【AXREIT 5106 交流专区】Axis 投资

icy97

EX-date	03 Nov 2017
Entitlement date	07 Nov 2017
Entitlement time	05:00 PM
Entitlement subject	Income Distribution (with Dividend Re-Investment Plan)
Entitlement description	Third Interim Income Distribution of 2.00 sen per unit (of which 1.94 sen per unit is taxable and 0.06 sen per unit is non-taxable in the hands of unitholders) in respect of the period from 1 July 2017 to 30 September 2017 ("2017 Third Interim Income Distribution")
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Tel:03-7849 0777
Payment date	13 Dec 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Nov 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.02

icy97

业绩逊色．AXIS产托淡静

（吉隆坡24日讯）AXIS产业信托（AXREIT，5106，主板产业投资信托组）2017年第三季业绩及股息，落后马银行研究全年预测，主要受到特定资产的租户退租拖累。该行将其2017至2019财政年净利预测，分别下调4至7%。

虽然分析员稍为下调财测，不过AXIS产业信托的股价及交投皆显得平静，全天微跌2仙或是1.26%，至1令吉57仙，成交量仅有1000股，显示股东对最新业绩表现无动于衷，无意进行股票买卖。

分析员指出，目前AXIS产业信托正在评估各项产业，总值达2亿2900万令吉，以作为其潜在的收购目标，特别将重点放在物流设施、制造业设施及零售货仓等资产。

马银行研究的分析员维持中期盈利展望，即2017至2019年盈利成长介于2至9%，因新资产做出盈利贡献、调升租金（落在低单位数成长）及大部份的资产皆取得稳定的出租率等支撑。

该行下调未来12个月目标价至1令吉70仙，较之前的预测为1令吉75仙，保持“守住”评级。

分析员指出，AXIS产业信托计划在2018年第二季之前私下配售最多2亿9460万股新股（占批准基金规模的20%份额），料将相信冲淡其每股盈利及股息。



文章来源：
星洲日报‧财经‧2017.10.25

icy97

AXIS产托建厂再转租
年回酬上看7%

2017年11月2日
（吉隆坡1日讯）AXIS产托（AXREIT，5106，主板产托股）以1987万6428令吉，向大马机场（AIRPORT，5014，主板贸服股）租下梳邦机场内7.02英亩大的地皮，建造工业厂房后转租Upeca Aerotech私人有限公司（Upeca）。

根据文告，AXIS产托与大马机场签署的契约租期长达49年，将于2066年12月30日到期。

而AXIS产托将会在上述土地，建造一座综合办公楼和制造厂房的单层建筑物，转租Upeca。

Upeca是伦敦交易所上市公司Senior PLC的子公司，主要业务为制造和分销航空飞行工具的零件。

AXIS产托预计，将可在年底前敲定向大马机场租地一事。之后，厂房的建造将会耗时一年，预计可在2018年12月15日前交货给Upeca。

而Upeca则已与AXIS产托签下20年的租约，并有额外两期长达六年的更新选项。

成本7416万

另外，上述厂房的发展成本将达7416万令吉，预计第三年后的初始回酬将达每年7%。

AXIS产托总执行长兼执行董事梁洁美指出，这项计划将提振公司的营业额、净产业收入和收入分配率。

上述项目，将相等于总资产管理规模的3%。【e南洋】

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")(I)        PROPOSED LEASE OF APPROXIMATELY 7.02 ACRES OF VACANT LAND IN SUBANG FORMING PART OF A FREEHOLD LAND (MASTER LAND) BY RHB TRUSTEES BERHAD FROM MALAYSIA AIRPORTS HOLDINGS BERHAD (PROJECT LAND); AND(II)        PROPOSED DEVELOPMENT OF A SINGLE-STOREY MANUFACTURING PLANT CUM OFFICE BUILDING WITH A GROSS BUILT-UP AREA OF APPROXIMATELY 178,978.60 SQUARE FEET INCLUSIVE OF ANCILLARY BUILDINGS AND EXTERNAL ELEMENTS, TO BE CONSTRUCTED ON THE PROJECT LAND
On behalf of the Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, Maybank Investment Bank Berhad wishes to announce that Axis-REIT proposes to undertake the abovementioned proposals. In this regard, on 1 November 2017, RHB Trustees  Berhad, the trustee of Axis-REIT, on behalf of Axis-REIT, has entered into the sub-lease agreement with Malaysia Airports Holdings Berhad for the Proposed Land Lease (as defined in Section 1.1(i) of the attachment). Please refer to the attachment for further details on the proposals. This announcement is dated 1 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5590601

