Sources said it will close at 2.00 by 31 Dec. I believe so caused this is my 3rd round of making money. Yahoooooooooooooooooooo

After acquired a cash cow ECM, it only made 2.2 Mil profit. What a pathetic management!

EPF begins to accumulate this share. The price will shot up soon before next dividend announcement right after Chinese New Year.

Yahoo! Sold all at 1.95.

Just ok. back to normal...

otherwise, sell off & go invest somewhere else. Reit is just not your cup of tea. You need coffee, go to Starbucks and don't complain the coffee is expensive or can't sleep at night after Starbucks.

when they declared quarterly dividend, we should welcome instead of doubt their sincerity.

Yes, just bought 100k. Good DY.

A good set of results to be announced soon.....

Price 3.98?

Joker?

Sold all at 1.08 with my cost is 0.598. It's good fortune. Still have the loan stock & Kenanga as a bonus. Thank you to the ECM management.

AMANAHRAYA TRUSTEES BERHAD and Employees Provident Fund Board are brithers. Their investment strategies are quite similar. That's why they keep acquired this share.

Yield is between 5% - 6%. It;s much better than FD pathetic 3.2%

The new acquisition news of Tropicana would definitely increase DPS. Time to accumulate before it go up further.

The weaker ringgit, the better YTLP profits. Next quarter will be a big jump for them as their business are all over the world i.e. UK, S'pore, Australia. It's definitely a plus for YTLP.

The Board of Directors of Pintar Projek Sdn Bhd, as the manager of the Trust (“Manager”), wishes to announce that the Manager has decided to revise the period by which income distributions must be paid to unitholders from within two (2) months to within three (3) months of the end of the relevant distribution periods.
The notice to unitholders to give effect to the Change in Payment Period will be dispatched on 31 May 2013.

somewhere next month

The NAV per unit of AmFIRST Real Estate Investment Trust as at 30 June 2013 is RM1.2018.

The NAV per unit of AmFIRST Real Estate Investment Trust as at 31 December 2012 is RM1.1935.

I sold 56 lots at 90

should have strong profit due to the acquisition 3 hotels in Aussie.

Huat ah...... ong ah.....

I'm not sure about TWREIT. But can ensure that Pavilion Reit is heading to the north. They have quite a number of on going projects that keep them busy for the next 2 to 3 years. Hence, it will enhance it NAV.

EPF has begun to accumulate CMMT since 20/12/2012 and is still collecting till to-date. Quite sure they foresee the refusal right to purchase of Queensbay Mall is imminent. It's very likely heading surpass $2 soon.

We believe strong earnings momentum will resume in FY13F, largely driven by Pavilion Mall premised on:-

(1) The bulk of Pavilion Mall's NLA leases, 69.8%, are expiring this year (the majority in September). This implies a good opportunity to reap benefits from raising rentals. More importantly, Pavilion Mall is in the early stages of its life cycle. We have projected a 12% rental reversion - in line with management guidance of 10%-15%. Note that rentals were raised by 10%-12% during its first rental reversion in 2010. Average rental stands at RM18.74psf with 98.5% occupancy as at 3QFY12.

(2) New precinct, Fashion Avenue (+5% NLA), opened last September. Footfall appears to have improved. This, we believe, is underpinned by:- (i) Designated entrance with additional pick-up points added to the Raja Chulan entrance to Fashion Avenue; (ii) Enlarged number of speciality stores (+35 stores) and 100% tenanted; and (iii) 30% are international brands making their maiden entry into Malaysia.

Ben bought 200 lots at 1.03 in Dec. Now made quite a decent profit couple with the dividend is coming to town this month. What a New Year for him.

Usually declare on Jan 20 or 21.

Yes, heading to 2.00 version...Good sign!

Alamak.... PK ayam lagi... Pagi-pagi sudah lausai pula... Harap petang boleh naik sikit. Asalkan tak rugi hari ini...

Investment case. We reiterate our Outperform call on PavREIT, with an unchanged DDM-based fair value of RM1.60. We like PavREIT for: 1) its quality assets and prime location;
2) its strong organic growth potential; and
3) quality of its tenants. Premium valuations are justified by the higher EPU growth vis-à-vis its peers.
06/11/2012 13:06

Yes, nice, slowly & steady man... Now, it's above 1.60 already. Way to go YTL Power..

The NAV per unit of AmFIRST Real Estate Investment Trust as at 31 December 2012 is RM1.1935.

Ben: Remember don't sell this stock. I think it's heading for record high by this week & before the dividend announcement. It's better to keep here & get the dividend than save in FD.

