Posted by i3kyan > 2023-12-21 12:12 | Report Abuse

may i know where can i check the details of IDRP? i cant find anywhere google.. :(

Posted by Brutus > 2023-12-21 12:29 | Report Abuse

i3kyan, why check google? Check on official BURSA announcement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3395859&corporate_action=1

Posted by i3kyan > 2023-12-21 16:49 | Report Abuse

@Brutus, thanks so much

Posted by bilisinvestor > 2024-01-18 00:38 | Report Abuse

I think the coming qr will not be so good

Posted by GreatDreamer > 2024-01-24 13:53 | Report Abuse

4q23 result better than expected. Div 2.4sen. 2023 rent reversion 5.9%. Trouble Axis Steel Centre@ SiLC found tenant.

Likely qtr div 2.4sen is sustainable in 2024.

Strong emphasis on Green factory make Axis stand out n continue attract tenant.

Posted by weesiong91 > 2024-02-24 23:57 | Report Abuse

silc i think not easy to get a new tenant

Posted by KingKKK > 2024-04-21 19:34 | Report Abuse

Unfazed by Volatility: 5 Malaysia REITs with Strong Fundamentals (KingKKK) - AXREIT, CLMT, IGBREIT, SUNREIT, PAVREIT

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-21-story-h-182972911-Unfazed_by_Volatility_5_Malaysia_REITs_with_Strong_Fundamentals_KingKKK

Posted by GreatDreamer > 2024-04-23 13:28 | Report Abuse

Acquired Amsteel Bukit Raja land RM352m. Gearing go up from 0.34 to 0.42. Year end Private Placement again?

Since Axis price movement is quite stable, PP placees r biggest winner since they got discount about 5%.

Posted by Brutus > 2024-04-23 20:23 | Report Abuse

Hopefully next QR, AXREIT will announce another round of IDIP again instead of PP. This way retail investors can benefit instead of just Institutional Investors (EPF) to benefit. Last round IDIP was priced at RM 1.70 only!

Posted by fong7 > 2024-04-24 17:07 | Report Abuse

I don't like PP because it almost always gave me odd lots, which is impossible or very expensive to sell. Unless i am big investor, who can buy lots of shares to round up the PP offers to avoid odd lots, which I am certainly not one of them.

Posted by fong7 > 2024-04-24 17:10 | Report Abuse

Axreit's performance is only stable but not improving, which is kind of disappointed. I thought its warehouse business (now including own property development capability) could enhance its profits. Maybe still need more years. This strategy has at least run more than 5 years now? Still not much fruit.

Posted by fong7 > 2024-04-24 17:11 | Report Abuse

Expecting at least above 5% increase in yield p.a. for a 10 year performance. But seems didn't happen at all.

Posted by Brutus > 2024-04-24 19:36 | Report Abuse

@fong7, PP= Private Placement, usually offered to big institution like EPF.

Posted by i3kyan > 2024-05-02 10:13 | Report Abuse

any good news on the reason it suddenly come up?

Posted by GreatDreamer > 2024-05-02 11:42 | Report Abuse

Price go up as high as RM1.95 after disposing ASC@Silc for RM162m. Disposal proceed enable recycle capital for new acquisition. Therefore, Private placement not so soon unless another big acquisition coming.

Posted by PassionateInvestor > 2024-07-24 10:07 | Report Abuse

"Gearing should increase to 41% following these acquisitions, but the REIT will plan to undergo a placement to repay its borrowings" - RHB-OSK
Not another one...

Posted by GreatDreamer > 2024-07-30 11:36 | Report Abuse

2Q24 div 2.25sen disappointing. RM180m Axis Mega DC2 completed built in Mar24 has no tenant!

Posted by PassionateInvestor > 1 month ago | Report Abuse

EPF is continuously selling at the current price so that they can buy it cheaper during private placement? How ridiculous...

Posted by Brutus > 1 month ago | Report Abuse

Added more position today in anticipation for the coming income distribution.

Posted by remus > 1 month ago | Report Abuse

declare two times div 2.35 & 1.11 this QR, next Q can expect another div of 2c+?

Posted by Brutus > 1 month ago | Report Abuse

@remus, the 1.11c dividend is for the period 1/10 till 12/11. AXREIT is treating existing unitholders fairly as 13/11, they will list additional new shares (Private Placement). So, next quarter the income distribution is only for the period 13/11 to 31/12 with dilution. Hence maybe at best expect another 1.0c.

Posted by GreatDreamer > 1 month ago | Report Abuse

Axis bought Xin Hwa Pasir Gudang Warehouse RM75m in 2021.

"Xin Hwa warns of adverse impact as cargo transport unit’s licence suspended by authorities"

https://theedgemalaysia.com/node/732770

Posted by fong7 > 2 weeks ago | Report Abuse

Anything bad happened to Axreit? It keeps dropping for months.

Posted by Patrick Ling > 1 week ago | Report Abuse

Nothing bad happened. The price is falling due to the dilutive effect of private placement. Should take the opportunity to accumulate. Coming quarter results should be stronger.