Apparently, the mall is in "lower class" area (Chow Kit) but the parking rate charged is same as Pavillion. Secondly, escalators were not working for 7 months.
MREITs - Stay On The Sidelines For Now Author: kiasutrader | Publish date: Thu, 7 Jan 2016, 10:28 AM
We reiterate our NEUTRAL view on MREITs as the sector is lacking catalyst while downsides are largely priced-in. The asset acquisition pace may be maintained or improve slightly in CY16 as asset valuations are trending closer to more realistic cap rates. We are expecting an exciting 4Q15 results season while the operationally resilient MREITs that own stable assets include KLCC and PAVREIT. Moving forward, we expect bond yields to normalise to the 4.00% level in CY16, once the negative sentiment subsides. We will continue to monitor the situation closely in CY2016. Meanwhile, we advise investors to stay on the sidelines before selectively repositioning into MREITs, particularly those with better-thanaverage earnings growth and strong yield. Our Preferred Pick is SUNREIT (OP; TP: RM1.73) for its strong earnings growth in FY16, due to contribution from Sunway Putra Place (SPP). Meanwhile, we maintain our call and TP for PAVREIT (OP; TP: RM1.68), AXREIT (MP; TP: RM1.69), IGBREIT (MP; TP: RM1.38), KLCC (MP; TP: RM7.13), and CMMT (UP; TP: RM1.31).
We maintain OUTPERFORM call with TP of RM1.73, based on a target gross yield of 5.9% (net yield of 5.3%). Risks that will alter our call are weaker-than-expected occupancy rates from office and hospitality segments, higher-than-expected direct property expenses, and lower-than-expected contribution from SPP.
An exciting afternoon play! Trading ex-dividend, and yet the share goes up >5%! Not much news, except it seems EPF & ASB have been slowly increasing their stake in SUNREIT.
Agreed Sin Chew simply comment, they said Sunreit closing down Pyramid East Hotel soon which will result income reduce. They didn't mention Sunreit going to open Pyramid West Hotel which the renovation is expecting to complete sometime in April. New renovated hotel will definitely bring better income compare to old East hotel.
Received div on last Mon, 1/3/16 to my personal account. If yours is a nominee account, you have to wait for more time for your investment bank to bank into your account, money888. Better convert nominee acc to individual acc.
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....
kymlym
56 posts
Posted by kymlym > 2015-12-17 15:27 | Report Abuse
Why suddenly so much selling at 1.45?