angiechai, this is beauty of investment in REIT, which you will enjoy reasonably stable income. When REIT have positive cash flow, they have to distribute at least 90% eventhough they have deficit in P&L. Last quarter, YTL REIT has gain in foreign valuation in Subsidiaries (hotel valuation increase mainly due to Australia Assets) from 1.3509 in June to 1.4089 in September. But at the same time also loss in foreign currency due to AD262 million loan which cause them owing higher on book. 50+ million losses in Foreign exchange translate to about RM0.039 per share. Which means YTL REIT still have net gain of RM0.018 during last quarter due to Currency fluctuation. However, these changes will not affect their cash flow since both are unrealise gain and loss. Threfore, their distribution is carry out as usual.
Wow. Congrats hng33 for all the right call. Noticed you going in for MQREITs. I looking at 1.13 (PE 13x, EPS 8.75c). Hopefully can make a quick gain from this stock.
Top Picks We maintain our BUY call for MQREIT (TP: RM1.29) given its high dividend yield around 8.4% and huge pipeline of assets injection from its sponsor.
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....
yuanlong57
1,528 posts
Posted by yuanlong57 > 2015-03-05 22:31 | Report Abuse
Minority unitholders shortchanged, vested parties at management big gains. Moving investment assets out of QCapita. Migrating to UOAREIT and CMMT!