Comparison among REITs (IGB, PAV, SUNREIT)

Comparison done on 16/11/2016 : 

	IGB	PAV	SUNREIT
Date
EPS	7.52	9.36	10.96
P/E Ratio	20.64	17.98	15.3
Dividend	8.13	8.3	9.33
Dividend Yield (%)	5.28	4.94	5.55
NAB	1.0732	1.2536	1.3547
Share price	1.54	1.68	1.68
Comparison :	IGB vs SUNREIT	IGB vs PAV	PAV vs SUNREIT
EPS	-31.4%	-19.7%	-14.6%
P/E Ratio	34.9%	14.8%	17.5%
Dividend	-12.9%	-2.0%	-11.0%
Dividend Yield (%)	-4.9%	6.9%	-11.0%
NAB	-20.8%	-14.4%	-7.5%
Share price	-8.3%	-8.3%	0.0%

Interpretation : 

IGB vs SUNREIT

EPS 31.4% lower than SUNREIT but DY only 4.9% lower, and share price 8.3% lower. 

=====> IGB is worth to buy compare to SUNREIT at this point.

IGB vs PAV

EPS 19.7% lower than PAV but DY is higher 6.9% compare to PAV, share price is 8.3% lower.

=====> IGB is worth to buy compare to PAV at this point.

PAV vs SUNREIT

EPS 14.6% lower than SUNREIT, but DY 11% lower, meanwhile share price is same.

=====> SUNREIT more worth to buy compare to PAV at this point.

Conclusion : 

TO BUY IGBREIT.

Target price : RM 1.50

Available : RM 500.

Unit can be purchase at RM 1.50 (include roughly water money) = 300units (3 lots)

IGB REAL ESTATE INVESTMENT TRUST (5227)

IGB REAL ESTATE INVESTMENT TRUST (5227)

Financial Year End	31 Dec 2016
Quarter	3 Qtr
Quarterly report for the financial period ended	30 Sep 2016
The figures	have not been audited

Attachments IGBReit-Interim Report-Sep16-161025.pdf 200.5 kB

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000
1	Revenue	125,879	120,955	381,690	367,757
2	Profit/(loss) before tax	68,772	65,125	207,546	200,865
3	Profit/(loss) for the period	68,772	65,125	207,546	200,865
4	Profit/(loss) attributable to ordinary equity holders of the parent	68,772	65,125	207,546	200,865
5	Basic earnings/(loss) per share (Subunit)	1.98	1.88	5.96	5.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	4.41	4.47
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0732		1.0558

Comparison among Current Year Quarter with Preceding Year Corresponding Quarter: 
Revenue : + 4.07%
Profit/(loss) before tax : +5.60%
Profit/(loss) for the period : +5.60%
Profit/(loss) attributable to ordinary equity holders of the parent : +5.60%
Basic earnings/(loss) per share (Subunit) : 5.32%
Proposed/Declared dividend per share (Subunit) : NIL


Comparison among Current Year to Date with Preceding Year Corresponding Period : 
Revenue : + 3.79%
Profit/(loss) before tax : +3.33%
Profit/(loss) for the period : +3.33%
Profit/(loss) attributable to ordinary equity holders of the parent : +3.33%
Basic earnings/(loss) per share (Subunit) : 2.58%
Proposed/Declared dividend per share (Subunit) : -1.34%

Net assets per share attributable to ordinary equity holders of the parent ($$) : +1.65%


NIL DIVIDEND TO BE PAY OUT IVO DIVIDEND ONLY PAY OUT ON JANUARY AND JULY.

Share price on 16/11/2016 : RM 1.53

MAXIS BERHAD [S] (6012)

MAXIS BERHAD [S] (6012)

[written on 24/10/2016]

Interpretation :
Revenue dropped 0.46% but Net profit increased 19.67%.
Compare of Current Year to Date with Preceding Year Corresponding Period, revenue dropped 0.42% but net profit increased 18.09%, EPS raised, DPS remain.

DPS = 5sen
Today's closing price : RM 6.20
DY = 0.05/6.2 = 0.81%

EPS : 26.32
NTA : 0.6122
DPS : 20.03
P/E : 23.55
ROE : 42.99
DY : 3.23

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000
1	Revenue	2,156,000 [-0.46%]	2,166,000	6,398,000 [-0.42%]	6,425,000
2	Profit/(loss) before tax	680,000 [20.14%]	566,000	2,062,000 [15.39%]	1,787,000
3	Profit/(loss) for the period	505,000  [19.67%]	422,000	1,508,000 [18.09%]	1,277,000
4	Profit/(loss) attributable to ordinary equity holders of the parent	503,000 [19.76%]	420,000	1,509,000 [18.73%]	1,271,000
5	Basic earnings/(loss) per share (Subunit)	6.70  [19.64%]	5.60	20.10 [18.93%]	16.90
6	Proposed/Declared dividend per share (Subunit)	5.00  [0%]	5.00	15.00 [0%]	15.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.6100		0.5600

DIGI.COM BERHAD [S] (6947)

DIGI.COM BERHAD [S] (6947)

[written on 24/10/2016]

Interpretation :
Revenue dropped 3.32%, but profit increased 10.53%.
Compare of Current Year to Date with Preceding Year Corresponding Period, revenue dropped 5.04% net profit dropped 6.13%, EPS dorpped 6.15%, DPS dropped 5.85%.

