Posted by malinfan > 2018-07-10 14:59 | Report Abuse

Under value? .... can buy more. LoL'...

Posted by malinfan > 2018-07-24 09:53 | Report Abuse

most of those AGM attendees comes with packaging for food "tabau"...hehehe.

Posted by MasterCard > 2018-07-24 12:28 | Report Abuse

Any good news?

Posted by malinfan > 2018-07-24 16:19 | Report Abuse

stingy boss, what do u expect?

Posted by monorail > 2018-07-25 14:04 | Report Abuse

Q4 should register higher profit due to ramadhan + hari raya festival as stated in the financial result notes last year

Posted by shortinvestor77 > 2018-07-25 22:41 | Report Abuse

Sure！

Posted by malinfan > 2018-07-27 08:50 | Report Abuse

paying 10+ sen more for just 1 or 2 sen dividend ... ?

Posted by Lim Tek Wai > 2018-07-27 10:17 | Report Abuse

Good stock, nice to buy

Posted by Yael Jasper > 2018-07-27 10:53 | Report Abuse

Never regret to buy this

Posted by CFTrader > 2018-08-01 20:22 | Report Abuse

malinfan is now salivating because of missing the boat as he/she/it sold at a lower price and now the price had gained to 86.5c.

He/She/It is still waiting for 55c KIPREIT which in my humble opinion , with a probability of 99% he wont get the stock at that price.

Sincerely
CFTrader

Posted by yuanlong57 > 2018-08-02 09:41 | Report Abuse

Consumer sentiment index at 21-year high https://www.thestar.com.my/business/business-news/2018/08/02/consumer-sentiment-index-at-21year-high/#hSTWUQJQhFIqvJ5s.41

Posted by malinfan > 2018-08-02 11:56 | Report Abuse

don't worry, no hurry. after x date it fall like shit.... with 1%, i can wait.

Posted by shortinvestor77 > 2018-08-02 16:53 | Report Abuse

Then it goes up like rocket. Don't wait!

Posted by yuanlong57 > 2018-08-08 05:20 | Report Abuse

KIP REIT aims high and big - Business News | The Star Online https://www.thestar.com.my/business/business-news/2018/08/04/kip-reit-aims-high-and-big/#GKgrAqxpOH1jGpSE.41

Posted by nkk53 > 2018-08-11 10:19 | Report Abuse

Div yield so far has been reasonable.Why are these institutions continue disposing??????

Posted by CFTrader > 2018-08-23 09:13 | Report Abuse

generally, most of the REITS climbed to a level where i deemed it is a bit on the high side ....

Sincerely
CFTrader

Posted by CFTrader > 2018-08-29 13:13 | Report Abuse

9share published an article of KIPREIT.

KIPREIT planned to acquire AEON MALL KINTA Shopping Mall for 280 milllion Ringgit Malaysia.
Previous owner had performed AEI (Asset Enhanced Initiative) for 32 million Ringgit Malaysia.

(Valuation CH Williams Talhar & Wong Sdn Bhd valued the 21-year old structure at a price of 220 million Ringgit Malaysia)

The rental agreement last for 10 years which start from 2015 to 2025, with the yearly rental rate of 16.31 million Ringgit Malaysia.

Sincerely
CFTrader

Posted by Jackiee > 2018-08-29 13:31 | Report Abuse

kip use 208m to buy not 280m

Posted by shortinvestor77 > 2018-08-30 11:20 | Report Abuse

Right but the market price is 230 million. This seen is a good business on top of rental rate.

Posted by cong5895 > 2018-08-30 11:25 | Report Abuse

More asset more dividend.

Posted by Lim Tek Wai > 2018-08-30 11:28 | Report Abuse

Never regret for buying this stock, profit is real

Posted by CFTrader > 2018-08-30 11:44 | Report Abuse

sorry, the earliest news 9share informed me that the price is 280m.
It is actually 208m with 7.8% gross rental yield.
Should be additive effect.

Sincerely
CFTrader

Posted by sg999 > 2018-09-14 19:00 | Report Abuse

why keep dropping??????????

Posted by XOX_ > 2018-09-16 09:49 | Report Abuse

Who buy who die haha.

Posted by XOX_ > 2018-09-16 09:51 | Report Abuse

Buy Aeon Mall is suicidal with oversupply malls. RI coming?

Posted by nuke > 2018-09-16 16:19 | Report Abuse

How is KIP (we) paying for this mall?

Posted by Yael Jasper > 2018-09-18 11:12 | Report Abuse

Never regret for buying this stock, profit is real

Posted by nuke > 2018-09-20 16:04 | Report Abuse

KIP down sharply. GE still disposing?

Posted by shortinvestor77 > 2018-09-26 21:58 | Report Abuse

https://klse.i3investor.com/servlets/ptres/47360.jsp

Posted by naruko > 2018-09-27 15:59 | Report Abuse

anyone attend agm that can share some happenings?

