Posted by Beza > 2017-09-25 14:13 | Report Abuse

The new said unlisted/private REITs need to pay 24% tax even though they release 90% net profit as dividend --- New Government Ruling. This favors the present public-listed REITs where they don't be taxed at all as long as they release 90% net profits as dividend to shareholders.

Posted by shortinvestor77 > 2017-10-06 11:32 | Report Abuse

Al-Salam Real Estate Investment Trust
(Oct 5, RM1.00)
Maintain buy recommendation with a target price (TP) of RM1.15: We are mildly positive on Al-Salam Real Estate Investment Trust’s (Al-Salam REIT) proposed acquisition of a hypermarket asset in Terengganu as the leaseback will be based on a triple net lease structure.

Al-Salam REIT has proposed to acquire Mydin Hypermarket Gong Badak building in Kuala Terengganu from its vendor, Mydin Wholesale Cash and Carry Sdn Bhd, for RM155 million in cash (excluding acquisition expenses of RM2.6 million) — 2% below the appraised market value of RM158 million.

The deal also entails a leaseback arrangement of 30 years with rental step-up (5% every two years; monthly/annual rental not disclosed) and a triple net lease structure. The acquisition will be funded by borrowings and is expected to be completed in first quarter of 2018. The vendor is primarily engaged in the operations of a hypermarket, supermarket and emporium, as well as franchising, wholesale business and mall management.

We are mildly positive on the deal as a triple net lease structure would provide stable, recurring rental income to Al-Salam REIT with low occupancy risks. Based on our ballpark calculation, assuming a net property yield of 6% and borrowing cost of 5.2%, the hypermarket asset could raise our earnings per unit and distribution per unit forecasts for FY18/FY19/FY20 by 12%/4%/6% respectively.

The purchase could increase AL-Salam REIT’s gross gearing to 0.44 times and total property value by 17% to RM1.077 billion.

We maintain our earnings forecasts pending further disclosures from Al-Salam REIT. We continue to like Al-Salam REIT for its balanced portfolio consisting of stable assets on long and triple net leases, and the Komtar JBCC mall which provides earnings upside. — MaybankIB Research, Oct 4

Posted by Amit Khindriya > 2017-10-06 11:54 | Report Abuse

shorty - buy or not?

Posted by shortinvestor77 > 2017-10-06 14:15 | Report Abuse

With the injection of Mydin Hypermarket, its total property value will be RM1.077 billion. Funds will then consider to invest. Amit can queue at RM1 and wait for a year or longer if you are interested with low risk reits.

Posted by shortinvestor77 > 2017-10-06 14:27 | Report Abuse

RHB Investment Bank adjusts TP from 1.18 to 1.20.
https://klse.i3investor.com/blogs/nanyang_stock_expert/134404.jsp

Posted by shortinvestor77 > 2017-12-06 10:35 | Report Abuse

目标价：1.10令吉

最新进展：

Al Salam产托（ALSREIT，5269，主板产托股）以1.15亿令吉，向经营知名快餐连锁店的QSR品牌，收购全国22项产业。

根据协议，完成收购后，Al Salam产托将把产业租回给QSR品牌。租约为期3年，并可更新最长至15年。

为完成上述收购，Al Salam产托也建议私下配售最多20%的产托单位予第三方投资者。如最终成功售出约10.89%，公司预计可筹得6000万令吉。

行家建议：

我们正面看待收购计划，因公司将以三重式净租约（即租户承担建筑物所有相关开销）将单位租回给QSR品牌。

租金仍然待定。我们作出基本假设，如净产业回酬率可达6.2%（与QSR品牌2016财年的表现一致），那上述计划将成为潜在可增进收益的资产，而我们预测的加权平均资本成本（WACC）是5.9%（负债对资产比率为40:60）。

在等候有关上述计划的进一步披露之前，我们暂时维持财测。考虑到公司之前以1.55亿令吉收购Mydin超市和配售计划之后，我们预计净负债将由0.35倍，升至0.44倍。

