Recent sell down may provide an opportunity to accumulate as Sunway Putra Mall is started contribution to the Group revenue and profile(at least no need further fork out money for renovation)
Up to July, total 50% of Sunway Putra Mall had rental out. Another 20% will be opening soon by September. Fellow investors, your fruitful day yet to come
We wish to announce that SUNREIT targets to release its unaudited financial results for the fourth quarter ended 30 June 2015 after 5.00 p.m. on Tuesday, 11 August 2015.
The stock don't move maybe due to few reasons. The market sentiment is bad, RM is depreciate fast forigners are pulling out of Malaysia. Main tenant of Sunway Tower is slowly withdraw due to bad oil price, by end of the year the occupancy may reduce to less than 30% if no replacement is found. But, with the opening of Sunway Putra Malls, and good retails. Should still expecting around the same return for this year, which is around 5.5%
erm..not really good news. The market is oversupply which will reduces the profit margin of Sunreit property segment. Management is quite conscious in answering question because of the uncertainty in the market and oversupply of office building.
Next quarterly results expected 29-Oct-2015, together with another dividend. In times of uncertainty, people chase stable dividend yields, even if it is just 4-5% p.a.
KUALA LUMPUR (Oct 28): Sunway Real Estate Investment Trust (REIT) will be able to pay higher non-taxable income distribution from the first quarter of its financial year ending June 30, 2016, onwards, after winning a judicial review that allows it to claim for industrial building allowance (IBA) for its properties.
Xiao Mi, this is also my first experience. Yet to know whether the refund is to pay back for those who owns the units during 2013 January to 2015 June or all to current units holders. Total will be 6 quarters overpaid hotel building allowance before June 2015
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....
DannyC
166 posts
Posted by DannyC > 2015-07-03 18:30 | Report Abuse
y today volume so high..? big fish accumulate..?