Posted by sengtan > 2020-03-23 11:40 | Report Abuse

ya i also doesnt understand this counter why gone up ? perhaps due to storage in demad ?? or some fund trying to prop it up ? I sold it long time at 1.86

Posted by giorvana > 2020-03-30 23:30 | Report Abuse

KWAP buying. There hasn't been much substantial change to its share price, indicating its position as safe haven as REIT, bolstered by strong management, resilient asset portfolio as it consists mostly of warehouse and logistic instead of retail and hospitality which are being hit hard.

Posted by sianglong91 > 2020-04-11 00:59 | Report Abuse

This reit have giant tenures, additionally most of them are essential industry, sure ah kuat.
The share confirmed 5% annual return, not a bad reit I guess??

Posted by newbie2y > 2020-05-20 20:54 | Report Abuse

steady q1! thumbs!

Posted by RocketRider > 2020-05-29 14:54 | Report Abuse

What happen to Axreit today?

Posted by Peace99 > 2020-06-15 14:47 | Report Abuse

My respect to this counter! Today almost if my counters red, except this, Vsolar, hsl, mtouche!

Posted by Peace99 > 2020-06-15 14:48 | Report Abuse

Typo:almost all

Posted by Kenny Chua > 2020-06-15 15:22 | Report Abuse

Axis’s portfolio has increased by 2 to a total of 50 properties. More than 50% of Axis’s tenants are still operating during MCO; the warehouse logistics are fully operating as well as hypermarkets. Overall, Axis remains relatively stable and defensive amid the Covid-19 outbreak and MCO given their well-diversified portfolio (focusing on industrial properties, with considerable tenants offering essential services). There are 17.7% of total NLA expiring in FY20 and we expect a flattish rental reversion amid Covid 19 outbreak and MCO. We expect a better FY20 due to full year contribution from acquisition in FY19 as well as new contribution from newly acquired properties. We increase our earnings slightly by 0.4% for FY20 and 0.5% for FY21-22 to reflect contribution from newly acquired properties. We maintain BUY with marginally higher TP of RM2.47 (from TP: RM2.46).

We organized a conference call with management; the following are some of the key takeaways.

Portfolio. Portfolio size increased by 2 to a total of 50 properties. The 2 additional properties came from completed acquisition in Bukit Raja (from Lion Steelworks Sdn. Bhd.) on 17th Mar 2020 and acquisition in Kawasan Perindustrian Nilai II (from K Plastics Industries Sdn. Bhd.) on 28th Feb 2020.

Some tenants still operating during MCO. More than 50% of Axis’s tenants are still operating during the Movement Control Order (MCO); the warehouse logistics are fully operating as well as hypermarkets. Besides, 20% of manufacturing facilities are also still in operations (see Figure #1 for portfolio breakdown). Overall, Axis remains relatively more stable and defensive amid the Covid-19 outbreak and MCO given their well-diversified portfolio (focusing on industrial properties, with considerable tenants offering essential services). Furthermore, there are 150 tenants (out of 154 tenants) that do not have a force majeure clause; hence, Covid-19 and MCO should not have material impact to Axis’ bottom-line. Management shared that the most they can do as landlords to help their tenants is potential rental deferment. In any case, Axis believes that they are able to collect any outstanding rental before August’s dividend payout. As consequence, there is unlikely to be an impact for unitholders during this time.

Flattish rental reversion is expected. There are 17.7% of total net lettable areas (NLA) of portfolio are expiring in FY20 (See Figure #3). Management expects that it will be a flattish rental reversion this year amid Covid-19 and MCO. To compare with FY19, 22.4% of total NLA expired and Axis managed to successfully secured 96% leases with 2% positive rental reversion. As for retention, this should not be an issue as tenants are likely to maintain status quo and keep operations at the same location.

Dividend distribution to remain as usual. Management assured that they will maintain their dividend distribution policy of a least 95% of dividend payout ratio for 1st

to 3rd quarter while at least 99% of payout ratio for 4th quarter. This is in line with REIT policy of distribution of earnings of more than 95% to enjoy tax-free benefits.

