Thursday, January 7, 2010

BSDREIT



As we enter in January and February of 2010, there is this REIT worth mentioning, which is one of its kind in REIT industry, a first plantation REIT in Malaysia. Yes is none other than BSDREIT. Most of the REITs that we dealt with today are usually buildings REIT but this one is plantation land REIT.

BSDREIT is an ISLAMIC plantation-based reit as well. It is managed & administered by Boustead REIT Managers Sdn Bhd. Its investment objective is to invest primarily in plantation assets (oil palm estates and palm oil mills). BSDREIT currently owns plantation lands that previously belong to Boustead Group. Those lands are sold to Bsdreit and then lease back to Boustead Group, in return Bsdreit get the leasing fees as revenue. Beside the leasing fees, there is also agreement for Bsdreit to gain some % of profit sharing from the increase of CPO price.

January & February are the crucial months for Bsdreit as the company is entering the months to consolidate their total income and it is also estimated to announce the distribution payout around this period, i guess this might provide kicker to the share price as well.

At the point of writting this, Bsdreit stood at RM1.31. Lembaga Tabung Haji is accumulating it almost every single month in open market since June 2009.

20 comments:

Anonymous said...

Sold off all Tenaga at 8.21-8.23, realize few hundred intraday gain :)

Bought more UOAREITs at 1.29

Anonymous said...

Market make reverse turn, at negaive territory now!? time is due for correction....

horse said...

Market take a reverse gear.
Good to pick some back for cny rally, don;t think it just end so soon. :)

Anonymous said...

Market close down just less than 2 point following other regional and European trend and profit taking. Today, portfolio just manage to make some intraday gain on tenaga; portfolio have also in today market sold off all remaining stake of Lonbisc at 1.02-1.05. On the other hands, Portfolio have further increase stake of UOAREITs to maximum level.

Current portfolio already in ultramaximum margin line, but remain relatively safe and defensive as most of the holding are REITs (94% weight) and to be expected to declare income by this month


Update protfolio

REITs core stock

UOAREITs 100%
BsdREITS 73%
TowerREITs 25%
StarREITs 10%

IGB 8.5%
Protasco 6%

Anonymous said...

horse

Market may retest again 1300 resistance level after almost reach in today market. Nonetheless, market may soon need to take break and absorb this strong rally before initiate next attempt

lofan73 said...

lofan,

hi guys, i hve the same thought as well..the bull is slowing down only n it will charge back again. still holding axiata,tm,maybank,rce,genting,genm,waseong,deleum,tgoff,csc,hiaptek,masteel etc

Anonymous said...

horse

About BsdREITs, the expected income should be around 7-7.5sen (fixed income + performance fee) or more than 5% return. I'm intend to increase further to up to 100%stake in portfolio :)

Anonymous said...

Lofan

Based on your holding: axiata,tm,maybank,rce,genting,genm,waseong,deleum. You must reap a lot of profit from this strong rally. Like horse always said: Laughing all D way to D bank loh and grab windfall angpau to celebrate CNY :)

lofan73 said...

hng,

i just played small only,not much profit

horse said...

lofan,

even how small u play, with so many counter on hand, each take 5k multiply 10 ctrs is 50k already. This amount is neither small as well... :)

Anonymous said...

horse, lofan

I think being parttimer, one way to benchmark your return of investment is to compare against your monthly salary. If profit from investment is your 10-30% of salary income, one may consider very successful passive investor.


No trading today, market quiet, stock are trading sideway, volume getting lower.

Anonymous said...

I'm very uncomfort toward news on
Three churches fire-bombed. Racial and religious tension in Msia seem uncontrollable now and worsening.....

The Metro Tabernacle church in Desa Melawati, Kuala Lumpur, has been fire-bombed in an attack that gutted its ground floor early this morning. At least two other churches in Petaling Jaya have also been attacked in the past 12 hours.

horse said...

Just because of one word that causing these havoc.... sad.. :(
Malaysian mentally still stay in stone age.

Anonymous said...

Bought more UPAREITs at 1.29, exceeding maximum level already...

horse said...

existing plantation assets for BSDREIT :-
(i) Bekoh Estate, Johor
(ii) Malaya Estate, Perak
(iii) Kulai Young Estate, Johor
(iv) Bukit Mertajam Estate, Kedah
(v) Batu Pekaka Estate, Kedah
(vi) Chamek Estate, Johor
(vii) Telok Sengat Estate, Johor
(viii) Telok Sengat Palm Oil Mill, Johor
(ix) Lepan Kabu Estate, Kelantan
(x) Lepan Kabu Palm Oil Mill, Kelantan
(xi) Malakoff Estate, Pulau Pinang
(xii) Bebar Estate, Pahang

Anonymous said...

Update protfolio

REITs core stock

UOAREITs 125%
BsdREITS 73%
TowerREITs 25%
StarREITs 10%

IGB 8.5%
Protasco 5

lofan73 said...

hng,i agree wif u.wht is so important of tht word?i also dont understand of these ppl mentality.market is on the bullish trend already plus the positive coming ths quarter and ths stupid ppl wan to kacau bilau.so stupid man. dont worry bro,najib will definitely put a stop on ths.

Anonymous said...

Sold off all Protasco at 94sen

Anonymous said...

Update protfolio

REITs core stock

UOAREITs 125%
BsdREITS 73%
TowerREITs 25%
StarREITs 10%

Trading stock
IGB 8.5%

horse said...

Bought BSDREIT at 1.31...

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