2 batch of my limit orders for IGB reit got triggered just now, anyone know what caused the sudden massive sell off? No news oso

Yea expected retail reits to take a hit as covid situation ramps up. But comparing to Pavreit which also retail reit today drop 3% but Igbreit drop 20%+ just now at lowest.
Ayam not complaining cuz got to accumulate at such a low price but just curious with the low volume selloff

Maybe got insider info Midvalley kena covid🤔🧐but this just my own speculation

Personally I think IGB reit one of the good quality reits in Malaysia. There may be a shopping mall glut in KL but then every weekend go mv oso jam, people still like to go mv shopping, occupancy rate at 99+%

Low gearing of 20+% so no worries about bankruptcy

After this covid passes earnings will be back as usual so at most also 2 quarters kena affected. Anything below 1.60 ayam will gladly accumulate 😃

I had 2 limit orders at 1.63 and 1.49 set up long ago today kena

Then saw the price drop so badly too good to be true so personally buy more at 1.51 😁

Thanks for the kind words!! 😁😁

But as a really young investor it’s really a learning opportunity for me to test my strategies for a bear market and personal risk tolerance. Still got plenty to learn from the sifus here that went thru 2000 & 2008

Paper profit only 😝 don’t plan to flip it just gonna hold to collect rent

Also picked up some sunreit yesterday at 1.52 after gov announce lockdown. Sunreit another counter I planning to slowly accumulate for rent

To acquire those properties they need to raise fund either via debt or equity. Debt is out of the question, their gearing ratio 38ish %, can’t raise enough without exceeding 50% limit. Equity means distribute units, current holders may not be happy about it.

I have a large holding in Igbreit and I Like it bcuz mv and gardens is a cash cow. With the office glut in Kl I don’t want the possible poor performance of offices to pull down their profit from retail. Prefer two different reits with distinct sectors. If I wan pure play of retail/office I can choose either, no need to force me to own properties that I’m not interested in

Tbf, buying PAVREIT=buying pavi mall. Iirc, 94% of their earnings/portfolio value comes from pavi alone. Whenever I do analysis for this reit I tend to ignore the other assets

Balance sheet Pavi KL also takes up 90+% of the asset value. I agree on your comment that the other assets are diluting overall yield, but the effect is rather minute. If trying to predict future growth I would be mainly focusing on the increase of Rev from pavi.

I’m fine with them holding on to intermark, yield aren’t as amazing as pavi but with Trx tower coming up traffic will increase increasing the value Around the area further. Damen really has to go tho it’s been performing horribly

Axreit's earnings seem resilient but the price reflects that, still valued pretty similarly compared to pre-covid. If I were to bet on a recovery play, I'd go with IGB. Price has been heavily discounted past few weeks, and with vaccine rolling out, their earnings would probably be affected only for the next 2 to 4 quarters. I think the moat for IGB is still there for the foreseeable future. Anyone that lives around Bangsar, MV and Gardens is the go to mall to buy stuff. Only competitors I can think of is Bangsar Village area but their offerings there are different compared to MV