DPS = 5.6 sen
Today's closing price : RM 5.01
DY = 0.056/5.01 = 1.12%

EPS : 21.1
NTA : 0.07
DPS : 20.5
P/E : 23.75
ROE : 301.43
DY : 4.09

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000
1	Revenue	1,619,110 [-3.32%]	1,674,673	4,927,381  [-5.04%]	5,189,130
2	Profit/(loss) before tax	585,382  [ +9% ]	537,035	1,694,578  [-5.30%]	1,789,389
3	Profit/(loss) for the period	438,381 [10.53%]	396,615	1,258,031 [-6.13%]	1,340,190
4	Profit/(loss) attributable to ordinary equity holders of the parent	438,381 [10.53%]	396,615	1,258,031 [-6.13%]	1,340,190
5	Basic earnings/(loss) per share (Subunit)	5.64  [10.59%]	5.10	16.18 [-6.15%]	17.24
6	Proposed/Declared dividend per share (Subunit)	5.60  [9.80%}	5.10	16.10 [-5.85%]	17.10
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0700		0.0700

Remarks :

The Board of Directors has declared a third interim tax exempt (single-tier) dividend of 5.6 sen per ordinary share of RM0.01 each in respect of the financial year ending 31 December 2016.

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

《创富百万，你可选择》阅后笔记

第15章

• Debtors/Receivables  =    债务人/应收账款   
• Creditors/Payables    =     债权人/应付账款
• Debtors/Receivables < Creditors/Payables 

• 一家公司取得盈利，并不意味着该公司有现金流进。
• 盈利不等于现金。
• 应注重： 

1. 营业额  Turnover
2. 盈利表现   Profitability
3. 营运活动现金流  Cash flow from operating activities
4. 应收账款   Account Receivables
5. 手上持有的现金   Cash on hand held
6. 总贷款   Total loans

• 如果营运现金流  >  净利 ------ 赞!!
• Cash flow from operating activities > Net Profit -----> Good !!
• 现金活动现金流 高于 净利的原因包括：

1. 折旧与摊销
2. 供应商愿意放账，让公司无需先支付现金下取得货源且创造盈利。这也关系到回酬，公司拿到货源，可能出货收到钱后，才再付账给货源商 （先拿别人的钱赚钱给自己）。这种情况叫 “借力”， 如果在借贷方面则称之为 “杠杆化” （Leveraged）。
3. 恰当的运用贷款所带来的杠杆作用，就可以推高公司的股本回酬 （ROE），这也是为何有些公司偏爱透过贷款的方式来进行扩展计划。但是，贷款将导致公司的资产回酬（ROA）下滑。

            总资产       =       总债务       +         股东权益

            Total assets = Total liabilities +  shareholders' equity

TOP GLOVE CORPORATION BHD [S] (7113)

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2016	31 Aug 2015	31 Aug 2016	31 Aug 2015
		$$'000	$$'000	$$'000	$$'000
1	Revenue	722,114 (^1.8%)	709,445	2,888,515 (^15.1%)	2,510,510
2	Profit/(loss) before tax	75,776 (-43.6%)	134,320	442,628 (^ 21.8%)	363,538
3	Profit/(loss) for the period	65,833 (-36.2%)	103,226	362,762 (^29.0%)	281,192
4	Profit/(loss) attributable to ordinary equity holders of the parent	65,640 (-36.1%)	102,755	361,051 (^29.0%)	279,781
5	Basic earnings/(loss) per share (Subunit)	5.24 (-36.9%)	8.31	28.85 (^27.6%)	22.61
6	Proposed/Declared dividend per share (Subunit)	8.50 (41.7%)	6.00	14.50 (^26.1%)	11.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4600 (^12.3%)		1.3000

Remarks :

For comparative purpose, the Basic Earnings Per Share, Dividend Declared Per Share and Net Asset Per Share Attributable to Ordinary Equity Holders of the Company for the quarter and year-to-date ended 31 May 2015, had been adjusted to reflect the bonus issue of 1 for 1 existing ordinary share of par value of RM0.50 each, which was completed on 27 January 2016.

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Comparison for the past 20yrs (from Harryt30) : 

Click here to refer to Harry Teo's blogspot

Special thanks to Harry ^^

(P/s : In the midst of learning how to use excel file to create such a good graph.)