Attachments Axis-REIT - Announcement dated 1 Nov 2017.pdf

icy97

AXIS产托
新项目净利贡献微

2017年11月3日

分析:肯纳格投行
目标价：1.48令吉

最新进展

AXIS产托（AXREIT，5106，主板产托股）以1987万6428令吉，向大马机场（AIRPORT，5014，主板贸服股）租下梳邦机场内7.02英亩大的地皮。

而AXIS产托会在该地皮，建造一座综合办公楼和制造厂房的单层建筑物，以每年558万令吉转租Upeca Aerotech私人有限公司（Upeca）。

行家建议

我们对这项收购相当惊讶，因完全没料到AXIS产托这么快就投入第二个新建发展项目，预计末季会收购更多已发展项目，如柔佛依斯干达公主城的资产。

虽看好长期租户能持续贡献净利，但我们对这项收购“中和”，因净利影响微小。

我们认为，该资产可贡献总回酬率7.6%，与第一个新建发展项目AXIS PDI中心一样，符合AXIS产托最近收购总回酬率7.5%至8%的目标，而组合总回酬率企于9.6%。

新项目明年12月15日完成，料不会影响2017和2018财年净利。

中和看待AXIS产托的前景，因缺乏有利于股息的增值收购，给予“跟随大市”评级。



【e南洋】



租地发展长期正面．AXIS产托或发附加股降债

（吉隆坡2日讯）AXIS产业信托（AXREIT,5106,主板产业投资信托组）向大马机场（Airport,5014,主板贸服组）租用梳邦土地发展新项目，分析员认为该计划对公司长期获利正面，惟在负债比走高情况下，不排除会推出附加股计划降低负债。

马银行研究指出，在纳入借贷成本以及新资产贡献后，下调该公司2018年的财测3.4%，但调高2019年财测1.5%。与此同时，该公司的负债比也将从目前0.36倍调高至0.38倍。

马银行、丰隆研究、肯纳格研究以及MIDF研究预测该发展项目可为公司带来6.8至7.6%之间的回酬。

肯纳格表示，他们对该公司这么快就进行第二笔“绿地投资”感到惊讶，原以为该公司会在今年第四季前会有更多“褐地投资”如：伊斯干达公主城一带购置新产业项目。

不过肯纳格对该公司寻得长期租户感到乐观，因为该公司可以维持长期的获利能见度。

马银行认为这是该公司潜在回酬催化剂，首3年每月租金约为46万5300令吉，3年后租金可再调整。

AXIS产托昨日宣布以1987万6428令吉向大马机场租用一片位于梳邦机场附近的7.02英亩土地30年，整个租期租金为每平方尺65令吉。

在租用该土地后，AXIS产托将建造一栋单层制造厂房以及办公室，过后将出租予航空零件制造公司Upeca Aeretech，租期为20年，可再延长6年。总发展成本为7420万令吉，当中包括1990万令吉的土地租用成本，预料在2018年15日完工。

