I don't think so. This is the best performing REIT stock. I have made tons since it listed... One needs to visit its malls only then one will comprehend its strong & vast mall mgmt skills...
but i think sungai wang plaza is pretty old already, and so do gurney plaza.. :P parvillian might grab their customer pretty hard, and tourist will prefer mall such as parvillian to sungai wang? my 0.02 :p
i have counted before, if their eps of 2013 will be 15% more than 2012, and i buy at 1.65 , then i will get 5.9% of annual dividend.. which is not that attractive compare to other reits such as starreit twrreit etc etc..
Trust me, it's either next year or 2014, it will acquire Queensbay Mall, then it will easily surpass 2.20. Don't forget Kuantan Mall that they are actively upgrading for better value. Always remember, REIT is for long term. If u r looking for fast $$ & excitement, then should go to the TOP 20 active stocks. High risk, high return & vice-versa.
EPF has begun to accumulate CMMT since 20/12/2012 and is still collecting till to-date. Quite sure they foresee the refusal right to purchase of Queensbay Mall is imminent. It's very likely heading surpass $2 soon.
Apart from Gurney, all the other malls are secondary malls. Even Vision City is third grade mall which they found a stupid buyer in EPF where no malaysian cos would want to buy. If its 1st Grade, they would not sell just like 1U, MidValley, Pavilion, KLCC etc.
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....
Darren Loke
94 posts
Posted by Darren Loke > 2012-12-14 09:03 | Report Abuse
about 10cts per annum...look it up here
http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=C&securityCode=5180