KLSE (MYR): SUNREIT (5176)
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Last Price
1.46
Today's Change
-0.01 (0.68%)
Day's Change
1.46 - 1.47
Trading Volume
575,700
Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
---|---|---|---|---|---|---|---|---|---|---|
Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) |
https://theedgemalaysia.com/node/679148
Analysts rate Sunway REIT a 'buy' on higher rental reversions, hotel occupancy prospects
1 month ago
What are the reasons for gross rental income dropped from Q1/2023 RM 183m to RM 166m in Q2/2023?
1 month ago
Less retails sales for Q2 as compared to Q1 (CNY festival) as lower sales commission generated from retails.
1 month ago
Why the huge spike in trading volume? Now trading at its NAB of 1.46 which seems attractive.
1 week ago
Last time during COVID I bought at 1.45 and all their malls and hotels forced to closed, today back to 1.45!
1 week ago
Nothing strange, today is witching day, most likely Vanguard group switch out, as they were hold 70m units as of 31 Aug, BlackRock come as 2nd with 33m holding according to MorningStar.
1 week ago
I think the sharp decline today is cause by the AEON news this morning.
https://www.klsescreener.com/v2/news/view/1202801/closure-of-aeon-sunway-pyramid-won-039-t-have-material-impact-on-aeon
1 week ago
if is caused by AEON closure, then the impact is as follows :-
sunway pyramid mall gross revenue = 84millions
aeon contributed 4.8% of spm gross revenue = 84m x 4.8% = 4m
overall impact to sunreit = 4m/166m = 2.4% damage
today's share price drop -2.68%
more or less absorb ?
1 week ago
seem like porfolio adjustment by Fund manager, the price may rebound back to 1.50 very soon, grab it if you can, wakaka
1 week ago
Aneh sekali, price 1.45 back to COVID lockdown era. Maybe all Sunway malls and hotels shutdown again?
1 week ago
SMC book value at around 330m with rental 7%. Disposed to Sunway at 420m. Sunreit use it to settle part of 6 properties purchase from EPF which estimate rental return of 8% per year. I think when these 6 properties purchases complete in Q4. Sunreit's DPU will improve instead of bad effect
5 days ago
As hospital base on EBITDA for IPO value. Own a property will improve EBITDA since Interest, Depreciation and Tax are excluded in calculation of IPO value. So, I would think main reason for disposal of SMC building back to Sunway so that SMC has a real assets that will improve SMC’s EBITDA which in turn fetch higher IPO value in 2026. Estimate IPO price for SMC is around 20 x EBITDA.
4 days ago
Furthermore, Sunreit can also benefit from switching to higher return assets. This is a win-win deal.
4 days ago
Sunreit has about 25 properties in their portfolio. At most, SMC is a small dent to its profits. Aeon too.
It's not like Igbreit which only has 2 properties (good ones though) in their portfolio
3 days ago
Aeon contributed a lot to sunreit earning...without aeon....traffic flow also drop a lot...
2 days ago
I go to Pyramid at least twice weekly. Sad to say, I remember only been to Pyramid Aeon less than 3 times. Since Pyramid lease the space base on SqFt or certain % on Revenue which ever higher. I don't think Aeon can contribute good rental to Pyramid. The exit of Aeon is actually good news for Sunreit future DPU growth
2 days ago
speakup
https://theedgemalaysia.com/node/679092
Sunway REIT’s 2Q NPI rises 9%; declares 4.62 sen DPU
1 month ago