丰隆研究指出，该公司有可能会发行附加股以减少该公司负债比，潜在发行附加股计划完成后该公司负债比将降至0.23倍。

今年周息率可维持4.7%

同时，MIDF业预测该公司今年的周息率可维持在4.7%。



文章来源：
星洲日报／财经 ‧ 报道：傅文耀 ‧ 2017.11.02

icy97

AXIS REAL ESTATE INVESTMENT TRUST

EX-date	21 Nov 2017
Entitlement date	23 Nov 2017
Entitlement time	05:00 PM
Entitlement subject	Income Distribution
Entitlement description	Fourth Interim Income Distribution of 1.02 sen per unit (of which 0.76 sen per unit is taxable and 0.26 sen per unit is non-taxable in the hands of the unitholders) in respect of the period from 1 October 2017 to 15 November 2017
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaTel: 03-7849 0777
Payment date	22 Dec 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	23 Nov 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0102

icy97

icy97 发表于 3-11-2017 04:10 AM
AXIS产托建厂再转租
年回酬上看7%

2017年11月2日
（吉隆坡1日讯）AXIS产托（AXREIT，5106，主板产托股）以1987万6428令吉，向大马机场（AIRPORT，5014，主板贸服股）租下梳邦机场内7.02英亩大的地皮，建造工 ...

Type	Announcement
Subject	MULTIPLE PROPOSALS
Description	AXIS REAL ESTATE INVESTMENT TRUST ("AXIS-REIT")(I)        PROPOSED LEASE OF APPROXIMATELY 7.02 ACRES OF VACANT LAND IN SUBANG FORMING PART OF A FREEHOLD LAND ("MASTER LAND") BY RHB TRUSTEES BERHAD FROM MALAYSIA AIRPORTS HOLDINGS BERHAD ("PROJECT LAND"); AND(II)        PROPOSED DEVELOPMENT OF A SINGLE-STOREY MANUFACTURING PLANT CUM OFFICE BUILDING WITH A GROSS BUILT-UP AREA OF APPROXIMATELY 178,978.60 SQUARE FEET INCLUSIVE OF ANCILLARY BUILDINGS AND EXTERNAL ELEMENTS, TO BE CONSTRUCTED ON THE PROJECT LAND
(Capitalised terms used in this announcement shall have the same meanings as those used in the announcement dated 1 November 2017, unless otherwise stated) We refer to the announcement dated 1 November 2017 in relation to the Proposals. On behalf of the Board of Directors of the Manager, Maybank Investment Bank Berhad wishes to announce that on 10 November 2017, the Trustee has, on behalf of Axis-REIT, entered into the Agreement to Build & Lease with Upeca. Please refer to the attachment for further details. This announcement is dated 10 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5599845

Attachments Axis-REIT - Announcement dated 10 Nov 2017.pdf

icy97

AXIS产托
私配稀释影响微

2017年11月14日

分析:MIDF研究
目标价：1.66令吉

最新进展

AXIS产托（AXREIT，5106，主板产托股）宣布，1.25亿个新配售单位定价为每单位1.43令吉。

该公司是在4月26日宣布，以配售方式，发出最多2亿5075万952个新单位。

每单位1.43令吉的配售价，相等于是5日成交量加权平均市价的5.17%折价。

上述配售活动的认购率已经超标。

行家建议

由于私配的稀释效应只是3.4%，中和看待该活动。预计每单位净利会降低3.4%，从9.66仙跌至9.33仙。

虽然AXIS产托2018财年净利会因节省利息，按年增7.5%至1亿1470万令吉，但被股本扩大11.3%抵消。

维持“买入”评级，但考虑到未来每单位净利和股息预测减少，下修目标价至1.66令吉。

若新资金全数用于偿债，可能降低AXIS产托的负债率，从目前的37.3%至29.4%。

不过，预计大部分资金将作为短中期计划的资本，如兴建工业厂房转租给Upeca Aerotech私人有限公司，成本约7320万令吉。

同时，未来该产托也可以购买更多带来回酬的资产。



【e南洋】

icy97

AXIS REAL ESTATE INVESTMENT TRUST

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Placement of 125,000,000 new units in Axis Real Estate Investment Trust ("Axis-REIT") ("Units"), representing 9.97% of the existing approved fund size of Axis-REIT of 1,253,754,764 Units ("Placement")
No. of shares issued under this corporate proposal	125,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   1.4300
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	1,230,173,591
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 1,237,000,000.000
Listing Date	28 Nov 2017

