Posted by ejtic > 2012-07-17 18:24 | Report Abuse

The price 1.03 is quite cheap now to accumulate for future growth. Besides, it's below its NAV 1.44. It's a very good dividend yield of >7%.

Posted by socko777 > 2012-07-24 02:02 | Report Abuse

is its NAV still at 1.44 after the rights issue?

Posted by ejtic > 2012-08-22 14:19 | Report Abuse

1.4146 as at June 30 2012 based on the latest quarterly report

Posted by ejtic > 2012-08-22 14:25 | Report Abuse

Am ARA REIT Managers Sdn Bhd (“Am ARA”), the Manager of AmFIRST Real Estate Investment Trust (“AmFIRST REIT” or “the Trust”) is pleased to announce that for the first quarter ended 30 June 2012, AmFIRST REIT achieved a realised net income of RM9.8 million or 2.29 sen per unit. Gross revenue rose to RM26.6 million from M22.7
million whilst net property income grew from RM15.3 million to RM17.6 million as compared to the previous corresponding period.
Am ARA’s Chief Executive Officer, Mr Lim Yoon Peng said the improved results were attributed to the additional contribution from the new acquisitions of Prima 9 and Prima 10 which were completed on 30 November 2011.

On 7 August 2012, the Trust had announced that the rights issue and increase in fund size have been completed following the listing of 257,400,600 rights units on the Main Market of Bursa Malaysia Securities Berhad. The net rights proceeds of approximately RM209 million has been utilised to pare down the Trust’s existing bank borrowings thus lowered the gearing to 29.7%. Mr Lim said “As the first Malaysian REIT to undertake a rights issue, we are pleased with the result of oversubscription of 13.5%. It also demonstrates that well capitalised REITs will continue to be a defensive safe haven for investors looking at recurring and stable income distribution amid volatile market conditions. With the completion of the rights issue, the Trust will have a stronger balance sheet to grow the fund with accretive
acquisitions.”

On 17 August 2012, the Trust also announced the execution of a Sale and Purchase Agreement (“SPA”) between Maybank Trustees Berhad and Johan Kembara Sdn Bhd for the proposed acquisition of Kompleks Tun Sri Lanang (also known as Jaya 99)located at No. 99, Jalan Tun Sri Lanang, Melaka for a total cash consideration of RM 86 million. This is an 18-storey purpose-built leasehold commercial building newly completed in June 2011, comprising of twin towers (9-levels and 10-levels) sitting atop a seven-level podium block, consisting of 557 car park bays and a mezzanine floor. Jaya 99 is a modern designed high-rise building strategically located in the heart and soul of Melaka and boasts unprecedented accessibility to financial institutions, public
amenities and world class hotels. Complemented by its own modern amenities such as conference rooms, function halls, retail outlets, F & B outlets and ample car parking, Jaya 99 will be the pioneer in Melaka to offer a truly ‘Complete Business Center’ concept to cater for modern business demands.

Mr. Lim added, “There is a shortage of prime office space with modern designs in Melaka city. The office sub-sector in Melaka was traditionally served by shop-offices, but with the change of business environment resulting from population growth, increased
business opportunities and robust growth of the local economy, the demand for quality office space in Melaka city has improved significantly. Jaya 99 is anchored by Prudential Assurance Malaysia Berhad and Sudong Sdn Bhd (wholly owned by Singtel) which occupy 32% and 20% respectively of the net lettable areas. The other corporate tenants include PricewaterhouseCoopers, Ernst & Young and Suruhanjaya Perkhidmatan Awam. “It is yield accretive and will contribute an additional approximately 0.28 sen per unit per annum based on the enlarged unitholdings.

The acquisition is expected to complete by end of December 2012 and will boost AmFirst REIT’s Assets Under Management by 7.2% to RM 1.28 billion and gearing level will also increase from 29.7% to 34.4%.”

“Moving forward, we will continue to focus on expanding AmFIRST REIT’s investment portfolio via yield accretive and quality commercial properties in high growth areas throughout Malaysia and to implement asset enhancement initiatives to spur organic
growth in AmFIRST REIT. This complements well with our investment and diversification strategy to ensure the Trust continues to deliver stable returns and build a quality portfolio of assets for unitholders,” Mr Lim further added.

Posted by Li Zhenron > 2012-08-30 10:18 | Report Abuse

to socko777 After right issue, NAV should be 1.19

Posted by socko777 > 2012-09-13 11:18 | Report Abuse

thanks for the reply guys.

