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Highlights
KLSE : PAVREIT       PAVILION REAL ESTATE INV TRUST
Last Price Today's Change   Day's Range   Trading Volume
1.50   +0.01 (0.67%)  1.49 - 1.51  2,334,200

Overview

Board:Main Market
Sector:REITS
Avg Volume (4 weeks):821,445
4 Weeks Range:1.44 - 1.56
52 Weeks Range:1.34 - 1.63
Average Price Target:1.50
Price Target Upside/Downside:0.00
View Price Target Detail

Headlines

Latest Headlines
12/05/2015  pavreit未来发展大蓝图
27/04/2015  Pavilion REIT - 1Q within expectation HOLD
27/04/2015  缺催化劑‧柏威年產託財測不變
24/04/2015  Pavilion REIT - A good start
24/04/2015  Pavilion REIT - 1QFY15 Results
24/04/2015  Pavilion REIT - Stable Earnings Momentum
24/04/2015  pavreit 1Q2015 quarter report analysis
07/04/2015  明年料注入3產業‧柏威年產託財測上調
07/04/2015  pavreit annual report 2014 分析
06/04/2015  MREITs - Bond Yield Downside Priced In
06/04/2015  Pavilion REIT - Looking forward to FY16
26/03/2015  消費稅衝擊浮現‧柏威年租金調幅料不理想
18/03/2015  Pavilion REIT - Organic growth for now; earliest injection in 2016 HOLD
06/02/2015  REITS Sector - A volatile MYR and bond yield environment NEUTRAL
23/01/2015  M-REITs - Outlook 2015
17/01/2015  pavreit 4Q2014 quarter report 分析
16/01/2015  商場客流量平緩‧柏威年產託吸引力減
16/01/2015  Pavilion Reit - FY14 Results: Within Expectations
16/01/2015  Pavilion Reit - Rent hikes drive earnings
16/01/2015  Pavilion REIT - FY14: +9% rental reversion HOLD

  2 people like this.
 
logitrader http://www.klse.my/meeting/104094.jsp
27/02/2015 01:43
phye What's wrong....suicide jump at closing ??!!!
20/03/2015 17:15
fong7 the start of "enough rally on reits"....perhaps. :P
23/03/2015 03:58
logitrader http://www.klse.my/financial/quarterResult/YoY/quarter/5212/31-Mar-2015.jsp
23/04/2015 17:50
FLINV 1.46 already
25/06/2015 10:50
sheep "SC approves Pavilion REIT’s RM8bil MTN programme."

http://www.thestar.com.my/Business/Business-News/2015/06/25/SC-approves-Pavilion-REITs-RM8bil-MTN-programme/?style=biz

Why investors are so negative on this program?
25/06/2015 12:25
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
25/06/2015 14:59
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.
26/06/2015 11:58
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

Pavilion

This article first appeared in The Edge Financial Daily, on June 24, 2015.
26/06/2015 12:04
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!
26/06/2015 13:49


 

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