@stockfreak i dont agree with you. The fact is that 60% of the group revenue came from gurney plaza and gurney plaza does not provide rental rebate to their tennant and their occupancy is 98 ++ percent till today
If you are staying around PJ... would you go 1Utama or Others...nearby. ??? As for Sungai Wang, their reliance is on tourists. It’s a good Reit but it will hurt.
If you have/owned a business in Sg Wang you would know that business comes from tourists staying nearby hotels, both local and overseas.....the next door mall housing computers shop even better business.
It's a paradox that we always see EPF making the losing money moves. They sell low and buy high all the time. But let's not forget in the end it continues to declare great dividends each year and its performance among the top in world pension funds. Short-term vs long-term objectives
Before covid this was trading around RM1. Once vaccinations reach higher levels and covid is less of a problem, this will go back to at least 90 sen. Target 80 sen by end of year.
My daughter is one of their tenant at Gurney and I used to hold a lot of their share because is a REIT. But after this Covid pandemic I don't think this is a good company. My daughter told me that their Management is a big bullies and inconsiderate management. For now I'd rather go to Tesco than to their shopping mall.
Rubbish company. Sg Wang dead mall, 3Damansara dead mall, Mines dying mall. Management big bullies probably learned bullying from their Sinkies master.
One of my friend even didn't get any rental waiver for MCO 2.0 until now. Yes they are able to have nice earning on QR for this but let's see how many of their tenant will leave next. So pity my friend dump in so much money in their mall. Luckily I didn't join him last time
If you have a TIIH.online account, you can apply for the DRP. You can subscribe to the new shares (@RM0.56620 per share, about 9% discount to market price), just have to pay for the stamp duty (RM10) and handling fee (RM5). It only makes sense to do this if you have more than 21000 CMMT shares, otherwise the stamp duty/handling fees will be more than what you 'save' from the discount. (Note: calculations based on a static market price of RM0.62, but keep in mind that share price will fall after ex-date due to the dividend distribution)
If you don't apply for DRP, you will get the dividend deposited to your bank account as normal.
Yes. But if you are holding CMMT for long term, reinvest back sounds logical too unless you are in need of cash or find having odd lots very troublesome.
Frankly speaking, shopping mall just a kind of sunset industry... most of the people shop online, shoppee , lazada goods price are cheapest than physical shop. In future we really go shopping mall for dine in or just " window shopping " only .... alas..... RIP for CMMT .....
Can you online gathering or outing ? Lol. Until virtual reality socializing is made possible. Shopping mall is irreplaceable. Let’s see if you can manage to get a carpark when the economy reopens.
Sg Wang is dead after Lalaport open. Mines is dead after Pavilion Bukit Jalil open. 3Damansara aka Tropicana mall was dead long time ago. Melawati mall half dead. Only Gurney and ECM Kuantan able to sustain long term. Long term prospect is very bleak for this company. How about their plan to diversify into business park and data centre? Talk big blow water by management as always.
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....
fortunefire
1,528 posts
Posted by fortunefire > 2021-04-05 17:20 | Report Abuse
MV car park full