Comments on: Tower REIT focuses on Malaysia Prime Office

By: Gaston Rosato

Gaston Rosato — Mon, 22 Mar 2010 00:50:49 +0000

I really enjoy reading your posts, i just used this website SwapmySeeds.com, as a way of giving away my unused seeds. Anyone know what I can sell them for? I have maybe 60 chrysanthemum seeds left.

By: Hwang

Hwang — Thu, 01 Oct 2009 05:55:31 +0000

Thanks Larry. i am likely to adopt a wait and see approach for the time being then. Please do continue to share with us interesting news about Tower REIT and others.

By: larry

larry — Mon, 28 Sep 2009 12:21:23 +0000

Hi Hwang, at this stage I’m a bit more comfortable with Tower REIT because of their low gearing position. From our meeting with management, they are pretty conservative and you can get the sense that there will not be high risk taking in this fund. For AmFirst, I’m not too comfortable about their acquisiton of Summit USJ and gearing position. Tower REIT does have some large tenancy expiries such as HLA and HP but in the case of HP, it is substantially under-rented and below market, so if they manage to fill it up, there could be some rental upside.

By: Hwang

Hwang — Mon, 28 Sep 2009 07:53:38 +0000

Hi, nice interview. I need some advice regarding REIT as i am totally new. Comparing Tower Reit and AmFirst Reit, which will you prefer? Both are rather conservative without much acquisition going on, but AmFirst’s gearing is much higher than Tower even though the yield is about the same. Also, i couldn’t get much information on Tower – it seems like they did not publish periodic fact sheets/reports.

By: larry

larry — Tue, 07 Jul 2009 05:15:54 +0000

Hi Chan, I’m still nibbling given the market weakness currently… so far have not bought more Stareit since the last 2 weeks. I believe your observation is correct, cash income for most REITs (not just Tower) will not go up much for now. But the 8-10% yields currently offered are a nice investment proposition if you believe that the broader market will not go too far in the next year or two. Tower REIT is quite conservatively managed and their gearing is at the lower end of the REIT spectrum, I’m thinking of buying a few units at the sub-RM1.00 level. I’m also waiting to see what Sunway and CapitaLand are cooking up…. there should be some good assets in their REITs and I wouldn’t mind putting in some money if the price is right. Will definitely share more insights on Stareit if we get to meet with them.

By: Chan

Chan — Sat, 04 Jul 2009 22:04:28 +0000

Hi Larry,

Good interview. Really hope that you are able to do a similar interview with Francis Yeoh on Stareit.

Tower reit is another attractive reit given a huge discount from NAV of 1.59.

Looking at the current financial crisis, don’t think its income will increase too much. But one can consider to keep Tower reit for longer period and the rental/income should recover once the economy in on its recovery path.

Seems like you’ve been aquiring Stareit. Maybe you should consider Tower reit to diversify your reit porfolio. What do you think?

Bye