Posted by kkng0819kk > 2014-03-02 10:26 | Report Abuse

If placement can add value to company ,we sokong loh!if not we blame the management la!

Posted by Alphabeta > 2014-03-02 14:06 | Report Abuse

Since YTLREIT earning is falling behind income distribution, new investors definitely required better yield for their buck for the risk of having lower yield if distribution not sustainable.

Based on last year distribution per unit of 7.38 sen, should the placement be make at 90 sen, the after tax yield will be 7.4%.

the management needs to:
a> regularize its debts level, by doing so it reduces interest costs and restructure its debts in future for better rate.
b> improve earning from its Australia and Malaysia Hotels in future.
c> potential revaluation gain for its investment properties and recovering some of the forex translation loss to improve its NAV position.

Though cash flow wise it can sustain the current distribution, for longer term perspective and to be sustainable, the earning has to be higher or at least equal to the distribution.

Now it is a question of what is the placement price which will affect the total new units in circulation. Whether YTL management able to turn around hotel earning in future to make the distribution sustainable.

Posted by cclim88 > 2014-03-03 08:16 | Report Abuse

Cut loss? Or Average down?

Posted by sbsoo111 > 2014-03-03 11:03 | Report Abuse

hold la, already close to bottom, when right issue, make sure u subscribe

Posted by ronnie2u > 2014-03-03 12:03 | Report Abuse

Is there any Rights Issue ? I thought it's Private Placement.

Posted by sbsoo111 > 2014-03-03 12:16 | Report Abuse

new share rm310m issued to ytl holding, and the rm500mil still not confirm yet

Posted by Alphabeta > 2014-03-03 21:13 | Report Abuse

For your information, Dato' Mark Yeoh Seok Kah, the Executive Director of Pintar Projek Sdn Bhd, has personally acquired 1,000,000 shares at an average price of 95.82 sen per unit on 21/2/14.

The price fixing date for the placement has yet to be determine. SC approval was give on 30/12/13 and management has six months to complete the placement exercise. Normally the placement price will be based on 5 days volume weighted average price prior to price fixing date.

Posted by Alphabeta > 2014-03-03 21:20 | Report Abuse

Selling pressure is off today, don't have the opportunity to accumulate at the price i wanted.

Posted by cclim88 > 2014-03-04 10:37 | Report Abuse

Drop again. Gonna collect at 0.85.

Posted by kkng0819kk > 2014-03-04 10:39 | Report Abuse

Suda masuk 0.91.tunggu lagi durian runtuh!

Posted by smartly > 2014-03-04 10:41 | Report Abuse

5109 YTLREIT YTL HOSPITALITY REIT

MULTIPLE PROPOSALS

YTL HOSPITALITY REIT (FORMERLY KNOWN AS STARHILL REAL ESTATE INVESTMENT TRUST)(¿TRUST¿)(I) PROPOSED PLACEMENT OF NEW UNITS IN YTL HOSPITALITY REIT (¿PLACEMENT UNITS¿),AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM800MILLION (¿PROPOSED PLACEMENT¿);(II) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF YTL HOSPITALITYREIT FROM 1,324,388,889 UNITS UP TO A MAXIMUM OF 2,125,000,000 UNITS (¿PROPOSEDINCREASE IN FUND SIZE¿); AND(III) PROPOSED INCREASE IN BORROWING LIMIT TO 60% OF TOTAL ASSET VALUE(¿PROPOSED INCREASE IN BORROWING LIMIT¿)

Posted by smartly > 2014-03-04 10:45 | Report Abuse

propose
1. placement of new units
2. increase fund size
3. borrowing limit to 60%

Posted by smartly > 2014-03-04 10:46 | Report Abuse

all mean to raise money, dilute eps...

Posted by smartly > 2014-03-04 10:47 | Report Abuse

are they acquiring new properties ?

Posted by smartly > 2014-03-04 10:47 | Report Abuse

is a bad idea to buy now i think.

Posted by cclim88 > 2014-03-04 18:22 | Report Abuse

I think they are planning for something. If not there don't need to horde so much cash.

Posted by my101home > 2014-03-04 18:33 | Report Abuse

no lah... the cash call is to pare down current debt. They borrowed a lot to fund australian acquisition earlier on

Posted by cclim88 > 2014-03-05 08:16 | Report Abuse

Good or bad news? Offshore hotel earning money?

Posted by Alphabeta > 2014-03-06 22:03 | Report Abuse

Just reported Australia last quarter GDP 0.8% exceeded the 0.7% expectation. Aussie dollar strengthen over the past 3 days. So there will be translation gain in the coming quarter result from YTL Reit. Couple with better operation result from Aussie Hotels, the PAT per unit will be closer to the targeted distribution per unit.

Posted by sbsoo111 > 2014-03-07 14:52 | Report Abuse

usually YTL purposely act slowly on their actual intention. we do not need to rush in.

Posted by Fat Cat Tim Buddy > 2014-03-07 15:59 | Report Abuse

other reits already rebounding, only this ytl-reits still act like a 'salty fish' - die and dry...

