SUNWAY REAL ESTATE INVT TRUST

KLSE (MYR): SUNREIT (5176)

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Last Price

1.56

Today's Change

0.00 (0.00%)

Day's Change

1.55 - 1.57

Trading Volume

1,328,800


9 people like this.

1,986 comment(s). Last comment by Pinky 3 weeks ago

speakup

24,496 posts

Posted by speakup > 2023-09-15 16:06 | Report Abuse

Last time during COVID I bought at 1.45 and all their malls and hotels forced to closed, today back to 1.45!

Posted by bullrun2025 > 2023-09-15 16:20 | Report Abuse

gogogo, now reverse up liao

Posted by Hong Wei Phoon > 2023-09-15 16:22 | Report Abuse

run before too late.

Pinky

3,180 posts

Posted by Pinky > 2023-09-15 17:02 | Report Abuse

This selldown is very strange indeed

Healthy

62 posts

Posted by Healthy > 2023-09-15 17:03 | Report Abuse

gosh,what a volume ....sunway piramid kena boom kah???

Posted by bullrun2025 > 2023-09-15 17:08 | Report Abuse

Maybe fund change hand

kinuxian

973 posts

Posted by kinuxian > 2023-09-15 17:24 | Report Abuse

Nothing strange, today is witching day, most likely Vanguard group switch out, as they were hold 70m units as of 31 Aug, BlackRock come as 2nd with 33m holding according to MorningStar.

smartly

6,342 posts

Posted by smartly > 2023-09-15 17:35 | Report Abuse

88m changed hand. rank 6 most active.

Posted by NorthernStar > 2023-09-15 18:22 | Report Abuse

special dividend or bonus coming? maybe.....

MrKiasu

41 posts

Posted by MrKiasu > 2023-09-15 21:23 | Report Abuse

I think the sharp decline today is cause by the AEON news this morning.
https://www.klsescreener.com/v2/news/view/1202801/closure-of-aeon-sunway-pyramid-won-039-t-have-material-impact-on-aeon

smartly

6,342 posts

Posted by smartly > 2023-09-15 22:29 | Report Abuse

if is caused by AEON closure, then the impact is as follows :-
sunway pyramid mall gross revenue = 84millions
aeon contributed 4.8% of spm gross revenue = 84m x 4.8% = 4m
overall impact to sunreit = 4m/166m = 2.4% damage
today's share price drop -2.68%
more or less absorb ?

Pinky

3,180 posts

Posted by Pinky > 2023-09-16 11:29 | Report Abuse

Old news la. Dah lama tau

hhhiii123

644 posts

Posted by hhhiii123 > 2023-09-16 14:41 | Report Abuse

seem like porfolio adjustment by Fund manager, the price may rebound back to 1.50 very soon, grab it if you can, wakaka

speakup

24,496 posts

Posted by speakup > 2023-09-16 14:45 | Report Abuse

Aneh sekali, price 1.45 back to COVID lockdown era. Maybe all Sunway malls and hotels shutdown again?

Posted by bullrun2025 > 2023-09-17 19:21 | Report Abuse

Any bad effect due to sunway medical centre disposal?

InvestIcon

1,082 posts

Posted by InvestIcon > 2023-09-18 08:37 | Report Abuse

SMC book value at around 330m with rental 7%. Disposed to Sunway at 420m. Sunreit use it to settle part of 6 properties purchase from EPF which estimate rental return of 8% per year. I think when these 6 properties purchases complete in Q4. Sunreit's DPU will improve instead of bad effect

Posted by bullrun2025 > 2023-09-18 09:35 | Report Abuse

Thank You for your explaination

Pinky

3,180 posts

Posted by Pinky > 2023-09-18 09:45 | Report Abuse

The only cons I see from disposal of medical properties is reduced diversification

Posted by VerySmartInvestor > 2023-09-18 22:08 | Report Abuse

As hospital base on EBITDA for IPO value. Own a property will improve EBITDA since Interest, Depreciation and Tax are excluded in calculation of IPO value. So, I would think main reason for disposal of SMC building back to Sunway so that SMC has a real assets that will improve SMC’s EBITDA which in turn fetch higher IPO value in 2026. Estimate IPO price for SMC is around 20 x EBITDA.

Posted by VerySmartInvestor > 2023-09-18 22:09 | Report Abuse

Furthermore, Sunreit can also benefit from switching to higher return assets. This is a win-win deal.

flyhub888

470 posts

Posted by flyhub888 > 2023-09-18 23:13 | Report Abuse

why reduce diversification if the particular business can generate profit ?

