Posted by ryan_och > 2014-07-22 10:02 | Report Abuse

soooo dissapointed

Posted by derricksyl > 2014-07-23 13:18 | Report Abuse

This counter need long term invesment ......

Posted by goldisgold > 2014-07-23 17:23 | Report Abuse

I think less than 70% occupancy only... Hopefully occupancy will increase by next quarter...

Posted by SS661M > 2014-07-26 14:31 | Report Abuse

Net of tax 8.796sen only.

Posted by ronnie2u > 2014-08-14 10:01 | Report Abuse

Currently at it's 52-week low : RM1.33

Posted by caiyidesign > 2014-08-14 20:35 | Report Abuse

good to in now 1.33?

Posted by annchua > 2014-08-14 20:47 | Report Abuse

last qtr report profit decreased 25.55%...expect the office occupancy is still not at healthy rate for next and next next quarter...better stay out from this counter..

Towerreit used to pay dividend about 10.7sen/year, which roughly equivalent to dividend yield of 7.5~ 8%

Assuming next dividend also a disappointing 3.83sen, that means whole year dividend is 3.83x2=7.66sen

For REIT, market expectation is to get at least 6% dividend yield, so that means the price for this counter should be 7.66/0.06= RM1.276 or RM1.28 (to round up)

For 7% dividend yield, the price to enter is 7.66/0.07= RM1.09

For 8% dividend yield, the price to enter is 7.66/0.08 = 96 sen

Of course, it may not reach that low price, but this is just theoretical assumption only. It gives you a guide on which price is good to enter. Hope it helps. :)

Posted by rlch > 2014-08-14 20:52 | Report Abuse

Qcapita EPS 2.29sen vs Twr Reit 1.94sen; Qcap dividend 4.1sen vs Twr Reit 3.83 in latest quarter. Qcap is cheaper at RM1.16 vs Twr Reit RM1.33.

Posted by annchua > 2014-08-14 20:57 | Report Abuse

good point rlch...

if looking at 7 + sen of dividend yearly...which gives 7.5% or more, there are three other Reit at cost lower than RM1....which is Amfirst, Arreit and YTLReit..

Posted by haikeyila > 2014-08-14 22:21 | Report Abuse

there are differences in yield and growth expectations between retail, office, industrial and hospitality reits.

Posted by goldisgold > 2014-08-17 21:08 | Report Abuse

The main reason for the yield drop is due to a few tenants moved out, therefore contribute to low occupancy. If Tower management can get tenants in this quarter, then the yield will move back up.

Though Tower properties are all office and now office space is facing glut, Tower office still stands out among all others as they are all located at prime location.

Posted by regnig > 2014-09-02 16:21 | Report Abuse

Goldisgold, was it AIA moved out?

Posted by SS661M > 2014-09-10 18:26 | Report Abuse

It will drop lower & lower. There are so many mega projects going on. Occupancy rate of old building will drop. Bank interest rate will hike further you won't be able to beat inflation rate of 4% next yr if only rely on dividend. You need share price appreciation. I sold all & switch to LTKM, a poultry company that pay 5% div. Hometitz, a furniture maker that pay 6% div, Scientx, with management that always act in the best interest of shareholders also increases divided yr after yr. Don't get trapped here. Wake up!

Posted by LATO' SELI > 2014-09-22 23:53 | Report Abuse

Scared to hear these

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

TP 1.10 - 1.15. occupancy super low below 70%, coz office AIA 100% moved out.

Posted by yheehong > 2014-10-01 09:21 | Report Abuse

Is there any online forum to discuss specifically on REIT investment? Anyone can advise?

Posted by regnig > 2014-10-04 16:26 | Report Abuse

Price will be around 1.33 until new tenants move in to replace AIA

Posted by regnig > 2014-10-13 10:46 | Report Abuse

Have to cut loss

Posted by assaji > 2014-10-24 09:51 | Report Abuse

Does this Reit even have a website?

Posted by huat888 > 2014-10-24 09:56 | Report Abuse

http://www.tower-reit.com.my/

Posted by rlch > 2014-11-05 02:49 | Report Abuse

Profit keep dropping. Better switch to cheaper Reits like AmFirst, Arreit or Qcap.
http://klse.i3investor.com/servlets/stk/fin/5111.jsp

Posted by assaji > 2014-11-05 09:08 | Report Abuse

huat888 Click on that link and see where it takes you to. LOL

Posted by derricksyl > 2014-11-05 10:01 | Report Abuse

TP 1.15

Posted by yheehong > 2014-11-07 12:57 | Report Abuse

Bad counter. Dividend can't even match up with the price drop. Nett net is a lost.