Posted by smartly > 2014-03-07 16:07 | Report Abuse

cat you own this ?

Posted by sbsoo111 > 2014-03-07 16:17 | Report Abuse

look at amfirst, it still in the progress of dry out.

Posted by Fat Cat Tim Buddy > 2014-03-07 16:24 | Report Abuse

ya i have some , not much , buy at 0.935 and 0.895 before ex... kikiki, almost all the ytl companies shares i bought also kinda holland already.. this ytl.. sigh... kikiki

Posted by smartly > 2014-03-07 16:28 | Report Abuse

got placement of new units under proposal.
will dilute after this.

Posted by ysleong8 > 2014-03-08 03:42 | Report Abuse

Boss and wife bought 1 mil shares each at 95.5 sen and 93.5 sen respectively before ex income distribution so present price is cheap

Posted by cclim88 > 2014-03-10 14:26 | Report Abuse

Why so quiet? When is the new placement?

Posted by kkng0819kk > 2014-03-12 18:30 | Report Abuse

Key in to buy at0.88 for past few days,tak dapat lagi!

Posted by Sdrg > 2014-03-12 21:47 | Report Abuse

Gotta look further ahead... after the placement... there will be a dilution effect .... however the gearing will be much lower... giving the company room for more acquisitions...

Posted by kkng0819kk > 2014-03-13 11:48 | Report Abuse

Very few msian com had done well in oversea hotel investments! Eg mulpha

Posted by kmchua888 > 2014-03-26 11:24 | Report Abuse

Buy more at RM0.905 today

Posted by Alphabeta > 2014-03-27 16:28 | Report Abuse

Some statistic update on Australia tourism industry in the coming years. These could translate into better performance for YTL Hotels in future.

Tourism Australia will spend a record $200 million on advertising again in 2013, much of it in China.

Federal Government figures released today show Australia had 6.3 million international visitors in 2012, with visitors from China continuing to increase at almost 20 per cent a year.

Last year around 700,000 Chinese tourists flocked to Australian shores, splashing more than $4 billion across the economy. But within six years it is hoped that spend will be closer to $20 billion.

In total, visitors from Asian countries spent almost $30 billion across the local economy during 2012-13.

Tourism Australia's Andrew McEvoy says it is important to understand the needs of Chinese tourists.

"The Chinese consumer is the highest spending consumer we get," he said.
"They spend on average over $7,000 each.
"It means that you don't have to get mass volume. You get good volume with great yield."

Editor of Vogue China Angelica Cheung says over the past few years the rise of the rich and the middle class in China has led to the appetite for luxury holidays, products and experiences taking off.

Posted by Alphabeta > 2014-03-27 17:36 | Report Abuse

Another interesting article on Australia tourism showing Asian tourists arrival from years 2000 to mid-2013. Australia govt is actively promoting tourism as its key industry for growth.

http://www.businessinsider.com.au/chart-the-stunning-rise-in-the-number-of-chinese-tourists-to-australia-2013-10

Posted by ejtic > 2014-03-27 21:07 | Report Abuse

swee swee boh chow chooi..

Posted by kkng0819kk > 2014-03-28 18:19 | Report Abuse

Received div today,can yam char la tomorrow!

Posted by Alphabeta > 2014-03-28 21:09 | Report Abuse

Have a look at the websites of the three Marriott Hotels bought by YTLReits. These hotels are quite strategically located.

http://www.marriott.com/hotels/travel/sydmc-sydney-harbour-marriott-hotel-at-circular-quay/
http://www.marriott.com/hotels/travel/bnedt-brisbane-marriott-hotel/
http://www.marriott.com/hotels/travel/melmc-melbourne-marriott-hotel/

Posted by Alphabeta > 2014-03-28 21:31 | Report Abuse

A recent study done by Deloitte on Australia Hotels

27 February 2014:

Hotel occupancy rates in Australia’s south east have hit record highs on the back of shifting
patterns of demand and a modest, albeit strengthened, near term supply pipeline.

Releasing Deloitte’s latest Tourism and Hotel Market Outlook, Deloitte Access Economics’ Lachlan Smirl said: “As the Australian economy transitions from a growth phase underpinned by resource sector construction to a more diversified one, travel patterns are gradually shifting away from the big mining states. At the same time, improved conditions for leisure travel – both inbound and domestic – are underwriting robust demand growth across several regions.

“These trends have been mirrored across our hotel markets, with Brisbane and Perth receding from their resource boom highs, and Sydney and Melbourne recording their highest occupancy rates in more than two decades.

Sydney and Melbourne, in particular, are recording their highest room occupancy rates in more than two decades, with city hotels nearing capacity several nights a week and demand predicted to increase, says Deloitte Access Economics’ latest Tourism and Hotel Market Outlook report.

Overall, Australian hotel demand is set to more than double available supply over the next three years, a situation that will only push room prices higher.

http://www.deloitte.com/assets/Dcom-Australia/Local%20Assets/Documents/news-research/Press%20releases/Simon%20Rushton/MR%20-%20Tourism%20%20Hotel%20Outlook%20-%20Hotels%20-%20February%202014.pdf

Posted by Alphabeta > 2014-03-28 21:50 | Report Abuse

YTL management has done their homework before investing in Australia.

