Hi Pinky, I hear some rumored about QB2-HSBC Cyberjaya will migrate to Tun Razak Exchange (Trx). It might potentially effected company future profit. Any idea ?
The above is source from klse sceener , feedback by one of the investor holder. Im just curious apart from him why no any information announce.. if this situation was true , estimation 5 to10 percents company profit might effected.
--- "HSBC’s tenancy renewal is due in year 2022. The Manager will keep the unitholders updated on the renewal status during its quarterly results announcements." ---
From what the management said, I think they didn't reveal the truth because the company has a good reason to explain that the HSBC deadline is 2022. Assuming that HSBC does not plan to renew the contract, the relocation of HSBC staff will be carried out ahead of schedule, which is in line with what the investor said he observed in Cyberjaya today. I hope this assumption is wrong, or sooner or later the price of the stock to buy tomorrow will face a severe price. .
But then again, if I'm not wrong, the plot/location of thar building is quite nice, no? If HSBC data processing really were to move out, the REIT won't have too much problem to find new tenant, or maybe just sold it off like how they sold Quill IBM building? I think I'm not overly concerned la. Main driver of income still its KL Sentral area properties.
Retail investors are usually used to only looking at stock prices, because not many people know the truth. I'm guessing that some people use the rising stock price to create a false impression to attract more people to invest and then sell at a high profit. This event may be just the tip of the iceberg, and it may be the same in other regions. I hope it doesn't happen but not everyone wants to share the truth. .
I has been investing Sentral (was Quill) since 2012, dividend was 7% and cost around 1.02.Two years ago Add on a lot more during the dipped in 2020 and now my average only 55c after disposing some overbought at 90c. At my cost yields 12% and current price of 96c still yields 7.1%. I witness a lot of Tenants come and go. When someone leave, price stagnant or drop. I add more if the yields is attractive. When new tenants moves in, price will shoot up. Then is time unload some overbought position. After all, assets value at RM1.18 now fire sell at RM0.96 with potential dividend 7.1%. Mana cari assets like this. Who cares tenants leaving Wisma Technic and BMW
“SENTRAL has approximately 511,000 sq. ft. (or 28% of its total committed net lettable area) due for renewal in 2022, with 68% of these leases due in 1H 2022. Approximately 51,000 sq. ft. or 15% of leases due in 1H 2022 have been successfully renewed. The non-renewals for the said period were due to the departure of tenants at Quill Building 2 and Wisma Technip.
The tenure of all the properties owned by the Sentral is freehold. Any advantage of freehold properties over leasehold properties as owned by other reit stocks ?
@rahulsk1947 Sentral REITS is still paying 2 times dividend. From previous trend, they will announce second dividend or Q4 dividend in January but this year they give out earlier. This year's dividend is lower than former years at 6 cents or 7%. This early dividend maybe due to inclusion of Menara CelcomDigi into portfolio as Q4 result in January 24 will include income from Menara CelcomDigi.
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Posted by Pinky > 2022-03-31 17:18 | Report Abuse
E.g. accounting policy said to depreciate building cost over 20 years
Building cost was RM140M
But actually the building can tahan for more than 20 years, at most kena spend a bit money to refurbish or renovate a bit
That is why depreciation is an accounting "cost" that can be added back to earnings to get DISTRIBUTABLE INCOME