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14-09-2023, 08:24 AM
(This post was last modified: 14-09-2023, 10:42 AM by weijian.
Edit Reason: change title to be more generic
)
AmFirst is a Bursa Malaysia mix-sector REIT that has seen declining occupancy despite a growth in the leasable area.
AmFirst failed in its mission to deliver sustainable long-term income distribution and investment performance:
From a unitholder’s perspective, from 2011 to 2022, I achieved a gain of 0.9 % CAGR. Not exactly great compared to the returns from keeping the money with the EPF. I would conclude that my investment in AmFirst was a mistake. It may previously have been a good Bursa stock. But I am not sure this is still the case.
![[Image: AmFirst.png]](https://i.postimg.cc/FzsZ10cW/AmFirst.png)
For snapshots of AmFirst or other Bursa companies refer to “Are these outstanding stocks - what to consider? (Bursa Malaysia)”
AmFirst failed in its mission to deliver sustainable long-term income distribution and investment performance:
- The annual dividend had declined from an average of RM 0.09 per unit (2008 to 2010) to an average of RM 0.03 per unit (2020 to 2022).
- The Book Value had grown by a 1.0 % CAGR from 2007 to 2022.
- The average FFO per unit had declined from an average of RM 0.11 per unit (2008 to 2010) to an average of RM 0.08 per unit (2020 to 2022).
From a unitholder’s perspective, from 2011 to 2022, I achieved a gain of 0.9 % CAGR. Not exactly great compared to the returns from keeping the money with the EPF. I would conclude that my investment in AmFirst was a mistake. It may previously have been a good Bursa stock. But I am not sure this is still the case.
For snapshots of AmFirst or other Bursa companies refer to “Are these outstanding stocks - what to consider? (Bursa Malaysia)”