Month: November 2011
November 2011
Results Announcement
- 1 Nov 11 : Sunway – DPU 1.75 sen
- 3 Nov 11 : QCT – No DPU Declared
- 4 Nov 11 : UOA – DPU 2.24 sen
- 4 Nov 11 : Hektar – DPU 2.5 sen
- 15 Nov 11 : Tower – No DPU Declared
- 16 Nov 11 : Al-Hadharah – No DPU Declared
- 17 Nov 11 : StarHill – No DPU Declared
- 25 Nov 11 : AmanahRaya – DPU 1.72 sen
Average Yield = 7.083%
|
REIT |
Period |
DPU (sen) |
Price (RM) |
Yield (%) |
NAV (RM) |
Assets Type |
|
Tower |
1H – Jun11 |
5.15 |
1.270 |
8.110 |
1.6526 |
Office |
|
Atrium |
Q3 – Sep11 |
2.10 |
1.060 |
7.925 |
1.0499 |
Industrial |
|
AmFirst |
1H – Sep11 |
4.48 |
1.160 |
7.724 |
1.4073 |
Office |
|
Hektar |
FY10 – Dec |
10.3 |
1.350 |
7.630 |
1.3300 |
Retail |
|
Al-AQAR KPJ |
1H – Jun11 |
5.17 |
1.130 |
7.496 |
1.0800 |
Plantation |
|
AmanahRaya |
Q3 – Sep11 |
1.72 |
0.920 |
7.478 |
0.9754 |
Retail |
|
Quill Capita |
1H – Jun11 |
4.00 |
1.090 |
7.339 |
1.2798 |
Office |
|
StarHill |
2H – Jun11 |
3.199 |
0.880 |
7.270 |
1.1508 |
Diversified |
|
Axis |
Q3 – Sep11 |
4.30 |
2.590 |
6.641 |
1.9984 |
Office |
|
Al-Hadharah |
1H – Jun11 |
4.00 |
1.550 |
6.581 |
1.4253 |
Diversified |
|
UOA |
Q3 – Sep11 |
2.24 |
1.420 |
6.310 |
1.4266 |
Office |
|
Sunway |
Q1 – Sep11 |
1.75 |
1.170 |
5.983 |
1.0140 |
Diversified |
|
CMMT |
2H – Dec11 |
2.83 |
1.400 |
5.590 |
1.0627 |
Malls |
Last Updated : 30-Nov-11
Notes
- CMMT : Advance DPU = 2.83sen (1-Jul-11 to 10-Nov-11)
- Al-Aqar KPJ : Yield Uses 2H10 DPU = 5.17 sen + 1H11 DPU = 3.3 sen as it is Observed that 2H DPU > 1H DPU
- Al-Hadharah : Yield Uses 2H10 DPU = 6.2 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
- Hektar : Yield Table Uses Full Year DPU 10.3 sen to Compute Yield as Hektar Pays DPU = 2.5 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
Pavillion – BT Singapore
Pavilion Reit raising RM710m in IPO
(KUALA LUMPUR) Pavilion Real Estate Investment Trust, a Malaysian shopping mall trust part-owned by Qatar Investment Authority, is raising RM710 million (S$291 million) in an initial public offering, two people with knowledge of the matter said.
The company plans to sell units at 90 sen apiece to institutions and at 88 sen to retail investors, said the people, who asked not to be identified as pricing details are private.
Pavilion Reit had marketed the units at 88 sen to 90 sen. Demand exceeded supply by more than 26 times, one of the people said.
The IPO will be the South-east Asian nation’s fourth biggest this year, after share sales by Bumi Armada, UOA Development and MSM Malaysia. Investor demand for shares exceeded supply by more than 40 times for Bumi Armada and MSM’s offerings.
‘It’s probably due to the scarcity factor for big, good-quality IPOs and an appetite for new stock in Malaysia, which seems to be a defensive market,’ said Christopher Wong, a Singapore-based senior investment manager at Aberdeen Asset Management Asia Ltd, which oversees more than US$90 billion of regional equities.
Kuala Lumpur-based Pavilion Reit, which is expected to list next month, has a distribution yield forecast of as much as 6.73 per cent based on the fiscal 2012 earnings estimate, according to a note to investors.
The company owns the Pavilion mall and an adjacent office tower in the capital’s Bukit Bintang area, which Malaysia is developing to rival Singapore’s Orchard Road.
The mall, with a gross floor area of 2.2 million square feet, has an appraised value of RM3.4 billion as of June 1, according to its prospectus, and houses luxury retailers including Bulgari SpA and Prada SpA. — Bloomberg
Pavilion – BT
Pavilion Reit to market IPO at 90 sen/unit
Pavilion Real Estate Investment Trust, a Malaysian retail property trust, is marketing its initial public offering to institutions at 88 sen to 90 sen per unit, according to a note sent to investors.
The company expects a distribution yield of as much as 6.73 percent based on its 2012 earnings estimates, the note said. — Bloomberg
Sunway – BT
Sunway REIT property income up 27.2pc
Sunway Real Estate Investment Trust (Sunway REIT) recorded a 27.2 per cent jump in its net property income to RM70.3 million for the quarter ending Sept 30, 2011 over that of the previous corresponding period, said its manager Sunway REIT Management Sdn Bhd.
The company attributed the strong performance to the higher contributions from the initial portfolio of eight assets and Sunway Putra Place of RM9.7 million and RM5.3 million respectively.
Sunway REIT’s net realised income rose by 15.1 per cent to RM44.2 million in the same period from that of the previous corresponding period.
Overall, Sunway REIT has performed better by RM5.8 million after taking into account the net loss of RM1.8 million by Sunway Putra Place due to no income contribution from Sunway Putra Hotel in the first quarter of its current financial year.
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|
Sunway REIT secured full control and possession of Sunway Putra Place including the hotel on Sept 28 2011, and the manager expects positive contribution for the financial year ending June 2012.
The manager announced distribution per unit of 1.75 sen for the first quarter of its current financial year, representing an increase of 15.9 per cent compared to the previous corresponding period. This translates into an annualised distribution yield of 6.3 per cent based on Sunway REIT’s closing price of RM1.11 on Sept 30, 2011.
Sunway REIT Management chief executive officer Datuk Jeffrey Ng said: “We are positive on the prospect of the portfolio for this financial year amidst headwinds in the external environment. With the full possession and control of Sunway Putra Place, the focus now is to turn around the property and reposition the property into a must-visit destination for local visitors and foreign tourists.”
“We are confident that upon the completion of the refurbishment exercise, the asset will enjoy a quantum leap in income as well as capital appreciation in the asset value,” he added. – Bernama