Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 20 Jan 2014
Pavilion REIT; Buy; RM1.32
Price target: RM1.60; PREIT MK
Closing off a strong year
FY13 profit in line; DPU grew 7% on stronger rental income. Mall fundamentals healthy, expect spillover from 2013 reversions; still has solid asset acquisition pipeline. Maintain BUY rating and RM1.60 TP.
Source: HwangDBS Research - 20 Jan 2014
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