June 2014

 

Average Yield = 6.885%

REIT

Period

DPU (sen)

Price (RM)

Yield

NAV (RM)

Assets Type

YTL Hospitality Reit

Q3 – Mar14

2.0804

0.915

9.095%

0.9953

Diversified

AmFirst

2H – Mar14

3.7000

0.945

7.831%

1.2381

Office

UOA

2H – Dec13

5.3900

1.380

7.812%

1.4992

Office

AmanahRaya

Q1 – Mar14

1.7000

0.915

7.743%

1.0216

Retail

Tower

2H – Dec13

5.6100

1.420

7.535%

1.7984

Office

Quill Capita

2H – Dec13

4.2800

1.170

7.162%

1.3458

Office

Atrium

Q1 – Mar14

2.2000

1.260

6.984%

1.3503

Industrial

Hektar

Q1 – Mar14

2.6000

1.510

6.887%

1.5301

Retail

Axis

Q1 – Mar14

5.3000

3.310

6.405%

2.2317

Office

CMMT

2H – Dec13

4.5000

1.480

6.081%

1.1960

Malls

IGB REIT

2H – Dec13

3.6100

1.220

5.918%

1.0643

Malls

Sunway

Q1 – Mar14

2.1000

1.440

5.833%

1.1787

Diversified

Al-AQAR Healthcare

2H – Dec13

3.9900

1.400

5.607%

1.1520

Plantation

Pavilion

2H – Dec13

3.7100

1.350

5.496%

1.1522

Malls

Last Updated : 30-Jun-14

Notes

  • AmanahRaya : Yield Uses DPU = 1.74 sen (Q413) + 1.815 sen (Q313) + 1.81 sen (Q213) + 1.7 sen (Q114) due to it’s seasonal nature
  • Al-Aqar KPJ : Yield Uses 2H12 DPU = 4.54 sen + 1H13 DPU = 3.86 sen as it is Observed that 2H DPU > 1H DPU
  • Tower : Yield Uses 1H13 DPU = 5.09 sen + 2H13 DPU = 5.61 sen
  • QCT : Yield Uses 2H13 DPU = 4.28 sen + 1H13 DPU = 4.1 sen as it is Observed that 2H DPU > 1H DPU
  • 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)

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
June 30, 2014 Yield Comments Off on June 2014

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