B very careful ....... directly or indirectly to do with YTL is not designed for minority shares holder !! Just look at the rest of YTL listing activities !!!
Now there won't be much growth for the stock but if you want to collect rental for retirement you can do it over time either monthly or ....At current price of .94 and div of 7 sen gross yield is about 7.4 % and what do you think ?
It will surpass RM1.00 before end of this quarter then hit towards RM1.10 before CNY when they declared another dividends for the year. YTL Group is collecting blue chip hotels into their portfolio for positioning themselves as luxury hoteliers.
Yes, today is just extraordinary. Institutional investors are buying for DY as the next dividend is coming in Aug and estimate 3.7 - 3.9%. So, YTD DY is >7% double our FD rates.
Starhill Real Estate Investment Trust (Starhill REIT) has declared a final income distribution of 3.6247 sen per unit for the six-month period ended June 30 2012, amounting to RM48.0 million. Combined with the interim dividend of 4.0112 sen per unit paid for the six months ended 31 December 2011, Starhill REIT’s total income distribution of the financial year ended 30 June 2012 stands at 7.6359 per unit, compared to 6.4855 sen per unit last year. This represents a yield of 7.2% per annum based on Starhill REIT’s 5-day volume weighted average unit price of RM1.06.
Francis Yeoh , CEO of Pintar Projek Sdn Bhd, which is the manager of Starhill REIT, said, “The completion this financial year of the rebranding exercise to transform the Trust into a pure-play hospitality REIT marks a turning point. Starhill REIT’s property portfolio has now been fully rationalised to focus on prime, yield-accretive hotel and hospitality-related assets. This has enabled us to achieve a 32% increase in the total income distribution from the Trust to RM101.1 million, compared to RM76.5 million last year, and a 17.7% increase in the distribution per unit”. Under the rationalisation exercise, Starhill REIT acquired the Pangkor Laut, Tanjong Jara and Cameron Highlands resorts, the Vistana chain of hotels, The Ritz-Carlton, Kuala Lumpur, the remainder of The Residences at The Ritz-Carlton, Kuala Lumpur not already owned by the Trust, as well as the Hilton Niseko in Japan, the Trust’s first international acquisition. Subsequently, in June 2012, Starhill REIT also entered into agreements to acquire the Sydney Harbour Marriott Hotel, Brisbane Marriott Hotel and Melbourne Marriott Hotel in Australia for a total purchase consideration of AUD415 million. The book closure and payment dates for the final income distribution are 3 August 2012 and 28 August 2012, respectively.
We refer to the announcements dated 13 June 2012, 1 August 2012, 12 October 2012, 15 October 2012 and 5 November 2012 in relation to the Proposed Acquisition.
On behalf of the Board, AmInvestment Bank is pleased to announce that the Proposed Acquisition has been completed on 29 November 2012.
Ben: Congrats to you man. What a great price to buy 1.03. So make handsome $$. Wait for this month dividend, u lagi kaya la... Tonite u become taukey ok?
Ben: Remember don't sell this stock. I think it's heading for record high by this week & before the dividend announcement. It's better to keep here & get the dividend than save in FD.
js00897, I guess what Kong Hui means 1.7sen X 4 quarter equal to 6.8sen (in a year). Dividend yield is Rm0.068 divided by RM1.12 X 100% = 6.07%. I guess this return is comparable to others REITS.
Looking at the depressing current share price the earning might not be attractive.
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Posted by optimus9633 > 2012-05-31 18:47 | Report Abuse
What happened to this counter?