Posted by Victor Yong > 2020-08-05 23:23 | Report Abuse

Yes, the lessees are YTL Corp Bhd's subsidiaries, also zero credit risk :)

YTL Hospitality REIT- Value Emerges
Date: 04/08/2020

Source : AmInvest
Stock : YTLREIT Price Target : 1.26 | Price Call : BUY
Last Price : 0.765 | Upside/Downside : +0.495 (64.71%)

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Investment Highlights
We maintain our BUY recommendation on YTL Hospitality REIT (YTL REIT) with a lower fair value of RM1.26 from RM1.31 based on a target yield of 7% over its FY23 distributable income. We cut our FY21–FY22 distributable income by 48% and 41% respectively while raising that of FY23 by 13%.
YTL REIT’s market cap fell by RM255mil or 15.8% yesterday following the rental variation requested by tenants. YTL REIT is offering a discount of 50% for two years in a bid to provide relief to tenants until 30 June 2022. Consequently, tenants will pay the difference between the original rentals and reduced rentals on stages after the rental adjustment period or over the remaining tenures of the existing leases (Exhibit 1).
We reckon the market has overreacted over the rental variation. Based on our estimates, the loss of distributable income in its DCF value of FY21–FY29 (RM104.7mil) is much lower than the RM255mil fall in market cap as shown below. Our DCF valuation is based on a discount rate of 7%.
The rental variation does not involve any rental waiver as the rental difference will be paid to YTL REIT over time. Following the adjusted rentals, YTL REIT’s FY21–FY22 distributable income will be reduced by 48% and 41% respectively. Nonetheless, the repayment beginning 2023 will result in stronger distributable income in FY23 (+13%) to RM155.3mil and a further 15% to RM179.3mil in FY24.
We have lowered our fair value to RM1.26 per share from RM1.31 based on a target yield of 7% over its FY23 distributable income. We increase our target yield to 7% from 5% as we factor in the loss of time value of money.
We believe the stock is oversold and see the recent selldown as a buying opportunity. At its current price, the stock offers a potential upside of over 50% and decent dividend yield of 4.1%, 5.3% and 10.2% for FY21–23 respectively. Maintain BUY.
Source: AmInvest Research - 4 Aug 2020

Posted by Victor Yong > 2020-08-05 23:31 | Report Abuse

Aussie dollar has risen a lot. good for ytlreits :)

XE Currency Charts: AUD to MYR
6 Aug 2019 00:00 UTC - 5 Aug 2020 15:28 UTC AUD/MYR close:3.03175 low:2.52788 high:3.06361

Posted by Victor Yong > 2020-08-06 00:09 | Report Abuse

Lessees are subsidiaries of YTL Corp Bhd :)

The REIT said the decision was taken after considering the unprecedented impact of the Covid-19 pandemic on the hospitality sector and the estimated time frame of two years for the lessees to recover their market position plus market share, and return to profitability.

"The rental variations do not involve any rental waiver as the rental differences will be paid to YTL REIT group over time, with approximately 87% of the rental differences to be paid within 4.5 years after the rental adjustment period. Such payments (unlike rental waivers) will increase the distributable income for the benefit of unitholders in the relevant financial years," the REIT said.

Among the lessees are Star Hill Hotel Sdn Bhd, East-West Ventures Sdn Bhd, Prisma Tulin Sdn Bhd, Business & Budget Hotels (Penang) Sdn Bhd, Busines & Budget Hotels (Kuantan) Sdn Bhd, Syarikat Pelanchogan Pangkor Laut Sendiri Bhd, Tanjong Jara Beach Hotel Sdn Bhd, Cameron Highlands Resorts Sdn Bhd and Niseko Village K.K. and YTL Majestic Hotel Sdn Bhd.

Meanwhile, the properties involved in the rental variation are JW Mariott Hotel Kuala Lumpur, The Ritz-Carlton Kuala Lumpur Hotel Wing, AC Hotel Kuala Lumpur Titiwangsa, AC Hotel Penang Bukit Jambul, AC Hotel Kuantan City Centre, Pangkor Laut Resort, Tanjong Jara Resort, Cameron Highlands Resorts, Hilton Niseko Village, The Ritz-Carlton Kuala Lumpur and The Majestic Hotel Kuala Lumpur.

YTL REIT's share price closed one sen or 1.04% lower at 95 sen, giving a market capitalisation of RM1.62 billion. Year-to-date, the stock has declined by 30%.

