Changes in S/Holding - 13/08/2010 (BLACK FRIDAY)

INSIDER	COUNTER NAME	TRANSACTIONS			TOTAL (UNITS)	TOTAL(%)	DATE OF NOTICE
		Type	Date	Units
AmanahRaya Trustees Berhad-Skim Amanah Saham Bumiputera	DIGI.COM BERHAD (DIGI)	Disposed	10/08/2010	(196,200)	38,944,100	5.01	13/08/2010
Employees Provident Fund Board	WAH SEONG CORPORATION BERHAD (WASEONG)	Disposed	09/08/2010	(566,500)	71,642,982	10.1	13/08/2010
Kumpulan Wang Persaraan (Diperbadankan)	WAH SEONG CORPORATION BERHAD (WASEONG)	Disposed	10/08/2010	(14,400)	38,609,766	5.44	13/08/2010
AmanahRaya Trustees Berhad - Amanah Saham Wawasan 2020	PETRA PERDANA BERHAD (PETRA)	Disposed	10/08/2010	(700,000)	19,746,500	6.03	13/08/2010
Puan Sri Tong Siew Bee	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	235,383,542	38.1185	13/08/2010
Lim Quee Choo	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	235,383,542	38.1184	13/08/2010
Lim Hooi Sin	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	10,442,862	38.1184	13/08/2010
Lim Hooi Sin	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	235,383,542	38.1184	13/08/2010
Puan Sri Tong Siew Bee	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	9,195,748	38.1185	13/08/2010
Tan Sri Dato Sri Lim_ Wee-Chai	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	235,383,542	38.1185	13/08/2010
Tan Sri Dato Sri Lim_ Wee-Chai	TOP GLOVE CORPORATION BHD (TOPGLOV)	Disposed	11/08/2010	(845,100)	178,491,138	38.1185	13/08/2010
Dato' Fateh Iskandar bin Tan Sri Dato' Mohamed Mansor	GLOMAC BERHAD (GLOMAC)	Acquired	09/08/2010	60,000	42,718,700	0	13/08/2010
		Acquired	10/08/2010	20,000
		Acquired	11/08/2010	40,000
		Acquired	12/08/2010	40,000
		Acquired	13/08/2010	10,000
Dato' Fateh Iskandar bin Tan Sri Dato' Mohamed Mansor	GLOMAC BERHAD (GLOMAC)	Acquired	09/08/2010	60,000	42,718,700	14.38	13/08/2010
		Acquired	10/08/2010	20,000
		Acquired	11/08/2010	40,000
		Acquired	12/08/2010	40,000
		Acquired	13/08/2010	10,000
Hean Brothers Holdings Sdn. Bhd.	SEE HUP CONSOLIDATED BERHAD (SEEHUP)	Acquired	01/06/2010	11,600	8,320,594	20.74	13/08/2010
Dato' Dr. Yu Kuan Chon	YNH PROPERTY BERHAD (YNHPROP)	Acquired	13/08/2010	35,000	128,242,365	32.02	13/08/2010
Dato' Yu Kuan Huat	YNH PROPERTY BERHAD (YNHPROP)	Acquired	13/08/2010	35,000	44,705,629	31.98	13/08/2010
Dato' Dr. Yu Kuan Chon	YNH PROPERTY BERHAD (YNHPROP)	Acquired	13/08/2010	35,000	69,802,581	32.02	13/08/2010
Dato' Yu Kuan Huat	YNH PROPERTY BERHAD (YNHPROP)	Acquired	13/08/2010	35,000	128,109,296	31.98	13/08/2010
Employees Provident Fund Board	MALAYSIAN BULK CARRIERS BERHAD (MAYBULK)	Disposed	06/08/2010	(119,300)	79,279,600	7.93	13/08/2010
Amanahraya Trustees Berhad - Skim Amanah Saham Bumiputera	IJM CORPORATION BERHAD (IJM)	Acquired	10/08/2010	1,500,000	99,330,160	7.362	13/08/2010
Employees Provident Fund Board	IJM CORPORATION BERHAD (IJM)	Disposed	06/08/2010	(1,773,000)	245,728,526	18.212	13/08/2010
		Disposed	09/08/2010	(282,700)
Peter Collery	HARRISONS HOLDINGS (MALAYSIA) BERHAD (HARISON)	Disposed	11/08/2010	(28,602)	5,734,700	8.37	13/08/2010
		Disposed	11/08/2010	(32,688)
		Disposed	11/08/2010	(6,810)
Aberdeen Asset Management PLC and its subsidiaries ("The Group")	UNITED MALACCA BERHAD (UMCCA)	Acquired	09/08/2010	7,400	19,177,600	0.0055	13/08/2010
Aberdeen Asset Management Sdn Bhd	UNITED MALACCA BERHAD (UMCCA)	Acquired	09/08/2010	7,400	6,927,600	0.0055	13/08/2010
