
10 20 30 40 50 60 90 120 200 250
SMA 2.12 2.105 2.111 2.117 2.126 2.128 2.112 2.094 2.023 1.975
Variance 0.01 0.025 0.019 0.013 0.004 0.002 0.018 0.036 0.107 0.155
Variance(%) 0% 1% 1% 1% 0% 0% 1% 2% 5% 8%
**Variance - Comparison between stock price and moving average.
Exponential Moving Average
10 20 30 40 50 60 90 120 200 250
EMA 2.119 2.116 2.116 2.118 2.115 2.114 2.099 2.083 2.034 2.00
Variance 0.011 0.014 0.014 0.012 0.015 0.016 0.031 0.047 0.096 0.13
Variance(%) 1% 1% 1% 1% 1% 1% 1% 2% 5% 6%
**Variance - Comparison between stock price and moving average.
Relative Strength Index
9 14 25
RSI 61.538 61.905 50.00
**>70 is overbought while <30 is oversold.
William %R
9 14 25
%R -37.50% -23.077% -28.572%
**>-20 is overbought while <-80 is oversold.
Money Flow Index
9 14 25
MFI 55.023 65.243 59.775
**>80 is overbought while <20 is oversold.
Rate of Change
21 63 125 250
ROC 0.00% 0.472% 6.50% 18.994%
**>8% is overbought while <-8% is oversold.
Percentage Price Oscillator
5,35,5 12,26,9
PPO 0.236 0.047
Signal 0.261 -0.05
Variance -0.025 0.097
Variance(%) 10% 194%
**Variance - Comparison between PPO and signal line.
Moving Average Convergence-Divergence
5,35,5 12,26,9
MACD 0.005 0.001
Signal 0.006 -0.001
Variance -0.001 0.002
Variance(%) 17% 200%
**Variance - Comparison between MACD and signal line.
Stochastic Oscillator (Fast)
14,3 18,9
%K 76.923 76.923
%D 64.102 71.194
**%D >80 is overbought while %D <20 is oversold.
Stochastic Oscillator (Slow)
14,3 18,9
%K 64.102 71.194
%D 68.376 63.477
**%D >80 is overbought while %D <20 is oversold.
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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
GTdyno Why suddenly drop so much?
15/07/2020 2:12 PM
TheEdgeMarkets Post removed. Why?
20/07/2020 3:35 PM
remus who is dumping ? EPF keep collecting ....
22/07/2020 12:43 PM
zen_2k 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
05/08/2020 3:35 PM
newbie2y as usual, steady even MCO!
26/08/2020 9:03 PM
zen_2k https://www.theedgemarkets.com/article/axis-reit-buys-shah-alam-warehouse-rm95m

actively expanding ^^
27/08/2020 7:29 PM
investfuture 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/
29/08/2020 12:27 PM
Peace99 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.
10/09/2020 11:35 AM
Sami_Value 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..
10/09/2020 3:21 PM
OldWiseMan100 Post removed. Why?
17/09/2020 5:35 PM
Peace99 Axis Reit, can go back to green even today?
21/09/2020 9:42 AM
Peace99 ok, today so far one of my few counters not green yet....pretty sure will be green soon :)
22/09/2020 11:21 AM
kens88 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?
02/10/2020 12:35 PM
newbie2y 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
02/10/2020 10:30 PM
kens88 Thanks. Since it is already taxed, do we still need to declare in income tax?
04/10/2020 11:46 AM
DreamCustodian Down 0.92%
04/10/2020 12:35 PM
DreamCustodian Sikit saja la
04/10/2020 12:35 PM
DreamCustodian But better start improving sikit also la
04/10/2020 12:35 PM
DreamCustodian Good luck
04/10/2020 12:35 PM
newbie2y kens88, no need :)
05/10/2020 5:25 PM
kens88 Thanks for the info
05/10/2020 8:22 PM
karimboss Over price with peanut dividend
06/10/2020 5:04 PM
newbie2y another wonderful quarter!
21/10/2020 5:34 PM
investfuture 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/
23/10/2020 9:33 PM
invest4tomoro got dividen 2.25 sen .. ex date 4 Nov
02/11/2020 4:29 PM
goodjoe Excellent REIT, Axis is the best.
26/11/2020 8:53 PM


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