Posted by Good123 > 2020-08-06 07:06 | Report Abuse

maybank-target price revised to 90sen pulak. ~18% upside from 76.5sen now. aminvest pulak RM 1.26, upside ~65%. up up up :)

Checking-out from FY21-22
4QFY20 results came in above our expectations with FY20 core net profit at 131%/122% of our/consensus’ estimates. Final interim gross DPU of 2.8sen was also declared (6.7sen in FY20 at 90% DPR). adjustments which came in as a surprise. We cut our gross DPU by 52-55%. Our new DDM-TP is MYR0.90 (Ke: 8.7%).

source: maybank

Posted by Good123 > 2020-08-06 07:13 | Report Abuse

near term tak syiok Saja. rental variation adjustments boleh dapat kembali nanti. bukan bagi free. TP 90sen , upside~18% from 76.5sen now, lokek

Posted by Good123 > 2020-08-06 07:36 | Report Abuse

probably ytl corp or Francis will buy some ytlreits units , greatly undervalued now

Posted by Good123 > 2020-08-06 07:47 | Report Abuse

Aug 6): Asian stocks looked set for a mixed start after three days of gains, while U.S. equities climbed amid encouraging news on the vaccine front and speculation over progress on a stimulus package. The dollar weakened against all major peers.

Futures dipped in Japan, were flat in Hong Kong and rose in Australia. S

Posted by Good123 > 2020-08-06 08:51 | Report Abuse

unit trusts funds/institutional funds/investors

THIRTY LARGEST UNITHOLDERS@annual report 2019
(as per Record of Depositors)
Name No. of Units %
1 YTL Corporation Berhad 860,280,889 50.47
2 YTL Corporation Berhad 74,115,600 4.35
3 East-West Ventures Sdn Bhd 62,500,000 3.67
4 Citigroup Nominees (Tempatan) Sdn Bhd
– Employees Provident Fund Board (AFFIN- HWG)
29,958,900 1.76
5 Syarikat Pelanchongan Pangkor Laut Sendirian Berhad 24,250,000 1.42
6 YTL Power International Berhad 20,496,900 1.20
7 Business

Posted by Victor Yong > 2020-08-06 09:48 | Report Abuse

rising , uptrend buy rate ~60% now

Posted by Victor Yong > 2020-08-06 09:49 | Report Abuse

from RM1.06 on july 13 to 77sen now.

YTL Hospitality REIT- Value Emerges
Date: 04/08/2020

Source : AmInvest
Stock : YTLREIT Price Target : 1.26 | Price Call : BUY
Last Price : 0.765 | Upside/Downside : +0.495 (64.71%)

Date Open Range Close Change Volume
05/08/2020 0.80 0.755 - 0.805 0.765 -0.025 (3.16%) 7,682,000
04/08/2020 0.81 0.79 - 0.83 0.79 -0.01 (1.25%) 9,870,500
03/08/2020 0.95 0.79 - 0.95 0.80 -0.15 (15.79%) 10,079,100
30/07/2020 0.96 0.95 - 0.96 0.95 -0.01 (1.04%) 380,800
29/07/2020 0.965 0.96 - 0.97 0.96 -0.005 (0.52%) 332,000
28/07/2020 0.98 0.965 - 0.98 0.965 -0.02 (2.03%) 691,700
27/07/2020 0.985 0.98 - 0.99 0.985 +0.005 (0.51%) 412,600
24/07/2020 0.995 0.98 - 0.995 0.98 -0.015 (1.51%) 672,500
23/07/2020 1.01 0.99 - 1.01 0.995 -0.015 (1.49%) 1,838,800
22/07/2020 1.02 1.00 - 1.02 1.01 -0.01 (0.98%) 324,300
21/07/2020 1.01 1.01 - 1.03 1.02 +0.01 (0.99%) 310,800
20/07/2020 1.02 1.00 - 1.02 1.01 -0.01 (0.98%) 253,200
17/07/2020 1.02 1.00 - 1.02 1.02 +0.02 (2.00%) 258,700
16/07/2020 1.01 1.00 - 1.01 1.00 -0.01 (0.99%) 364,900
15/07/2020 1.01 1.00 - 1.02 1.01 +0.01 (1.00%) 679,000
14/07/2020 1.05 1.00 - 1.05 1.00 -0.05 (4.76%) 1,891,600
13/07/2020 1.06 1.04 - 1.06 1.05 -0.01 (0.94%) 346,000

Posted by Victor Yong > 2020-08-06 09:57 | Report Abuse

buy rate hit ~70% risen 1sen already. just started engine

very determined buyers today probably institutional funds

Posted by Victor Yong > 2020-08-06 10:00 | Report Abuse

hope to see above 80sen before lunch break at 12.30noon

Posted by Victor Yong > 2020-08-06 10:07 | Report Abuse

just follow the uptrend wave :)

Posted by Tang Khangseng > 2020-08-06 12:52 | Report Abuse

Victor, don’t over do, it won’t help to push the price higher...I think it sound too scary when ppl read it as revenue is going to cut by half, for 2 years. That’s also mean dividend will be cut >50% and slowly revert after 2 years, if the situation is getting better after that.

