Disposal of 1,000,000 KIP REIT units by Projek Impiana Sdn Bhd in the open market on 10 August. Not the MD.

WILL yields of Malaysian real estate investment trusts (REITS) come under pressure because of lower rents and rising interest rates? That depends on how the data is interpreted. There is some evidence that rentals of properties ranging from offices to factories are being renewed at lower rates as leases end although at the beginning of the year, the expectation was for an average 6.3% yield for the year.

REITS experts say the total returns should be calculated on their unit price gains together with the yield. For July, local REITS had an average yield of 5.801% versus 5.507% in January.

Conventional wisdom says that when interest rates rise, this is usually bad for REITS. This is because REITS pile on debt as they acquire assets, so when interest rates rise, their ability to service debt comes under pressure as they also have to pay 90% of their earnings as dividend.

But if interest rates are rising because of a growing economy, this may not necessarily affect REITS negatively because businesses will expand, offices will be rented out and people will spend their money. There is speculation that Bank Negara may have to raise the overnight policy rate some time next year on demand-pull inflation stemming from rising consumer sentiment.

Detractors, who believe that the economic outlook is still uncertain, say consumer sentiment is still down although the first quarter’s unexpected 5.6% growth spurt was in part supported by private consumption. Economists expect the second quarter’s economic data to show growth above 5% after the surge in exports in recent months.

Most Malaysian REITS, because they own malls and offices, have been affected, to a degree, by the glut in office space or the downcast consumer sentiment. There is still reason to be cautious with local REITS, and this can be seen from their unit price performance, which has been mixed on a year-to-date and one-year basis reflecting the local business conditions and consumer sentiments.

What is keeping select REIT unit prices up and performing better than the benchmark FBM KLCI could be the drop in the yield of benchmark 10-year Malaysian Government Securities, which stood at 3.976 from 4.463% at the end of November. This could have driven some investor interest back to Reits, which offer better yields. Indeed, Kenanga Research actually upgraded Reits to “overweight” from “neutral” in June.

Ultimately, REITS are about their underlying assets, which is property, where these are located and how well they are managed. If a particular REIT’s assets fulfill all three factors, there is no reason that yield cannot sustain even with all the daunting challenges.

WILL yields of Malaysian real estate investment trusts (REITS) come under pressure because of lower rents and rising interest rates? That depends on how the data is interpreted. There is some evidence that rentals of properties ranging from offices to factories are being renewed at lower rates as leases end although at the beginning of the year, the expectation was for an average 6.3% yield for the year.

REITS experts say the total returns should be calculated on their unit price gains together with the yield. For July, local REITS had an average yield of 5.801% versus 5.507% in January.

Conventional wisdom says that when interest rates rise, this is usually bad for REITS. This is because REITS pile on debt as they acquire assets, so when interest rates rise, their ability to service debt comes under pressure as they also have to pay 90% of their earnings as dividend.

But if interest rates are rising because of a growing economy, this may not necessarily affect REITS negatively because businesses will expand, offices will be rented out and people will spend their money. There is speculation that Bank Negara may have to raise the overnight policy rate some time next year on demand-pull inflation stemming from rising consumer sentiment.

Detractors, who believe that the economic outlook is still uncertain, say consumer sentiment is still down although the first quarter’s unexpected 5.6% growth spurt was in part supported by private consumption. Economists expect the second quarter’s economic data to show growth above 5% after the surge in exports in recent months.

Most Malaysian REITS, because they own malls and offices, have been affected, to a degree, by the glut in office space or the downcast consumer sentiment. There is still reason to be cautious with local REITS, and this can be seen from their unit price performance, which has been mixed on a year-to-date and one-year basis reflecting the local business conditions and consumer sentiments.

What is keeping select REIT unit prices up and performing better than the benchmark FBM KLCI could be the drop in the yield of benchmark 10-year Malaysian Government Securities, which stood at 3.976 from 4.463% at the end of November. This could have driven some investor interest back to Reits, which offer better yields. Indeed, Kenanga Research actually upgraded Reits to “overweight” from “neutral” in June.

Ultimately, REITS are about their underlying assets, which is property, where these are located and how well they are managed. If a particular REIT’s assets fulfill all three factors, there is no reason that yield cannot sustain even with all the daunting challenges.

Wow. Wait and see.

KUALA LUMPUR: The ringgit closed lower against the US dollar today in line with most Asian emerging currencies, as risk-averse sentiments weighed down markets.

At 6pm, the ringgit stood at 4.2935/2965 against the greenback, compared with Thursday’s close of 4.2900/2930.