Aberdeen Asset Management PLC and its subsidiaries ("The Group")	UNITED MALACCA BERHAD (UMCCA)	Acquired	06/08/2010	125,000	19,170,200	0.0932	13/08/2010
Lee Hing Development Limited	GOLDIS BERHAD (GOLDIS)	Acquired	06/08/2010	370,500	48,730,665	9.99	13/08/2010
		Acquired	11/08/2010	598,500
Tan Boon Seng	GOLDIS BERHAD (GOLDIS)	Acquired	06/08/2010	370,500	49,786,995	10.21	13/08/2010
		Acquired	11/08/2010	598,500
Aberdeen Asset Management Sdn Bhd	UNITED MALACCA BERHAD (UMCCA)	Acquired	06/08/2010	125,000	6,920,200	0.0932	13/08/2010
Mitsubishi UFJ Financial Group_ Inc (MUFG)	CIMB GROUP HOLDINGS BERHAD (CIMB)	Acquired	10/08/2010	4,604,600	581,292,660	8.23	13/08/2010
Koperasi Permodalan Felda Berhad	LEWEKO RESOURCES BERHAD (LEWEKO)	Disposed	03/08/2010	(45,000)	24,857,640	10.28	13/08/2010
		Disposed	12/08/2010	(2,000,000)
Koperasi Permodalan Felda Berhad	UMS-NEIKEN GROUP BERHAD (UMSNGB)	Disposed	09/08/2010	(370,000)	5,911,000	7.39	13/08/2010
Chan Kim Keow	CAB CAKARAN CORPORATION BERHAD (CAB)	Acquired	12/08/2010	2,000	18,021,900	13.7	13/08/2010
Chan Kim Keow	CAB CAKARAN CORPORATION BERHAD (CAB)	Acquired	12/08/2010	2,000	18,021,900	13.7	13/08/2010
Employees Provident Fund Board	DIALOG GROUP BERHAD (DIALOG)	Acquired	06/08/2010	2,000,000	272,609,384	13.9	13/08/2010
		Disposed	06/08/2010	(1,388,800)
		Disposed	09/08/2010	(1,000,000)
Abdul Jabbar Bin Abdul Majid	OPCOM HOLDINGS BERHAD (OPCOM)	Acquired	10/08/2010	25,000	400,000	0.3101	13/08/2010
SPECTRUM ARRANGEMENT SDN BHD	EVERGREEN FIBREBOARD BERHAD (EVERGRN)	Disposed	02/08/2010	(7,258,700)	25,741,300	5.02	13/08/2010
Kumpulan Wang Persaraan (Diperbadankan) ["KWAP"]	GAMUDA BERHAD (GAMUDA)	Disposed	09/08/2010	(500,000)	120,343,200	5.93	13/08/2010
		Disposed	10/08/2010	(50,000)
Employees Provident Fund Board	LAFARGE MALAYAN CEMENT BHD (LMCEMNT)	Disposed	03/08/2010	(166,900)	63,513,495	0	13/08/2010
		Disposed	03/08/2010	(75,200)
		Disposed	04/08/2010	(90,700)
		Disposed	04/08/2010	(301,200)
		Disposed	09/08/2010	(76,000)
Employees Provident Fund Board	SELANGOR PROPERTIES BERHAD (SPB)	Disposed	09/08/2010	(111,700)	18,622,300	5.42	13/08/2010
Employees Provident Fund Board	KENCANA PETROLEUM BERHAD (KENCANA)	Acquired	09/08/2010	350,000	130,398,162	7.86	13/08/2010
Kumpulan Wang Persaraan (Diperbadankan)	KENCANA PETROLEUM BERHAD (KENCANA)	Disposed	09/08/2010	(250,000)	111,948,892	6.75	13/08/2010
Employees Provident Fund Board	AMMB HOLDINGS BERHAD (AMMB)	Disposed	06/08/2010	(2,791,500)	368,138,657	0	13/08/2010
		Acquired	06/08/2010	1,088,800
		Disposed	09/08/2010	(2,877,400)
Permodalan Nasional Berhad	FORMOSA PROSONIC INDUSTRIES BERHAD (FPI)	Disposed	10/08/2010	(343,000)	55,179,800	22.49	13/08/2010
Yayasan Pelaburan Bumiputra	FORMOSA PROSONIC INDUSTRIES BERHAD (FPI)	Disposed	10/08/2010	(343,000)	55,179,800	22.49	13/08/2010
Dato' Lim A Heng @ Lim Kok Cheong_ JSM_ DPMP_ JP	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	6,328,766	56.84	13/08/2010
		Acquired	11/08/2010	5,500,000
Dato' Lim A Heng @ Lim Kok Cheong_ JSM_ DPMP_ JP	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	74,252,540	56.84	13/08/2010
		Acquired	11/08/2010	5,500,000
Yeleta Holdings Sdn. Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	61,304,176	46.93	13/08/2010
		Acquired	11/08/2010	5,500,000
Unikampar Credit And Leasing Sdn. Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	61,304,176	46.93	13/08/2010
		Acquired	11/08/2010	5,500,000
Yee Lee Organization Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	61,304,176	46.93	13/08/2010
