May 2012

 

Average Yield = 6.998%

REIT

Period

DPU (sen)

Price (RM)

Yield

NAV (RM)

Assets Type

Starhill

1H – Dec11

4.0112

0.905

8.865%

1.1448

Diversified

AmFirst

2H – Mar12

4.83

1.160

8.328%

1.4400

Office

AmanahRaya

Q4 – Dec11

1.88

0.925

8.130%

1.0496

Retail

UOA

Q4 – Dec11

2.7

1.330

8.120%

1.4224

Office

Tower

2H – Dec11

5.7

1.410

7.695%

1.6609

Office

Atrium

Q1 – Mar12

2.2

1.160

7.586%

1.1051

Industrial

Quill Capita

2H – Dec11

4.3

1.140

7.544%

1.2947

Office

Hektar

FY11 – Dec

10.50

1.410

7.447%

1.4800

Retail

Al-Hadharah

2H – Dec11

8.00

1.790

6.704%

1.8064

Diversified

Axis

Q1 – Mar12

4.3

2.740

6.277%

2.1138

Office

Sunway

Q3 – Mar12

1.87

1.290

5.798%

1.0137

Diversified

Al-AQAR Healthcare

2H – Dec11

2.52

1.380

5.572%

1.1200

Plantation

CMMT

Q1 – Mar12

2.09

1.520

5.500%

1.0946

Malls

Pavilion

FY12 – IPO

5.73

1.300

4.408%

0.9600

Malls

Last Updated : 31-May-12

Notes

  • Pavilion : DPU = 5.73 sen (IPO FY12 Forecast)
  • Tower : Yield Uses 1H11 DPU = 5.15 sen + 2H11 DPU = 5.7 sen
  • Al-Aqar KPJ : Yield Uses 1H11 DPU = 5.17 sen + 2H11 DPU = 2,52 sen as it is Observed that 2H DPU > 1H DPU
  • Al-Hadharah : Yield Uses 2H11 DPU = 8 sen + 1H11 DPU = 4 sen as it is Observed that 2H DPU > 1H DPU
  • Hektar : Yield Table Uses Full Year DPU 10.5 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

 

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