I would say, if you know the REIT industry It's stable growth and income distribution. barely people will fry up REIT shares, but its a stable share where it will keep going up continuously stable and good returns if you hold it for long term.
investment in reits are for long-term divvy and stability (parking yor money). also there are major differences in retail, office, hospitality or industrial reits in terms of yield and growth. short term players looking for cap growth should not be in reits.
Second Income Distribution of 2.23 sen per unit (of which 1.89 sen per unit is taxable and 0.34 sen per unit is non-taxable) for the second quarter ended 31 December 2013
Second Income Distribution of 2.23 sen per unit (of which 1.89 sen per unit is taxable and 0.34 sen per unit is non-taxable) for the second quarter ended 31 December 2013
Judging by the dividend lower, it's because the refurbishing Sunway Putra Mall in last year 2013. currently the price is fair price as property value will never be lower but stagnant or growing.
Also, there are plans investing more on REIT at Penang, and Johor... prime locations for REIT to grow.
I'm waiting to accumulate more after dividend ex date or it drops to RM 1.23 and below.
Nevets: read properly, the DY is actually higher. previously they just paid advanced from subsequent quarter and backdated later. profit loss from Sunway Putra Mall's refurbishment has been offset by acquisition of Sunway hospital last year.
I agree with you Reno Wong. Those buying now are buying at 25sen cheaper than a year ago in addition of higher dividend of 2.23sen compare to 2.19sen last year if exclude advance dividend paid last year.
Nevets: just check latest quarter report page 10 and you will get the most important details of income breakdown. least you need to know if you want to invest in REIT. rlch: I have no idea why ppl would bought this counter at that level of price previously. It's a good and stable investment but tat price was too expensive. But now is the good time to accumulate.
@reno wong: sunway medical center covers more then a sunway putra shopping mall. I'm sure you are a report base reader and analysis person.
my comment will still state that due to sunway putra shopping mall closure for refurbishment, the profit is drag down, thus, dividend is lowered down as per expected although it increase up to 0.011 sen (omg.. seriously you are thinking the 0.011sen is a good gain, sigh~). Sunway medical was included into Sunreit portfolio was a last year news and it's revenue was already projected. My statement still stands that Sunway is undervalued share and it should be higher on both share prices and dividend.
I'm still on neutral to Sunreit, don't get me wrong, I held the shares since the very beginning from RM 0.85 - RM 0.90.
Usually, 1-2 weeks after ex-date will drop if your observe the pattern over the past years. But now is still a good price, just buy at the price that meet your satisfaction. :)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ladzatz
975 posts
Posted by ladzatz > 2014-01-06 01:57 | Report Abuse
more cheap is good???