Posted by Tang Khangseng > 2020-08-06 21:16 | Report Abuse

However, I see the long term prospect and good support between owner and lessees. It will recover when the situation of the Covid-19 is over, hopefully the company have the right muscle to withstand this situation. This is one of the good business which worth our support....Lol

Posted by Good123 > 2020-08-06 21:23 | Report Abuse

up till 78.5 today , just the start

Posted by mroys74 > 2020-08-10 11:11 | Report Abuse

80cents, here we go.

Posted by UncleFollower > 2020-08-11 20:38 | Report Abuse

Sponsor suspend master lease rent 2 years without asking minority shareholders. Say will pay back over 7 years in future, but anything can happen. Australia covid exploding. Marriot global occupancy 30%. YTL so lucky sitll so many supporters even at 80sen

Posted by dompeilee > 2020-08-12 17:43 | Report Abuse

Bought YTLREIT @ 78.5c 3 days ago.

Posted by Kelvin Ng > 2020-08-12 18:56 | Report Abuse

i want to ask if i buy the share on tomorrow which is ex date will i entitle dividend?

Posted by Jasper Lim > 2020-08-12 20:18 | Report Abuse

no

Posted by Eason123 > 2020-08-17 20:09 | Report Abuse

When can I get the dividend? I did not see in my rakuten account?

Posted by Tang Khangseng > 2020-08-17 20:45 | Report Abuse

28 Aug 2020, 大佬, do you know what are you buying or not?

Posted by Eason123 > 2020-08-17 22:20 | Report Abuse

I am a new bird. Thank you for informing.

Posted by memorylane > 2020-08-18 09:30 | Report Abuse

payment date is 28 August... rakuten is 3 days after payment date.

Posted by UncleFollower > 2020-08-19 15:06 | Report Abuse

Why would anyone buy YTLREIT at this time?

Posted by mroys74 > 2020-08-20 09:36 | Report Abuse

UncleFollower Why would anyone buy YTLREIT at this time?
19/08/2020 3:06 PM
Answer: Because the price is lower than last time.

Posted by WLiang777 > 2020-08-20 18:41 | Report Abuse

UncleFollower Why would anyone buy YTLREIT at this time?
Why not ? I think It depends which category of investors. value investors see it and will buy undervalue Stock and those investors invest on fixed income Assets as passive or income source ..

Posted by mroys74 > 2020-08-27 15:57 | Report Abuse

i hope so. thanks for the tips.

Posted by david0123 > 2020-09-03 13:32 | Report Abuse

This year end still.got dividend to pay?

Posted by gearupguy889 > 2020-09-04 09:48 | Report Abuse

cuti cuti malaysia..........

Posted by investfuture > 2020-09-08 21:43 | Report Abuse

中文：
https://vitamincash.com.my/zh_CN/2020/09/08/ytlreit-jun-2020-annual-report-summary/

English:
https://vitamincash.com.my/en_US/2020/09/08/ytlreit-jun-2020-annual-report-summary/

Posted by raymondlct126 > 2020-09-08 22:59 | Report Abuse

Please take note. Now, they changed the dividend pay out from Quarterly to Semi-Annually.

Posted by Ronaldo888 > 2020-09-09 11:09 | Report Abuse

ok and keep collecting for high dividen

Posted by Victor Yong > 2020-09-18 18:25 | Report Abuse

YTL REIT (FV: RM1.26). We may upgrade our stance for the property sector to OVERWEIGHT if: (1) banks are to ease lending policies on properties; or (2) consumer sentiment is to improve significantly.
Source: AmInvest Research - 3 Sept 2020

Posted by Victor Yong > 2020-09-18 18:27 | Report Abuse

Board: MAIN
Sector: REITS
Avg Volume (4 weeks): 1,786,505
4 Weeks Range: 0.745 - 0.805
52 Weeks Range: 0.70 - 1.38
Average Price Target: 1.01
Price Target Upside/Downside: +0.265

Posted by Victor Yong > 2020-09-18 18:46 | Report Abuse

Net assets per unit~RM1.50, at 74.5sen, less than 50% of net assets per unit

Posted by WLiang777 > 2020-09-18 18:53 | Report Abuse

At 4:50pm, 3.5mils shares was sold down at 0.745.

