Month: November 2010

 

November 2010

Results Announcement

  • 10 Nov 10 : Sunway (20-May-10 to 30-Sep-10) – DPU 1.51sen
  • 3 Nov 10 : AmFirst (1H11) – DPU 4.81sen
  • 3 Nov 10 : Hektar (Q310) – DPU 2.5sen

 

Average Yield = 7.193%

REIT

Period

DPU (sen)

Price (RM)

Yield (%)

NAV (RM)

Assets Type

AmFirst

1H – Sep10

4.81

1.17

8.222

1.3538

Office

Atrium

Q3 – Sep10

2.15

1.05

8.190

1.0386

Industrial

Hektar

Q4 – Dec09

3.10

1.29

7.984

1.2849

Retail

AmanahRaya

Q3 – Sep10

1.9997

0.905

7.900

0.9717

Retail

Al-AQAR KPJ

1H – Jun10

4.43

1.20

7.383

1.06

Plantation

Tower

1H – Jun10

4.50

1.22

7.377

1.6210

Office

StarHill

2H – Jun10

3.199

0.885

7.229

1.2047

Diversified

Quill Capita

1H – Jun10

3.85

1.07

7.196

1.2202

Office

Axis

Q3 – Sep10

4.00

2.33

6.867

1.8891

Office

UOA

1H – Jun10

5.15

1.51

6.821

1.4900

Office

Sunway

FY11 (Jun) – IPO

6.70

1.01

6.634

0.9753

Diversified

CMMT

FY10 – IPO

7.16

1.14

6.281

1.03

Malls

Al-Hadharah

1H – Jun10

3.80

1.40

5.429

1.3733

Diversified

Last Updated : 30-Nov-10

Note : Hektar : Yield Table Uses Full Year DPU 10.3 sen to Compute Yield as Hektar Pays DPU = 2.4 sen for Q1,Q2,Q3 and the Balance in Q4

Withholding tax

  • Resident Individual = 10%
  • Non Resident Individual = 10%
  • Resident Institutional Investors = 10%
  • Non-Resident Institutional Investors = 10%
  • Resident Companies = 0% ; Subject to Corporate Tax at Prevailing Rate
  • Non-Resident Companies = 25% for Year of Assessment 2009

 

November 30, 2010 Yield No Comments »

SunWay – thestar

Sunway REIT records pre-tax profit for Q1

 

Sunway Real Estate Investment Trust (REIT) recorded a pre-tax profit of RM310.64mil for the first quarter ended Sept 30, 2010, on the back of RM72.45mil revenue.

In a filing to Bursa Malaysia, Sunway REIT Management Sdn Bhd, the manager of Sunway REIT said the retail properties of Sunway REIT continued to enjoy increased visitors during the period under review and occupancy remained strong with Sunway Pyramid at 99%, Sunway Carnival at 93% and Suncity Ipoh Hypermarket at 100%.

It also expects the properties to continue to perform well especially Sunway Pyramid supported by positive economic fundamentals and the thriving Sunway Integrated Resort.

It said this was also reflected in the rental reversions achieved whereby Sunway Pyramid renewed 278 tenancies with net lettable area of approximately 924,000 sq ft representing 87% of the total net lettable area due for renewal in financial year ending June 30, 2011 with total rent increase of 15.8% for the three year-term.

The current renewal also saw the entrance of new retailers/food and beverage concept such as Daiso from Japan, Coach and T-Bowl Concept Restaurant. – Bernama

November 11, 2010 Sunway No Comments »

Hektar – BT

Hektar REIT Q3 profit rises to RM9.7m

Hektar Real Estate Investment Trust’s (Hektar REIT) pre-tax profit for the third quarter ended Sept 30, 2010 rose to RM9.73 million from RM9.58 million in the same quarter in 2009.

Revenue increased to RM22.68 million from RM22.56 million previously.

For the ninth-month period, its pre-tax profit rose to RM28.9 million from RM27.56 million in the corresponding period of the preceding year.

Revenue increased to RM67.89 million from RM66.18 million previously.


 

In a filing to Bursa Malaysia, the company attributed the good results to improvement in rentals and car park income.

“In addition, the application of Financial Reporting Standard 117 commencing Jan 1, 2010 also contributed to the higher revenue,” it said.

Hektar REIT said it would continue to optimise the property portfolio through selective asset enhancement in the existing malls, including a proposed cinema for Subang Parade and a new retail zone for Wetex Parade.

“The company will also continue to explore and negotiate potential acquisition opportunities,” it said.

It said following the completion of Mahkota Parade’s refurbishment in the second quarter of 2010, it would maintain the retail centre’s leadership position in Bandar Melaka.

Hektar REIT said it would maintain its view of cautious optimism for the Malaysian retail sector. — Bernama

November 3, 2010 Hektar No Comments »