90sen is institutional price i think. Retailer price is 88sen.
Anyhow, jatuh ler...

Can taikor explain why SUNREIT drops on its first listing...very disappointing to those investors who had successfully applied during IPO.

Btw, is it advisable to buy SUNREIT if compare to other reits in terms of dividend yield & capital appreciation?

Thank you.

Can buy SUNREIT straight from market, no need susah susah apply liao.

Ya, already expected, posted week ago.

A lot of investors still cannot change the mindset that getting IPO is not guaranteed to make money or when list time, the market price must be higher than IPO.
Even for ordinary shares, a handful of are listed below its IPO price.

Especially if the yield is not attractive than existing reit out there.

What is Sunway yield now based on current price?

+-7.6% wah...

Closed at 0.875...wonder at what price should be deemed reasonable...current yield around 7+%

My personal target price: 0.82

Around 8% will be attractive enought.

But I don't like one of its portfolio, Sunway Carnival.
(My personal opinion only)

Any reason ?

Sunway Carnival don't really have much shoppers. Feel quite empty there also.

Normally, shopping mall in Penang won't last long except Gurney

Location is not strategic.
Crowd is low
Not fully occupied.

Nearby got 3 shopping mall around, while too many hypermarket surround also, one of the mall is in dying shape.

Population at there area is not high.

Don't get me wrong, it is a nice mall, but crowd is not there due to population and spending power is low at there area.

So I don't expect this mall can do very well, main reason, wrong location to start with vs Capitaland's Gurney Plaze in island, which always crowded, and higher spending power there.



This post has been edited by cherroy: Jul 8 2010, 02:37 PM

Thanks for the info (very hard for us east malaysian to see whats happening over there ). . By way, will the distribution for SUNREIT be quarterly or half yearly ?

Sunway Carnival is ok lah, so far can see all the shop lots occupied. Parking is also very full during weekend. Will go there once a month or so. At least it is better compared to Pinang Megamall and Aeon Seberang Prai, those two are really waiting to close shop already. The only problem is that the mall is quite smallish, and also the anchor tenants have little floor space. The sunway hotel next to it, is also have quite low occupancy, but it's cheap. You will be surprised people living on the mainland is lazy to go to the island, as you have to pay RM 5.60 plus it is too crowded & jam here and there.

---

Added on July 8, 2010, 5:47 pmQueensbay is giving gurney a run for it's money, used to favor gurney, but nowadays prefer Queensbay as it is bigger, with better layout and tenants. Gurney is quite cramped especially at the LG floor, now modern shopping mall emphasize a lot more open areas compared to maximizing retail space. Gurney is more of the latter, but it is trying to expand.

This post has been edited by gark: Jul 8 2010, 05:47 PM

Manage to get some QCAPITA@1.01 today

This post has been edited by whizzer: Jul 8 2010, 07:00 PM

I also got some QCapita at 1.01 yesterday!
Also today, got some ARReit at 0.845!
I want to put more % of my portfolio to less risky Reits!

I checked in the online match record for QCAPITA that the selling party was JPMORGAN.
Foreign fund exiting

This post has been edited by whizzer: Jul 9 2010, 04:47 AM

STABILISING ACTION

SUNWAY REAL ESTATE INVESTMENT TRUST (SUNWAY REIT)
In accordance with Section 9(2) of the Capital Markets and Services (Price
Stabilisation Mechanism) Regulations 2008, RHB Investment Bank Berhad, as
Stabilising Manager, has purchased the following units in Sunway REIT:
Date of purchase : 8 July 2010
Number of units purchased : 16,000,000
Price range of purchases : RM0.875 to RM0.89
The full text of this announcement is available in the enclosed attachment.
This announcement is dated 9 July 2010.
You are advised to read the full contents of the announcement or attachment at
http://www.bursamalaysia.com.

Learn something new today, there is such thing as regulatory called "Stabilizing Action".

If it need stabilizing action,common sense will say its in trouble

Hope someone can help me to clear this out.

I bought the IPO SunwayREIT thru Maybank2u. The IPO listing price is 0.970 and my transaction is successful.

But the opening is at 0.88. The balance will auto transfer back to my maybank2u online?

Now the worse part is I check my share portfolio thru Maybank2u stock online, is not there. I called maybank to check and they told me I need to wait for a letter from Bursa in 14 days to confirm whether the transaction is successful or not.

Now my $ is gone & also stock also none. So I have to wait for 14days from 8/7 or the due date of 30/6?