reports
- Nurul Nazira Binti Abdullah
Sunway REIT (SREIT MK) - 2Q24: Within Expectations
2Q24: Within Expectations Within expectations. Sunway REIT (SREIT) reported 2Q24 revenue of RM175.6m (-1.7% qoq, +5.4% yoy) and net profit of RM79m (-9.3% qoq, +9% yoy). Cumulatively, 1H24 net profit of RM165.9m (-1.6% yoy) largely made up 45-46% of our and consensus’ forecasts. We deem the result in line as we expect a full quarter’s contribution in 2H from the six recently acquired Giant Hypermarkets (note that there was only two months’ contribution in 2Q) as well as the commencement of the n...
Sunway REIT (SREIT MK) - 1Q24: Within Expectations
1Q24: Within Expectations Within expectations. Sunway REIT (SREIT) reported 1Q24 revenue of RM178.6m (-0.4% qoq, -2.3% yoy) and net profit of RM87m (+11% qoq, -10% yoy), accounting largely for 24% of our and consensus’ forecasts. No dividend was declared, in line with its semi-annual distribution policy.
- Nurul Nazira Binti Abdullah
Sunway REIT (SREIT MK) - SREIT Acquires 163 Retail Park In Mont Kiara ...
SREIT Acquires 163 Retail Park In Mont Kiara For RM215m Sunway REIT (SREIT) has proposed to acquire 163 Retail Park, a freehold prime retail mall centrally located at Mont Kiara, Kuala Lumpur for a purchase consideration of RM215m from YNH Property Berhad (YNH). The mall is 94% occupied with over 100 tenants across a wide array of tenancy mix serving an affluent captive market catchment with high purchasing power. The mall was completed in Dec 18 and has a tenant mix of businesses comprising gro...
- Nurul Nazira Binti Abdullah
Sunway REIT (SREIT MK) - 3Q23: Results Boosted by Strong Hotel Perform...
3Q23: Results Boosted by Strong Hotel Performance Above expectations. Sunway REIT (SREIT) reported 3Q23 revenue of RM175.8m (+6% qoq, +6% yoy) and core net profit of RM92m (+27% qoq, +0.1% yoy). Cumulative 9M23 core net profit of RM261m (+2.4% yoy) accounted for 75% and 78% of our and consensus’ forecasts respectively. We deem the results above expectation on a seasonally stronger 4Q ahead, partly offset by one quarter’s revenue loss from the disposal of Sunway Medical Center (net property incom...
SUNWAY REIT sees an upgrade to Slightly Positive due to a better funda...
The general evaluation of SUNWAY REIT (MY), a company active in the Real Estate Holding & Development industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 1, 2022, the closi...
1 director sold
A director at Sunway Real Estate Investment Trust sold 19,400,001 shares at 1.680MYR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over th...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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