REITs are good long term investments, keep and compound, the ony risk is the rate hike in the next 12 to 24 months. when that come, either sell before or wallop like no tomorrow ahaha. Last time Chairman Bernanke time Taper Tantrum oso masih fresh in memory. cry cry but finally there's rainbow after the rain :)
"IGB said it will dispose of the 10 properties for a total consideration of RM3.15 billion, which would be satisfied via the issuance of 2.31 billion undivided interest in the new REIT, as well as cash balance.
The 10 properties comprise seven in Mid-Valley city, namely Menara IGB, Centrepoint South, Centrepoint North, Boulevard properties, Gardens South Tower, Gardens North Tower and Southpoint properties.
The remaining three properties are Menara Tan & Tan, G-Tower and Hampshire Place, all located in Kuala Lumpur."
Offices and commercial buildings currently owned by IGB.
so bad la this gomen using super arbitrary 24 hours notice close lidat. dunno la. what will happen to retail REITs. all koyak like this. economy in 2021 will be worse than 2020 if they open close open close like fridge door. Neelofa go Langkawi, go buy karpet, never want to slap that bith. now when cases everywhere, baru wanna close the whole world.
aiyo. double edged sword la exposure to REIT. one is the income, the other is valuation. income is affected by closure.. valuation is even scarier; there is a real risk that in the next 12 to 24 months, when the US Fed start a bout of tightening, confirm gao2 collapse global REITs like in 2013 taper tantrum drama. so now wanna go big big also think 10 times. urgh
This price is not sustainable at all. RM1.7.. 1. Dividends will be impacted from the closure of lockdown 2. Valuation will be impacted by a similar taper tantrum drama in 2013 when Fed starts hiking rates (REITs are most sensitive to rate hikes)
i am just waiting on the sidelines, drinking kopi before bothering to go in again. lets see how it moves
lousy la dividend is too low. at this price, even if 2 sen each quarter, ony 8 sen per annum...on RM1.7 thats 4.5-ish. why bother why bother why bother. better sapu Tenaga. no withholding tax and all BS.
must drop more more more and pray Fed Reserve mess up global interest rate so this stock can properly come down hahaha
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....
Condom004
398 posts
Posted by Condom004 > 2021-01-21 06:14 | Report Abuse
Igb ipo price Rm1.25 ...i waiting break down this price