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Sunway REIT, Malaysian Largest REIT Open for Subscription

15th June, 2010

Sunway Real Estate Investment Trusts (Sunway REITs) will emerge as Malaysia’s largest REIT when it is listed in Bursa Malaysia Main Board on 8th July 2010.

It’s initial public offering (IPO) will consists of 1.65 billion units at RM0.97 per unit. The investors are institutional and selected investors with 1.52 billion units and a retail investors with 134 million units.

This IPO will also make it as the largest IPO on the local bourse to date. The REIT, by Sunway City Bhd, has an approved fund size of 2.78 billion units.

The retail offer period are between 15th to 22nd June 2010. You can subscribe to the trust funds through your broker or ATM machines or through internet banking such as Maybank2u or CIMBClicks.

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Stock Pick – OSK 2010 Top 50 Small Cap Companies

10th May, 2010

in Stock Picks

OSK Research expects companies in its top 50 Malaysian small-cap list, dubbed “50 Jewels”, to register between 5 per cent and 15 per cent growth in earnings this year, driven by their strong fundamentals, as well as a recovery in the economy.

In their 2009 small-cap list, 32 out of 50 of them having posted absolute returns of 50 to 375 per cent, outperforming the benchmark index. So I hope 2010, 50 Jewels will perform reasonably well.

OSK Research also targeted the benchmark FTSE Bursa Malaysia KL Composite Index to hit 1,465 points by year-end. It also placed a fair value of 1,580 points on the index in 2011.

The table below is the top 10 companies in OSK Small Cap 50 Jewels and their target price.

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