Last Price Today's Change   Day's Range   Trading Volume
1.34   +0.02 (1.52%)  1.32 - 1.34  260,500
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Market Cap: 4,099 Million
NOSH: 3,059 Million
Avg Volume (4 weeks):678,350
4 Weeks Range:1.31 - 1.39
4 Weeks Price Volatility (%):
52 Weeks Range:1.18 - 1.45
52 Weeks Price Volatility (%):
Average Price Target: 1.47
Price Target Upside/Downside: +0.13

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  31-Jan-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  28-Apr-2023
T4Q P/E | EY: 10.30  |  9.71%
T4Q DY | Payout %: 6.24%  |  64.26%
T4Q NAPS | P/NAPS: 1.2845  |  1.04
T4Q NP Margin | ROE: 69.83%  |  10.12%


Date Subject
23-Mar-2023 PublicInvest Research Headlines - 23 Mar 2023
23-Mar-2023 Mplus Market Pulse - 23 Mar 2023
23-Mar-2023 Malaysian REITs Remain a Safe Haven Amid Market Volatility, Says MIDF Research
23-Mar-2023 Pavilion REIT Unitholders Greenlight RM2.2 Bil Pavilion Bukit Jalil Mall Acquisition
10-Mar-2023 Malaysia REITs - 4QCY22 Results Review: Business As Usual
09-Mar-2023 REITS - Positive CY23 outlook for retail and hotel REITs
08-Mar-2023 MQ Market Updates - 08 March 2023
08-Mar-2023 PublicInvest Research Headlines - 8 Mar 2023
08-Mar-2023 Pavilion REIT Seeks Shareholders' Approval to Acquire Pavilion Bukit Jalil Mall for RM2.2b
07-Mar-2023 MQ Market Updates - 07 March 2023
15-Feb-2023 REIT - FY22 Report Card: Retail REITs Took the Lead
02-Feb-2023 MQ Market Updates - 02 February 2023
02-Feb-2023 Daily Market Report - 02 February 2023
02-Feb-2023 Pavilion REIT - An Exciting Year Ahead; Maintain BUY
02-Feb-2023 Pavilion REIT - Shoppers Are Back
02-Feb-2023 Pavilion REIT - Expect stronger FY23F rental reversion
02-Feb-2023 Pavilion REIT - Still Room to Grow
02-Feb-2023 Mplus Market Pulse - 2 Feb 2023
26-Jan-2023 中国重开之年 双林一曾盼“兔”气扬眉
20-Dec-2022 Malaysia REITs - Shopping For Value Buys

Business Background

Pavilion Real Estate Investment Trust is a Malaysian property investment company. Properties are located both domestically and in other countries within the Asia-Pacific region. The company generates the majority of revenue from leasing properties to its tenants. Pavilion REIT operates through two segments: retail and office. The retail segment delivers the vast majority of company revenue. Major retail tenants include fashion stores, dining venues, department stores, and supermarkets. Property and consultancy offices lease most of the lettable area in the office segment, followed by technology providers, financial institutions, and construction companies.
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  3 people like this.
fortunefire below 1.20 again....
21/11/2022 3:51 PM
davidkkw79 Will ask for right issue call soon...
22/11/2022 7:35 PM
HUNTER 1.18 can consider top up,but right issue will happen?
23/11/2022 11:55 AM
CurryBento Pavilion Real Estate Investment Trust (Pavilion-REIT) has proposed to acquire Pavilion Bukit Jalil Mall (PBJ) from Regal Path Sdn Bhd for an aggregate purchase consideration of RM2.2bil.

In a filing with Bursa Malaysia yesterday, it said Regal Path will dispose of one block of five-storey retail mall with two basement car park levels located within Bukit Jalil City, Kuala Lumpur, together with the related assets and rights.

In addition, Pavilion-REIT will also acquire additional moveable assets required for the operations of PBJ Mall which include laptops, buggies and mobile elevating work platforms (ancillary purchases).
23/11/2022 1:12 PM
CurryBento As at the latest practicable date, the total net book value of these assets is about RM3.4mil,” it said.

