Highlights
KLSE: PAVREIT (5212)       PAVILION REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
1.45   -0.02 (1.36%)  1.43 - 1.47  469,400
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Overview

Market Cap: 4,413 Million
NOSH: 3,043 Million
Avg Volume (4 weeks):307,750
4 Weeks Range:1.41 - 1.60
4 Weeks Price Volatility (%):
21.05%
52 Weeks Range:1.35 - 1.82
52 Weeks Price Volatility (%):
21.28%
Average Price Target: 1.57
Price Target Upside/Downside: +0.12

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2020 [#3]  |  22-Oct-2020
Next QR | Est. Ann. Date: 31-Dec-2020  |  23-Jan-2021
T4Q P/E | EY: 29.16  |  3.43%
T4Q DY | Payout %: 3.93%  |  114.71%
T4Q NAPS | P/NAPS: 1.2659  |  1.15
T4Q NP Margin | ROE: 32.52%  |  3.93%

Headlines

Date Subject
05-Dec-2020 传林晓春砸1亿 买下白沙罗高原Plaza Batai
03-Dec-2020 Property & REIT - 3Q results largely below expectations
16-Nov-2020 柏威年值得持有?
29-Oct-2020 Pavilion REIT- Still Cautious on Near-term Outlook
24-Oct-2020 Pavreit 3Q2020 Quater Report
23-Oct-2020 【行家论股/视频】柏威年产托 疫情反扑前景挑战
23-Oct-2020 Pavilion REIT - Unexciting Outlook
23-Oct-2020 Pavilion Reit - Long-Term prospects Remain Intact
23-Oct-2020 Pavilion REIT - 9MFY20 Below Expectations
23-Oct-2020 Pavilion REIT - Still Cautious on Near-term Outlook
06-Oct-2020 MREITs - Sticking To Conservative Valuations
09-Sep-2020 M+ Online Technical Focus - 9 September 2020
09-Sep-2020 Daily Market Update - 9 Sept 2020
03-Sep-2020 Property & REIT - After a Near-stagnant 2Q20; Expect Strong Rebound in 2H
13-Aug-2020 Property Sector - SC to Increase M-REITs’ Gearing Limit to 60% Till 31 Dec 2022
30-Jul-2020 Pavilion REIT - 2Q20 Likely the Bottom
24-Jul-2020 【行家论股/视频】柏威年产托 仍缺重大催化剂
24-Jul-2020 Pavilion REIT - Hopeful for Silver Lining Ahead
24-Jul-2020 Pavilion REIT - Earnings Dragged by Rental Rebates
24-Jul-2020 Pavilion REIT - 1HFY20 Revenue Falls 39% But Pavilion Mall KL Occupancy Remains Strong

Business Background

Pavilion Real Estate Investment Trust is a Malaysian property investment company. Properties are located both domestically and in other countries within the Asia-Pacific region. The company generates the majority of revenue from leasing properties to its tenants. Pavilion REIT operates through two segments: retail and office. The retail segment delivers the vast majority of company revenue. Major retail tenants include fashion stores, dining venues, department stores, and supermarkets. Property and consultancy offices lease most of the lettable area in the office segment, followed by technology providers, financial institutions, and construction companies.
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  3 people like this.
 
necro crisis come but reit
26/10/2018 8:39 PM
bose00 at this period of time this is a safe haven... BUY
14/12/2018 3:47 PM
Yapyapty PAVREIT will drop to 1.47 soon
04/03/2019 10:56 AM
LATO' SELI Today , 1.81 year high
22/03/2019 3:03 PM
bktay123 cheers
22/03/2019 3:09 PM
LATO' SELI Sell first, nx wk collect again
22/03/2019 3:11 PM
ZeaXG Solded at 1.81, no more pavreit liao. Can enjoice this weekend :yea
22/03/2019 3:54 PM
David Teh Sold 1.81 all stock.
22/03/2019 5:38 PM
David Teh What happen today? Inject new prop?
22/03/2019 5:38 PM
LATO' SELI Still keep some; for attending AGMs
25/03/2019 8:25 PM
Eklee Love attending AGMs need how many lots???
26/03/2019 11:21 AM
Yapyapty 我在1.84出完咯。谢谢散户收票
27/03/2019 5:42 PM
Johnfatt big boy joins no wonder suddenly surged up, thanks EPF i will be back
29/03/2019 9:12 AM
JunJun Prudential has moved in new office in Damen
18/06/2019 1:10 PM
MK4872 what happen today? it jump up 0.11 all of a sudden....
21/06/2019 5:00 PM
tresselemyidol @MK4872 once or twice a year thing, think of it as window dressing or a bonus to whoever lucky enough to catch it when it happens (me not so lucky hahaha)
21/06/2019 11:11 PM
MK4872 well.....lucky me then. Been holding for the past 6 mth
24/06/2019 8:35 AM
Mabel Everywhere is RED SEA...