Pipeline assets. There are 2 more pipeline assets from FY19 that have not been acquired yet (targeting to do so by 1H20): (i) 1 manufacturing facility in Shah Alam, Selangor (c.RM56m) and (ii) 1 manufacturing facility in Kota Kinabalu, Sabah (c. RM60m). Besides, Axis REIT is evaluating other assets to acquire, with an estimated total value of RM135m. Their acquisition plan is still ongoing amidst MCO but may be delayed as they cannot go onsite to do due diligence.

Outlook. We expect a better FY20 due to full year contribution from acquisition in FY19 as well as new contribution from newly acquired properties (acquisition of Bukit Raja and Kawasan Perindustian Nilai II), coupled with (hopefully) a post Covid-19 recovery. Axis REIT is still actively pursuing quality acquisitions with focus on Grade A logistics and manufacturing facilities as prime focus.

Forecast. We increase earnings marginally by 0.4% for FY20 and 0.5% for FY21-22 to reflect contribution from newly acquired properties of Bukit Raja and Kawasan Perindustian Nilai II.

Maintain BUY, TP: RM2.47. We maintain BUY with marginally higher TP of RM2.47 (from TP: RM2.46) to reflect contribution of newly acquired properties. To note, our valuation is derived from 1SD below 2-year historical average yield spread between Axis REIT and 10-year MGS yield in view of increased popularity in industrial properties, high occupant tenancy in its diversified portfolio and is also one of the few Shariah compliant REITs.

Posted by Peace99 > 2020-06-16 15:55 | Report Abuse

Thanks for the good report! Plan to hold long term.

Posted by hellbender > 2020-07-08 11:42 | Report Abuse

yeah just bought asap when OPR dropped. hedge against low interest environment. Is it me or i feel the economy is going to tank 2Q 2020 results will be bad for most businesses.

Posted by GTdyno > 2020-07-15 14:12 | Report Abuse

Why suddenly drop so much?

Posted by TheEdgeMarkets > 2020-07-20 15:35 |

Post removed.Why?

Posted by remus > 2020-07-22 12:43 | Report Abuse

who is dumping ? EPF keep collecting ....

Posted by zen_2k > 2020-08-05 15:35 | Report Abuse

Ppl buy to replace FD?... rates even competent vs EPF... the more people think markets are unstable, the more keen they are into investing in less riskier portfolios like REITS, and AXREIT happens to be one of the REITs who are in industrial properties, compared to the hit by Covid-19 hospitality and office REITs and is still aggresively making acquisitions, its not everyday u can see a "growth"-style REIT

Posted by newbie2y > 2020-08-26 21:03 | Report Abuse

as usual, steady even MCO!

Posted by zen_2k > 2020-08-27 19:29 | Report Abuse

https://www.theedgemarkets.com/article/axis-reit-buys-shah-alam-warehouse-rm95m

actively expanding ^^

Posted by investfuture > 2020-08-29 12:27 | Report Abuse

大马产托龙头Axreit（5106.KLSE）季报出炉，Revenue & NPI上升，可是DPU下滑目，前仍在快速发展中，不断收购产业，详情请看：

中文：
https://vitamincash.com.my/zh_CN/2020/08/29/axreit-2q2020-quarter-report-analysis/

english:
https://vitamincash.com.my/en_US/2020/08/29/axreit-2q2020-quarter-report-analysis/

Posted by Peace99 > 2020-09-10 11:35 | Report Abuse

Just want to repeat my 3month old comment: My respect to this counter! It is one of the few green counters in my portfolio today.

Posted by Sami_Value > 2020-09-10 15:21 | Report Abuse

retirees , if BN continue to cut OPR, put your FD money into this REIT

Axis REIT the only REIT showing defensive & growth characteristic with devidend yield play..

Posted by OldWiseMan100 > 2020-09-17 17:35 |

Post removed.Why?

Posted by Peace99 > 2020-09-21 09:42 | Report Abuse

Axis Reit, can go back to green even today?

Posted by Peace99 > 2020-09-22 11:21 | Report Abuse

ok, today so far one of my few counters not green yet....pretty sure will be green soon :)

Posted by kens88 > 2020-10-02 12:35 | Report Abuse

I first time receive reit income distribution. Why is it a bit less than the amount declared?

