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

again?couldn't be.

Posted by greatdreamer > 2013-07-13 12:23 | Report Abuse

There is no right issues. It is just seek 20% of sharecapital no share to be issued in the form of private placement, if circumstance required . In the AGM, Amfirst CEO highlight that they have set a clear vision as 'be a leading Commercial REIT'. For the coming yr, emphasis on AEI like renovation budget for Wisma Amfirst RM4mil, Menara Ambank RM25m & Summit Mall RM48m. There is no threat (true?) for Summit for the upcoming mall next to Summit as the said mall is much smaller and attract different segment of customers. Huge supply office in KL is not big threat as AMfirst KL office occupied by Ambank customers, and new supply is more toward higher grade office customers. Amfirst claim Jaya 99, melaka is very good buy with good yield. Target Amfirst gearing 35% to 40%. Claim that Amfirst has strong sponsar like Ambank & ARA (but no mention of potential assets injection from sponsor). Nobody raise the question how the low occopancy rate for some of building to be addressed. Claim building valuation in the book is conservative, which based on investment method in view of high transaction price of similar surronding areas. Claim share price is not reflective of true value of Amfirst as share price do not taking account the low gearing & potential acqusition (no mention of potential assets injection pipeline how can analyst take into potential acquisiton?)

Amfirst has been CONSISTENTLY underperformed its peer for past few yrs like Tower REIT & OUB REIT . Will mapping out clear vision 'to be a leading commercial reit' this yr, enable Amfirst play catch up with peers in term of share price & DPU sooner or later? Should investors continue to give them some benefit of doubt again? Anyway, mapping out a clear vision definately is a very right first stretegic step, in term of biz direction. With the 2 strong sponsors and buildings in stretegic location, there are huge room for Amfirst to improve its performance. Of course, improvement will only done by step & step . Investors' patient is the key..... .

Posted by heeweihan > 2013-07-15 17:22 | Report Abuse

I can wait:)

Posted by Anson Lai Siong Ann > 2013-07-15 18:44 | Report Abuse

For ppl in reit, sure is aiming for long term

Posted by majorarmstrong > 2013-07-18 13:53 | Report Abuse

i see amfirst is something that can jump... i am collecting bit by bit...

Posted by majorarmstrong > 2013-07-19 16:23 | Report Abuse

btw does the agm make any announcement of upcoming dividend?
or we have to wait until November for the regular income distribution?

Posted by Anson Lai Siong Ann > 2013-07-19 20:09 | Report Abuse

The income distribution is twice a year.

Posted by hornetsjet > 2013-07-31 21:24 | Report Abuse

Mr. Lim retired already, thanks for his contribution to the asset management over years. Do you guys have confidence with the new CEO?

Posted by greatdreamer > 2013-07-31 23:31 | Report Abuse

The New CEO is internally promoted within the firm. He was the head of firm's property management div. Hope he will meet with broker houses more frequently for the preparation of broker house's investment research report (now apparently none so far).

Another news, LRT delay again. This time delay 18 month from 2014 to 2016. LRT delay mean occupancy in Summit Office will remain low. Summit Mall renovation may have to deferred again. Traffic jam continue due to construction of LRT.

Summit Mall is in fact is a 2nd or 3rd grade mall since there are so many strate titles, though it location is good. Traffic jam in Summit can be resolved in the future, but not the strata title. Mall with so many strata title has handicap the management to reconfigure the retail spaces in an effective way.

Posted by Anson Lai Siong Ann > 2013-08-26 18:28 | Report Abuse

http://www.theedgemalaysia.com/highlights/251481-highlight-reits-lose-lustre-as-bond-yields-rise.html

Posted by null > 2013-12-17 09:34 | Report Abuse

How you guys look at the coming 2 years performance?
Seems Office is oversupply in Klang valley.
GST, rising of electric fares....

Posted by Patrick Ling > 2013-12-17 17:41 | Report Abuse

Amfirst reit should be ok since it leases out almost half of its offices in kl to big brother, Ambank. The rest of its offices are located outside kl where there is less competition like Prima 9 and 10 in cyberjaya and Jaya 99 in Malacca. Under the current market, Mr Stewart Labrooy, chairman of MRMA, suggested that we should look at the industrial and healthcare sectors for growth opportunities.

Posted by LATO' > 2014-01-12 17:18 | Report Abuse

Ada future kah this counter ?

Posted by rlch > 2014-01-12 18:14 | Report Abuse

DY about 7%. Can buy and keep like FD.

Posted by calvintaneng > 2014-01-19 20:50 | Report Abuse

Yes rich you have made a right choice buying AmFirst. 7% Dividend
LATO' - the future of AMFIRST Is Safe & Stable.

For year 2014 seek for Capital Preservation First Before Capital Gain.

Return OF capital is more important than return ON capital.

Another very safe and defensive counter is SILK Toll Road.

Regards,

Calvin Tan of PM Corp & MUI Berhad Forums

Posted by heeweihan > 2014-01-24 16:47 | Report Abuse

This REIT is basically my FD

Posted by don85 > 2014-02-14 17:11 | Report Abuse

new lowest price

Posted by rlch > 2014-02-14 17:28 | Report Abuse

Profit increase, 7% DY why nobody want?

Posted by Marcoblogs > 2014-02-17 21:06 | Report Abuse

Buying... Keep buying...

Posted by greatdreamer > 2014-02-18 10:57 | Report Abuse

hit new low yesterday 98.5sen. Assuming DPU is 7.2sen, gross div yield would be 7.3%. Only small investor is interested, but not big fund like EPF as counter is small and illiquid.

