Yes, I like retail REITs. But to invest in CMMT must have second thought. Just go to Sungai Wang, what do you see? Go to IOI City Mall in Putrajaya. What can you conclude? Hektar is most resilient and consistently pay out at least 10.4sen DPU. This work out to have DY 7.2% based on 1.45 share price.
As for office REITs, try to avoid QCT as PS acquisation is not at arms length. If waiver for PAC not granted, or PS acquisation aborted, then QCT is a good buy. Try to avoid any other office REITs because it will be getting harder and harder to find tenant.
Industrial REITs, best buy is still Atrium. No doubt Atrium Puchung is vacant right now, with able property manager, it will not be difficult to find tenant. Moreover, DPU for Jan 2015 will remain at 2.2sen (net profit from disposal of Rawang factory). This give DY 7.7% based on 1.17 share price.
For multi-dimension REITs, best choice is ARReit. Silverbird factory fiasco should be over in Jan 2015 with court proceeding (unless High5 play dirty trick again). Wisma Amanahraya in Jalan Semantan (Now rename Wisma ELM) is now lease to SEGI College University. In no time DPU will go back to 8 sen per unit.
Caution! Be caution!! Be most caution !!!! Don't trust MRCB will inject properties for new lease of life to QCT at arms length. Properties injected will be very much inflated. I don't trust QCM as someone has vested interest in these type of transactions.
Based on latest financial statements, The Star Business lists Sunreit, IGBReit, PavReit and CMMT among 100 Top Companies with dividend yields 5.6%, 5.6%, 5.1% and 6.3% respectively.
Ks55, thanks for sharing onsite reality-based info which I'm not privileged to as I'm from northern Malaysia. I also personally visited Gurney Plaza twice to gauge firsthand. Agree with you, media & even research analysts fr IBs show evidences of conflict of interest in their analysis.
The rentals from Sungai Wang (62% ownership) will recover in time... at least its doing better than BB Plaza.... In the meantime the increase in rentals from Gurney, Mines and East Coast will offset Sungai Wang...
Rental for Sg Wang will improve only after MRT is ready in 2017. Traffic too bad right now.
IOI City Mall in Putrajaya practically entice most residents from Putrajaya, Cyberjaya, Kajang, Sri Kembangan, Puchong South and nearby area. It is simply too good to resist. Why go to the Mines with ah pek appearance when you have a brand new first class mall nearby. Newly open less than a month and already near to 80% occupancy. Just pay a visit to appreciate it yourself.
On behalf of the Board of Directors of CapitaMalls Malaysia REIT Management Sdn. Bhd., the manager of CMMT, CIMB is pleased to announce that the Board had, on 24 June 2015, fixed the issue price of 239,635,600 new Units (including 87,035,600 new Units to CIL) at RM1.32 per Unit and successfully identified placees for the Proposed Placement to raise gross proceeds of RM316,318,992, following the close of the bookbuild exercise.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smartly
6,442 posts
Posted by smartly > 2014-11-13 09:53 | Report Abuse
Sapu....