AmFirst REIT @ RM0.97

Buy @ RM0.97. Yield @ 7.323% (6.289% net of 15% with-holding tax). Was hoping to buy at RM0.94 but got impatient as Malaysia Budget Day is on 7-Sep and there may be some ‘goodies’ (tax incentives) for REITs. Plan to do another buy when my PBank div are in (payable on 13-Aug -> took 20 days in FY06 for UOBKH to credit to my RM Trust acct, so am expecting it soon). Also, AmFirst FY end is Mar and div payout is on a semi-annual basis, so am expecting 3.83ct based on IPO forecast in Oct. 😀