Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 29 Jul 2013
Axis REIT; Buy; RM3.45
Price Target: RM3.80; AXRB MK
Still a long-term growth story
Two acquisitions lined up for tail end of 2013, to coincide with a unit placement. Acquisition potential still intact. Cut FY13-15F EPU by 6-13% but maintain BUY with lower RM3.80 TP.
Source: HwangDBS Research - 29 Jul 2013
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