i got IGBREIT, PAVREIT and YTLREIT....all the DY is not bad....capital also gain...slowly but surely.
KLCC very expensive dont have enough $$$$ to invest yet but will keep in mind. Now i concentrate all my $$$ into IGBREIT and YTLREIT. Once it hit what i want to keep, then will look into others.
for me long term for IGBREIT and some other REITs is definitely yes
simple reason only :
1. stable share price compare with equities
2. stable revenue and net rental income (IGBREIT have 2 shopping malls only and both also almost 100% fully rent out)
3. high dividend better than put in FD
4.simple comparable to equities, you need to do lots of homework and reserach and monitor a lot of things scope will be more simpler and easy if u invest in REITs and IGBREIT even more simple only have 2 shopping malls SUNREIT, YTLREIT etc have much more properties, so need know more
In the really long term, it depends. If you're old enough, you will remember Campbell Complex, Yowchuan Plaza, Sogo, Ampang Park, The Weld, Fitzpatrick's. All of them are changed or gone now. It's doing fine now but we'll see in 30 or 40 years.
i'll be dead in 30 or 40 years time. Before that i would have enjoyed the quarterly income distribution and capital gain. Thats what matter.
IGBREIT today price adjust to 1.97 due to XD.....first transaction went thru at 1.93 and not in less than half a day it bounce back to 2.02. Not bad for a counter to re-bounce from XD like this counter.
I saw Lot 10 built up....Menara Maybank, Tabung Haji, KLCC, KL Tower, Mid Valley and even Istana Hotel built up...but i dont recall Fitzpatrick.
Mall and building management are very different now, its more organised and managed compared to previous. Look at Sungai Wang, it was the most sought after back in the 90's but because of poor management, it went on a slide and down all the way. If not for the monorail and location its in, it would be buried long ago.
@MK4872 you don't remember Weld either? or Lin Ho or Globe? that might have been before your time. Yes lots of places are a pale shadow of what they once were - Globe's Tan Sri Kishu is the saddest - his entire immediate family is bankrupt now. Remember Parkson? it was really popular at one time too.
Point is, it seems very well managed now, but it's only one building in one country - there's a concentration risk here that people may be ignoring. Also it would be illogical for yields to be below risk-free, so there's probably limited upside to this.
Usually dividend is credited into your bank account via e-dividend. Should arrive latest about one week after payable. If it doesn't you will need to check with your broker.
If one were to note idunwork's remark that price falling because the high price (above rm2.00?) is not justified and Tipster's reckoning that "funds" are selling and that one should follow them in abandoning ship, and that the ship may sink to level of rm1.60 is interesting as the level of sinking appears similar to that of public bank share price sinking from rm25 to about rm19 i.e. proportionally from the peak price. So let us watch how the price unfolds.
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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....
RainT
8,448 posts
Posted by RainT > 2019-07-06 12:27 | Report Abuse
before this share price run up
IGBREIT DY is above 5%