Bursa Malaysia Stock Watch

M-REITs: Downgrade to Neutral - Taking a Breather

kltrader
Publish date: Fri, 13 Jul 2012, 10:26 AM
kltrader
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Following Message
Downgrading to Neutral. Whilst remaining positive over the long-term prospects of M-REITs, we downgrade the sector to Neutral as share prices approach our targets. The sector now trades at 6.8% average gross yield (5% for retail M-REITs), just 10bps below 2012 S-EIT's 6.9% (before 10% withholding tax for foreign institutional investors). The next re-rating catalyst is likely to be the REIT-ing of KLCCP, which may set a new benchmark in cap rates (capital valuation).

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Source: Maybank Research - 13 July 2012
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Discussions
Be the first to like this. Showing 2 of 2 comments

jack_ng

We shall wait and see for the next move, M-REIT is at the high side now. Interested on the coming IGB REIT (Mid Valley and The Garden).

2012-07-13 13:49

jack_ng

Anyone bought the Singapore REIT? I am aiming at FirstREIT, quite a good for dividend and price yield. Also, i believe healthcare REIT is really defensive because of fixed tenant.

http://sgx.i3investor.com/servlets/stk/aw9u.jsp

2012-07-13 13:57

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