Is the reit auto deduct for the tax so that we don't have to declare twice?

Posted by newbie2y > 2020-10-02 22:30 | Report Abuse

kens88, out of the 2.15sen, 1.64 is taxable, 0.51 is non-taxable; for the taxable portion, we only get 90% of it as 10% is taxed.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3081676&corporate_action=1

Posted by kens88 > 2020-10-04 11:46 | Report Abuse

Thanks. Since it is already taxed, do we still need to declare in income tax?

Posted by DreamCustodian > 2020-10-04 12:35 | Report Abuse

Down 0.92%

Posted by DreamCustodian > 2020-10-04 12:35 | Report Abuse

Sikit saja la

Posted by DreamCustodian > 2020-10-04 12:35 | Report Abuse

But better start improving sikit also la

Posted by DreamCustodian > 2020-10-04 12:35 | Report Abuse

Good luck

Posted by newbie2y > 2020-10-05 17:25 | Report Abuse

kens88, no need :)

Posted by kens88 > 2020-10-05 20:22 | Report Abuse

Thanks for the info

Posted by karimboss > 2020-10-06 17:04 | Report Abuse

Over price with peanut dividend

Posted by newbie2y > 2020-10-21 17:34 | Report Abuse

another wonderful quarter!

Posted by investfuture > 2020-10-23 21:33 | Report Abuse

Axreit (5106.KLSE) 3Q2020 quarter report analysis

chinese
https://vitamincash.com.my/zh_CN/2020/10/23/axreit-3q2020-quater-report-analysis/

English:
https://vitamincash.com.my/en_US/2020/10/23/axreit-3q2020-quater-report-analysis/

Posted by invest4tomoro > 2020-11-02 16:29 | Report Abuse

got dividen 2.25 sen .. ex date 4 Nov

Posted by goodjoe > 2020-11-26 20:53 | Report Abuse

Excellent REIT, Axis is the best.

Posted by zen_2k > 2020-12-02 16:08 | Report Abuse

good entry point?

Posted by Pinky > 2020-12-02 16:11 | Report Abuse

Long time no see below 2.10...hmm

Posted by kens88 > 2020-12-02 17:54 | Report Abuse

Just top up some. If drop top up a bit more

Posted by fachoi > 2020-12-02 19:01 | Report Abuse

i also just average lol, like this good stock have to top up

Posted by Pinky > 2020-12-03 09:28 | Report Abuse

But the current net yield a bit low la, less than 4.0%

I think I wait at 1.80++

Posted by MDRIZWAN > 2020-12-08 13:31 | Report Abuse

i but at 2.13 waiting to reach 2.20 and above,

Posted by fachoi > 2020-12-10 09:21 | Report Abuse

just average when drop every 10sen, long term this reit will reach above RM2.2, they have steady income compared to other reits

Posted by Joejoe1985 > 2020-12-16 22:53 | Report Abuse

This maderfarker kwsp everytime want to buy share on any counter..the price keep on decreasing and volatile on intraday..especially counter with low volume like this..they made the counter like kepala bapak mereka punya..i really cannot see where the support is..they just langgar the TA..better wait until same as march's price

Posted by fachoi > 2020-12-17 09:00 | Report Abuse

that why lo....wait and average, long term we sure win one...this reit performance quiet good already compare to others, now economy also on recovery mode, should be no issue, cheers

Posted by Arigato > 2020-12-17 10:31 | Report Abuse

Axis is my first REIT.

Posted by fachoi > 2020-12-17 21:02 | Report Abuse

arigato, how about your first reit investment? haha

Posted by Arigato > 2020-12-18 08:15 | Report Abuse

fachoi, I hope this is a right choice ;)

Posted by fachoi > 2020-12-18 08:27 | Report Abuse

Quarter results during MCO period already shown their profitability, but have to average your price if you buy too high, lowest only RM1.66, no need too scare actually haha

Posted by Arigato > 2020-12-18 08:59 | Report Abuse

I get in by rm2.00, will buy again if if getting lower for average.