icy97

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) OTHER ISSUE OF SECURITIES
Description	RECURRENT AND OPTIONAL INCOME DISTRIBUTION REINVESTMENT PLAN ("IDRP") APPLICABLE TO 2017 THIRD INTERIM INCOME DISTRIBUTION - NEW UNITS TO BE ISSUED PURSUANT TO IDRP
Reference is made to the announcements dated 23 October 2017 and 16 November 2017 in relation to the IDRP applicable to the 2017 Third Interim Income Distribution, that allows unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution in new units in Axis-REIT. The Board of Directors of Axis REIT Managers Berhad, the management company of Axis-REIT, is pleased to announce that based on the valid Income Distribution Reinvestment Forms ("IDRFs") received by Axis-REIT's registrars, Symphony Share Registrars Sdn Bhd on 4 December 2017, being the expiry date for submission of the IDRFs, Axis-REIT is required to issue 2,153,212 new units in Axis-REIT ("New Units") pursuant to the IDRP in respect of the 2017 Third Interim Income Distribution. The New Units represent approximately 31% of 6,869,269 being the total number of new units that would have been issued pursuant to the IDRP, had all the entitled unitholders of Axis-REIT elected to reinvest their respective electable portion under the IDRP in new units. This announcement is dated 7 December 2017.

icy97

AXIS REAL ESTATE INVESTMENT TRUST

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Others
Details of corporate proposal	Recurrent and Optional Income Distribution Reinvestment Plan ("IDRP") that allows Unitholders of Axis Real Estate Investment Trust ("Axis-REIT") to reinvest their income distribution in new units in Axis-REIT
No. of shares issued under this corporate proposal	2,153,212
Issue price per share ($$)	Malaysian Ringgit (MYR)   1.4900
Par Value($$) (if applicable)	Malaysian Ringgit (MYR)   0.000
Latest issued share capital after the above corporate proposal in the following
Units	1,232,326,803
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 1,240,260,000.000
Listing Date	14 Dec 2017

icy97

Type	Announcement
Subject	OTHERS
Description	TARGETED RELEASE DATE OF UNAUDITED FOURTH QUARTER RESULTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2017 ("QUARTERLY REPORT")
The Board of Directors of Axis REIT Managers Berhad, the management company of Axis Real Estate Investment Trust ("Axis-REIT") wishes to announce that it is targeting to release the Quarterly Report of Axis-REIT on Tuesday, 23 January 2018. This announcement is dated 10 January 2018.

icy97

投资产业价值重估．AXIS产托末季净利涨82%

（吉隆坡23日讯）受旗下投资产业公允价值调整所带动，AXIS产业信托（AXREIT，5106，主板产业投资信托组）截至2017年12月31日止第四季净利上涨81.70%至4409万1000令吉，前期为2426万6000令吉。

全年净利微升0.22%至1亿2256万令吉，前期为1亿2229万2000令吉。

第四季营业额小涨0.06%至4241万7000令吉，全年营业额微增0.83%至1亿6874万5000令吉。

派息1.94仙

该公司董事部建议派息1.94仙。

AXIS产业信托在文告中表示，第四季总开销共1997万1000令吉，净收入则为2244万6000令吉。而第四季旗下投资产业的公允价值增加2052万4000令吉。

展望未来，该公司乐观认为基于现有投资组合取得满意表现和成长策略，预期可在2018年保持目前的表现。


文章来源：
星洲日报‧财经‧2018.01.24

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	42,417	42,390	168,745	167,363
2	Profit/(loss) before tax	44,091	24,266	122,560	122,292
3	Profit/(loss) for the period	44,091	24,266	122,560	122,292
4	Profit/(loss) attributable to ordinary equity holders of the parent	44,091	24,266	122,560	122,292
5	Basic earnings/(loss) per share (Subunit)	3.87	2.20	10.97	11.10
6	Proposed/Declared dividend per share (Subunit)	1.94	2.10	8.26	8.25
		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 ($$)	1.2912		1.2604

icy97

Type	Announcement
Subject	OTHERS
Description	Axis Real Estate Investment Trust ("Axis-REIT")- Valuation of Investment Properties
The Board of Directors of Axis REIT Managers Berhad, the management company of AxisREIT wishes to announce that RHB Trustees Berhad, the trustee of AxisREIT, has carried out valuation exercise on thirty-three (33) investment properties of AxisREIT (“Valuation”). Please refer to the attachment herein for the details of the Valuation. The announcement is dated 23 January 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5673653

