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Hi Alex, Frankly MRCB will not keen on privatising its reits. After all they are the key shareholders whom built and sold its properties (buildings) for reits in mind. Besides, it would be extremely tough to dispose all these 10 highly diversified buildings/properties assets. Sentra REIT is still a profitable company though the stock price doesn’t reflect its NTA value.
Looking at their last 3 QRs, the Mgmt is religiously attempting to diversify its portfolios to non-building assets like acquiring the Arcoris mall last year. With that in mind, its portfolio occupancy 89% remains relatively stable with a manageable debt level, looking forward the future is brighter and better off than before. Personally I think they are the right track to gain better footing for future growth…
From the filings, EPF (up its stake to 6.716%) keeps acquiring the stocks in huge volumes… no wonder the price is rising steadily without retreating much… These fund managers surely have advantages over others for…
After MRCB became the major shareholder, the price has never back to the previous levels. The present management has a tougher time to deal with the current market conditions and its portfolio. They did successfully get rid of the Sentral Inai after stuck for a long long time. As a result, the debt level has improved and they keep the fund for future acquisition.
Now the mgmt needs rigorously and diligently to add more quality non-office buildings so as to have a good mix of properties. I believe they are seriously searching for a good quality non-office property now. And hopefully they will succeed before year-end. Then the price will gradually move upward…
Wow!! Big sharks are selling blue chips particularly 2 giant banking stocks in huge volume right before lunchtime for profit taking and month end closing