Posted by WLiang777 > 2020-09-18 18:56 | Report Abuse

If got holding power, long term will have handsome reward ! Last year private bank shares priced at 1.06 and target price was told at 1.35.

Posted by Tang Khangseng > 2020-09-18 21:35 | Report Abuse

Let's cross our finger and hope that the Vaccine is effective and roll out to the mass ASAP, this is the only way for the counter to come back and pay out the dividend. At this stage, to sustain could be already too much for asking....

Posted by Victor Yong > 2020-09-19 07:31 | Report Abuse

Pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Pintar Projek Sdn Bhd, the management company of YTLREIT, wishes to announce that Dato' Mark Yeoh Seok Kah, the Chief Executive Officer of Pintar Projek Sdn Bhd, has given notice of his dealings in the units of YTLREIT outside the closed period. The details of the dealings are as follows:-

Date of Acquisition

No of Units Acquired

% of Units Acquired

Price Transacted (RM per unit)

Remarks

10.09.2020 100,000 0.006 0.7575 Acquisition of units
11.09.2020 110,000 0.006 0.7573 -do-
14.09.2020 100,000 0.006 0.7550 -do-

Posted by Victor Yong > 2020-09-21 08:50 | Report Abuse

5109 YTLREIT YTL HOSPITALITY REIT
General Meetings: Notice of Meeting
52049
Indication: Notice of Meeting
Description: Notification to Unitholders of the fully virtual Eighth Annual
General Meeting of YTL Hospitality REIT
Date of Meeting: 15/10/2020
Time of Meeting: 03:00 PM
Venue: The Town Hall, 8th Floor, Menara YTL205 Jalan Bukit Bintang55100 Kuala
LumpurWilayah PersekutuanMalaysia
Date of General Meeting Record of Depositors: 08/10/2020
Outcome of Meeting:

You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by Victor Yong > 2020-09-21 08:52 | Report Abuse

To be taken private like YTLland, etc? Net assets per unit~rm1.50 .

Date Close
18/09/2020 0.745
17/09/2020 0.755
15/09/2020 0.76
14/09/2020 0.76
11/09/2020 0.75
10/09/2020 0.755
09/09/2020 0.775
08/09/2020 0.775
07/09/2020 0.76
04/09/2020 0.765
03/09/2020 0.765
02/09/2020 0.775
01/09/2020 0.785
28/08/2020 0.785
27/08/2020 0.80
26/08/2020 0.795
25/08/2020 0.77
24/08/2020 0.77

Posted by Victor Yong > 2020-09-21 09:11 | Report Abuse

Do what they did before too late probably

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS OUTSIDE CLOSED PERIOD

YTL HOSPITALITY REIT

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
DEALINGS OUTSIDE CLOSED PERIOD
Description YTL HOSPITALITY REIT ("YTLREIT")
- Notification under Chapter 14 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements on dealings in securities
Pursuant to Paragraph 14.09 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Pintar Projek Sdn Bhd, the management company of YTLREIT, wishes to announce that Dato' Mark Yeoh Seok Kah, the Chief Executive Officer of Pintar Projek Sdn Bhd, has given notice of his dealings in the units of YTLREIT outside the closed period. The details of the dealings are as follows:-

Date of Acquisition

No of Units Acquired

% of Units Acquired

Price Transacted (RM per unit)

Remarks

10.09.2020 100,000 0.006 0.7575 Acquisition of units
11.09.2020 110,000 0.006 0.7573 -do-
14.09.2020 100,000 0.006 0.7550 -do-




Announcement Info
Company Name YTL HOSPITALITY REIT
Stock Name YTLREIT
Date Announced 15 Sep 2020
Category General Announcement for PLC
Reference Number GA1-14092020-00090

Posted by Victor Yong > 2020-09-21 09:14 | Report Abuse

Ytl Starhill is under renovation now, no wonder :)

PETALING JAYA: Sunway malls anticipate to close the last quarter (Q4) of 2020 and start the year with sales and traffic normalising 90% compared to respective periods a year ago, barring a second wave of Covid-19.

A stringent movement control order (MCO) would be damaging for business, said Sunway Malls and Theme Parks chief executive officer H.C. Chan. (pic)

“Traditionally, Q4 is one of the strongest for malls and retailers. We are cautiously optimistic this can be achieved for Sunway, ” he said.