Attachments 4Q2017-Revaluation.pdf

icy97

EX-date	06 Feb 2018
Entitlement date	08 Feb 2018
Entitlement time	05:00 PM
Entitlement subject	Income Distribution
Entitlement description	Final Income Distribution of 0.92 sen per unit (of which is non-taxable in the hands of the unitholders) in respect of the period from 16 November 2017 to 31 December 2017.
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHD Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul EhsanTel:03-7849 0777
Payment date	28 Feb 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Feb 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0092

icy97

Type	Announcement
Subject	OTHERS
Description	PERFORMANCE OVERVIEW OF AXIS REAL ESTATE INVESTMENT TRUST FOR THE QUARTER ENDED 31 DECEMBER 2017
The slides as attached provide a performance overview of Axis Real Estate Investment Trust for the quarter ended 31 December 2017. Please refer attachments below. This announcement is dated 23 January 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5673661

Attachments Presentation slides on Axis-REIT financial performance for 4th Qtr Ended 31-12-17_Part 1.pdf Presentation slides on Axis-REIT financial performance for 4th Qtr Ended 31-12-17_Part 2.pdf

icy97

锁定工厂货仓
AXIS今年收购2.9亿

2018年1月25日
（吉隆坡24日讯）AXIS产托（AXREIT，5106，主板产托股）将继续专注于收购工业资产，预计今年收购目标总值达2.92亿令吉。

AXIS产托总执行长梁洁美在出席2017财年末季和全年业绩汇报会时指出：“我们看好今年工业领域展望，预计制造和货仓方面会增长，特别是货仓需求，将受到电子商务的发展推动。”

该公司将继续专注收购A级、拥有长期租约及良好条件的物流和制造厂，还有地点优越、可用作“最后一公里”分销的零售货仓。

她说，以目前经济概况和新增供应量来看，今年办公室市场将持续面对放缓挑战，该公司将会保持谨慎，适当考虑收购有好租客的办公室。

今年收购目标2.92亿令吉，包括已获得收购制造厂和货仓的三项得标书，收购价总值1亿5065万令吉。

更多新收入

这包括位于柔佛Indahpura的三间制造厂、还有分别一间在森美兰州新那旺（Senawang）的制造厂和莎阿南的货仓。

今天出席者有投资与投资者关系部经理曾芷薇、投资部主管西华、财务总监吴彩蝶，以及房产部主管罗长莲。

梁洁美指出，AXIS产托今年展望正面，Wasco厂将在本财年开始带来全年贡献，还有位于Axis Mega分销中心第一阶段发展的雀巢分销中心，占地51万5000平方尺，本月底将完成，并从今年6月贡献租金收入。

而第二阶段发展会在今年启动，将占地大约50万平方尺地皮发展成货仓。

该公司将进行第二项量身打造的项目，为Upeca Aerotech私人有限公司兴建一家制造厂，位于梳邦国际航空中心科技园，将从本季开始动工，年底前完成。

东海岸寻机会

在去年完成收购位于彭亨的Wasco厂房后，AXIS产托将会进一步探讨东海岸的收购机会。

西华指出，东海岸靠近物流和港口，所以具备很大的商机。

“我们认为，东海岸有很大增长潜能，且有很长时间被忽视了。因此，我们或可以这地区找到价值更高，且更好的资产。”

租用率增至93%

“目前，AXIS产托正在洽谈着在关丹再收购多一家厂房，但目前仍处于初期阶段。”

