@dukulangsat, As I understand new issuance is something like print money. So more shares are available in the market and will dilute value of current available shares. If current is RM1 value per share, having more shares in the market can make the share value to 50 sen only.
Be careful, when epf buy, not necessary epf per se, it is the fund manager entrusted by epf and these fund manager may have slightly different objective than that of epf.
Our top picks are MRCB-Quill REIT (“buy”; target price [TP]: RM1.44) given its sustainable attractive dividend yield of 8.5% (highest in our coverage) and IGB REIT (“buy”; TP: RM1.75) due to its prime location assets with high footfall. — Hong Leong Investment Bank Research, April 17
It will take MQ long time to go back to its 1.30 level unless it attracts a near 100% occupancy. Anything close to RM 1.10 is a good buy and perhaps why EPF is buying after selling over last few months.
From what I hear, there will not be any rate hikes this year. I am not surprised if BNM lowers it by 0.25 if there is no inflation risk. However, it will depend very much on the US bond yield and inflation. Market looks stagnant until a solution is found with US-China.
She said in addition to the renewals, the company had secured new leases for a few of its properties with demand coming from companies in the IT, business consultancy, medical and retail sectors
Looking back at my comments.. If you had invested in REITs in the first half of 2018, you'd have secured 10-20% in profits by now even without dividends .. Axis, Mqreit, IGB, Sunreit etc have all recovered from the interest rate hike sentiment
Oliveoil, have you ever see announcement mention entitlement date? I believe normal announcement only mention 1)ex date (means the day dividend expired) 2) Record date (means the day share booking in to your CDS) 3) payment date.
oliveoil, the entitlement date is just a formality and where the book keeping takes place. Ex-date will be the actual date of determination which is why the price will be adjusted on the ex-date.
The 48m is direct dealing, maybe the directors need the fund to concentrate on privately owned Quill City Mall which the occupancy rate not up to expectations. For EPF, 6.8% yields is considered reasonable good income. 26/08/2018 10:40
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....
Intelinvestor13
45 posts
Posted by Intelinvestor13 > 2018-04-03 18:07 | Report Abuse
MREITs are simply oversold at this point... best time to BUY - average down - hold for many years to come.