另外，再假设以最新闭市价1.00令吉的5%折价来计算，私下配售计划料最终会售出6320万新产托单位，而这将把公司的总产托单位扩大11%。

http://www.enanyang.my/news/20171206/al-salam产托购qsr产业财测不变/

Posted by shortinvestor77 > 2017-12-13 15:32 | Report Abuse

http://www.klsescreener.com/v2/news/view/318519

Posted by shortinvestor77 > 2018-01-28 13:49 | Report Abuse

https://www.thestar.com.my/business/business-news/2018/01/26/winners-and-losers-from-interest-rate-hike-by-cimb-research/
Furthermore, there should be some uptick in interest cost for borrowings but we believe the impact would be cushioned as most M-REITs have their borrowings on fixed rates with long-term tenures, except for Axis REIT and Pavilion REIT. Our estimation shows that an increase of 25bp in OPR would impact M-REITs earnings by less than c.1.5%.
Read more at https://www.thestar.com.my/business/business-news/2018/01/26/winners-and-losers-from-interest-rate-hike-by-cimb-research/#32IoXSoGhtiE6fl5.99

Posted by pputeh > 2018-02-12 10:18 | Report Abuse

Will The recent statement my Mydin supermarket owner about consumers having less spending power affect this reit as it has interest in Mydin supermat in Trengganu

Posted by shortinvestor77 > 2018-02-12 21:17 | Report Abuse

Rental fixed and same before renewal.

Posted by Amit Khindriya > 2018-02-27 16:54 | Report Abuse

wtf?

Posted by Beza > 2018-03-09 15:32 | Report Abuse

http://klse.i3investor.com/insider/substantialShareholder/5269/09-Mar-2018/422246_921660605.jsp

Posted by Value Investor Coo1eo > 2018-04-18 13:41 | Report Abuse

Who is going to AGM tomorrow?

Posted by baobao4068 > 2018-07-15 15:09 | Report Abuse

（吉隆坡14日讯）Al Salam产托（ALSREIT，5269，主板产托股）放眼在未来3年，收购约10亿令吉的商用和工业资产。

《The Edge》引述管理该产托的白沙罗产托经理私人有限公司主席拿督卡马鲁扎曼报道，该公司通过增加投资组合内高收益资产，吸引更多投资者。

他续称，公司不仅会向母公司柔佛机构（JCorp）购买产业，也会向外部及第三方购买。

“个人认为，我会希望未来3年内，每年收购约3亿令吉的产业。每年要收购那么多资产对Al Salam产托料不是问题，因为柔佛机构有很多资产。”

不过他说，公司在考虑收购时，对产托要求和标准非常高，且会考量到双方的资本价值和收益。

卡马鲁扎曼也是柔佛机构的总裁兼总执行长。

若Al Salam产托成功在未来3年收购10亿令吉ID资产，其组合规模将从目前的9.28亿令吉翻倍。

收购将通过借贷和配售产托单位完成，因此Al Salam产托的规模也会随之扩大。

白沙罗产托经理总执行长万阿兹曼伊斯迈也说，目的是为了让Al Salam产托在基金经理和老练投资者的眼中变得更吸引人。

今年先砸2.7亿

他补充，Al Salam产托今年正在收购2.7亿令吉的资产，包括以1.55亿令吉收购瓜拉登嘉楼的Mydin超级市场，以及1.15亿令吉收购全马22家餐厅。

其中，Mydin超级市场是该产托首个向第三方购买的资产。

至于母公司柔佛机构，已准备将有素质的资产注入到Al Salam产托，不过，万阿兹曼说，也有第三方接洽公司，洽谈关于资产收购的事宜。

他说，只有高素质和高收益资产才能被注入组合。

Posted by amber03 > 2018-10-04 15:01 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5921021

Posted by Dakewlest > 2018-10-07 01:26 | Report Abuse

Good to buy?

Posted by Dakewlest > 2018-10-20 15:33 | Report Abuse

Bought yesterday.

Posted by shortinvestor77 > 2018-10-20 15:40 | Report Abuse

79 cents you got?

Posted by bulldog > 2019-03-21 09:29 | Report Abuse

Qbuy@80

Posted by Shang Kim > 2019-04-17 12:57 | Report Abuse

0.90 cents and going up

Posted by Mittens > 2019-04-22 17:58 | Report Abuse

Metro the anchor tenant has left JBCC and premises still unoccupied?

Posted by kong73 > 2019-06-07 17:48 | Report Abuse

In 3 years as salam reit property portfolio is expected to doube from 1 billion to 2 billion

Posted by dinobots > 2019-07-02 07:40 | Report Abuse

does it own the holiday onn which on top of komtar jbcc? or get rental from holiday inn?