A dealer said escalating geopolitical tension between the US and North Korea continued to dampen investment sentiments in emerging markets and contributed to losses in Asian currencies as investors swarmed safe haven assets.

Meanwhile, the ringgit closed mostly lower against a basket of major currencies.

The local note fell against the Singapore dollar to 3.1461/1495 from 3.1438/1474 on Thursday, and depreciated versus the yen to 3.9365/9396 from 3.9035/9077. It slipped versus the euro to 5.0479/0518 from 5.0232/0284 yesterday, but strengthened against the British pound to 5.5644/5696 from 5.5736/5779 on Thursday. -- BERNAMA

KUALA LUMPUR: The ringgit closed lower against the US dollar today in line with most Asian emerging currencies, as risk-averse sentiments weighed down markets.

At 6pm, the ringgit stood at 4.2935/2965 against the greenback, compared with Thursday’s close of 4.2900/2930.

A dealer said escalating geopolitical tension between the US and North Korea continued to dampen investment sentiments in emerging markets and contributed to losses in Asian currencies as investors swarmed safe haven assets.

Meanwhile, the ringgit closed mostly lower against a basket of major currencies.

The local note fell against the Singapore dollar to 3.1461/1495 from 3.1438/1474 on Thursday, and depreciated versus the yen to 3.9365/9396 from 3.9035/9077. It slipped versus the euro to 5.0479/0518 from 5.0232/0284 yesterday, but strengthened against the British pound to 5.5644/5696 from 5.5736/5779 on Thursday. -- BERNAMA

（纽约10日综合电）朝鲜多次试射导弹威胁美国，美国总统特朗普扬言朝鲜面对“前所未见的火焰与狂怒”，触发全球避险情绪升温。

然而，美国和朝鲜局势紧张，会引发股市大规模抛售吗？

专业投资机构Columbia Threadneedle建议，面对大型风险事件时，投资者可问自己以下3倒问题：

1、有超级大国参与吗？
2、油价有风险吗？
3、全球金融体系有风险吗？

第一道问题的答案是毫无疑问的，美国直接参与了今次事件，而朝鲜行动亦随时升级，将牵连到其他大国。不过，现时该事件对油价及金融体系尚未存在较大的风险。

Leuthold Group首席投资主管宝森接受外媒访问时认为，两国正式发动核武的想法似乎非常牵强或愚蠢的，而大部分投资者均相信有关可能性十分低。

他相信，股市周三下跌，纯粹是投资者阅读“新闻标题”后的反应，其影响有限。他续说，金融市场要等到实际情况到来时，才会出现强度更高的反应。

宝森打趣道，自特朗普上任以来，“垃圾对话”(trash talk)已经司空见惯，恰巧地朝鲜也有一个喜欢trash talk的人。

新闻来源：东网

http://www.enanyang.my/?p=905594

（纽约10日综合电）朝鲜多次试射导弹威胁美国，美国总统特朗普扬言朝鲜面对“前所未见的火焰与狂怒”，触发全球避险情绪升温。

然而，美国和朝鲜局势紧张，会引发股市大规模抛售吗？

专业投资机构Columbia Threadneedle建议，面对大型风险事件时，投资者可问自己以下3倒问题：

1、有超级大国参与吗？
2、油价有风险吗？
3、全球金融体系有风险吗？

第一道问题的答案是毫无疑问的，美国直接参与了今次事件，而朝鲜行动亦随时升级，将牵连到其他大国。不过，现时该事件对油价及金融体系尚未存在较大的风险。

Leuthold Group首席投资主管宝森接受外媒访问时认为，两国正式发动核武的想法似乎非常牵强或愚蠢的，而大部分投资者均相信有关可能性十分低。

他相信，股市周三下跌，纯粹是投资者阅读“新闻标题”后的反应，其影响有限。他续说，金融市场要等到实际情况到来时，才会出现强度更高的反应。

宝森打趣道，自特朗普上任以来，“垃圾对话”(trash talk)已经司空见惯，恰巧地朝鲜也有一个喜欢trash talk的人。

新闻来源：东网

http://www.enanyang.my/?p=905594

Not Malaysia lah. GLCs support.

Bought a little more at 0.80. Cheap sale.

Don't see it. do nothing.

On the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

PETALING JAYA: The major beneficiaries of foreign fund inflows this year consist mainly of banking, oil and gas (O&G), and gaming related stocks, statistics cited by MIDF Research showed.

For the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

In the O&G sector, MIDF said that players which benefited from inflows were not only the downstream players but also integrated oil and gas services providers along with shipping providers.

