as you can see from track record, every crisis where massive sell down of shares, REIT shares are always steady ... the KLCI index has gone down to 1780 ++ and it will still go down to 1730 - 1750 until 17-18 December.
if you are looking at long term, it's good to in now...
SUNREIT can keep long term, many foreign shareholders are exiting from the REIT business in Malaysia (just the investment on share market) but that does not link with the business operation where tenants are still with the malls.
Sunway has great diversification of business, retail, medical, hotel, office suite and shoplots ...
Sunway Putramall is down for renovation, but that doesn't mean that it affects the major business at all, not much...
this is a good chance to accumulate. even if the price stays low for a while the divvy is now looking handsome. 6.5% is very good for a growing retail reit.
bought at a higher price? that can happen to anyone, part and parcel of investing in cyclical sectors. you can average down, but you need to be prepared to wait since sentiments are poor at the moment.
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....
Nevets
228 posts
Posted by Nevets > 2013-11-13 05:17 | Report Abuse
Hi,
usually after dividend, the trading value will be adjusted.
for example, Sunreit was last traded at RM1.32 before dividend and to propose a 2 sen dividend,
As such, the share will automatically adjusted to RM 1.30 as it has paid off the dividend. on the Ex-Date :D
In case you are wondering, Ex date and payment date are different.
so if it's stated that ex date is on 12 November 2013, and payment date is on 28 November 2013.
the dividend money will come to you on the 28th November 2013.
Reference : http://www.bursamalaysia.com/market/listed-companies/company-announcements/1448161
I hope this solves your query ... Happy Investing...