Here is still steady...

See you at RM 2.50

Cheers!
07/08/2019 12:59 PM
MK4872 UOBKH target to hit 2 only but i dont mind if hit 2.50 also geh
07/08/2019 3:22 PM
RainT now REIT share price is at the peak

and so many IB and analyst hu ha hu ha about REIT

now its too late to buy REIT

I bought it few months ago when nobody talk about REIT

haha
14/08/2019 10:01 AM
RainT now other than share price capital gains, also have dividend

good
14/08/2019 10:01 AM
JunJun Don't think this sell off will last, OPR outlook still weak
09/01/2020 5:40 PM
JunJun Damen mall building new cinema
09/01/2020 5:41 PM
RainT i have confident on PAVREIT

will hold this for long term for dividend

now my dividend yield of PAVREIT is 10%
07/02/2020 3:48 PM
Kensington Looks like there is institutional buying @1.72 near the close of trading. Up 4 sen.
07/02/2020 5:00 PM
meiling0809 wxf !
will it affect the share price since GSC changes to Dadi (回春)?
07/02/2020 5:02 PM
RainT haha

so naive

change of just a tenant will affect share price ?
18/02/2020 4:27 PM
RainT there are lots more other tenant

PAVREIT not only have GSC rent all the place la

besides, shift of tenant, so is means that rental income should have up a little than the previous tenant

if not why want to shift out?

PAVREIT mall is among the top mall in KL area
18/02/2020 4:28 PM
Nighelanghelo those working in BB post some photo lah... how deserted the area become now... how the bank office worker lunch ah.. tapau to cubicle ah?
23/03/2020 10:25 PM
samk FNB and parking lot is empty .. they r losing millions on this .. nobody dare to go out now .. its already quiet before the covid cases spike.. its becoming worse now ..
06/05/2020 1:38 PM
lsmpro888 will head to the place to check out myself later .. see whats the happning now at pavillion.. seems the patron slowly increasing.. from words of mouth..
15/05/2020 10:06 AM
cm2401 Pavreit proving to be very resilient. Rebounding quite well
26/05/2020 2:51 PM
orange11 price is very steady
26/05/2020 6:35 PM
reitpulse PAVREIT main asset, Pavilion Kuala Lumpur Mall has been doing relatively well pre Covid-19. The mall plays a huge role in PAVREIT performance. The remaining assets performance are either declining (Da Men Mall) or too early to look at. But nevertheless, these assets play a smaller role individually to the overall portfolio of PAVREIT. The uncertainty of COVID-19 and its impact on the economy will definitely be an area investors should be wary of.