Posted by RonanOng > 2018-10-02 01:23 | Report Abuse

Ready to be goreng by Kenanga/Rakuten :)

Posted by LearningToInvest > 2018-10-10 16:41 | Report Abuse

anybody looked at note 10 of their 2018 audited accounts? They have RM87mil in borrowings which will be repaid in 1 bullet payment 5 years from date of 1st drawdown. I cant find any disclosure on when it was drawndown. It is sitting there in their books for 2017 and 2018. So I can only assumethat they would need to pay it back between now and 2021. They have ~20mil in cash, makes about 40m FCF every year and i do not see any disclosure of how much cash is cordon of to pay for the RM87m. Anybody has any information on how they plan to pay back this RM87mil? Thanks.

Posted by LearningToInvest > 2018-10-11 17:23 | Report Abuse

simply put sometime between now and 2021... they will have to:
1. do an equity fund raising
2. refinance
3. reduce distributions
option 1: dilution means reducing the yields assuming all else equals
option 2: refinancing to defer the bullet payment is probably their best choice.... if via a normal term loan... it means yields goes down. if via the same terms then it would probably be the same yield as now.
option 3: Right now there is about 3 years left to pay the 87m bullet payment, roughly about 29m a year. Their distribution in 2018 ~37m... so they will have to cut distributions per year to about 8m.

That means the 8%+ yield that we are seeing is not sustainable.... my 2 cents.
Feel free to comment.... i am here to learn.

Posted by shortinvestor77 > 2018-10-12 08:34 | Report Abuse

BoD is trying their very best to generate increasing profit. Any deal that cannot give a recent yield will not be purchased. The existing business they have been improving and increasing its profit while reducing cost be installing solar panels onto the assets. Reits always carry suitable debts with a max gearing ratio of 0.5.

Posted by Gen2 > 2018-10-12 10:05 | Report Abuse

@LearningToInvest, they have 300m cash ( published in sinchew : http://www.sinchew.com.my/node/1797937 )

Posted by LearningToInvest > 2018-10-12 12:04 | Report Abuse

Gen2: thanks for the link.

Posted by Gen2 > 2018-10-12 12:31 | Report Abuse

Weird thing is, their BS don’t have the 300m cash ??!!

Posted by Gen2 > 2018-10-12 21:59 | Report Abuse

@kinuxian
The news even stating after the cash call existing 300m cash will be increased to 400m.
May be who attended their AGM can enlighten us further ？

Posted by LearningToInvest > 2018-10-15 14:14 | Report Abuse

their cash call is only ~100m shares... assuming they can place out at 0.80... only get 80m cash. Their Aeon purchase... from circular looks to be 100% funded by debt... but assuming 80% financing at 5% interest rate for 20 years..maybe NPI additional RM4m a year. if they manage to place out the 100m shares (which they will have to) their yield will no longer be 8%... proforma ~5% only. If only going to get 5% yield IGB or PAV reit safer

Posted by shortinvestor77 > 2018-10-15 21:57 | Report Abuse

They know what to do for the benefit of shareholders..

Posted by CFTrader > 2018-10-16 00:16 | Report Abuse

(1) According to what i had read in the AR2018 , they DO NOT have 300m cash .

Cash and Bank Balance = 8.9M
Deposit with License Bank = 10.9M

Generally speaking it's 20M for cash, and 28M for short term asset.


(2) REITS usually will refinance their debt with the asset as backing. As long REITS can generate income more than
(i) the existing rate - eg. if average rate is 7.0% , and the latest acquisition give 7.5%, that is addictive effect AND (ii) higher rate compared to the cost of fund - which is the loan.

They will be off good with the dividend declaration.

(3) They cannot simply cut the dividend yield, it is MANDATORY for REITS to declare a minimum of 90% NPI to enjoy the taxation benefit. REITS are differerent compared to normal share.


Sincerely
CFTrader

Posted by CFTrader > 2018-10-16 00:19 | Report Abuse

I lazy to recalculate, but base on last AR2018 , they still have 218.977 M loan amount to reach the ceiling level of 50% gearing ratio.

The acquisition of the "mall" is 208M, which they have maximize the loan amount already.

Sincerely
CFTrader

Posted by shortinvestor77 > 2018-10-20 15:31 | Report Abuse

https://klse.i3investor.com/blogs/nomoneylahreitinvesting/178957.jsp

Posted by shortinvestor77 > 2018-10-23 14:15 | Report Abuse

No more kacau from Great Estern and OCBC.
https://klse.i3investor.com/insider/substantialShareholderNoticeOfCeasing/5280/23-Oct-2018/11939_618477176.jsp

Posted by shortinvestor77 > 2018-11-13 08:41 | Report Abuse

http://www.klsescreener.com/v2/news/view/455910

Posted by naruko > 2018-11-30 14:47 | Report Abuse

halt again for this kinta acquisition, what the...

Posted by naruko > 2018-12-06 08:49 | Report Abuse

2billion asset, what a high target, but I like it

Posted by Kalaihselvan Krishnan > 2018-12-31 21:51 | Report Abuse

Why big drop in price

Posted by alam Rafik > 2018-12-31 22:12 | Report Abuse

KIP already touch to 0.80 almost so why it slip...?

Posted by RickyCJC > 2018-12-31 22:45 | Report Abuse

Many REIT drop, don't know why?