if the 2 mall under this REIT sink, that means the whole economy will sink already....the mall is pack every day with not just locals but also tourist. Occupancy rate is almost 100%, rental is going up every year i.e profit also. I wonder how some people think this counter will sink to 1.60, it maybe possible but it will only be for a brief moment since its a good investment counter with steady dividend and profit
when other counter price go down, investor will look for safe haven counter with proven track record of dividend payout and capital growth. This is when REIT stand out. The question is which REIT counter. Malaysia top 5 REIT....IGB is one of them. Personally, i think investing in IGBREIT is a good bet.
We maintain our BUY rating on IGB REIT with an unchanged DDMderived price target of RM2.15. We like IGB REIT for its first-class assets, strong management and robust balance sheet. Moving into 2020, we expect IGB REIT to extend its uninterrupted revenue and NPI growth, supported by high occupancy, rental growth and efficient cost management
10. Landlords to ease rental rates for a period of six months
Government to encourage mall/commercial landlords to ease rental rates down by a minimum of 50 percent for a period of six months to mitigate the businesses.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 256 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11346 views | 9 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
zakaria444
53 posts
Posted by zakaria444 > 2019-10-24 15:21 | Report Abuse
IGB REIT distributable income up 1.3%, declares 2.31 sen distribution