DIVIDEND INVESTING
Building a Dividend Portfolio might not be the main choice of the majority investors in Malaysia. Despite the fact that we should not miss the mega trend of Artificial Intelligent and Smart Power Management, a stable portfolio management that promises 7% dividend income with a probable 7% capital gain may be a consideration for investors who arent able to tolerate volatility in market in long run.
In Feb 24, I’ve started my first shot in PAVREIT, considering the growth possibilities in PAVBJ from the increase in tourists visiting in Msia and growth in their monthly rental rate. I hereby quote the findings under AMINVEST research dated 26th Jan 24.
“In 4QFY23, the average monthly rental rate (MRR) of PBJ was RM9.50 ps while occupancy rate stood at 88% (vs. 85% in 3QFY23). In view of improving occupancy rates and tenant sales attributed to higher traffic footfalls in PBJ, we anticipate that there will be opportunities for PREIT to negotiate for higher rentals in the new mall over upcoming expiry of tenancies in FY24F. As such, we project the average MRR of PBJ to rise to RM10.21 ps in F24F (assuming a rental reversion of 9%) and RM10.40 ps in FY25F (Exhibit 4). Moving forward, PBJ is expected to contribute 24%/26% of PREIT's FY24F/FY26F NPI. To date, PREIT has completed the renewal of a majority of its leases expiring in FY23F, supported by an improvement in retail sales”.
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