UOB Kay Hian Research Articles

REITs: 1Q17 Wrap-up

UOBKayHian
Publish date: Mon, 29 May 2017, 10:09 AM
UOBKayHian
0 1,987
An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.

All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my

UOB Kay Hian Securities (M) Sdn Bhd (194990-K)

Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)

Email: contact@utrade.com.my

Sector core net profit grew at slower pace of 0.9% yoy in 1Q17, compared with 3.8% yoy in 1Q16. In our universe, three stocks reported lower net profit (1Q16: one) largely due to major tenant relocation exercises (Pavilion Mall and Suria KLCC) and poor performance at Klang Valley malls (CMMT). Expect flat performance amid rising global interest rate environment. Maintain MARKET WEIGHT on the sector. Top picks – IGB REIT and MQREIT

Source: UOB Kay Hian Research - 29 May 2017