Dividend payout month/ Financial year ended/ AGM location

By Company :

LPI Capital BHD (8621)
Bursa Malaysia - direct link to LPI Capital BHD (8621)

1) Dividend payout month :
End of February
Early August

2) Financial closing :
December of the year.

3) AGM month (might be changed) and location :
March @ Shangri-La Hotel Kuala Lumpur, 11 Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia

SUNREIT (5176)
Bursa Malaysia - direct link to SUNREIT (5176)
1) Dividend payout month :
Every quarter

2) Financial closing :
June of the year

3) AGM month (might be changed) and location :
September @ Sunway Resort & Spa Hotel

IGB REAL ESTATE INVESTMENT TRUST (5227)
Bursa Malaysia - direct link to IGBREIT (5227)
1) Dividend payout month :
Twice a year (January and July)

2) Financial closing :
December of the year

3) AGM month (might be changed) and location :
End of April @
Bintang Ballroom, Level 5, Cititel Mid Valley, Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur, Malaysia

DLADY (3026) 
Bursa Malaysia - direct link to DLady (3026)
1) Dividend payout month :
May
December

2) Financial closing :

3) AGM month (might be changed) and location :
April @ Atlanta Ballroom, Level 3, Hotel Armada, Lorong Utara C, Section 52, 46200 Petaling Jaya, Selangor Darul Ehsan

NESTLE (4707)
Bursa Malaysia - direct link to Nestle (4707)
1) Dividend payout month :
Interim Dividend : End of September
Second Interim Dividend : Early December
Final Dividend : Early June

2) Financial closing :
31 December of the year

3) AGM :
April @ 10am
Ballroom B & C, Hilton Kuala Lumpur,  3 Jalan Stesen Sentral,  50470 Kuala Lumpur.

MAYBANK (1155)
Bursa Malaysia - direct link to Maybank (1155)
1) Dividend payout month :
End of May or early June
End of Oct or early November

2) Financial closing :
December of the  year

3) AGM month (might be changed) and location :
Aprill @ Sime Darby Convention Centre, Kuala Lumpur.

MAGNI-TECH INDUSTRIES BERHAD (7087)
Bursa Malaysia direct link to MAGNI
1) Dividend payout month :
Interim Dividend : April
Special Dividend : April, October
Final Dividend : October

2) Financial closing :
April

3) AGM month
September @ 9.30am
Berjaya 1, 7th Floor, Georgetown City Hotel, 1-Stop Midlands Park Centre, Jalan Burmah, 10350 Penang

PADINI HOLDINGS BERHAD [S] (7052)
Bursa Malaysia direct link to PADINI (7052)
1) Dividend payout month :
March, June, September, December

2) Financial closing :
June of the year.

3) AGM month
October @
The Glenmarie Ballroom, Lobby Level, Holiday Inn Kuala Lumpur Glenmarie, No. 1, Jalan Usahawan U1/8, Seksyen U1, 40250 Shah Alam, Selangor Darul Ehsan

PANAMY (3719)
Bursa Malaysia - direct link to PANAMY (3719)
1) Dividend payout month :
January
September

2) Financial closing :

3) AGM month (might be changed) and location :
August @ Venue: No. 3, Jalan Sesiku 15/2, Section 15, Shah Alam Industrial Site, 40200 Shah Alam, Selangor Darul Ehsan

TOPGLOV (7113)
Bursa Malaysia - direct link to TOPGLOV (7113)
1) Dividend payout month :
January
July

2) Financial closing :

3) AGM month (might be changed) and location :
Jan @ TG Grand Ballroom 1,
Level 9, Top Glove Tower of 16,
Persiaran Setia Dagang, Setia Alam,
Seksyen U13, 40170 Shah Alam,
Selangor Darul Ehsan, Malaysia

By month :

January : 

PANAMY

IGBREIT
TOPGLOV

AGM : TOPGLOV

February

LPI Capital BHD

March 

PADINI HOLDINGS BERHAD [S] (7052)

AGM : LPI,

April

MAGNI

AGM : IGBREIT, DLADY, NESTLE, MAYBANK,

May 

MAYBANK

DLADY

June

PADINI HOLDINGS BERHAD [S] (7052)

NESTLE

July

*IGBREIT

TOPGLOV

August

LPI Capital BHD

AGM : PANAMY

September

PANAMY
PADINI HOLDINGS BERHAD [S] (7052)

NESTLE

* Receiveable :
SUNREIT 13/9/2016

AGM : SUNREIT, MAGNI,

October
MAYBANK

MAGNI

AGM : PADINI, 

November

 Receivable :
SUNREIT 29/11/2016

December

DLADY
PADINI HOLDINGS BERHAD [S] (7052)
NESTLE