QR result maintain as it is. maintain good sign even the market is slowing down. Don't forget that the completion of Pavillion 2 is in the corner. more profit will come in. TP 2.15 from kenanga is reliable.
True, RM1.78 is a tough wall to break. Even though the dividend is less than 5%, but it has some potential upside to it. The dividend should be higher after the completion of Pavilion Extension and the latest news on TS Desmond (owner of Pavilion and WCT) might boost its prospect too, since WCT has a few shopping malls that are likely to be injected to Pavilion. Well at least Pavilion is quite stable/defensive, and 5% + some capital gain yield is good enough, given the volatile market condition.
Visited Pavillion Shopping Mall and Pav Elite recently, the crowd is scaring. And found many new brand in the house. Many of these new brand are also FIRST in Malaysia. Believe that parking revenue itself is already more than many other listed company total revenue.
KUALA LUMPUR (2016 Aug 4): Malaysia's Genting Group and Pavilion Group are partnering with Vietnam-based property developer Van Thinh Phat Group Corp to develop the US$6 billion (about RM24 billion) Saigon Peninsula mixed project in Ho Chi Minh City, Vietnam.
in Europe & US, ppl go to the park on weekends to enjoy fresh air & do sports. in Malaysia, ppl go to the mall on weekends to enjoy air-cond & window-shopping
Yupe revenue it is improved cause acquisitions of others rubbish malls. Revenue increase but the finances cost also even more increase then lead to EPS to be lesser.
Because they think damen might be having a good potential in the future, but anyhow this is a portfolio of theirs, I believe there are more assets going to pump in into pavreit in year(s) that should make damen less material on the financial results.
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....
ampabella
1,378 posts
Posted by ampabella > 2016-10-23 21:37 | Report Abuse
beli oreli drop jor, now wit for dividend lor, hope got 3 to 4 cts lah