@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 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
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.
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.
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....
Posted by fortunefire > 2021-04-05 10:01 | Report Abuse
CMMT has outperformed other retail reits. Even IGB and SUNREIT can only smell the smoke