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【PAVREIT 5212 交流专区】柏威年产托
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发表于 26-1-2018 04:33 AM
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Type | Announcement | Subject | OTHERS | Description | Business Overview of Pavilion Real Estate Investment Trust for the 4th Quarter ended 31 December 2017 | The slides as attached provide a business overview of Pavilion Real Estate Investment Trust for the 4th Quarter ended 31 December 2017.
Please refer attachment below.
This announcement is dated 25 January 2018. |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5675901
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发表于 27-1-2018 06:11 AM
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本帖最后由 icy97 于 28-1-2018 06:56 AM 编辑
柏威年产托
2年财测下调
2018年1月27日
分析:马银行投行研究
目标价：1.60令吉
最新进展
柏威年产托（PAVREIT，5212，主板产托股）截至12月杪末季，净利按年下降37.28%至8261万9000令吉，或每单位2.73仙，但仍宣布派发每单位4.28仙股息。
营业额年增10.2%至1亿2944万8000令吉。
累计全年，净利跌20.09%，至2亿4944万7000令吉；营业额年增6.59%，报4亿9000万1000令吉。
行家建议
扣除单次项目，包括重估收益1700万令吉，末季核心净利达6560万令吉，年增20%，推动全年达2亿3240万令吉。
推动核心净利的主要推手，包括大多数广场租用率改善推高租金收入，以及来自梳邦再也大门商场（da:mén USJ）电力供应商的费用或补贴。
我们认为，主要推动该产托内部增长的是柏威年广场，因为出租率和租金持稳，不过却谨慎看待大门商场，预计会面对邻近广场的激烈竞争。
纳入全年业绩表现、年中注入柏威年精英、预计大门商场净利走低，及假设融资利息提高至5.2%后，我们调低2018和2019财年净利预测，分别为6%和1%。
目标价格也调低至1.60令吉，并给予“守住”评级。
【e南洋】
国行升息冲击盈利‧柏威年产托财测下调
（吉隆坡26日讯）柏威年产业信托（PAVREIT,5212,主板产业投资信托组）末季盈利大致符合预期，惟国家银行刚宣布升息，该公司2018年的每单位盈利恐会受影响，潜在并购会是未来获利催化因素。
MIDF研究表示，国家银行昨日宣布升息1个基点或0.25%，柏威年产业信托高达79%贷款属于浮动利率，预测将冲击该公司每单位盈利1.1%。
安联星展研究也指出，零售业营运依然艰辛，租金调整依然平平，下调该公司未来两年财测各8%。
“对比2013年平均15%的租金调整，零售业营运挑战，导致2017年租金调涨已经走跌至4%。在未来2年，我们预测调整幅度约5%左右。”
另外，安联星展补充，精英柏威年（Elite Pavilion）商场收购可能会延迟至2018财年第二季才完成。
MIDF分析，2018年柏威年广场会有14%出租面积将到期，Intermark商场则有20%，柏威年大楼则有37%，仍在管理范围内。预计柏威年商场租金可取中等单位数租金调整，其他资产则获得低单位数调整。
2018获利正常化
但丰隆研究则认为，尽管在2017财年该公司核心获利下挫了1.3%至2亿3210万令吉，原因是Intermark商场和柏威年广场的营运成本和高维修费用走高。
“柏威年广场租客装修和提升工程完成后，预计在2018年该公司获利将正常化。”
丰隆也指出，目前柏威年产业信托的负债率仍维持在25.9%健康水平，旗下4项资产的出租率也企于93.3%稳定水平。
安联星展表示，该公司也拥有大股东持有飞轮海88商场（Fahrenhei t88）的优先购买权（ROFR），该商场面积约30万平方公尺，其估值约6亿至7亿令吉左右。
基于飞轮海88商场位于策略性地点，估算每平方尺租金约为20令吉。
该公司在2016财年完成两项收购，大门和Intermark商场，也开始做出贡献，安联星展预测，在2018年上述两资产出租率能达到90%以及取得3%租金调整，在2018年可取得3680万净产业收入（NPI）。
柏威年产业信托也拥有16万5000平方呎净出租面积办公大楼，仅贡献2%公司营业额和净产业收入，目前出租率约企于98%，对于办公室资产曝险不大。
文章来源：
星洲日报／财经·文：傅文耀·2018.01.26 |
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发表于 18-3-2018 07:35 AM
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发表于 1-4-2018 07:09 AM
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本帖最后由 icy97 于 3-4-2018 12:26 AM 编辑
Type | Announcement | Subject | MULTIPLE PROPOSALS | Description | PAVILION REAL ESTATE INVESTMENT TRUST ("PAVILION REIT") - PROPOSED ACQUISITION; AND - PROPOSED PLACEMENT. | We refer to the announcements dated 27 July 2017, 31 July 2017, 16 August 2017, 30 August 2017, 19 October 2017, 14 November 2017, 30 November 2017, 4 December 2017, 20 December 2017, 16 January 2018, 16 March 2018, 23 March 2018 and 28 March 2018 in relation to the Proposals (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.
