CMMT’s share price and earnings soar even as competition intensifies
KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.
Sizing up SC’s proposed changes to REIT rules
REAL estate investment trusts (REITs), as prospective property buyers, not only provide a new source of deals but is also an avenue for banks to cut property-related lending exposure as developers raise cash from property disposals to relieve their stretched balance sheets.
Five reasons to NOT participate in EC World REIT’s IPO
SINGAPORE (July 19): Religare is recommending investors “do not participate” in the upcoming Singapore initial public offering (IPO) for EC World REIT, citing a number of downside risks.
Ekovest to keep EkoCheras Mall for planned REIT, says chairman
KUALA LUMPUR (July 19): Ekovest Bhd does not intend to sell its EkoCheras Mall as it plans to keep it for recurring income and to group it with other properties that provide recurring income, like the group’s RM4 billion River of Life project, to form a real estate investment trust (REIT), said its executive chairman Tan Sri Lim Kang Hoo (pictured).
SC’s proposed new guidelines will not impact REITs in the near to medium term
Real estate investment trust sector Maintain neutral: Last Thursday, the Securities Commission Malaysia (SC) released several proposed enhancements to Malaysia’s guidelines on real estate investment trusts (REITs) seeking public feedback.
Is there more upside for REITs on expectation of another rate cut?
CONTRARY to the expectation of most economists, Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points to 3% last Wednesday, following its counterparts from Indonesia, Singapore and Taiwan.
Manulife US REIT secures new loan; distributions to increase
SINGAPORE (July 15): Manulife US REIT has secured mortgage loan facilities from Wells Fargo Bank and National Association Royal Bank of Canada for US$296 million (RM1.
REITs rise, banks decline on Bursa following OPR cut
KUALA LUMPUR (July 15): Real estate investment trust (REIT) prices rose in early trades on Bursa Malaysia yesterday following Bank Negara Malaysia’s move to cut the overnight policy rate (OPR), but pared gains in the afternoon.
SC seeks to relax REIT rules
KUALA LUMPUR (July 15): Malaysian real estate investment trusts (REITs) may soon be able to buy vacant land and engage in property development activities if a new proposal by the Securities Commission Malaysia (SC) garners positive response.
Market seen moving into M-REITs on OPR cut to 3%
M-REIT sector Upgrade to overweight: Much to our surprise, Bank Negara Malaysia (BNM) cut the overnight policy rate (OPR) by 25 basis points to 3% and we believe this will continue to spur the market to move into yield assets, and Malaysian real estate investment trusts (M-REITs) are often the darling of equity investors during monetary easing due to their stability and high-yielding nature, despite the average yield being compressed to 6.
