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Last Price


Today's Change

+0.005 (1.04%)

Day's Change

0.475 - 0.49

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2 people like this.

241 comment(s). Last comment by warchest 1 month ago


1,847 posts

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.

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



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。






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


694 posts

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


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。


“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。”



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。


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。


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。



1,628 posts

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

Good to buy?


1,628 posts

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?


12,053 posts

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


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

0.90 cents and going up


234 posts

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

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


1,995 posts

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


45 posts

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?


1,995 posts

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


394 posts

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.


33 posts

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

Post removed.Why?


12,053 posts

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

Accumulation in progress

Huat chaiii

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

Why today keep dropping?


56 posts

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


33 posts

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

Post removed.Why?


84 posts

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

Slow but sure


36 posts

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 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


33 posts

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

Post removed.Why?


1,995 posts

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

good shasring reitpulse

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

Post removed.Why?


1,616 posts

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

What is the reason behind the price spike?


1,559 posts

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

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