		Acquired	11/08/2010	5,500,000
Yee Lee Corporation Bhd.	SPRITZER BHD (SPRITZR)	Acquired	11/08/2010	5,500,000	42,254,844	32.35	13/08/2010
Datin Chua Shok Tim @ Chua Siok Hoon	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	74,252,540	56.84	13/08/2010
		Acquired	11/08/2010	5,500,000
Uniyelee Sdn. Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	61,304,176	46.93	13/08/2010
		Acquired	11/08/2010	5,500,000
Young Wei Holdings Sdn. Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	61,304,176	46.93	13/08/2010
		Acquired	11/08/2010	5,500,000
Yee Lee Holdings Sdn. Bhd.	SPRITZER BHD (SPRITZR)	Disposed	11/08/2010	(5,500,000)	19,049,332	14.58	13/08/2010
TAN SRI DATO' LOW NAM HUI	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	0	69.55	13/08/2010
LOW QUEK KIONG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	20,000	69.55	13/08/2010
LOW KUECK SHIN	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	0	69.55	13/08/2010
LOW KWEK LEE	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	0	69.55	13/08/2010
LOW KUEK KONG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	0	69.55	13/08/2010
TAN SRI DATO' LOW NAM HUI	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KUECK SHIN	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW QUEK KIONG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KWEK LEE	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KUEK KONG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KUIT SON	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KOK YONG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW KOK YAOW	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
PUAN SRI DATIN CHAN PUI LEORN	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
LOW SIEW ENG	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	128,998,108	69.55	13/08/2010
Seri Cemerlang Plantation (Pahang) Sdn Bhd	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	17,245,263	9.3	13/08/2010
LNH Enterprise Sdn Bhd	HARN LEN CORPORATION BHD (HARNLEN)	Disposed	12/08/2010	(78,000)	65,054,159	35.08	13/08/2010
Permodalan Nasional Berhad	CCK CONSOLIDATED HOLDINGS BERHAD (CCK)	Disposed	09/08/2010	(2,390,000)	9,136,420	5.88	13/08/2010
Yayasan Pelaburan Bumiputra	CCK CONSOLIDATED HOLDINGS BERHAD (CCK)	Disposed	09/08/2010	(2,390,000)	9,136,420	5.88	13/08/2010
Permodalan Nasional Berhad	CCK CONSOLIDATED HOLDINGS BERHAD (CCK)	Disposed	10/08/2010	(220,000)	8,916,420	5.74	13/08/2010
Yayasan Pelaburan Bumiputra	CCK CONSOLIDATED HOLDINGS BERHAD (CCK)	Disposed	10/08/2010	(220,000)	8,916,420	5.74	13/08/2010
Mulpha International Bhd	MUDAJAYA GROUP BERHAD (MUDAJYA)	Acquired	06/08/2010	230,000	88,440,250	21.65	13/08/2010
Mulpha Infrastructure Holdings Sdn Bhd (formerly known as Tiararibu (M) Sdn Bhd)	MUDAJAYA GROUP BERHAD (MUDAJYA)	Acquired	06/08/2010	230,000	88,440,250	21.65	13/08/2010
EMPLOYEES PROVIDENT FUND BOARD	GENTING PLANTATIONS BERHAD (GENP)	Acquired	04/08/2010	140,000	121,444,800	16.01	13/08/2010
		Acquired	05/08/2010	35,000
Commerce Asset Ventures Sdn. Bhd.	KEY ASIC BERHAD (KEYASIC)	Disposed	06/08/2010	(200,000)	55,145,200	6.85	13/08/2010
		Disposed	09/08/2010	(152,200)
Commerce Technology Ventures Sdn. Bhd.	KEY ASIC BERHAD (KEYASIC)	Disposed	06/08/2010	(200,000)	55,145,200	6.85	13/08/2010
		Disposed	09/08/2010	(152,200)
CIMB Group Sdn. Bhd.	KEY ASIC BERHAD (KEYASIC)	Disposed	06/08/2010	(200,000)	55,145,200	6.85	13/08/2010
		Disposed	09/08/2010	(152,200)

