@Pinky, Current 71% occupancy rate is due to Pandemic and it’s the lowest occupancy. With market reopening, the occupancy highly will improve rather than drop further. Plus, management indicated thus year rental will positively revise. So, 5 cents or increase of 25% rental income is likely achievable.Furthermore, even if the rental increase is not achieve. Current 4 cents or 6.6% yields is relatively high for existing market
definitely. IGBB cashflows are very strong, dividends from IGB REIT and IGBCR are more than 20 sen per share. Wait till it carries out the proposed corporate exercises then it will be able to pare down borrowings and raise dividend payouts
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 Pinky > 2022-03-01 16:25 | Report Abuse
Do u guys think HLB's assumption of 5 sen gross dividend p.a. achievable?