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IPO Info Key Data:
Prospectus: THE INITIAL PUBLIC OFFERING OF 1,654,969,300 NEW UNITS REPRESENTING UNDIVIDED INTERESTS IN SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNWAY REIT”) ("OFFER UNITS"), SUBJECT TO THE OVER-ALLOTMENT OPTION ( AS DEFINED IN THIS PROSPECTUS) AND THE CLAWBACK AND REALLOCATION PROVISIONS, COMPRISING:- (I) 1,520,963,700 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY MALAYSIAN AND FOREIGN INSTITUTIONAL INVESTORS AND SELECTED INVESTORS AT THE INSTITUTIONAL PRICE TO BE DETERMINED BY WAY OF BOOK BUILDING (OTHER THAN THE CORNERSTONE INVESTORS), PAYABLE IN FULL UPON ALLOCATION ("INSTITUTIONAL PRICE") ("INSTITUTIONAL OFFERING"); AND (II) 134,005,600 OFFER UNITS MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC AT THE RETAIL PRICE OF RM0.97* PER UNIT, PAYABLE IN FULL UPON APPLICATION ("RETAIL OFFERING") IN CONJUNCTION WITH THE LISTING OF SUNWAY REIT ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD * THE RETAIL PRICE OF RM0.97 PER UNIT IS SUBJECT TO A REFUND, IN THE EVENT THAT THE FINAL RETAIL PRICE IS LESS THAN THE RETAIL PRICE OF RM0.97 PER UNIT. THE FINAL RETAIL PRICE WILL BE THE LOWER OF: (I) THE RETAIL PRICE OF RM0.97 PER UNIT; AND (II) 97% OF THE INSTITUTIONAL PRICE SUBJECT TO ROUNDING UP TO THE NEAREST SEN.   MrKiasu 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 15/09/2023 9:23 PM smartly 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 ? 15/09/2023 10:29 PM hhhiii123 seem like porfolio adjustment by Fund manager, the price may rebound back to 1.50 very soon, grab it if you can, wakaka 16/09/2023 2:41 PM  speakup Aneh sekali, price 1.45 back to COVID lockdown era. Maybe all Sunway malls and hotels shutdown again? 16/09/2023 2:45 PM InvestIcon 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 18/09/2023 8:37 AM  Pinky The only cons I see from disposal of medical properties is reduced diversification 18/09/2023 9:45 AM VerySmartInvestor 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. 18/09/2023 10:08 PM VerySmartInvestor Furthermore, Sunreit can also benefit from switching to higher return assets. This is a win-win deal. 18/09/2023 10:09 PM flyhub888 why reduce diversification if the particular business can generate profit ? 18/09/2023 11:13 PM Pinky @flyhub888 No more rental from medical properties = reduced diversification 19/09/2023 10:39 AM speakup 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 20/09/2023 7:43 AM lee901 Aeon contributed a lot to sunreit earning...without aeon....traffic flow also drop a lot... 20/09/2023 10:07 PM InvestIcon 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 21/09/2023 9:11 AM FetcoveXX (Sunway-REIT) will have an improved earnings outlook from financial year 2024 (FY24) onwards, driven by increased footfall at its malls, helped further by the recovery in domestic tourism and inbound tourists. Kenanga Research said as international and domestic visitors return, alongside tenant sales and footfall recovering to pre-pandemic levels, it is likely that business momentum will continue to sustain. 23/11/2023 5:13 PM speakup https://www.thestar.com.my/business/business-news/2023/12/20/sunway-reits-property-buy-buoys-yield-mix 20/12/2023 2:01 PM ImCK sunreit is blackhorse if target become second largest cap MREIT then sunreit must have 7billion market cap means 20% upside potential minimum 15/01/2024 8:40 PM Kitty Kitty Sunreit has been increasing their portfolio organically. Acquisition of non performing property in the market and then dressing them up entirely yielding higher profit margin once the tenancy is full. Look at the port acquisition. 16/01/2024 7:39 AM Pinky I'm looking forward to a mall by the sea by Sunway. Would be nice to have coffee or beer by the sea 16/01/2024 9:19 AM speakup https://www.thestar.com.my/business/business-news/2024/01/30/sunway-reit-acquires-163-retail-park-for-rm215mil Nice! 30/01/2024 1:13 PM speakup Sunreit fantastic QR! total dividend this year 9.3sen! equivalent to 5.9%! 2x more than FD! today open 1.65? 31/01/2024 7:45 AM speakup https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=144164&name=EA_GA_ATTACHMENTS 31/01/2024 7:47 AM hhhiii123 Sunreit div 9.2cen p.a, share price 1.57, pavreit div 9.2cen p.a, share price 1.30, so which one you should buy,wkaka 31/01/2024 1:26 PM edwiniw https://www.klsescreener.com/v2/news/view/1285785/sunway-reit-plans-asset-improvements-worth-rm1b 01/03/2024 10:40 PM  | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
