| KLSE : PAVREIT || || PAVILION REAL ESTATE INV TRUST |
|Last Price ||Today's Change || Day's Range || Trading Volume |
|1.83 || -0.01 (0.54%) || 1.81 - 1.83 || 102,700 |
|Avg Volume (4 weeks):||698,964|
|4 Weeks Range:||1.76 - 1.89|
|52 Weeks Range:||1.46 - 1.90|
|Average Price Target:||1.79|
|Price Target Upside/Downside:||-0.04|
| View Price Target Detail |
fong7 the start of "enough rally on reits"....perhaps. :P
sheep "SC approves Pavilion REIT’s RM8bil MTN programme."
Why investors are so negative on this program?
assaji no reason...This is buying opportuity. I just bought a block. I think investors don't understand, think it is some sort of a right issue. haha
sheep I think the MTN programme will be used to fund the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017.
sheep Pavilion Real Estate Investment Trust (REIT) ( Financial Dashboard)
(June 24, RM1.53)
Upgrade to buy with a higher target price of RM1.80: We expect Pavilion REIT (PavREIT) to see a rerating driven by more certainty of the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017. Our preliminary assessment values the Extension at 32 sen per share, based on a dividend discount model methodology. We revise up our 2017 estimate (E) net profit by 4.5% to account for the Extension’s nine-month contribution.
Our upgrade on PavREIT is driven by our higher conviction on two counts. Firstly, the sustainability of PavREIT’s existing tenancies and secondly, the yield-accretion from management’s potential move to gear up on the financing of the acquisition of Extension. As a result, PavREIT’s 2016E to 2017E yield should improve from 5.5% to 5.6% levels before our upgrade to 6.4% to 6.6% post our upgrade, above the Malaysian REITs peer average of 6.1% to 6.2%. Notwithstanding the general threat on retail malls, that is outlet closure of less popular brands, Pavilion Mall continues to survive due to its positioning in the upper and upper middle class categories and it being a lifestyle mall.
At a potential injection price of RM3,226 psf (totalling RM806 million), the Extension is expected to further enhance Pavilion Mall’s net property income yield from 9.5% to about 10%, based on the assumption that the Extension will be able to fetch a higher average rental rate of RM27 psf versus the Pavilion Mall’s rental rate of RM22 psf currently. — AffinHwang Capital, June 23
This article first appeared in The Edge Financial Daily, on June 24, 2015.
remus Hi @Sheep and @Assaji, Can please help explain what is this MTN of RM8bil oevr 20 years? There is a lot of money over a very long time! Is it Debt or Bond? What is the debt interest or bond yield? per-determined or follow market as and when actually issue? Thanks!
davidkkw79 Cepat turun lar, i m waiting at 1.46
angelbooks03 毕竟妹妹是在商场工作的，所以当在IGBreit, Sunreit和Pavreit做选择时，她首选Pavreit，原因：几乎每天都有外来游客去那儿走街拍照，买奢侈货，而且Pavillion隔壁建着酒店，持续发展。
davidkkw79 Pavreit....is too high, dividend not good anymore
davidkkw79 market just rebounce 1 day show only, market sentiment still not good, better keep cash
davidkkw79 Wall street journal has replied to Malaysia that they r standing their previous points that najib is involved in 1MDB scandal. Be careful of tomorrow big drop.
haikeyila with the tumbling of Singapore reits like there's no tomorrow, bolehland reits will follow suit as always.
davidkkw79 If u like Singapore REIT, Singapore welcome u....but be ready the exchange loss of currency lost.
davidkkw79 But if u like Malaysia REIT, such as Pavilion REIT, u can enjoy the bull market of tourism happened in Pavilion.
Alex Chong What happen to Pavilion these days?
sheep what happened? rally 16 Sept. If something bad happen and went out of control, millions asset lost. Loss of business plus future earning.
davidkkw79 Today really big impact to bukit bintang area, a lot of red rally gathering at pavillion there, very scary.
davidkkw79 probably will drop back to 1.44-1.45 again
davidkkw79 There is 1 sen left for u to cut.lose....
davidkkw79 No merit christmas celebration for pavillion ?
noobnnew Acquisition of Intermak mall. Should be a good deal
sehleng When is the next dividend payout?
Issac Chai According to pass record shud b annouce on friday ;)
wei007 why guess the quarter result date when the company already announced it will release on tomorrow....??
Read the company announcement please....
davidkkw79 Watch out terrorist will attack in KL tourist area, such as Pavilion...
supermix2 Pavreit is giving higher dividend now even though earnings is lower.
supermix2 Buy more for future growth as more malls will be added & thus higher earnings too.
supermix2 Good show today, yahooooo
supermix2 I think the price will now stabilized itself....me still holding on to 2 containers of it.
ampabella wah lau keep dropping after hitting rm1.82, I think 182 meaning swei, very swei
angelbooks03 在去年下半年的某几天，分批买入了RM1.4x 的Pavreit。基于妹妹第一次买股，也就不敢贪多，主要是试温。
PS: 来个 #catjira 的测验 （有机会再分享）
davidkkw79 downtrend is forming...
Win188 davidkkw79... What price can buy PAVREIT? Thanks
Money Sold out today...buy u back soon...
dividend88 yeah, sold out, don't fall in love with the REIT
bktay123 one day affair! Very difficult to play his shares.
bktay123 Sold also yesterday
Yipman Anyone know what Pavreit Shoot up today??
Yipman Target Price at 1.95. Good profit.
LATO' SELI Can still collect/accumulate