beyond4896

beyond4896 | Joined since 2022-02-16

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1 month ago | Report Abuse

@starship , the bad performance of Sungai Wang, The mines & 3 Damansara make the PB value can't reach 1.0; I would expect the PB value can reach 0.7 to 0.8 only. I would not go to Sungai Wang & The Mines even they near my house. The mines are full of foreign labor, and Sungai Wang is very boring compare with other malls in Bukit Bintang. I am not familiar with 3 Damansara, but its income performance is not well.
It is difficult to twist the performance of the mall. People always go to the new and well performance malls, that's why the IGB & Pav keep performing well, and the PB value could >1.0. because they are the top retail mall in Malaysia, The rental fees could keep increasing.

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1 month ago | Report Abuse

Based on my 5~6 years experience of the REITs investment. My humble opinion as below:
The net property income for the last quarter of 2023 is 63 million, equal to (2.3 cents per unit> DPU 2.24 cents).
The rental usually pays in half a year or yearly basic, therefore would expect the net property income from the last quarter to 3rd quarter of 2024 to be conservatively 2x 63 million = 126 million (4.6 cents per unit).
if based on the 7% yield, the reasonable price is RM0.65 (this assumes no growth in the income and is a conservative estimation of the net property income)

I had invested this CLMT around 0.515, and I had expected a significant improvement in income after the acquisition of the good property in Penang. This stock has some room to grow but not significantly (P/B near 0.63 already, they have a lot of bad-performance retail units, which would expected the PB to increase to 0.7). And Sungai Wang Plaza brings down the profile of this REIT. And hope CLMT can diversify more industry units in Johor (note the game-changing Johor free zone, CLMT is partially owned by CLT (One of the Largest Singapore property & reit companies)

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2022-02-16 12:39 | Report Abuse

It will be very interesting for the share price.
Please note that Foxconn will publish electronic cars in the future. Electonic cars need some chips~~~
And Malaysia is 1 of the free trade zone country. for the future earning wise, the sky will be the limit.