IGB REIT - sure get

How to get IGB reit without applying IPO and depending on luck?

You can buy Kris ASSet directly.

RM 8.77

How much is today closing price?

1000 unit of KAsset will have distribution of 5420 unit of IGB REIT and capital repayment of RM 2,430.

IPO is 1.25, so 5420 * 1.25 = RM 6775 + 2430 = RM 9205.

By Buying at RM 8770, your gain RM 9205 - 8770 = RM 435.

This is not yet included the gain in the new IPO.


Any mistake???

Got so big kap na simply jump???

more: http://forum.lowyat.net/topic/1993103/+2100

More on IGB REIT:

The RM4 billion valuation that IGB Corporation Bhd (IGB) has targeted for its retail  assets, including The Gardens and Mid Valley Megamall, is achievable and may offer a six percent yield.
According to Loong Kok Wen, an analyst at RHB Research Institute Sdn Bhd (RHB Research), the RM1,543 psf was a viable valuation. The real estate investment trust's (REIT) potential yield was estimated assuming a 30 percent gearing.
"Although this (the yield) is not too attractive when compared with the yields of other REITs at their initial public offerings (IPOs), we believe investors should not overlook the huge population crowd coming from EcoCity in addition to the existing 30 million visitors per annum," noted Loong.
Kriss Assets Holdings Bhd, which is 76 percent owned by IGB, operates both malls which are currently valued at around RM1,100 psf.
The Suria KLCC and Pavilion Mall were recently valued at RM3,300 psf and RM2,600 psf, respectively, while Sunway Pyramid was valued at RM1,400 psf.
When completed, EcoCity would comprise about 2,000 residential units  as well as office space  of 4.7 million sq ft GFA.

Hong Leong research on REITs:
In Mar-Apr this year, we initiated coverage on CMMT and Sunway REIT with BUY calls, with target prices (TP) of RM1.53 and RM1.35 respectively.
 Since then, both REITs have performed well, and have achieved our TP. We now switch our calls on both CMMT and Sunway REIT to HOLD, but prefer CMMT due its higher DY of 6.0%. Our call on Pavilion REIT remains HOLD, with TP maintained at RM1.17.
Office segment: Challenging times ahead
The incoming supply pressures have started to negative impact occupancy rates in the KL CBD area, and we expect this weakness to spread to the suburban hotspots such as Petaling Jaya and Subang Jaya. We believe this weakness will persist beyond 2015. In our view, only niche areas such as Bandar Sunway and Bandar Utama will buck the trend, thanks to a favourable combination of limited new supply and strong demand, supported by the presence of a large commercial district.
Industrial segment: Defensive but unexciting
While we believe this sector will continue to enjoy stability, overall we are decidedly lukewarm due to the absence of obvious catalysts in the near term. This is mainly due to the nature of the longer lease tenors (5-15 years) and lower propensity for tenants to relocate. Axis REIT is the most active player in this segment.
Mixed-asset REITs adopting a “wait-and-see” stance for office assets
In our recent meetings with Pavilion REIT and Sunway REIT, we noted that their stance towards office assets is decidedly lukewarm. On a strategic level, Pavilion REIT intends to be completely passive on the office side. Sunway REIT has ROFR on Sunway Group’s impressive development pipeline, and retains the option of injecting The Pinnacle, which is due for completion in 2H 2013. In our view, The Pinnacle is expected to enjoy strong occupancy rates, making it the most outstanding outperformer vs. other office buildings in the Klang Valley area.

今年7月26日,怡保花园产托(IGBREIT)的托管人与Kris资产签署买卖协议,向后者收购谷中城美佳广场(MidValley Megamall)和相关资产,以及TheGardens Mall广场和相关资产,总值46亿1260万令吉。