Regal Path is a joint-venture company of Malton’s wholly-owned subsidiary, Khuan Choo Realty Sdn Bhd, Qatar Investment Authority’s wholly-owned subsidiary Q PBJ Sdn Bhd, and Tan Sri Desmond Lim via his private vehicle Jelang Tegas Sdn Bhd.

Malton said the disposal is not expected to result in it becoming a cash company or a PN17 company as defined under the Listing Requirements.
23/11/2022 1:12 PM
fortunefire Highly likely right issue will happen.
23/11/2022 10:07 PM
HUNTER from my last view 1.35 drop to 1.18,and now bukit jalil come to the picture.will good time to top up or wait for right issue that might happen?
30/11/2022 12:06 PM
SmallSexyPig I think Bukit Jalil will help to boost revenue, the footfall there is very good from my last few visits it is increasing. Now just need the shops to come in too...
01/12/2022 3:00 PM
speakup Went to this pavilion bkt jalil, only food shops doing very well. Others struggling.
14/01/2023 10:39 PM
goldenhope 1.30
19/01/2023 3:57 PM
PassionateInvestor Finally catching up. The forward dividend could easily be 6-8%.
19/01/2023 4:55 PM
pang72 Ha! Ha! Ha!
20/01/2023 4:31 PM
speakup anybody know how is pavreit going to buy pavillion bkt jalil? izzit thru PP or RI?
20/01/2023 4:33 PM
speakup pavreit buy pavillion bkt jalil for rm2.2Bil means either massive PP or RI
20/01/2023 4:46 PM
SmallSexyPig FYI:

The total acquisition price of MYR2.2bn will be paid in stages and two tranches of unit placements. Upon the completion date, which we think it will be in 2Q23, PREIT will pay MYR1.65bn, comprising MYR1bn from bank borrowings, and MYR650m via cash proceeds from the first placement to the vendor. MYR150m will be paid upon the expiry of Defects Rectification Period (DRP) and upon issuance and delivery of the strata title which is targeted by end-2023. Finally, the balance MYR400m will be paid via cash proceeds from the second placement upon achieving a target net property income (NPI) of MYR146m on an annualised basis based on the latest six months historical NPI records. The structure of the deal is designed to target a 6.6% NPI yield while the new mall takes its time to get to full occupancy. Gearing level is expected to increase from 35% to 37% – still below the 50% limit stipulated by the Securities Commission.

via rhbinvest
20/01/2023 5:12 PM
speakup wah lau weh......big rm1BILLION loan from bank!
21/01/2023 1:56 PM
speakup guess DPU will be affected, as profits used to repay bank installments
21/01/2023 1:57 PM
speakup igbreit better than pavreit, pavreit better than hektar
21/01/2023 1:59 PM
pang72 Pav is very crowded with China 大妈。。
Tourists are back!
27/01/2023 11:39 AM
pang72 Speak up..
Pav, IGB and hektar are all good to earn China 大妈 money.
27/01/2023 11:40 AM
SmallSexyPig where qr?
31/01/2023 5:23 PM
pang72 Knn.. QR so good..
Another 4c dividend
31/01/2023 6:21 PM
PassionateInvestor Great QR indeed.
01/02/2023 9:37 AM
speakup Record high profit, but revenue flat.
How can this be?
01/02/2023 12:34 PM
hhhiii123 @speakup
The recorded high profit due to huge increase in fair value of property. It will be good sign as rental should be increased as well.
01/02/2023 6:45 PM
speakup not operating profit
01/02/2023 10:07 PM
speakup accounting hocus pocus
01/02/2023 10:08 PM
pang72 Up6c...
Reit can up so much...
02/02/2023 7:38 PM
speakup was seriously thinking of buying this when <1.20 but then read acquisition of pavillion bkt jalil maybe rights issue, so didn't buy. thanks to pavillion bkt jalil, missed opportunity!
02/02/2023 9:11 PM
pang72 Rerating to 1.57 by RHB.
03/02/2023 12:16 AM
jonathan_k revenue 30% by tourist, china coming, confirm will be better
03/02/2023 2:18 PM
pang72 We must salute China 大妈。。
Money is not important but must spend... To them
03/02/2023 4:33 PM
pang72 https://www.chinapress.com.my/20230203/%e4%b8%ad%e5%9b%bd%e5%87%ba%e5%a2%83%e8%b7%9f%e5%9b%a2%e6%b8%b8%e6%81%a2%e5%a4%8d-%e9%a6%96%e6%89%b9%e6%97%85%e5%ae%a2-%e4%b8%8b%e5%91%a8%e4%b8%80%e6%8a%b5%e9%a9%ac/

