August 2012

Results Announcement

  • 7 Aug 12 : Sunway (Updated)
  • 10 Aug 12 : Hektar (Updated)
  • 15 Aug 12 : Al-Hadharah (Updated)
  • 27 Aug 12 : Al-Aqar Healthcare (Updated)

 

Average Yield = 6.645%

REIT

Period

DPU (sen)

Price (RM)

Yield

NAV (RM)

Assets Type

AmFirst

2H – Mar12

4.83

1.060

9.113%

1.4400

Office

Tower

1H – Jun12

5.48

1.440

7.764%

1.6856

Office

UOA

1H – Jun12

5.53

1.440

7.681%

1.4281

Office

AmanahRaya

Q2 – Jun12

1.80

0.950

7.579%

1.0493

Retail

Hektar

FY11 – Dec

10.50

1.420

7.394%

1.4900

Retail

Atrium

Q2 – Jun12

2.20

1.220

7.213%

1.1271

Industrial

Quill Capita

1H – Jun12

4.10

1.140

7.193%

1.2958

Office

Starhill

2H – Jun12

3.62

1.060

6.839%

1.1460

Diversified

Al-Hadharah

1H – Jun12

4.50

2.070

6.039%

1.7956

Diversified

Al-AQAR Healthcare

1H – Jun12

3.26

1.400

6.021%

1.1000

Plantation

Axis

Q2 – Jun12

4.40

3.060

5.752%

2.1130

Office

Sunway

Q4 – Jun12

1.89

1.440

5.194%

1.0968

Diversified

CMMT

1H – Jun12

4.20

1.690

4.970%

1.1492

Malls

Pavilion

FY12 – IPO

5.73

1.340

4.276%

0.9500

Malls

Last Updated : 31-Aug-12

Notes

  • 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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