Their pattern is every Q 1.45 to 1.55 cts region for 3Q. Next Q in May also should be about the same. The mid year in July after book closing then they will usually give a bit more ie 1.7 or 1.8 I think this coming July.
Income Distribution Entitlement Details: Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024 (from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax exempt. Entitlement Type: Income Distribution Entitlement Date and Time: 14/02/2024 04:00 PM Year Ending/Period Ending/Ended Date: 30/06/2024 EX Date: 13/02/2024 To SCANS Date: Payment Date: 29/02/2024 Interest Payment Period: 01/10/2023 to 31/12/2023
smartly,.... this usually I do not understand the term.
Second Income Distribution of 1.55 sen per unit for the 2nd Quarter of 2024 (from 1 October 2023 to 31 December 2023) comprising:- (1) 0.85 sen per unit is taxable; (2) 0.65 sen per unit is non-taxable; and (3) 0.05 sen per unit is tax exempt.
Does it mean on the 1.55 cts declared, the 0.85 cts are taxable at 10 %, right and the 0.65 % is non taxable means no tax and the final 0.05cts is tax exempted... what it really means ???. I am not sure about this last 2 term. Can someone pls help explained and clarify on this ?
all give tp > RM1 but since listing, never before it touches above RM1. this stock is only good for keeping for its dividends. those looking for higher interest yield than epf, not a bad idea to park your money here
They have bought the 3 industrial lots and Kinta City which are damn good investment for KIPREITS. Makes KIP not so reliance to just shpping mall and a bit diversify. If they keep on this trend it will be good in the future.
Q2FY2024 - 10.6m Q2FY2023 - 8.1m so the 3 industrial properties have contributed approximately (10.6 - 8.1) 2.5m per Q yearly net profit will have additional 10m, this translate to 0.16sen additional DPU yearly
Haiyan….@smartly - did you understand my question? You calculation claims on industrial pro wil contribute 0.16 (nett 0.144) annually. Does this consider the increase in number of units following the placement and issue of new shares in lieu of the industrial property acquisition
"The exercise will be funded by a combination of bank borrowings and proceeds to be raised from a proposed placement of up to 180 million new shares in KIP REIT to raise up to RM146.70 million, and a proposed placement of up to 15 million units to major shareholder Datuk Ong Kook Liong, and/or persons connected with him.
"The actual issue price for the placement units will be determined later and may be higher or lower than the illustrative issue price of 81.5 sen per unit," it added."
What will be the impact to the current share price?
Placements (assuming this is private) at discounted share price is to attract institutional investors, not really a fan of it. Basically means dilution and retail investors always lose out. Short term share price should drop a bit and dividend distribution as well until DPulze starts contributing to the NPI. Likely to expect something similar to 2022 when they acquired the 3 industrial properties, dividend dropped to 6.2 sen/unit for FY23. But KIP's strength has always been giving out consistent dividends. Safe to still expect a after WHT tax of 6% DY. This counter is always about stability. Bought in 2022 and share price is still ~0.89
Hi 5 to Trinity, hahah i have been holding kipreit since 2022 to harvest dividend portfolio. Yes its a stable stock. the price is always around ~0.89. its bitter sweet
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....
Justmeme
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Posted by Justmeme > 2023-11-10 15:39 | Report Abuse
Then next div in July next year will be great then