On behalf of the Board, CIMB and Maybank IB wish to announce that the Manager has decided not to proceed with the Proposed Placement. The decision is made after taking into consideration the prevailing market price performance of the Units as well as the debt funding option and capacity available to Pavilion REIT.
In light of the above, the Proposed Acquisition will be fully funded via borrowings.
This announcement is dated 30 March 2018. |
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发表于 3-4-2018 04:29 AM
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Type | Announcement | Subject | OTHERS | Description | TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2018 ("QUARTERLY RESULTS") OF PAVILION REAL ESTATE INVESTMENT TRUST | Pavilion REIT Management Sdn Bhd, the manager of Pavilion Real Estate Investment Trust ("Pavilion REIT"), wishes to announce that the Quarterly Results of Pavilion REIT is tentatively targeted for release on Thursday, 26 April 2018.
The announcement is dated 2 April 2018 |
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发表于 3-4-2018 06:30 AM
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发表于 3-4-2018 07:19 AM
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发表于 1-5-2018 06:02 AM
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本帖最后由 icy97 于 5-5-2018 02:40 AM 编辑
SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2018 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2018 | 31 Mar 2017 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 131,510 | 118,941 | 131,510 | 118,941 | | 2 | Profit/(loss) before tax | 65,349 | 57,021 | 65,349 | 57,021 | | 3 | Profit/(loss) for the period | 65,349 | 57,021 | 65,349 | 57,021 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 65,349 | 57,021 | 65,349 | 57,021 | | 5 | Basic earnings/(loss) per share (Subunit) | 2.16 | 1.89 | 2.16 | 1.89 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2795 | 1.3004
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发表于 5-5-2018 03:15 AM
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本帖最后由 icy97 于 7-5-2018 01:09 AM 编辑
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发表于 3-7-2018 12:33 AM
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Type | Announcement | Subject | OTHERS | Description | TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2018 ("QUARTERLY RESULTS") OF PAVILION REAL ESTATE INVESTMENT TRUST | Pavilion REIT Management Sdn Bhd, the manager of Pavilion Real Estate Investment Trust ("Pavilion REIT"), wishes to announce that the Quarterly Results of Pavilion REIT is tentatively targeted for release on Thursday, 26 July 2018.
The announcement is dated 2 July 2018 |
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发表于 27-7-2018 01:01 AM
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本帖最后由 icy97 于 27-7-2018 03:33 AM 编辑
SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2018 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2018 | 30 Jun 2017 | 30 Jun 2018 | 30 Jun 2017 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 135,060 | 120,256 | 266,570 | 239,197 | | 2 | Profit/(loss) before tax | 60,808 | 54,400 | 126,157 | 111,421 | | 3 | Profit/(loss) for the period | 60,808 | 54,400 | 126,157 | 111,421 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 60,808 | 54,400 | 126,157 | 111,421 | | 5 | Basic earnings/(loss) per share (Subunit) | 2.00 | 1.80 | 4.16 | 3.68 | | 6 | Proposed/Declared dividend per share (Subunit) | 4.34 | 3.96 | 4.34 | 3.96 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2996 | 1.3004
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发表于 27-7-2018 01:03 AM
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本帖最后由 icy97 于 27-7-2018 02:04 AM 编辑
Type | Announcement | Subject | OTHERS | Description | BUSINESS OVERVIEW OF PAVILION REAL ESTATE INVESTMENT TRUST FOR THE 2ND QUARTER ENDED 31 DECEMBER 2018 | The slides as attached provide a business overview of Pavilion Real Estate Investment Trust for the 2nd Quarter ended 31 December 2018.
