Hold it tight. Big fund managers will continue to buy. It is in golden cross position. Share price is keeping increased. Safe counter for those (especially foreign funds where their countries dividend payout is so low) wanted secure and good dividends. Last Friday, foreign investors was the net buyers.
Only if we have a sign that the rental would move away from Sunreit's assets, or the spending sentiment of the locals would deteriorate; we otherwise could expect Sunreit to conduct business as usual. Another challenge could be online buying but that could hardly replace the windows-shopping culture of Malaysian. We have had so many financial challenges lately (1 MDB, falling oil price, GST, etc.) but the spending habit of the locals remain (almost?) the same.
Retail Reits are fully aware of the competition from online shopping. They are organizing more exhibitions and activities in the malls to attract more patrons. They also take in more food and beverages tenants. All these can't be replaced by online shopping. So I still have confidence in retail Reits especially those with strong sponsors.
SUNWAY RLST.INV.TRUST reduced its risk exposure resulting in an upgrade to Positive
SUNWAY RLST.INV.TRUST (MY), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.66 and its potential was estimated at MYR 1.76.
SUNWAY RLST.INV.TRUST reduced its risk exposure resulting in an upgrade to Positive
SUNWAY RLST.INV.TRUST (MY), a company active in the Real Estate Holding & Development industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Positive. As of the analysis date June 28, 2016, the closing price was MYR 1.66 and its potential was estimated at MYR 1.76.
I am quite new to REITS. Accumulated about 5 different REITS and all are doing well ... bought it as income stock for dividend. Looking forward to receive SUNREIT divided ...
Final Income Distribution of 2.12 sen per unit (of which 1.31 sen per unit is taxable and 0.81 sen per unit is non-taxable/tax exempt) for the fourth quarter ended 30 June 2016.
According to MIDF Research, the cumulative net foreign inflow thus far this year into shares listed on Bursa has surpassed the RM1bil level. As of last Friday, the year-to-date cumulative flow into Bursa increased to an estimated RM1.26bil from RM959.3mil the week prior.
“For the last five weeks, the Malaysian capital markets have seen a net inflow of foreign funds. This has resulted in some stability in its equity market and buoyancy in its bond market,” says MIDF.
Outlook Still positive about its prospects. We remain positive on Sunway REIT (SunREIT). Its DPU remains attractive in the near to medium term, following the completion of refurbishment works for Sunway Putra assets (mall, office and hotel) and full-year income contribution from Sunway Hotel Georgetown. Furthermore, we expect further earnings accretion from the asset enhancement work done on Pyramid Tower East, slated to be completed by 3QFY17. Visible sponsor asset pipeline. Sunway REIT’s sponsor and shareholder (37% stake) Sunway Bhd has a large pipeline of potential assets for injection under its “build-own-operate” model. Future injections could include Sunway University and Monash University campuses, The Pinnacle office tower, Sunway Giza mall, Sunway VeloCity mall and Sunway Pyramid Phase 3. These underpin an attractive growth pipeline for the REIT. We are optimistic about potential injections from sponsor Sunway Bhd to meet the REIT’s RM7bn asset target by 2017. http://klse.i3investor.com/servlets/ptres/37079.jsp
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....
kinfatt999
2,913 posts
Posted by kinfatt999 > 2016-05-27 19:08 | Report Abuse
1.65 fair value