Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution").
Pinky, Dec dividend is OK. How about the recent announce dividend 0.24c, anything wrong? I thought is 2.4c?
Final Income Distribution of 0.24 sen per unit which is wholly subject to tax in respect of the period from 23 December 2022 to 31 December 2022 ("2022 Final Income Distribution").
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Income” as from: 08 Feb 2023 2) The last date of lodgment : 09 Feb 2023 3) Date Payable : 28 Feb 2023
Just noticed the below: EMPLOYEES PROVIDENT FUND BOARD (a substantial shareholder) disposed 706,500 shares on 26-Jan-2023. On 26-Jan-2023, the total day's volume for AXREIT was only 897,300. Meaning non EPF account, the free market volume was only 190,800 shares.
non-stop PP, but PP proceeds utilised to grow company doesnt seem to prove that earnings can go higher, although there is said to be impacted by 3 properties - 2 undergoing upgrade, 1 lease contract looking for new lessee - and some provision for bad debt... regardless, I grow sceptical... anyone can bounce off ideas?
Market is slowly and finally getting to it sense. More down down down for Axreit. Their super exposure on single customer exposure is finally hitting them very hard. If you like Logistics REIT I think Mapletree is a much better ones as it doesn’t have high single customer exposure.
Just some random thoughts after reading about National Energy Transition Roadmap (NETR)
Idea: Axis renting out rooftop / installing solar panel to sell green energy
For instance: Axis Shah Alam Distribution Centre 2 (SADC2) “145,314 square feet of rooftop area from Axis Shah Alam DC2 is tenanted by two tenants that have mounted solar electric generating systems.”
Based on some rough calculation from ChatGPT with data from year 2021 Assuming 140,000 square feet of solar panel installed (we assume not the entire 145,314 square feet are being installed with Solar Panel)
Energy Production per year: 4,139,100 kWh/year Energy Price Worth in MYR: MYR 902,121.8/year
Since Axis total lettable area is 12,726,260 square feet Assuming 10% of lettable area can be installed with Solar Panel
Energy Production per year: 35,478,000 kWh/year Energy Price Worth in MYR: MYR 7,734,204/year.
Challenges: 1. Existing tenants have the rights of the rooftop they are renting ? 2. Large scale CAPEX required for installation of Solar Panel ? 3. NETR does not go as planned ?
I don’t really have any solid data to support this idea, but it is on my mind for quite some time and personally I think it is a good opportunity for Axis.
Axis Real Estate Investment Trust (Axis REIT) has obtained a judgement in default against its former tenant at Axis Steel Centre @ SiLC in Nusajaya, Johor, over a default on rental payments and unexpired future rental payments amounting to RM110 million. Axis REIT said the judgement was served to Yongnam Engineering Sdn Bhd (YESB) and its corporate guarantor which is listed on the Singapore Exchange, Yongnam Holdings Ltd, as both parties did not enter their appearance in the lawsuit
It added that the current rental is RM250,000 per month where the rental rate shall increase by 8% for the period between March 1, 2026 to Feb 28, 2029.
The purchase price was based on the market value of RM48mil, as appraised by independent registered valuer, First Pacific Valuers Property Consultants Sdn Bhd, in its valuation report dated Aug 23, 20230.
Axis-REIT said the acquisition will be funded by existing bank financing, which will increase Axis-REIT’s financing ratio to 37.04% of the audited total assets as at Dec 31, 2022, which is still below the gearing limit of 50%, as prescribed by the guidelines on Listed Real Estate Investment Trusts issued by the Securities Commission
Solid good QR despite Yongnam and Bukit Kemuning properties being vacant. Recently completed/acquired properties almost made up the difference. When these 2 are tenanted, the distribution income will be way higher! IDIP is most welcome, just wished that the electable portion can be higher.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
b3uni9
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Posted by b3uni9 > 2022-12-28 09:29 | Report Abuse
how much is the dividend this time? i am confusing...