Takeover rejected

Shark collecting. Those coward selling

"This is mainly becoz they recognise the JQ project as revenue! They haven't even received the money from SBC yet!

Excluding this non-recurring income of RM112m from property development, 2Q15 is actually loss-making!"

We ask her regarding the issue of recognition revenue, it is due to contract term stated by government. They did appeal for reversal and consult for lawyer but in the end they loss. The management do not have intention to inflate the income as they have just received 2mil in cash but they had already paid RM25mil tax due to the recognition. But we are informed they still have 50% of revenue yet to recognition plus upon collection for SBC, they will have additional RM80mil cash. They are negotiating the payment in exchange part of the property instead of cash in order to enjoy recurring income in the future.

We ask Ng, why the recent selldown in Suria, she said recently the company is giving ESOS to the employee. The employee has selldown the share especially in the Hari Raya month. The fundamental is intact especially you can see the gearing is only 0.1.

I went to Ng Kiat Min corporate presentation yesterday in icapital investor day. Listening her presentation, she makes me feels this is the right company to invest for long term. What I like about her is the long sighted of her in the company. The company is continuing seek for recurring income, unlocking tourism opportunity, & expansion port capacity. If you are looking for sustainable investment and growth in revenur for long term then invest in the company. If you are looking a company with strong economy moat i.e 8 port operation in Sabah, where the largest production of palm oil in Malaysia & Seaweed & agrocultral product then invest in this company. I assure you will never sleep so soundly in the night while Suria is working hard with your money. Definitely this is not suitable for trader. I looking forward to attend their AGM in Jesselton Quay upon completion.

doji

What are you talking?
Profit down by 5% but did u see the sales increase?

haikeyila: pordon me. If you breakdown the eps of Pavreit into 4 quarters,
EPS DPS QTR
1.72 3.650 51,955k 2 2013-06-30 2013-12-31 2013-08-01
1.81 0.000 54,272k 1 2013-03-31 2013-12-31 2013-04-24
16.17 3.510 485,898k 4 2012-12-31 2012-12-31 2013-01-18
1.62 0.000 48,738k 3 2012-09-30 2012-12-31 2012-11-05

The the 4th quarter is inflated by property gain. Thus, the high ROE, yeild and EPS could not reflect the true value of PAVREIT.

However, SUNREIT dividend yeild is promising as it is growing steadily all the time.

EPS DPS NTA P/L Quarter Quarter Date Financial Date Announced Report
8.07 2.020 1.1809 228,971k 4 2013-06-30 2013-06-30 2013-08-06 Read
2.03 2.060 1.1146 55,220k 3 2013-03-31 2013-06-30 2013-05-28 Read
2.08 2.190 1.0964 56,122k 2 2012-12-31 2013-06-30 2013-01-23 Read
1.93 2.030 1.0968 52,009k 1 2012-09-30 2013-06-30 2012-10-23 Read
10.34 1.890 1.0968 278,284k 4 2012-06-30 2012-06-30 2012-08-07 Read
1.77 1.870 1.0137 47,554k 3 2012-03-31 2012-06-30 2012-04-25 Read
1.89 1.990 1.0131 50,761k 2 2011-12-31 2012-06-30 2012-02-09 Read
1.64 1.750 1.0140 43,864k 1 2011-09-30 2012-06-30 2011-11-01 Read
5.74 1.620 1.0313 154,057k 4 2011-06-30 2011-06-30 2011-08-11 Read
1.63 1.700 0.9737 43,732k 3 2011-03-31 2011-06-30 2011-05-03 Read
1.69 1.750 0.9745 45,236k 2 2010-12-31 2011-06-30 2011-01-26 Read
11.59 1.510 0.9753 310,638k 1 2010-09-30 2011-06-30 2010-11-10

So it is too early to jump into conclusion that Pavreit high potential.

BTW, this is just my 2cents

from loss to profit making!