Please refer attachment below.
The announcement is dated 26 July 2018. |
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5866437
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发表于 27-7-2018 01:08 AM
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EX-date | 07 Aug 2018 | Entitlement date | 09 Aug 2018 | Entitlement time | 05:00 PM | Entitlement subject | Income Distribution | Entitlement description | Interim income distribution of 4.34 sen per unit for the financial year ended 31 December 2018, comprising the following: 1. 4.18 sen per unit - taxable 2. 0.16 sen per unit - non-taxable | Period of interest payment | to | Financial Year End | 31 Dec 2018 | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Registrar or Service Provider name, address, telephone no | TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222 | Payment date | 05 Sep 2018 | a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers | 09 Aug 2018 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units) (If applicable) |
| | Entitlement indicator | Currency | Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | 0.0434 | Par Value (if applicable) | Malaysian Ringgit (MYR) 0.000 |
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发表于 28-7-2018 05:27 AM
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本帖最后由 icy97 于 28-7-2018 06:57 AM 编辑
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发表于 14-8-2018 12:01 AM
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Type | Announcement | Subject | OTHERS | Description | PAVILION REAL ESTATE INVESTMENT TRUST ("PAVILION REIT")ACCEPTANCE TO PARTICIPATE IN THE OWNERSHIP OF AN ON-GOING DEVELOPMENT (INVITATION) | The Board of Directors of Pavilion REIT Management Sdn Bhd, the manager of Pavilion REIT wishes to inform that Pioneer Haven Sdn Bhd, a wholly-owned subsidiary of Malton Berhad, had on 8 August 2018 formally invited Pavilion REIT to participate in the ownership of an on-going development comprising one block of retail mall with five (5) levels of retail spaces and two (2) levels of basement parking to be provisionally known as Pavilion Bukit Jalil.
MTrustee Berhad, as trustee for Pavilion REIT had on 13 August 2018 accepted the Invitation for both parties to enter into a non-disclosure agreement to commence due diligence, discussions on method of participation and negotiate relevant terms and conditions.
This announcement is dated 13 August 2018. |
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发表于 15-8-2018 04:18 AM
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发表于 21-8-2018 05:30 AM
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发表于 3-10-2018 03:34 AM
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Type | Announcement | Subject | OTHERS | Description | TARGETED DATE OF RELEASE OF UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30 SEPTEMBER 2018 ("QUARTERLY RESULTS") OF PAVILION REAL ESTATE INVESTMENT TRUST | Pavilion REIT Management Sdn Bhd, the manager of Pavilion Real Estate Investment Trust ("Pavilion REIT"), wishes to announce that the Quarterly Results of Pavilion REIT is tentatively targeted for release on Thursday, 25 October 2018.
The announcement is dated 1 October 2018 |
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发表于 27-10-2018 05:24 AM
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本帖最后由 icy97 于 31-10-2018 04:31 AM 编辑
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2018 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2018 | 30 Sep 2017 | 30 Sep 2018 | 30 Sep 2017 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 141,348 | 121,356 | 407,918 | 360,553 | | 2 | Profit/(loss) before tax | 62,247 | 55,407 | 188,404 | 166,828 | | 3 | Profit/(loss) for the period | 62,247 | 55,407 | 188,404 | 166,828 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 62,247 | 55,407 | 188,404 | 166,828 | | 5 | Basic earnings/(loss) per share (Subunit) | 2.05 | 1.83 | 6.21 | 5.51 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 4.34 | 3.96 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 1.2769 | 1.3004
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发表于 31-10-2018 06:21 AM
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