haha, Khalid only want to take some credit if they really do sign next week. But Azmin could purposely delay it to next week so that Khalid's comment is non issue.

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.

I think the MTN programme will be used to fund the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017.

"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?

meeting to sign agreement off?

short seller die kaw kaw

down. GMT report out? negative?

buy on rumours, sell on news.

will stay at 1.60 - 1.65 for another two months qr out

why sell so cheap and for a good growth company? down tomorrow

hahaha, thank you MB Selangor..Unity Government...Huat arrrrrr

contra players kena kaw kaw.

when the price dropped from 0.80 to 060. bad news already factored in...Still wanna go lower? Sharks waiting to collect.

HOPE WILL CLOSE BELOW 1.64

today up or down?

gotta sell on strength. T+3 heavy volume

no drop...good.

will queue to buy at 1.20 manyak manyak

will go down on manday...malaysian are kiasu type

It's a friday....sure down. sell and buy back lower.

cleared all my lots yesterday. hope it goes down so that i can nibble nibble as it goes down. medium term sure up.

tomorrow d-day

up now, then when 24 July news out .... down like hell. surely GMT don't play play report without basis. nanti kena sued kaw kaw by TF.

left to right, right to left and all over again. each time time lowering the palms. when going to stand up? shorties?

While IRCB’s regularisation plan was completed on Nov 3, 2014, IRCB remains a PN17 company until it is able to chalk net profit in two consecutive quarterly results immediately after completing the implementation of the plan. This is subject to a limited review by an external auditor and approvals from Bursa Malaysia.

So got two consecutive profit d. Will be coming out of pn17 soon. When ar? Just buy and keep for medium term sure win.

what is wrong? after ex div. going down and down?

wow, got bashed down so badly.. why? why?

wow very volatile...die die

Bank negara should be stabilsing/supporting our ringgit but it let the ringgit going down and weaker...no more money/reserve to support?

buy now. ah jib will ask felda to abort t deal. if not settlers will be very very very mad at him. wakakakaka

fall due to margin call?

0.90 coming .... shit!

Want market to go up? ask jib to resign..the longer he holds on to the job, the longer the 1mdb saga haunting the investors. period

more and more research houses giving negative ratings on the purchases.. 1.60 coming...

In the star today
CIMB Research upbeat on Salcon’s rail based fibre optic asset.

KUALA LUMPUR: CIMB Equities Research in upbeat on Salcon – which is a small to mid-cap water and sewerage contractor – which is positioned strongly in two major sectors that drive the domestic construction space.

It said on Monday Salcon’s rail-based fibre optic asset through 50.1%-owned Volksbahn Technologies (VBT) which is a concession that is still in its infancy but offers prospects of dominating the captive rail transport segment.

“We initiate coverage with an Add rating and a target price of RM1.30, pegged to a 20% RNAV discount (52% upside). Potential catalysts are job wins and VBT's new contracts,” it said.

CIMB Research said Salcon operates in a market segment that has fewer players but offers good margins. It is a play on the recovery of the government's nationwide water infrastructure spending and backlog of water capex in Selangor.

Salcon made headlines last year when its consortium won the largest ever water treatment plant (WTP) project (Langat 2 phase 1).

On the property side, the possibility of more JVs with Eco World suggests exciting prospects.

Also, Salcon is one of the three largest landowners around the KL118 tower, which could benefit from a transformation of the entire area similar to Petronas Twin Towers.

CIMB Research sees a lot of upside from Salcon’s stake in VBT, which owns the 15-year rights-of-way for 108km of mostly LRT infrastructure, to be monetised by laying fibre optic cables and selling bandwidth wholesale to telco operators, with more scope of revenue generation.

“For Salcon, here lies the longer-term potential of: 1) moving from volatile but above-industry average construction margins to stable high-double-digit pretax margins, and 2) predictable cash flows, with potentially higher dividend.

“VBT had inked an MoU with Celcom on April 20, and may sign an official contract in the short term. We believe other telco's could join the bandwagon,” it said.

CIMB Research believes Salcon deserves to be valued at a narrower 20% RNAV discount versus its peers, as it is comparable to the bigger and more mature construction conglomerates.

Its net cash constitutes 30% of its market cap (1QFY15 net cash per share: 25.2 sen). There is still upside to RNAV, as its base-case DCF value for VBT accounts for 5% (7.3 sen a share) of RNAV.

“We forecast three-year EPS CAGR of 76% driven by new profit streams,” it said.

Somebody like JL got big big commission from the deal?

bungkus? cheap sale. any1?

another ah jib legacy gone. felda people gonna be mad mad betul.

i told you so... they r going to be like 1mdb management... in huge debt

will key in to buy at 1.60. Hope to get it for long term.wakakaka

Gov have this bad mindset: Quantum leapt or lompatan saujana. They are impatient, want to be big, very good in a short time. To show they are good.
No brains punya olang. They just acquired big companies with money. But can they manage? Example: SP Setia beli, olang jual dan buka ECO.
Do they have smart people to manage all these? Will be another 1MDB in three years.

if MIER spread to china/japan all airlines die die.

warrant in the money. can buy play play till october. wakakakaka

another bloody day...shit

will crack 1.20 support this time.. watch out!

really needs strong heart to play this counter.

hahaha, easy money! executive director got 10,894,600 shares from sis, then sell all at 0.13-0.14 in less than a week. some1 please count how much he earned?

Force selling...

bus fare increase before raya?

pump and dump by former director/suspended CEO?
tabung hj also throwing