Posted by weng77 > 2014-11-12 22:09 | Report Abuse

Excess supply of office at kl has pressure the rental and reduce the occupancy rate of old office block..the share price of this counter will drop till the yield match the reit yield rate..wait and see..

Posted by weng77 > 2014-12-30 14:44 | Report Abuse

Menara ING sold at RM 132 mil and book value of the property RM 101 mil..Great deal for this transaction with positive earning. it could use the proceeed to pay debt, redistribute as dividend or purchase other asset... Good move for this deal at good price.

Posted by goldisgold > 2015-01-01 10:40 | Report Abuse

40.4mil profit from the sale. If the management distribute this amount to shareholders, it will be roughly RM0.14 per share..

Posted by sheep > 2015-01-01 10:45 | Report Abuse

No way. Quoted profit used to repay borrowings to lower gearing...

"Proceeds from the Proposed Disposal will be used to repay bank borrowings "

Posted by sheep > 2015-01-01 10:48 | Report Abuse

Price shud go down to give better yield..

Posted by goldisgold > 2015-01-03 17:39 | Report Abuse

Total borrowing is RM114m. Sales RM132 - RM114 = RM18m left.

Posted by Leesk > 2015-01-26 15:45 | Report Abuse

Should distribute all the realised profit of menara ING to shareholders unless there is potential asset acquisition of RM 40.miilion.The shareholders has been waiting for so long on realise the capital gain which is reflected in the Net asset value. This Net asset Value has been been reflected in the share price. So far the REIT trust is not active on acquisition. Any good asset from the Hong Leong group for injection?

Posted by goldisgold > 2015-03-04 22:08 | Report Abuse

Net income is 21.3m. Interest expense is 5.4m. If really settle all the debt, then net income will rise to 26.7m, which translate to 9.5 cent EPS.

Posted by bcchan5 > 2015-09-09 14:33 | Report Abuse

Why this counter so quiet? No posting for almost 5 months...

Posted by kang173 > 2015-11-02 22:54 | Report Abuse

This counter still can hold or not?

Posted by san3 > 2015-11-20 21:18 | Report Abuse

hold for dividends . price movement is nil .

Posted by goldisgold > 2015-12-05 15:15 | Report Abuse

Borrowings drop to 100k only.... Office rental market still tough though....

Posted by Tatsuya Kam > 2015-12-05 17:31 | Report Abuse

I also just hold for dividend only...

Posted by tarmizixx > 2015-12-18 16:29 | Report Abuse

I'd say this is the most undervalued REIT on bursa. strong & consistent free cash flow, debt nearing zero.

Posted by tarmizixx > 2015-12-18 16:31 | Report Abuse

Price per share 50% of book value. so cheap.

Posted by san3 > 2015-12-22 18:52 | Report Abuse

yes, debt free. no worries of fed rate increase . stable . only manage 2 properties. less headache

Posted by Zea XG > 2015-12-29 14:36 | Report Abuse

why going up?

Posted by stocknewbie > 2016-02-18 11:16 | Report Abuse

how come no movement today?

Posted by foxyz > 2016-04-11 15:18 | Report Abuse

is this stock dead?

Posted by Zea XG > 2016-04-28 09:44 | Report Abuse

strong results latest quarter

Posted by Yippy68 > 2016-08-11 07:02 | Report Abuse

Yes. No one interested with this counter. See ytl reit , hektar , mqreit etc, they are flying

Posted by Tan Kim Wee > 2016-09-14 23:48 | Report Abuse

can i buy? im new here

Posted by smartly > 2016-09-15 11:13 | Report Abuse

try other reits better...

Posted by Zea XG > 2016-09-21 15:32 | Report Abuse

Buy for long term. At current price, it has good yield with plenty of upside opportunity as detailed below:
1) Higher office space take up rate (unlikely within the next 2-3 years)
2) Office towers sold to realise NAV (unlikely within the next 2 years)
3) Asset injection to increase income (likely within the next 2 years)

Downside:
1) Tenancy % reduce (moderate likelihood within the next 2 years)

Posted by foxyzz > 2016-09-21 16:33 | Report Abuse

Bought in 2014...and it had been dying till now :(

Posted by Jason Lim > 2016-10-06 15:42 | Report Abuse

So many office space now, not good for REIT like this.