Affin Hwang Capital Research Highlights

HwangDBS Research Highlights - 25 Oct 2013

kltrader
Publish date: Fri, 25 Oct 2013, 09:54 AM
kltrader
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This blog publishes research highlights from Affin Hwang Capital Research.

CapitaMalls Malaysia Trust; Buy; RM1.55
Price Target: RM1.95; CMMT MK
Retail still attractive

9M13 realised income was in line with our and street estimates; The Mines outperformed this quarter. Organic growth to drive near-term earnings, but potential acquisitions may be on the horizon. Maintain BUY with RM1.95 TP.
 

IGB REIT; Hold; RM1.22
Price Target: RM1.35; IGBREIT MK
Stable but unexciting

9M13 earnings in line with our and consensus’ expectations. Higher NPI margins q-o-q was the key highlight. Near-term growth mainly organic; major re-rating catalyst later rather than sooner. Maintain HOLD with RM1.35 TP.

Source: HwangDBS Research - 25 Oct 2013

 

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