Posted by ejtic > 2012-09-25 12:38 | Report Abuse

slowly and steady uptrend as the dividend announcement is coming soon..mid October..

Posted by joncsk > 2012-11-01 10:17 | Report Abuse

still not announced yet leh.... any problem??

Posted by isseymiyake > 2012-11-01 10:22 | Report Abuse

Should be this week

Posted by sam2828 > 2012-11-06 22:58 | Report Abuse

3.16cents dividend

Posted by ejtic > 2012-11-07 16:56 | Report Abuse

On 1 November 2012, the Trust announced the completion of the acquisition of Kompleks Tun Sri Lanang (also known as Jaya 99).The acquisition will contribute an additional income of
approximately 0.13 sen per unit for the next five months till end of the financial year ending 31 March 2013. Consequently, the Trust’s AUM increased to RM1.27 billion with a total portfolio of
nine properties. Mr. Lim added, the Manager will continue to grow the Fund with the injection of quality assets that will deliver sustainable income to the Unitholders.”

Posted by Bathgel > 2012-11-21 12:29 | Report Abuse

Target 1.20

Posted by joncsk > 2012-12-30 11:10 | Report Abuse

but nowadays price keep on dropping leh...

Posted by greatdreamer > 2012-12-30 23:03 | Report Abuse

This stock moved in a range from 1.00 to 1.15 for the past one year. Doubt will move much since it is an office reit. Office reit yield is under pressure due to incoming oversupply of office space in Klang Valley. However, downside risk is also limited as it was support by dividend yield.

Posted by js00897 > 2013-01-02 21:15 | Report Abuse

the price ranging from 1.04 - 1.06. won't fluctuate too much, keep it for dividend.

Posted by heeweihan > 2013-01-03 10:53 | Report Abuse

The dividend is good for this REIT. Good keep.

Posted by ejtic > 2013-01-03 17:14 | Report Abuse

The NAV per unit of AmFIRST Real Estate Investment Trust as at 31 December 2012 is RM1.1935.

Posted by loh_robert > 2013-02-20 08:04 | Report Abuse

Funny, advertisement in Star to rent up their office spaces. Something doesn't click. Now AMfirst are refurbish their offices. Return will suffer.

Posted by greatdreamer > 2013-02-20 09:11 | Report Abuse

Refurbishment of Reit property are yearly rountine job of REIT. By refursbishing, it maintain the property value of the property.

Posted by js00897 > 2013-02-20 23:56 | Report Abuse

this quarter have dividend?

Posted by Ti Bowen > 2013-02-27 11:42 | Report Abuse

no... dividend.... half yearly... this is a very slow counter....

Posted by Bathgel > 2013-03-15 09:42 | Report Abuse

jalan sikit

Posted by loh_robert > 2013-04-01 23:08 | Report Abuse

Our greatdreamer thinks that re-furbishment of empty offices is normal when right issues were immediately issued, effectively forfeting investors our sovereign dues of hard cool cash.Keep on investing and dreaming! Why AM are still a small kampung bank?

Posted by greatdreamer > 2013-04-02 09:45 | Report Abuse

AM from day one is already a Kampung REIT. Ten year later from now, it remain will be same a small Kampung REIT.

Posted by iafx > 2013-04-02 09:51 | Report Abuse

this counter has very strong div payout history

Posted by joncsk > 2013-04-02 10:00 | Report Abuse

this counter very slow one... bought this one in oct'12 but until now still losing a bit....

Posted by greatdreamer > 2013-04-02 10:04 | Report Abuse

This counter is mean for dividend payout, not for capital gain. Born in the 'wrong' industry where currently there are oversupply of office space in Klang Valley. Also, promotors and management capability are not as strong as some other REIT manager.

Posted by iafx > 2013-04-02 10:05 | Report Abuse

reit counter normally don't fly up and down, with strong DY, it's meant for long term holding

Posted by greatdreamer > 2013-04-02 10:20 | Report Abuse

This counter, it annual return (capital gain & net dividend) estimated about only 10%. Very little return even for some long term investors. It is more suitable for Leisure Investor, who invest for fun. Definitely not suitable for investor holding hard core cash.

Posted by iafx > 2013-04-02 10:25 | Report Abuse

long term holding (compound), annual 10% rate, not sure about "some" individual, but for low risk sustainable portfolio, this counter is far better than FD or even FOREX FD

Posted by heeweihan > 2013-05-29 10:58 | Report Abuse

Treat this counter as FD

Posted by Yaw Kuang Tan > 2013-05-31 16:44 | Report Abuse

have u all receive dividend today? I bought before ex date, suppose receive dividend today,right?

