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i see that the tenant will reduce their lease bit by bit. according to recent info starting from 6th year. they will reduce the size of land they wanted to rent. the location is superb. axis management can always convert the place into a giant warehouse but it will cost a lot (very close to penang port) .hope axis reit management already have plan after the 5th year.
Money goes alot to IT segment. They also said they spend a lot to revitalize Bank Islam Digital banking. 14 million increase in IT spending alone, plus all the new it guys salary . can read salary for employee went up 33.5 million. this alone is the reason of the result. read pg 31 ans 32 of qr report.
if you want to play as dividend investor ..i highly recommend use your own direct cds account..affin hwang got some cheap option.. the dividend will got into your bank account on the same day around lunch hour.
cannot say too good...but they are able to sale non productive asset at reasonable price..plus dpu is only affected 0.03 compare to last year even taking consideration the enlarged share number ..hope the new capital can pair down high interest loan or get new productive property.
