Category: AmFirst

Sell @ RM0.90. My last lots and also no more M’sia stocks after this sale. With many SREITs at better yield, I’m contemplating whether to shift all my RM back to invest here. Will watch and wait to see whether if another correction comes along, M’sia stocks become more attractive again. 😀

Note : I find that there’s a lot of hassle when investing in M’sia stocks,

1. Custodian charges if less than 2 trades/mth (SGX trades counted)
2. Last order is 4:45pm (didn’t know that till recently when my order got rejected after 4:45pm)
3. Order takes a couple of mins. to process and the Q may have disappeared by then
4. To avoid additional losses due FOREX bid/ask spread, better to maintain an RM Trust account, but that means no interest earned (I guess not much impact as DBS pays 0.1% interest for deposits nowadays)
5. Dividend handling charges is imposed and the dividends usually take 1mth+ (can be 2mths if you don’t track with your broker) before it comes in
6. No access to research reports for KLSE cos. Recently, also can’t access KLSE (or Bursa) website, so hard to keep track of co. announcements/results.

I guess the above hassles also applies for all non-SGX stocks and to date, I have not yet started my US stocks trading activities with a local brokerage! 😀

Sell @ RM0.935. Going up slowly with every sell! One more sell left. 😀

Sell @ RM0.92. Slowly selling off my M’sia REIT 😀

Sell @ RM0.90. Sold at a loss if based on avg cost, but slight profit if div is included. M-REITs are very much more price resilient than S-REITs during this melt-down. I think this shows the influence of foreign funds in SGX mkt! 😀

Buy @ RM0.925. Keep dropping with every buy! Yield @ 7.629% (6.527% Net of 15% with-holding tax). Going to stop buying and will wait for mid-year results now. May hold for short term as I now have excess stocks 🙂

Buy @ RM0.94. Yield @ 7.566% (Nett 6.423% after 15% with-holding tax). Droppin with every buy! Will be last buy as used up all my RM, unless I sell more PBankF 🙂

Buy @ RM0.955. Yield @ 7.438% (6.322% Nett of 15% With-holding Tax) 😀

Buy @ RM0.97. Same price as previous, spent the PBank Div 😀

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. 😀