Posted by kong73 > 2019-07-09 10:14 | Report Abuse

Holiday inn building is owmed by sks group as part of komtar jbcc development. It will help to boost and enhance komtar jbcc mall as the premier mall in johor city centre

Posted by LATO' SELI > 2019-07-17 19:42 | Report Abuse

All year high

Posted by Aerospace > 2019-10-21 14:35 | Report Abuse

got divident today

Posted by Aerospace > 2019-12-11 09:05 | Report Abuse

its cheaper now.

Posted by investfuture > 2020-09-01 20:33 | Report Abuse

Alsreit 2Q2020 quarter report analysis


中文：
https://vitamincash.com.my/zh_CN/2020/09/01/alsreit-2q2020-quarter-report-analysis/

English:
https://vitamincash.com.my/en_US/2020/09/01/alsreit-2q2020-quarter-report-analysis/

Posted by reitpulse > 2020-09-06 13:17 |

Post removed.Why?

Posted by bulldog > 2020-12-04 15:12 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by investfuture > 2020-12-26 10:26 | Report Abuse

ALSREIT 3Q2020 Analysis

chinese
https://vitamincash.com.my/zh_CN/2020/12/26/alsreit-3q2020-quarter-report-analysis/

english
https://vitamincash.com.my/en_US/2020/12/26/alsreit-3q2020-quarter-report-analysis/

Posted by fortunefire > 2020-12-30 17:13 | Report Abuse

Why today keep dropping?

Posted by wolf515 > 2020-12-31 11:39 | Report Abuse

Someone keep sell down, these few days I support buy on 0.60 until out of bullet....

Posted by Rinsono Takeshi Lee > 2020-12-31 17:24 | Report Abuse

Bot 0.55

Posted by fortunefire > 2021-01-03 12:18 | Report Abuse

i also bot 0.55

Posted by fortunefire > 2021-02-03 11:25 | Report Abuse

this reit goes up faster than any other reit

Posted by reitpulse > 2021-02-25 13:18 |

Post removed.Why?

Posted by Alain22 > 2021-03-01 11:47 | Report Abuse

Slow but sure

Posted by lam6339 > 2021-05-20 10:30 | Report Abuse

0.6 can buy im new

Posted by fortunefire > 2021-07-26 16:40 | Report Abuse

nice price for today.

Posted by cn21 > 2021-08-30 15:13 | Report Abuse

https://www.orientaldaily.com.my/news/central/2021/08/29/434432?fbclid=IwAR3mqsGTz5uRR8rxBkIzWMmay2RGVLa4zyj_RDPWMDUuIgmfAAVyn7rm0oE

Posted by investortrader88 > 2021-09-13 16:26 | Report Abuse

Bought some tickets at RM 0.505.good luck guys.

Posted by fortunefire > 2021-09-14 17:06 | Report Abuse

bought some at 0.500

Posted by reitpulse > 2021-09-19 11:55 |

Post removed.Why?

Posted by kong73 > 2021-10-04 09:34 | Report Abuse

good shasring reitpulse

Posted by valueplayer > 2021-12-14 11:33 |

Post removed.Why?

Posted by newguy0801 > 2021-12-29 09:06 | Report Abuse

What is the reason behind the price spike?

Posted by cn21 > 2022-02-11 15:14 | Report Abuse

https://www.enanyang.my/%E6%9F%94%E4%BD%9B/%E6%9F%94%E6%94%BF%E5%BA%9C%E6%94%AF%E6%8C%813%E6%9C%881%E6%97%A5%E5%BC%80%E6%94%BE%E5%9B%BD%E9%97%A8?fbclid=IwAR1i4pkEYxaibjpNFZXfUexFKhT6IKmMhphm6zaToYzN-VmF-f9xYaieFzM

柔政府支持3月1日开放国门

Posted by cn21 > 2022-04-23 21:58 | Report Abuse

https://www.enanyang.my/%E4%BC%98%E7%94%9F%E6%B4%BB/%E3%80%90%E5%8D%97%E8%A7%86%E7%95%8C%E3%80%91%E9%80%9B%E8%A1%97%E8%B4%AD%E7%89%A9%E7%9C%8B%E7%94%B5%E5%BD%B1-%E5%95%86%E5%9C%BA%E4%BA%BA%E6%BD%AE%E5%9B%9E%E6%9D%A5%E4%BA%86?fbclid=IwAR29Jc4CkAG3tQKKWsxUy2FcvVk6DkTpPPil30GL-JuIPWotsEQroKJINRA

Posted by warchest > 1 month ago | Report Abuse

Accumulation in progress. Rental reversion, lower rebates and reopening of the economy. 80 cents in the making