Highlights
KLSE : PAVREIT       PAVILION REAL ESTATE INV TRUST
Last Price Today's Change   Day's Range   Trading Volume
1.46   +0.02 (1.39%)  1.45 - 1.47  1,111,000
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Overview

Board:Main Market
Sector:REITS
Avg Volume (4 weeks):1,466,236
4 Weeks Range:1.43 - 1.58
52 Weeks Range:1.34 - 1.63
Average Price Target:1.54
Price Target Upside/Downside:+0.08
View Price Target Detail

Headlines

Latest Headlines
31/07/2015  Pavilion REIT - Earnings on track
31/07/2015  Pavilion REIT - Earnings Intact Post-GST
31/07/2015  Pavilion REITs - Still steady HOLD
31/07/2015  Pavilion REIT - 6MFY15 Results
31/07/2015  Pavilion REIT - 1H15 Well Within Expectations
31/07/2015  pavreit 30jun2015 quarter report
04/07/2015  pavreit卖产业
02/07/2015  Pavilion REIT - Disposal of NLA & Car Park Bays
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
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  2 people like this.
 
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
davidkkw79 Cepat turun lar, i m waiting at 1.46
08/07/2015 12:37
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。

http://angelpoiwoon.blogspot.com/2015/07/reits.html
21/07/2015 11:47
davidkkw79 Pavreit....is too high, dividend not good anymore
22/07/2015 08:25
davidkkw79 market just rebounce 1 day show only, market sentiment still not good, better keep cash
22/07/2015 11:18
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.
22/07/2015 19:14
haikeyila with the tumbling of Singapore reits like there's no tomorrow, bolehland reits will follow suit as always.
21/08/2015 10:38
davidkkw79 If u like Singapore REIT, Singapore welcome u....but be ready the exchange loss of currency lost.
22/08/2015 00:00
davidkkw79 But if u like Malaysia REIT, such as Pavilion REIT, u can enjoy the bull market of tourism happened in Pavilion.
22/08/2015 00:02


 

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