Posted by heeweihan > 2013-06-06 10:59 | Report Abuse

Just got the dividend today

Posted by bathgel > 2013-06-06 12:47 | Report Abuse

not bad

Posted by heeweihan > 2013-06-06 13:18 | Report Abuse

Yeah...tempted to increase holding:)

Posted by Anson Lai Siong Ann > 2013-06-15 09:20 | Report Abuse

Still moving around 1.06-1.07, can it break 1.1 in Jun/July?

Posted by bathgel > 2013-06-18 11:55 | Report Abuse

you buy sure can

Posted by ronnie2u > 2013-06-18 14:01 | Report Abuse

I prefer better dividend than high price ..

Posted by majorarmstrong > 2013-06-19 14:34 | Report Abuse

AMFIRST AGM COMING SOON.... got any inside news? I have been calling couple of my contact still no news yet

Posted by hynix > 2013-06-21 16:49 | Report Abuse

when is the AGM?

Posted by Anson Lai Siong Ann > 2013-06-24 14:35 | Report Abuse

AGM on 9, July 13, time 1030

Posted by ejtic > 2013-07-01 22:28 | Report Abuse

The NAV per unit of AmFIRST Real Estate Investment Trust as at 31 December 2012 is RM1.1935.

Posted by ejtic > 2013-07-01 22:28 | Report Abuse

The NAV per unit of AmFIRST Real Estate Investment Trust as at 30 June 2013 is RM1.2018.

Posted by Superb99 > 2013-07-05 07:22 | Report Abuse

how much is the yield now?

Posted by Anson Lai Siong Ann > 2013-07-05 17:39 | Report Abuse

EPS 7.5463
PE 14.18
ROE 6.1972
DY 5.77
DPS 6.17

Posted by Anson Lai Siong Ann > 2013-07-09 13:24 | Report Abuse

Anyone went AGM?
Any news?

Posted by Anson Lai Siong Ann > 2013-07-09 20:01 | Report Abuse

GENERAL MEETINGS: OUTCOME OF MEETING

AMFIRST REAL ESTATE INVESTMENT TRUST

Type of Meeting AGM

Indicator Outcome of Meeting

Date of Meeting 09/07/2013

Time 10:30 AM

Venue Manhattan III, Level 14, Berjaya Times Square Hotel, Kuala Lumpur, No. 1, Jalan Imbi, 55100 Kuala Lumpur

Outcome of Meeting AmFIRST Real Estate Investment Trust ("AmFIRST REIT")

FIRST ANNUAL GENERAL MEETING ("First AGM") OF THE UNITHOLDERS OF AmFIRST REIT

We refer to the announcement dated 30 May 2013 in relation to the Notice of the First AGM ("Notice").

All the resolutions as set out in the Notice were voted on a poll and were carried based on the following results from the Unit Registrar, Symphony Share Registrars Sdn Bhd and Scrutineers, Ernst & Young :-

Special Business

(1) Ordinary Resolution No. 1

(i) 119,764,376 units (representing 99.85% present and voting) voted in favour; and

(ii) 183,670 units (representing 0.15% present and voting) voted against.

(2) Ordinary Resolution No. 2

(i) 119,764,376 units (representing 99.84% present and voting) voted in favour; and

(ii) 196,737 units (representing 0.16% present and voting) voted against.

(3) Two-Third Resolution No. 1

(i) 119,033,824 units (representing 96.33% of all unitholders at the meeting) voted in favour; and

(ii) 35,189 units (representing 0.03% of all unitholders at the meeting) voted against.

(4) Two-Third Resolution No. 2

(i) 119,038,954 units (representing 96.34% of all unitholders at the meeting) voted in favour; and

(ii) 30,059 units (representing 0.02% of all unitholders at the meeting) voted against.

This announcement is dated 9 July 2013.

Announcement Info

Company Name AMFIRST REAL ESTATE INVESTMENT TRUST

Stock Name AMFIRST

Date Announced 9 Jul 2013

Category General Meetings

Reference No AR-130704-BEEE6

Posted by derricksyl > 2013-07-10 00:13 | Report Abuse

Get ready for right issue

Posted by Anson Lai Siong Ann > 2013-07-10 21:30 | Report Abuse

derrickksyl, When check back the agenda, neither resolution 1 not 2 touch about right issue.
Or any insight from you?

Posted by hsimwan > 2013-07-12 12:46 | Report Abuse

again?couldn't be.