“Downstream players such as Petronas Chemicals Group Bhd may have attracted foreign funds partly due to high plant utilisation rate of 99%, strong average selling prices of its products which grew by 22% year-on-year and higher production and sales volume of 16% yoy,” it said.

Genting Bhd recorded the highest inflow during the period between the fourth quarter of 2016 and the second quarter of this year.

on the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

PETALING JAYA: The major beneficiaries of foreign fund inflows this year consist mainly of banking, oil and gas (O&G), and gaming related stocks, statistics cited by MIDF Research showed.

For the banking stocks, MIDF said the favourites were CIMB Group Holdings Bhd, Malayan Banking Bhd and Public Bank Bhd that saw inflows amounting to RM1.7bil, RM1.43bil and RM76mil respectively from the fourth quarter of last year to the second quarter of 2017.

In the O&G sector, MIDF said that players which benefited from inflows were not only the downstream players but also integrated oil and gas services providers along with shipping providers.

“Downstream players such as Petronas Chemicals Group Bhd may have attracted foreign funds partly due to high plant utilisation rate of 99%, strong average selling prices of its products which grew by 22% year-on-year and higher production and sales volume of 16% yoy,” it said.

Genting Bhd recorded the highest inflow during the period between the fourth quarter of 2016 and the second quarter of this year.

BYE-BYE, TITUS.

http://www.klsescreener.com/v2/news/view/266983

http://www.klsescreener.com/v2/news/view/266983

Wait at RM1.

OMG. CIMB Up!

令吉兑美元贬至4.2930
经济新闻
10/08/201718:54
（吉隆坡10日讯）今日令吉兑美元汇价续趋软，以及兑美元以外的其它主要货币起落不一。

交易员说，令吉表现软弱，因地缘政治局势日益紧张，尤其是美国和朝鲜关系进一步恶化，驱使投资者把资金转移至包括黄金等被视为避难所的贵金属市场。此外，芝加哥联邦储备银行行长埃文斯认为美联储9月缩表相当合理的言论，对美元起支撑作用。

令吉兑美元汇价午休报4.2930/2960，较昨日闭市之4.2870/2910贬值。开市时，令吉兑美元报4.2870/2910。

令吉兑美元贬至4.2930
经济新闻
10/08/201718:54
（吉隆坡10日讯）今日令吉兑美元汇价续趋软，以及兑美元以外的其它主要货币起落不一。

交易员说，令吉表现软弱，因地缘政治局势日益紧张，尤其是美国和朝鲜关系进一步恶化，驱使投资者把资金转移至包括黄金等被视为避难所的贵金属市场。此外，芝加哥联邦储备银行行长埃文斯认为美联储9月缩表相当合理的言论，对美元起支撑作用。

令吉兑美元汇价午休报4.2930/2960，较昨日闭市之4.2870/2910贬值。开市时，令吉兑美元报4.2870/2910。

Wah! Ambank up against the odd. Leave us alone, goldentriangle. No share don't kacau lah!

Ringgit is weakening. Hope wouldn't go to Holland.

Sucker. No way to transfer this year.

Wait at RM 1. Faster sell down.

OMG. Maybank is the best bank.

http://www.klsescreener.com/v2/news/view/266517

Buy as much as possible. Hardly see undervalued. Like last time went down to below RM4. Those bought very happy.

http://www.klsescreener.com/v2/news/view/265935

wait and see affin result. argument is useless.

The result should be positive. Only question how well is it? Third Q is confirmed good result since we have fintech company.

The above are the extra values of Maybank.

http://klse.i3investor.com/m/blog/sin_chew_hot_stocks/129564.jsp

Joetay, even at RM15, Maybank can still provide more than 3% dividend. That is one reason. After all, it is the largest and strongest bank here. Market should consider that.

Ringgit can't be strengthening as 1MDB issues are always haunting. Invest in export stocks is always a good decision.

Good comments.

Ringgit can't be strengthening as 1MDB issues ate always haunting. Invest in export stocks is always a good decision.

My TP RM 15. Don't laugh.

Normal correction. It comes and go.

Normal correction. It comes and go.

Temporary. Got holding power will gain. Contra players lose.

Latitude is a stingy stock. Hevea is a generous stock. Can't compare.

Stingy stock.

Up.

Right.

Beza has 70000 units (700 lots). 1 lot = 100 units shares.

No problem.

He is hinting you a super investor has been eating ikan bilis all this while. Be alert.

Yes

one insurance implies banks. shadow.

This is Reit. We invest it for dividend. For capital gain, it takes time.