News about Pavilion

Pavilion Real Estate Investment Trust (July 29, RM1.

KUALA LUMPUR (July 29): Rental income from DaMen Mall and Intermark Mall, which Pavilion Real Estate Investment Trust (PavREIT) acquired at end-March, lifted the trust’s net property income (NPI) for the second quarter ended June 30, 2016 (2QFY16), by 13.

KUALA LUMPUR (July 20): CapitaLand Malaysia Mall Trust (CMMT) share price hit a one-year high of RM1.

CONTRARY to the expectation of most economists, Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points to 3% last Wednesday, following its counterparts from Indonesia, Singapore and Taiwan.

KUALA LUMPUR (May 24): Ho Hup Construction Company Bhd, which saw its earnings slip 5% in the first quarter ended March 31, 2016 (1QFY16), has trimmed its profit after tax (PAT) growth target to between 15% and 20% for FY16, in view of the continued slowdown in the property market.

Pavilion Real Estate Investment Trust (April 29, RM1.

KUALA LUMPUR (April 29): Pavilion Real Estate Investment Trust’s (REIT) net property income (NPI) for the first quarter ended March 31, 2016 (1QFY16) stood at RM75.

INVESTORS are showing interest in real estate investment trusts (REITs) again, judging by the recent increase in their market capitalisation.

Malaysian real estate investment trust (M-REIT) sector Maintain overweight: We currently maintain “overweight” on the sector and continue to prefer retail M-REITs (Pavilion REIT and IGB REIT) over non-retail or diversified M-REITs.

SHAH ALAM (April 6): Fresh from completing two major asset purchases recently for RM646.