In addition, it was reported that the Australian dollar has hit another four-month high as the prospect of a stable interest rate outlook continues to drive the currency higher.

If the Aussie dollar can maintain its strength, there will be a write back on the forex translation loss.

Posted by kkng0819kk > 2014-03-31 16:47 | Report Abuse

Tq .akphabeta for the articles

Posted by Alphabeta > 2014-04-02 16:04 | Report Abuse

Latest update on Aussie Dollar strength..

Posted on 1st April 2014, by Moneycorp Dealer Team, Moneycorp

The Australian, Canadian and New Zealand dollars all had a good week, even if they could not match the pace of the South African rand. The Australian dollar strengthened by one and a half US cents and by one cent against sterling.

For once, the Aussie dollar was helped by Reserve Bank of Australia Governor Glenn Stevens, who gave a positive speech about Australia's economic prospects without once mentioning the "overvalued" dollar. It also received some assistance from Chinese Premier Li Keqiang, who offered an upbeat assessment of the Chinese economy. He said he was confident that growth would be in "a reasonable range" despite facing "difficulties and risks".

Posted by cclim88 > 2014-04-14 16:58 | Report Abuse

How nice if everyday go up .5 sen......

Posted by dragonking > 2014-04-14 17:16 | Report Abuse

The one with most exposure to AUS is mulpha

Posted by kkng0819kk > 2014-04-15 12:54 | Report Abuse

Is mulpha 's hotel business in aus making money?i think no!

Posted by kkng0819kk > 2014-04-22 20:30 | Report Abuse

Why so quiet?incubation time?

Posted by Alphabeta > 2014-04-23 12:17 | Report Abuse

Mulpha Hotel Investment Group P/L is the wholly owned subsi of Mulpha Australia Ltd which in turn 100% owned by Mulpha International Berhad. Not able to get the financial report of the Mulpha Hotel Investment Group P/L but from the segment report from Mulpha International, from FYE 2011 and 2012, beside the normal depreciation and amortization charges.

There were RM 63.9 mil and 58.9 mil impairment of property and equipment (PPE) charges respectively. Impairment charges were taken mainly due to lower market value of the PPE compared to book value.

If you compute the EBITDA (approximately to cash generated), Mulpha Hospitality segment EBITDA is RM 168.4 mil at the back of RM 431.1 mil of revenue. Whereas YTLREIT's FYE 2013 EBITDA is RM 50.1 mil at the back of RM 179.2 mil of revenue.

Prior to the impairment charges in FYEs 2011 and 2012, Mulpha hospitality segment were profitable and contributed around RM 20 mil each in FYE 2009 and 2010.

I anticipate YTLREIT Australia Hotels financial result should improve over the next few years.

Posted by LouisChoo > 2014-04-23 15:38 | Report Abuse

I am new to investment. What is the net DY ? Any room for price to move up ? and why ?

Posted by Alphabeta > 2014-04-25 22:08 | Report Abuse

Dear LouiseChoo, net DY = [DPS x (1-tax rate)]/MPS, in REIT a small portion of the dividend declared is exempted from tax but for simplicity just take 10% as the tax rate.

YTLREIT has been paying a gross dividend of 7.3 sen per share (DPS), net of tax DPS worked out to be around 7.3 sen x (1-10%) = 6.57 sen.

Divided 6.57 sen by the current share price of 9.15 sen per share, the net DY will be 7.18% [ 6.57/9.15 x100%]

In order for the business to sustain the dividend payment in the long run, its earning per share [EPS] must at least equal or greater than the DPS. Any undistributed earning will be reinvested for growth, either by acquisition or value enhancement exercise.

Technically, market price can move up if the business is able to generate sustainable earning growth. Earning growth can only be achieved with revenue growth or increase in profit margin or both.

In the case of YTLREIT, revenue & profit margin growth depends on room occupancy rate and increase in room rate. These can only happen if the demand for hotel rooms far outstrip the existing supply. It takes a few years to build up the available room capacity to meet increase in demand. The Deloitte’s latest Tourism and Hotel Market Outlook predicted an increase in demand for hotel rooms in the next few years.

Beside the recurring rental income, the investment properties' market value also appreciated over time [capital gain]. This can only realized upon disposal of the properties with cash proceeds.

Posted by Rick Ng > 2014-04-25 23:20 | Report Abuse

wao, tomorrow obama will live in ritz carlton ^^

Posted by kkng0819kk > 2014-04-27 18:01 | Report Abuse

Rick ng-what will happen if obama refuses to pay his hutang?He aldealy overspent! Or he may opt to contra fr us for the mh370 sar operations?

Posted by Alphabeta > 2014-04-28 09:25 | Report Abuse

Dear kkng0819kk, even if Obama wants to contra the MH370 SAR operations, Govt will ask Petronas to foot the bill. If Petronas cannot meet the KPI, open more tenders for risk service contracts.