Posted by ks55 > 2018-04-17 09:20 | Report Abuse

Biased opinion (not a professional, impartial recommendation) to buy MQReit.
Why?
Interested party on acquisition from MRCB at grossly overpriced properties at KL Sentral.


MQ Reits Managers cheat.
Why EPU decreased?
Why Platinum Sentral registered revaluation losses up to 25m?

Answers:

1. Platinum Sentral simply overvalued when it first injected into QC Reits. Rental not commensurate with amount paid. Have to write down even more for coming 3 years to reflect market value.

2. Menara Shell will have to write down in 2 years time to reflect market value.
Again MRCB simply injected over-inflated assets into MQ Reits.

3. Further issuance of units to vendors and Managers diluted EPU.

4. Rental and occupancy can only go south in coming years due to oversupply of office space.


Recommendation:

Forget about the income distribution.
MQ Reits is going to laosai after ex-date.
19/01/2018 19:36

Posted by ks55 > 2018-04-17 09:27 | Report Abuse

MQ Reits has been used as cash cow for MRCB.
Sooner or later, you will see MRCB injects all its KL Sentral properties into MQ Reits at grossly over-inflated price, hence passing the financial burden from MRCB to MQ Reits unit holders.
If you don't like to be paymaster for some over-inflated properties, vote with your legs.
06/02/2018 10:24

Posted by Jessie Ng > 2018-04-17 10:04 | Report Abuse

great