Bursa Malaysia Stock Watch

Quill Capita Trust: Maintain Hold - No surprises

kltrader
Publish date: Mon, 16 Jul 2012, 10:59 AM
kltrader
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On track. QCT's 6M12 net profit of MYR17.2m was in line, accounting for 48-49% of our and consensus full-year estimates. Its proposed 4.1sen gross DPS for the 1H 2012 was also within expectations. No change to our earnings forecasts and MYR1.10 TP. Despite its higher-than-average yield of 7.3% (gross) (vs. industry's 6.8%), we maintain our Hold rating on QCT as we see high occupancy risk in office REITs given the current oversupply situation.

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Source: Maybank Research - 16 July 2012
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