2nd quarter dividend ex-date was on Feb 12th. if you buy now you have to wait for the 3rd quarter dividend which will be around May according to past record.
Yes, Putra Mall occupancy rate would improve a lot after the refurbishment Q3. Yield will definitely better than last year. Bank lending will be stable this year. Good for REIT.
Putra Mall was on auction. Sunreit is the only submitted tender with extremely low price of less than RM500 m. For the past 1 year, the mall was under 500m renovation and upgrading. The mall shall expect to re open in coming May. By then, the current high price will become too cheap,...
Current total book value for asset is about 3.6b, this including yet to re value and to rent out start May Putra Mall. Current book value of PM maybe around 1B. The rental receive now just base on contribution of other asset. assuming PM worth 1.5-2B, and fully rent out later, potential rental income can increase can be up to 60%!!! What will be the price? Off course, fully rent out still takes time and marketing efforts but the potential is there. I believe RM2 is near
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....
ejtic
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Posted by ejtic > 2015-01-27 11:12 | Report Abuse
Heh! Wa ka Lu kong... Kick Lai leow...