REIT vs direct real estate investment

REIT vs direct real estate investment


By ANDREW LEE
andrewlee@thestar.com.my

INVESTING in real estate can be tricky.

For a start, those who intend to make a quick buck by “flipping” property within a few months will find that it is risky, especially in a property market less buoyant than in Hong Kong or Singapore.

The alternative is hard work, that is, managing residential properties (and absorbing all the hidden costs that come along with it) as long term investments, receiving rent and selling them off for a capital gain or profit.

Another factor that may deter investors from real estate is the difficulty in raising enough capital to purchase a particular property.

So, should you consider putting your money in a real estate investment trust (REIT) instead?

Granted, a REIT does not comprise residential property, but if it is profit you are interested in, it may be an option.

REITs originated in the United States in the 1960s, but it wasn’t until 2005 that Axis REIT became the first property trust to be listed on Bursa Malaysia.

In Malaysia, there are now 14 REITs to choose from on the Main Market, offering investors a choice to own stakes in commercial, industrial, plantation and office real estate.

Aside from being more liquid than investing in real estate, one of the reasons why REITs are more appealing than investing in actual real estate is because of its high yield.

Gross dividend yield in the FTSE Bursa Malaysia index is about 2.9%, while the average yield for a REIT in Malaysia is about 8%.

REITs yield higher returns because commercial real estate generates a huge amount of cash flow from rentals.

If one invests in real estate though, it may be hard to charge the most preferred rental rate, even if the property had been purchased for a hefty price, simply due to market forces.

As for REIT prices on the stock market, they generally tend to be “low risk” because their prices are sustained by the yield factor, hence the volatility element is reduced.

Even so, REITs are not immune to economic difficulties.

REITs such as AmFirst, Hektar, UOA and Axis hit their lowest point in the middle of the financial crisis in 2008 but have since recovered to their pre-crisis prices, if not better.

Part of their recovery, says an analyst, is due to good management, good investor relations and a proven track record when it comes to acquisitions.

Still, one critic of REITs says it is probably more worthwhile to purchase stocks of established companies if they want to play safe.

Advocates of the property trust point to the fact that REITs are a different investment class altogether, choosing to view them as an investment that bridges the gap between a fixed deposit and the stock market.

One drawback of REITs is their inability to benefit from capital gain, unlike real estate.

But with REITs, returns may be secured with less risk which make them a nice way to take advantage of the big booms in the real estate market.

Investors can do without taking on the risk of mortgage payments, unscrupulous tenants and rising tax rates.

However, less risk obviously comes with less reward.

Good capital appreciation is still the main factor driving demand for landed residential properties.

Since 2008, there has been an annual compounded growth rate of 10% for capital appreciation in residential hotspots such as Petaling Jaya, Taman Tun Dr. Ismail and Mont Kiara.

A home can go up in value ten-fold given the right market conditions, which would give one a hefty sum of money right into his or her pocket - this won’t happen with any REIT.

Ultimately, for someone who wants to have more control of their assets and is willing to improve their value, investing in residential real estate can be a good choice.

For someone looking for passive real estate investment, with the added benefits of portfolio diversification and liquidity, a REIT is a good option to consider.

Think of them as allowing investors to be exposed to the real estate market without having to fork out as much capital.

Alternatively, REITs could be purchased as part of a balanced portfolio, until one has enough capital to enter the real estate market