Sunway REIT Recalibrates Strategy Focusing On Core Strengths
Sunway REIT Recalibrates Strategy Focusing On Core Strengths
Additionally, the company will continue to focus on neighbourhood malls, which serve local communities with their food and beverage and service offerings. Recent acquisitions, including 163 Mall and Kluang Mall, boast high occupancy rates and strong net property income yields. The REIT anticipates these properties will generate mid-single digit rental reversions.Sunway REIT has recalibrated its strategic roadmap, TRANSCEND 2027, with a renewed focus on its core strengths in the retail sector. The revised strategy involves a shift away from its previous target of balancing its portfolio with a significant portion in services, industrial, and foreign properties. Instead, Sunway REIT will now seek strategic opportunities across different sectors without imposing specific targets. This adjustment aims to enhance the REIT's ability to secure yield-accretive acquisitions through both organic and inorganic means.
Sunway REIt已經重新調整了其戰略路線圖 TRANSCEND 2027，並將焦點重新放在零售行業的核心優勢上。修訂後的策略涉及遠離以前的目標，即平衡股票組合中的一大部分服務、工業和外國房產。相反，Sunway REIt現在將尋求跨不同行業的戰略機會，而不設定具體目標。這個調整旨在通過有機和非有機手段來增強REIT獲得收益增長的收購能力。
In light of these changes, RHB Stock Broking House has maintained a BUY call on Sunway REIT, with a new target price of RM1.92, reflecting a 16% upside potential and an estimated yield of around 7% for FY25F. Analysts highlight that the REIT's recalibrated strategy positions it well for future growth by allowing more flexibility in acquiring yield-enhancing assets.
鑑於這些變化，RHb證券經紀公司對Sunway REIt發出了買入的看漲呼叫，並給出了一個新的目標價，爲1.92令吉，反映了16%的上漲潛力和預計25財年約7%的預計收益率。分析師們指出，REIT重新調整後的戰略使其在未來的增長中處於有利地位，通過在獲得增加收益的資產方面獲得更大的靈活性。
Sunway REIT's emphasis on expanding its presence in Malaysia's retail sector remains intact. The REIT plans to invest in various categories within retail, including "regional malls" and "neighbourhood malls." Regional malls, such as the Sunway Carnival Mall in Penang, cater to populations within a 50km radius and offer large net lettable areas. The upcoming Sunway City Ipoh Mall, slated to open in mid-2027, exemplifies this strategy and is expected to contribute significantly to the REIT's growth.
Sunway REIT強調擴大其在馬來西亞零售行業的存在。該REIt計劃在零售業內投資，包括「區域性購物中心」和「鄰里購物中心」。區域性購物中心，例如檳城的雙威嘉年華購物廣場，面向50公里半徑範圍內的人口，提供大規模淨租賃面積。即將於2027年中開業的怡保雙威城購物中心是該戰略的典範，並預計對REIT的增長做出重要貢獻。
Additionally, the company will continue to focus on neighbourhood malls, which serve local communities with their food and beverage and service offerings. Recent acquisitions, including 163 Mall and Kluang Mall, boast high occupancy rates and strong net property income yields. The REIT anticipates these properties will generate mid-single digit rental reversions.
此外，該公司將繼續專注於鄰里購物中心，以其餐飲和服務產品爲當地社區提供服務。近期收購的其中163購物中心和居鑾購物中心，擁有較高的入住率和強勁的淨物業收入回報率。REIt預計這些物業將產生中等以上的租金回顧率。
The strategic shift and portfolio adjustments come amid evolving market dynamics, including compressed yields for industrial properties. The recalibration of TRANSCEND 2027 is expected to provide the company with greater flexibility and opportunities for growth, positioning it favourably in the current market environment. The new strategy and acquisitions align with Sunway REIT's goal to enhance its asset base and yield, thus supporting its long-term objectives.
戰略轉變和投資組合調整是針對不斷變化的市場動態而進行的，其中包括工業物業的收益率壓縮。TRANSCEND 2027的重新調整預計將爲公司提供更大的靈活性和增長機會，使其在當前市場環境中處於有利位置。新的戰略和收購與Sunway REIT增強資產基礎和收益的目標相一致，從而支持其長期目標。
Source: RHB
Title: Recalibrating TRANSCEND 2027; Maintain BUY
來源：RHB
標題：重新校準TRANSCEND 2027；保持買入
譯文內容由第三人軟體翻譯。
