Recently, there has been a reshuffling where Axis has named Nabhesh Khanna as chief executive officer Nabhesh is an Indian national who had over 18 years of experience, including two years of production experience in industrial products in multinational companies. Meanwhile, Managing director Datuk Dr Aw Yuan Meng had been redesignated vice-chairman

Among the potential REITs that may list on Bursa Malaysia next year are Sunway City Bhd’s (SunCity) REIT and Singapore‘s CapitaLand Ltd REIT. (Currently, Malaysia has 13 REITs listed on Bursa Malaysia with an estimated market capitalisation of RM4.1 billion as at January 2009.) According to REITs experts, the present high yields of #9% of [...]

Am ARA REIT Managers Sdn Bhd , property Manager announced the financial performance of  its AmFIRST Real Estate Investment Trust (AmFIRST):- ·          Posted revenue of RM23.65 million for the first quarter ended 30 June 2009, a 5 per cent increase from RM22.52 million registered in the previous corresponding quarter. Net property income for the period [...]

It would be interesting note that at 18 August 2009, the total returns from the eleven(11) Malaysian REITS are as follows: REITS PERFORMANCE AGAINST LAST YEAR Lowest Price Last Year Name Close @ 19/8/09 Increase agst Last Year’s Low Dividend Yield 1.00 Axreit 1.78 79% 8.60 0.73 Hektar 1.11 52% 9.20 0.88 UOAreit 1.25 42% 8.00 [...]

REIT Management Sdn Bhd, the manager of Tower REIT announced that Tower REIT would acquire the RM78 million junior bonds, which were issued by Injaz AsiaEquity Property under an asset securitisation exercise, for a total consideration of RM157.5 million. It will also acquire a call option for RM1 and the Kenanga International building for RM120 [...]

The SC in its revised REITS guidelines which came into effect yesterday, has just announce some of the following measures to enhance the attractiveness of Bursa Malaysia as a destination for REIT listings and promote a vibrant and competitive REIT industry domestically and regionally: REIT would now be able to acquire property under construction or [...]

Singapore-based CapitaLand Ltd has submitted its application to list its RM2bil real estate investment trust (REIT) on Bursa Malaysia. It’s chief investment officer Kee Teck Koon only expects to obtain the approval by the fourth quarter of this year. Assets to be injected into the trust will include Gurney Plaza in Penang, Mines Shopping Fair [...]