November 2012

Average Yield = 6.513%

REIT

Period

DPU (sen)

Price (RM)

Yield

NAV (RM)

Assets Type

AmFirst

2H – Mar12

4.83

1.060

9.113%

1.4400

Office

UOA

1H – Jun12

5.53

1.410

7.844%

1.4303

Office

AmanahRaya

Q2 – Jun12

1.80

0.925

7.784%

1.0493

Retail

Tower

1H – Jun12

5.48

1.480

7.554%

1.6651

Office

Hektar

FY11 – Dec

10.50

1.470

7.143%

1.4900

Retail

Atrium

Q3 -Sep12

2.20

1.260

6.984%

1.1278

Industrial

Starhill

2H – Jun12

3.62

1.060

6.839%

1.1460

Diversified

Quill Capita

1H – Jun12

4.10

1.220

6.721%

1.2965

Office

Al-AQAR Healthcare

1H – Jun12

3.26

1.310

6.435%

1.1000

Plantation

Al-Hadharah

1H – Jun12

4.50

1.950

6.410%

1.7956

Diversified

Sunway

Q1 – Sep12

2.03

1.460

5.562%

1.0968

Diversified

Axis

Q2 -Sep12

4.30

3.120

5.513%

2.1154

Office

CMMT

1H – Jun12

4.20

1.710

4.912%

1.1481

Malls

IGB REIT

FY12 – IPO

6.38

1.340

4.761%

0.9960

Malls

Pavilion

FY12 – IPO

5.73

1.390

4.122%

0.9500

Malls

Last Updated : 30-Nov-12

Notes

  • IGB REIT : DPU = 6.38 sen (IPO FY12 Forecast)
  • AmFirst : 3-for-5 Rights @ RM0.83 ; 10 Jul 12 Circular ; NAV = RM1.44 -> RM1.18 ; Gearing = 45.89% -> 29.68% ; Loan Interest Savings = RM8.93Mil
  • Pavilion : DPU = 5.73 sen (IPO FY12 Forecast)
  • Tower : Yield Uses 1H12 DPU = 5.48 sen + 2H11 DPU = 5.7 sen
  • Al-Aqar KPJ : Yield Uses 2H11 DPU = 5.17 sen + 1H12 DPU = 3.26 sen as it is Observed that 2H DPU > 1H DPU
  • Al-Hadharah : Yield Uses 2H11 DPU = 8 sen + 1H12 DPU = 4.5 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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