Pinky

3,180 posts

Posted by Pinky > 2023-09-19 10:39 | Report Abuse

@flyhub888

No more rental from medical properties = reduced diversification

flyhub888

470 posts

Posted by flyhub888 > 2023-09-19 23:27 | Report Abuse

means reduced profit as well?

speakup

24,496 posts

Posted by speakup > 2023-09-20 07:43 | Report Abuse

Sunreit has about 25 properties in their portfolio. At most, SMC is a small dent to its profits. Aeon too.
It's not like Igbreit which only has 2 properties (good ones though) in their portfolio

lee901

177 posts

Posted by lee901 > 2023-09-20 22:07 | Report Abuse

Aeon contributed a lot to sunreit earning...without aeon....traffic flow also drop a lot...

speakup

24,496 posts

Posted by speakup > 2023-09-21 07:41 | Report Abuse

@lee901, lu cakap pa ni? this weekend lu pigi pyramid, lu tengok!

InvestIcon

1,082 posts

Posted by InvestIcon > 2023-09-21 09:11 | Report Abuse

I go to Pyramid at least twice weekly. Sad to say, I remember only been to Pyramid Aeon less than 3 times. Since Pyramid lease the space base on SqFt or certain % on Revenue which ever higher. I don't think Aeon can contribute good rental to Pyramid. The exit of Aeon is actually good news for Sunreit future DPU growth

hhhiii123

644 posts

Posted by hhhiii123 > 2023-09-21 20:55 | Report Abuse

15 Sep sharp drop is caused by EPF 11mil shares acquisition, lol

Fetcove68

11 posts

Posted by Fetcove68 > 2023-11-23 17:13 | Report Abuse

(Sunway-REIT) will have an improved earnings outlook from financial year 2024 (FY24) onwards, driven by increased footfall at its malls, helped further by the recovery in domestic tourism and inbound tourists. Kenanga Research said as international and domestic visitors return, alongside tenant sales and footfall recovering to pre-pandemic levels, it is likely that business momentum will continue to sustain.

FetcoveXX

11 posts

Posted by FetcoveXX > 2 months ago | Report Abuse

Continue to chip in

speakup

24,496 posts

Posted by speakup > 2 months ago | Report Abuse

Just a matter of time will hit 1.80

Posted by paperhand123 > 1 month ago | Report Abuse

LOL rhb tp rm3....

Posted by BlowWater69 > 1 month ago | Report Abuse

rm3😂😂😂
bravo👏

Pinky

3,180 posts

Posted by Pinky > 1 month ago | Report Abuse

Mistake/error by i3 la

That was TP for Sunway Bhd, not SUNREIT

ImCK

2,874 posts

Posted by ImCK > 1 month ago | Report Abuse

sunreit is blackhorse if target become second largest cap MREIT then sunreit must have 7billion market cap means 20% upside potential minimum

Posted by Kitty Kitty > 1 month ago | Report Abuse

Sunreit has been increasing their portfolio organically. Acquisition of non performing property in the market and then dressing them up entirely yielding higher profit margin once the tenancy is full. Look at the port acquisition.

Pinky

3,180 posts

Posted by Pinky > 1 month ago | Report Abuse

I'm looking forward to a mall by the sea by Sunway. Would be nice to have coffee or beer by the sea

speakup

24,496 posts

speakup

24,496 posts

Posted by speakup > 4 weeks ago | Report Abuse

Sunreit fantastic QR! total dividend this year 9.3sen! equivalent to 5.9%! 2x more than FD! today open 1.65?

speakup

24,496 posts

Posted by speakup > 4 weeks ago | Report Abuse

Wahhh didn't know got chan tambah Sunreit. Yay

hhhiii123

644 posts

Posted by hhhiii123 > 4 weeks ago | Report Abuse

Sunreit div 9.2cen p.a, share price 1.57, pavreit div 9.2cen p.a, share price 1.30, so which one you should buy,wkaka

speakup

24,496 posts

Posted by speakup > 4 weeks ago | Report Abuse

Both also speak up got

speakup

24,496 posts

Posted by speakup > 4 weeks ago | Report Abuse

Both Tambahhhh

speakup

24,496 posts

Posted by speakup > 3 weeks ago | Report Abuse

1.61
next stop 1.70?

speakup

24,496 posts

Posted by speakup > 3 weeks ago | Report Abuse

新年快乐

Stan Lee

22 posts

Posted by Stan Lee > 3 weeks ago | Report Abuse

the sunreit acquire giant income cant see in annual report?

Pinky

3,180 posts

Posted by Pinky > 3 weeks ago | Report Abuse

@Stan Lee

The acquisition is pending approval by Economic Planning Unit

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