从去年第三季开始闲置的D21物流货仓，将从2月开始获得全面租用，届时整体租用率将会从去年91%，提高至93%。

梁洁美说：“D21物流货仓获得全面租用后，租用率将获得改善。我们一直都致力于将租用率推高到90%以上。”

截至去年12月31日，该产托租用率达91%，而租金调升率则达6.25%

此外，AXIS产托也努力把租金调升率推高至介于6%至8%水平。

末季净利劲扬82%

AXIS产托的投资产业获重估收益，带动截至去年12月31日末季净利按年上涨81.7%，达4409万1000令吉或每单位3.87仙，上财年同季达2426万6000令吉或每单位2.2仙。

每股派息0.92仙

末季营业额从4239万令吉，按年微升0.06%，达4241万7000令吉。

合计全年，净利按年略增0.22%，达1亿2256万令吉或每单位10.97仙，而营业额则上扬0.83%，达1亿6875万令吉。

同时，派发每单位0.92仙终期股息，将在下月6日除权。

罗长莲指出，目前，AXIS产托旗下闲置的资产面积达71万7880平方尺，已获得22万3878平方尺的新租约，从首季开始生效。

“通过填补这些闲置资产，我们预计，今年每单位股息最高增加1.47仙。”

去年，该产托派发总共每单位8.26仙股息。【e南洋】

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业绩符预期．AXIS产托展望保守

（吉隆坡24日讯）尽管AXIS产业信托（AXREIT，5106，主板产业投资信托组）第四季业绩符合预期，且周息率高于同侪，惟分析员普遍保守看待该公司业务展望。

该公司第四季净利上涨81.70%至4409万1000令吉，第四季营业额小涨0.06%至4241万7000令吉。

丰隆研究、马银行研究、肯纳格研究及联昌研究皆看淡该公司未来表现，并下调目标价与盈利预测，盈利预测下调幅度介于1.1至3%。

安联星展研究表示，该公司整体出租率为91%，若达到100%的出租率，那么可为该公司带来1800万令吉的盈利，每股股息有望增加19%。

相较之下，MIDF研究与艾芬黄氏研究维持及上调该公司评级至“买进”。

MIDF认为，该公司资产管理增至40项后，正收购3项资产，包括为雀巢（NESTLE，4707，主板消费品组）建造的巨型分销中心，有望在下半年开始贡献盈利。

艾芬黄氏则表示，该公司股价已经挫至最低点，其周息率预期在6%，比往年的5.6%还要来得高，预期未来1年内，回酬率达16%。

分析员基于该公司的目标价介于1令吉40仙至1令吉66仙。



文章来源：
星洲日报‧财经‧2018.01.25

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AXIS产托私配将稀释股息

2018年2月21日

分析：联昌国际投行研究
目标价：1.49令吉

最新进展：

Axis产托（AXREIT，5106，主板产托股）上周一（12日），正式交付首个发展项目Nestle DC@Axis Mega分销中心（简称Axis Mega DC），并出租予雀巢产品私人有限公司。

Axis Mega DC占地50英亩，其中Nestle DC占24.8英亩，剩余面积目前充当停车场（第二阶段），可产生180万令吉租金收入。

行家建议：

根据与雀巢产品的协议，预计Axis Mega DC会从2018财年下半年起做出贡献。

我们预计Axis产托每年将有1922万令吉租金收入，相等于每平方尺约3.11令吉，高于前租户每方尺1.60至1.80令吉。

随着Nestle DC完成，该产托计划今年开始Axis Mega DC的第二阶段工程，发展约50万方尺的仓库空间，预计净利贡献如同第一阶段。

我们认为，该产托进行中的收购可能提振净利，包括柔佛Indahpura三间制造厂、森美兰州新那旺（Senawang）制造厂和莎阿南的货仓，以及预计12月完成第二个发展计划——Upeca Facility，但料净利增幅少于2%。

虽然我们喜欢Axis产托持续注入资产和产业发展，惟潜在的第二批私配，可能稀释今明财年每单位股息4至6%，并拉低目标价约6.3%，因此等待私配完成之际，维持评级。



【e南洋】

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