Sunreit is mostly retail outlets, and retail outlets are dying fast due to MCO. The surviving ones will surely ask for big discounts from Sunway to cut loses, which is bad for dividend.
Grab some @1.35, don't expect the price to drop further more. If really drop lower, split into 3 batches and start collecting some portion from this price level. This is my opinion. Happy investing :)
Wait till it drops to 1.10? That case I will advise to wait further until 0.50, much more cheaper. Wake up and stop dreaming. You forever wont invest if just waiting to get cheaper and cheaper without understanding its underlying asset value.
Vaccine is coming out, shopping malls slowly will improve by time. People still loves to shop regardless of new norm or what. Just be patient and accumulate when the price is reasonable.
Yes dividend is weak because NPI is affected by CMCO and virus.. Remember this is not an average REITs, the name SUNWAY already worth the money. Are CMCO and virus going to last forever? Keep the answer to yourself and you will know what to do.
Downgrade to UNDERPERFORM from (MP) on a lower TP of RM1.10 (from RM1.45). Our TP is based on CY21E GDPS/NDPS of 5.8sen / 5.2 sen (from FY21E GDPS/NDPS of 7.6 sen / 6.8 sen) and an unchanged +2.5ppt spread on a lower 10-year MGS target of 2.80%. Our applied spread is at +2.0SD, on par with pure retail MREITs under our coverage to account for earnings risk in light of the Covid-19 pandemic, considering its exposure to the retail and weak hospitality segments.
@HamburgerOS Can use Rakuten or M+. Can apply fully online. Account opening for M+ takes about a week and Rakuten 2-3 days. Rakuten is nominee account whereas M+ is direct account. Btw can use my referral code for Rakuten >>> 29c37AZHOW <<< and both of us will get 500 points :)
If you are not desperate for cash flow, actually no need to worry a lot. Yes for sure dividends will be sucks. However pls remember you are holding assets via REIT, Sunway assets already worth the money itself. You will you simply sell your condo/house/shop lots just because the rental income is less?
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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....
andy123456
16 posts
Posted by andy123456 > 2020-11-04 00:58 | Report Abuse
why last minute sell down sunreit?