Posted by lkblkblkb92 > 2014-02-19 10:50 | Report Abuse

Good counter but y going down?

Posted by null > 2014-02-19 17:06 | Report Abuse

Affect Of QE?
Will continue to observe in coming weeks to see whether to hold or sell.

Posted by kkng0819kk > 2014-02-19 20:08 | Report Abuse

Bought at 0.985 and will continue to if drops further

Posted by hynix > 2014-02-20 16:57 | Report Abuse

anyone know reason of keep droping?

Posted by lkblkblkb92 > 2014-02-20 17:06 | Report Abuse

What is the problem? I just accumulated then drop

Posted by lkblkblkb92 > 2014-02-20 17:07 | Report Abuse

Why drop

Posted by bathgel > 2014-02-20 17:32 | Report Abuse

any news ??

Posted by hynix > 2014-02-20 19:57 | Report Abuse

lkbl, me also@@

Posted by calvintaneng > 2014-02-21 08:41 | Report Abuse

Dear Friends,

I am puzzled by AMFIRST weakness. So I did a little study this morning.

These are the headwinds AmFirst is facing:

1) The recent rise of electricity has increased costs for AmFirst.

2) AmFirst is unable to increase rental for 2 reasons:
a) Current rental is locked in for one or two years.
b) Will AmFirst be able to increase rental when lease expired?

3) There is an impending glut of Office Space in KL - so AmFirst has little pricing power.

4) Another coming negative factor is the possibility of increase in interest rates. It might raise borrowing costs and further increase costs.

Do your own due diligence in buying and selling.

Another counter with good dividend yield is OPCOM. OPCOM has pricing power as it is almost a monopoly with Telekom Malaysia.

Regards,

Calvin, Singapore.

Posted by maxkiller > 2014-02-21 13:05 | Report Abuse

will the MRT station build near Summit bring more people go there?

Posted by SaintPao > 2014-02-21 14:59 | Report Abuse

AmBank Head Office plan to move out after tenancy agreement expired. Reason to save rental. Anyone can confirm????

Posted by lkblkblkb92 > 2014-02-21 21:59 | Report Abuse

so not to hold?

Posted by sjou > 2014-02-22 13:43 | Report Abuse

reit industrial game over, technical analysis.....once break support line 1.10 ,no matter how ,sell first, at the moment price at the down trend........ bottom ? do not guess.

Posted by gforce2 > 2014-02-24 12:46 | Report Abuse

Most of the commercial office REITs (AMFIRST, UOAREIT, QCapita, etc) have dropped a bit in the last 2 weeks. Dividend Yields are now hovering around 8%, which we haven't seen since 2009. As for rumours of AmBank moving out, I doubt it - remember that the AmBank Group owns around 40% of AMFIRST, and it would be akin to shooting themselves, unless they can find another client to take up the vacated office space.

Posted by THSSHT > 2014-02-24 14:56 | Report Abuse

MESSAGE TO AMFIRST CEO:-
We are the investors of Amfirst Reit, there are rumours that AmBank Head Office plan to move out after tenancy agreement expired and this has
caused the market price of AMFIRST REIT drop dramatically in this few days. is this true?
MESSAGE FORM AMFIRST CEO:-
Many thanks for the info. To the best of my knowledge, it is definitely not true. In fact, we have been carrying out many Asset Enhancement Initiatives on the AmBank tenanted buildings I KL to ensure they remain relevant amid the incoming new office supply. Hope the unfounded rumours will not spread and I appreciate your query so that things can be put straight.

Posted by SaintPao > 2014-02-25 09:54 | Report Abuse

thanks for the update :))

Posted by hynix > 2014-02-25 10:50 | Report Abuse

thanks for your update. but it really weak and hit new lowest. :(

Posted by stanteo71 > 2014-02-26 16:31 | Report Abuse

Accumulate & wait for dividend in Apr'14.

Posted by lkblkblkb92 > 2014-02-26 23:51 | Report Abuse

hope may go up

Posted by bathgel > 2014-02-27 09:43 | Report Abuse

can we still qualified for dividen if we buy today ?

Posted by Henry HO > 2014-02-27 09:51 | Report Abuse

To BathGel....

I think you must be a newbie in Bursa..

If you buy Amfirst REIT now...you will be entitled to all dividends that is announced AFTER yr buy date...ie the coming Entitlement will be sometime in May 2014...dividend 3.7%...

I believe you shld know the DY that you are getting from this investment...

Posted by bathgel > 2014-02-27 10:33 | Report Abuse

Thanks, newbie here

Posted by lkblkblkb92 > 2014-02-27 18:21 | Report Abuse

May I know is the bad news for amfirst is truth ? How come ambank wanna move out?

Posted by ejtic > 2014-02-27 22:20 | Report Abuse

It's good buy now.

Posted by ejtic > 2014-02-27 22:20 | Report Abuse

All news you heard are totally unfounded.

Posted by ejtic > 2014-02-27 22:22 | Report Abuse

NAV RM1.20

Posted by bathgel > 2014-02-28 10:53 | Report Abuse

drop drop & drop

Posted by lkblkblkb92 > 2014-02-28 23:55 | Report Abuse

Actually what is the matter?

Posted by coolwater > 2014-03-01 19:00 | Report Abuse

not to care the matter, bought at RM0.91 and reward you with 7.2 cts returns, DY is almost 8%. If it rebounds to rm1.00, you have another 10% of capital gain. If this happened (Very likely it will) within a year, your return is around 18%.

Posted by shuenn > 2014-03-01 21:06 | Report Abuse

buy buy buy