Ben: Congrats to you man. What a great price to buy 1.03. So make handsome $$. Wait for this month dividend, u lagi kaya la... Tonite u become taukey ok?

Today ada power sikit. Hopefully, it will above 1.60.
angan jadi PK ayam...

Tapi bapanya YTL naik baik loh...

Pagi pagi naik. Celaka betul! Petang malam sudah lembik tak da power pula... PK Ayam!!!

I think so as it has not been declared when is the x date. May reconfirm with your remisier. Look out for the entitlement announcement soon in Bursa website.

Choong: Confirm & to be paid in Jan. Lu sudah jadi kaya sekarang..

Lai leow, lai leow....ci pai toh swee swee leow...

Today YTL got real POWER. That's why is called YTL Power.... Believe it's heading to at least 1.70 by Dec 31. Not surprise even 1.80.

EPF started to collect the stock again on Dec 20 after disposed for quite a bit for profit... No wonder EPF can declare better dividend than banks...

Heading for Merry Christmas today?? Oh, God please help this powerless YTLPower.... It's been sick for ages with suspected HIV... Kamsia lu che che... Eng ko lai...

Friday, December 21, 2012
ECM: Efficiently Constructed Market?

Today's trading in ECM can actually tell that there are a lot ignorance in the market. I believe the market should read more and trade less which to me is not happening now. Lots of information are readily available. A reader highlighted to me that ECM's stock symbol is to be traded in "red" from today onwards as it is now a PN17 company and he is worried. I never suspected a company that is to be admitted into the PN17 category will immediately trigger selling no matter what reason as it's symbol will be highlighted with red color font. Its the fundamental, not the color that determines the stock.

PN17 triggering the stock marked red
In fact, I said can buy more as the fundamental remains the same while the stock now becomes cheaper. One should already know this as ECM has already pre-empted shareholders way before during the announcement on the merger.

What is the PN17 for? Note: Not all PN17s are all that bad

From the exercise, as below, shareholders will be getting a total RM0.676 worth of cash, ICULs of Kenanga and some small shares of Kenanga. The main attraction is the cash of RM0.534 per share. ECM is traded at RM0.85 now. The distribution of RM0.676 will be completed by next month - 31 Jan 2013, which is what is mentioned by ECM, and I trust that it will happen as the Kenanga deal is already completed.

Upon the distribution, ECM will be having a RM0.38 of Net Tangible Asset (NTA) per share with RM0.32 in liquid assets (cash and ICULS).

Hence, if we are doing the math - with the RM0.676 distribution, at RM0.85, the stock will be quite in the money (RM0.85 - RM0.676 = RM0.174). Assuming it is trading at a discount of 30%, it is still in the money. I am not holding this stock for long though as I think the company is going the Private Equity route judging from the purchase of Pelikan's shares. Its directors were formerly investment bankers and PE people anyway - that's what they do best.

Hey, within a few months we should be getting back almost all our money with some small profits possibly. This is almost a "cigar butt theory" as what Graham says - the cigar butt that's thrown on the ground can still last few more good puffs - if only you are willing to pick it up.

What is left at ECM
Note:
It is easy to find out what's left of ECM as after the distribution of RM0.676 per share, the company will still keep RM265 million worth of cash and ICULs from Kenanga. From the below balance sheet, ECM has already highlighted what they are to dispose off from the sale. Just take out the one in red box and intangibles as well (not sure what it is). What's left in the cash and ICULs add back to the assets - liabilities, that's what you get from ECM. But beware, it is a company with no real business.

Trust me, it's either next year or 2014, it will acquire Queensbay Mall, then it will easily surpass 2.20. Don't forget Kuantan Mall that they are actively upgrading for better value. Always remember, REIT is for long term. If u r looking for fast $$ & excitement, then should go to the TOP 20 active stocks. High risk, high return & vice-versa.

I don't think so. This is the best performing REIT stock. I have made tons since it listed... One needs to visit its malls only then one will comprehend its strong & vast mall mgmt skills...

Pavilion REIT (PavREIT) will enjoy the new asset valuation benchmark set by KLCCP. KLCCP had revalued most of its existing assets in conjunction with the announcement of the KLCCP Stapled Group. The latest revaluation of Suria KLCC of RM4,252 psf implies an attractive upside to PavREIT’s asset value, as Pavilion KL Mall is currently valued at RM2,571 psf, a massive 40% discount. This reinforces our bullish view on PavREIT as the current unit price has yet to capture the full potential of the relatively new branded quality asset.

This one is definitely value for $$...

It's not good buy, but it's goodbye...