NorthernStarspecial dividend or bonus coming? maybe.....
15/09/2023 6:22 PM
MrKiasuI 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
smartlyif 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 ?
hhhiii123seem 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
speakupAneh sekali, price 1.45 back to COVID lockdown era. Maybe all Sunway malls and hotels shutdown again?
16/09/2023 2:45 PM
bullrun2025Any bad effect due to sunway medical centre disposal?
17/09/2023 7:21 PM
InvestIconSMC 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
PinkyThe only cons I see from disposal of medical properties is reduced diversification
18/09/2023 9:45 AM
VerySmartInvestorAs 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
VerySmartInvestorFurthermore, Sunreit can also benefit from switching to higher return assets. This is a win-win deal.
18/09/2023 10:09 PM
flyhub888why reduce diversification if the particular business can generate profit ?
speakupSunreit 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
lee901Aeon contributed a lot to sunreit earning...without aeon....traffic flow also drop a lot...
20/09/2023 10:07 PM
speakup@lee901, lu cakap pa ni? this weekend lu pigi pyramid, lu tengok!
21/09/2023 7:41 AM
InvestIconI 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
hhhiii12315 Sep sharp drop is caused by EPF 11mil shares acquisition, lol
21/09/2023 8:55 PM
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.
ImCKsunreit 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 KittySunreit 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
PinkyI'm looking forward to a mall by the sea by Sunway. Would be nice to have coffee or beer by the sea
