Affin Hwang Capital Research Highlights
Axis REIT - Bright prospects
Axis REIT; Buy
Price Target: RM4.05 (Prev RM3.35); AXRB MK
1Q13 in line; revenue growth driven by new properties and rental reversions. 4.5sen DPU declared – as expected. Good growth prospects through potential asset acquisitions and unlocking value in existing assets. Raised DCF-based TP to RM4.05; Maintain BUY.
Source: HwangDBS Research - 23 Apr 2013
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