http://reitpulse.com/pavreit-2019-performance/
06/06/2020 10:43 PM
foo Slowdown in tenant demand, reevaluation of office space usage expected in coming months — KPMG International
KUALA LUMPUR (June 24): The pandemic has disrupted the office landscape, which will face a challenging time in the months ahead, according to KPMG International’s “Real Estate in the New Reality” webinar on June 23.
The event was moderated by KPMG International global real estate advisory leader and KPMG Netherlands head of real estate advisory Sander Grunewald. The speakers and panellists were KPMG International global head of asset management and global chairman of real estate Andrew Weir, KPMG France head of real estate and hotel sector Régis Chemouny, KPMG UK real estate deal advisory partner Sarah Hayes, KPMG Finland global strategy group director Sarah Sipilä and KPMG Germany head of asset management and real estate Hans Volckens.
“It is natural to anticipate a significant slowdown in tenant demand after three months of working remotely. For office spaces in the short term, the actual use of spaces will be different, as social distancing might be required for a longer period, with [fewer] people in the offices in the coming months,” said KPMG France’s Chemouny.
“In the medium term, companies will seek to develop closer relationships with landlords, negotiating for short-term agreements. The younger generation will also feel less enthusiastic working from home as they want to be trained by more experienced people,” added Chemouny.
KPMG Finland’s Sipilä opined that players should understand the landscape disruption. Office spaces are more important nowadays as companies battle for talent and seek to offer working spaces to enhance employees’ engagement and productivity. Tenants are considering how much space they need and where, and this makes the creation of value in offices by landlords difficult.
Meanwhile, KPMG UK’s Hayes said high density locations are currently facing additional challenges given the volume of people that they need to transport and keep safe.
Those managing office complexes will have to navigate difficult and detailed discussions about controlling lifts access and capacities and cleaning and sanitation of common areas. Hence, friction will emerge between landlords and tenants as vacant or underutilised space raises the question of value, and what tenants should pay during an economic crisis,” said Hayes.
He added there is a concern that the preference for location might be driven more by the need to support an existing workforce and where the workforce lives, rather than a longer-term strategy. Consequently, flexible office spaces are expected to face more challenges in terms of location and specific demands.
“The landscape further out will be driven by the pandemic, but there is a need for flexible space and flexible terms to support existing businesses as they adapt, and new businesses will emerge through the crisis. This extent of the challenge is whether this will be a temporary or permanent trend,” said Hayes.
In the retail market, there will be significant consolidation in tenants as boutique stores close and retain chains extend. “It is expected to see significant changes up and down the high street in the coming months, and a discrepancy between players who are able to reinforce their online presence, by using innovative tools such as augmented reality. As for smart cities/future of cities, a new way of working and travelling should be adopted for retail stores in central business districts or outskirts of cities,” said KPMG France’s Chemouny.
KPMG’s Germany Volckens noted that physical retail is often highly regulated whereas online retail is usually more flexible and highly tax efficient. “In the case of Germany, online retailers are not taxed on the same basis as physical retailers. Hence, it is necessary to remove the tax burdens on physical retailers to level the playing field and maintain retail in inner cities to keep them fit and vital.”
In terms of environmental, social and governance considerations, Volckens reckoned that the current discussion is evolving as the discussion built prior to Covid-19 and the economic rationale are now different. This is because several properties have to be redesigned and high capital expenditure is required to transform these properties into sustainable buildings for regulated investors to invest in.
“There may be danger in higher vacancies, lower rents and prices in office spaces and, as such, people have to inject money in older properties and [it] will be a burden for owners to cope with the transformation and achieve the regulatory inquiries of institutional investors,” added Volckens.
24/06/2020 4:42 PM
foo S&P: Credit measures for some sectors may take until 2022, 2023, and beyond, to fully recover
KUALA LUMPUR (June 25): While businesses around the world are starting to reopen, albeit unevenly, after coronavirus-driven lockdowns, credit measures for some sectors may take until 2022, 2023, and beyond, to fully recover, said S&P Global Ratings.
In a report titled "COVID-19 Heat Map: Post-Crisis Credit Recovery Could Take To 2022 And Beyond For Some Sectors," S&P Global Ratings highlighted regional recovery estimates by sector for 2020-2021 compared to 2019.
It said some industries, notably those that involve groups of people in close proximity (e.g., cruises, airlines, airports, gyms, theaters, restaurants, retail, etc.), may not return to prior levels of revenue for several years.
It said for some industries, such as enclosed retail malls, it could be several years, if ever, as distancing measures and the recession may accelerate consumer shifts to other channels.
S&P said government intervention and short-term work programs have dampened the effects of a near halt in business activity in many regions.
The agency said while service employees are returning to work, it may take several years for unemployment levels to return to pre-crisis levels.
The pace and stability of employment recovery will feed into consumer sentiment, business confidence, and corporate investment plans, it said.
“Many industries that were facing a high degree of fixed costs or drastically lower revenue (or some portion of both) were forced to dip into cash balances or borrow to fund operations.
“While revenue for these sectors may recover as soon as next year, a full recovery of credit metrics will take longer as companies dig out of the higher debt load they now carry,” it said.
25/06/2020 11:45 AM
TheEdgeMarkets Post removed. Why?
20/07/2020 3:34 PM
B A Target RM1.30. Buy now and regret later
03/08/2020 10:22 PM
OldWiseMan100 Post removed. Why?
21/09/2020 9:28 AM
Nighelanghelo target RM1 dps 3sen DY 3%
16/10/2020 10:29 AM
陈国荣 Da men mall can't make money. Is a problem
21/10/2020 2:23 PM
investfuture Pavreit 3Q2020 Analysis

chinese:
https://vitamincash.com.my/zh_CN/2020/10/24/pavreit-3q2020-quater-report/

english:
https://vitamincash.com.my/en_US/2020/10/24/pavreit-3q2020-quater-report/
24/10/2020 1:09 PM
limkokthye no tourist, covid everywhere, who want to go shopping?
10/11/2020 11:14 PM
foo Selangor topped the list with 337 cases, followed by Kuala Lumpur with 178 cases, while Putrajaya did not record new cases today.
07/12/2020 11:13 AM
fortunefire This reit only relies on Bukit Bintang mall. rental very high so many tenants may not wanna renew their contracts. Not sure if it is good to hold, or change to other stocks.
06/01/2021 2:28 PM
fortunefire surprisingly performed better than sunreit yesterday.
13/01/2021 9:58 AM
traintobullland Pavilion caters to high-end brands and consumers, this itself makes it fundamentally strong
15/01/2021 4:37 PM
traintobullland Waiting for a rebound once vaccination starts and pandemic is under control
15/01/2021 4:38 PM
traintobullland Branded goods will stick to physical store to provide the experience to customers
15/01/2021 4:39 PM
traintobullland Plus, the price is closer to 52 week low compared to 52 week high now, room for rebound is bigger
15/01/2021 4:40 PM


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