Sunway group is among the largest mall owners and operators with seven existing retail developments with net lettable area (NLA) of more than 5 million sq ft.

If those in the pipeline were to be included, it will have 7.7 million sq ft of NLA. The National Property Information Centre reported that mall space totalled 72.68 million sq ft in the Federal Territory of Kuala Lumpur and Selangor as at the end of March 31,2020.

Chan is optimistic about the year-end festive period based on August sales and car traffic flow, which recovered to about 80% compared to a year ago.

“Sunway malls have generally performed above standard industry level before the pandemic and we continue to outperform, ” he said.

Chan said the group has installed sensors for footfall, car traffic and at point of sales during the MCO.

“People are spending but there are concerns on the loan moratorium expiry which will weigh down sentiment. We will need to monitor that closely week-on-week in October, ” Chan said.

Good traction are from food and beverage, athletic and leisure wear, skincare and certain fashion categories.

“Trade categories like cosmetic, travel, cinema and wellness continue to face headwinds. The most challenged are cinema operators and travel-related goods retailers who have to contend with lack of content at reduced capacity and border closure, ” Chan said.

“We are collecting about 75% range of the rent payable for 2020, ” Chan said, declining to name any figures.

On the losses from the March 18 MCO to date, Chan said the group has set up a Business Partner Assistance Programme including rent relief, estimated at the 20% range of total rent payable for 2020.

It is a “painful albeit necessary step” in order to ensure business continuity.

Among its various sources of revenue, Sunway Bhd reported revenue of RM134.3mil and profit before tax (PBT) of RM32mil for quarter ended March 31,2020 for its property investment segment, under which its malls are parked.

Revenue decreased 39.2% from RM220.9mil achieved in the quarter ended Dec 31,2019. PBT dropped 64.3% compared with the preceding quarter’s PBT of RM89.6mil, according to its quarterly report posted on Bursa Malaysia.

Chan’s comment that this “is not a short-term zero sum game” underscores the prevailing uncertainty ahead as the world go in search of a vaccine.

“We are in a long-term relationship and the first objective is to survive this challenge. The second is sustainability, ” Chan said.

Action undertaken are “grounded on resolving issues, not complicating them”.

Resolutions include staggered settlement, marketing assistance, targeted rebate are the main staple. For critical cases, month-to-month or quarter-to-quarter solutions are considered, as opposed to full three-year contractual obligation. But this will be “selective and for justifiable cases only”.

As for closures, these are in single digit which confirms Retail Group Malaysia managing director Tan Hai Hsin’s comment in early September that about 5% of mall tenants had closed versus 10% of those located outside malls.

Chan said about 120 shops will be opening.

The pandemic has also accelerated digitalisation and there is a need to integrate offline and online solutions. This means investing in an online presence in the near term.

They will be launching a major digitalisation initiative early next year to provide a full offline to online experience, he said.

“We still believe offline will continue to play a significant part both in terms of experience delivery and income generation. Products and services like leisure and entertainment will become the staple of physical malls. Things that can be commoditised like clothes and shoes will move online, ” he said.

Tan said Malaysia’s retail industry enjoyed sales of RM513.2bil in 2019, contributing about 35% to the country’s gross domestic product.

Posted by Victor Yong > 2020-09-21 09:16 | Report Abuse

Pnb offered to take its reits private at rm1. If ytlcorp offers for ytlreits, also around rm1 at least. Net assets per unit ~rm1.50, mainly real estates / properties

Posted by Victor Yong > 2020-09-21 15:43 | Report Abuse

The YTL REIT attraction: High dividend yield, low PER | YTL Hospitality REIT was traded at an all-time high of RM1.36 in Jan 2020 but a closer look at its valuation now unearths an interesting trend

Posted by Victor Yong > 2020-09-21 15:43 | Report Abuse

Value emerged now :)

Posted by Victor Yong > 2020-09-21 16:04 | Report Abuse

swap share with ytlcorp if privatisation occurs lilke ytlland? mainly real estates/properties for ytlreits, net assets per share ~Rm1.50 vs 75sen current price

after privatising ytlland, ytlcement, etc, next ytlreits????? pnb had offered to privatise its reits last week too

Posted by Victor Yong > 2020-09-21 16:05 | Report Abuse

if ytlreits' net assets per share ~RM1.50, mainly real estates, privatisation offer price ~RM1 offered by pnb for its reits?