大妈next week arriving Pav
03/02/2023 10:29 PM
wallstreetrookieNEW Even pang72 is becoming a value investor nowadays.
05/02/2023 9:59 AM
speakup Pavilion Bkt Jalil losing a lot of revenue from shoppers parking for free on the main roads instead of paying for parking inside.
05/02/2023 9:05 PM
speakup Went there yesterday saw cars park on all the main roads around Pavilion bkt jalil. No clamping? No fines? Nobody will pay for parking inside when they can park for free on the sides of all the main roads surrounding the mall
05/02/2023 9:08 PM
2021willnotbetter 6% dividend, worth to long hold.
11/02/2023 12:07 PM
SmallSexyPig I don't think a few cars not parking inside is going to affect their bottom line. What an extraordinary statement to make hahahaha.

A lot of footfall during the working week. Even if it's mostly for food. Biggest issue is still empty lots.
15/02/2023 10:24 AM
speakup Not a few cars. A lot of cars!
DBKL should tow or fine those parking freeloaders
15/02/2023 10:58 AM
SmallSexyPig it's not going to affect their income that much, maybe a few 1000 only. you think too small minded.
15/02/2023 1:39 PM
YelnatS All the share discussion that i went in klse.i3, there are always this one fella that always talk like "speakup" but when the share goes the opposite of what they yapping, then they will be gone and not to be seen. LOL!
15/02/2023 2:11 PM
speakup fyi, i do not own any shares in pavreit
just becoz i comment on certain shares, doesn't mean i own it
15/02/2023 9:41 PM
speakup i say maybank is good in maybank thread, but i oso no maybank
15/02/2023 9:41 PM
SmallSexyPig https://open.spotify.com/episode/588ZRF6xi6oJZDpgzNIKes?si=52rSBinSReSPd9VWSbuBpA

PAVREIT CEO on BFM this morning. Interesting listen if you have time.
21/02/2023 1:24 PM
YelnatS So you're just a keyboard worrior being here to talk c.ock only lah... Go play far far, dun kakaciaociao...
21/02/2023 5:53 PM
PassionateInvestor @smallsexypig Thanks for sharing. The conversation was very informative and engaging. It's good to know that the CEO is very much aware of his properties even up to minute details like tenants in his least performing property. Kudos too on improving ESG too by using renewable energy.
22/02/2023 8:15 PM
Asia88 Any door gift in pavreit agm previously?
01/03/2023 10:40 AM
speakup Nowadays all ompanies AGM & EGM virtual. No doorgifts
07/03/2023 3:18 PM
LadyRepins Listening to the BFM podcast reveals not much.
Damen remains a works-in-progress, will be a challenge considering the numerous malls in neighbourhood. Yet to be seem how successful their master plan turns out. Potential drag on overall performance.

Pavilion Bukit Jalil will also take long gestation period. Gradually opened late 2021. Many shoplots remain not tenanted/opened. Their stated percentage of tenancy seems doubtful, perhaps window-dressing on tenancy percentage given. Noticed several outlets are temporary in nature and also extended outlets from existing tenants. Their management needs to be more forthcoming with details, not convincing thus far. This mall also has quiet periods on weekdays, too quiet. Weekends quite busy, f&b being busiest. Surely outlets will experience lower sales when compare to their flagship malls. Pavilion Bukit Jalil performance remains to be proven.

07/03/2023 6:22 PM
M55555 investment banker buy call , but now PP coming 2023 to 2025.. Big amount , long time. .......
22/03/2023 10:04 PM

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