KLCC Property; Buy; RM5.66
Price target: RM6.50 (Prev RM8.55) ; KLCCSS:MK
Prime assets are unparalleled

Dayabumi refurbishment progressing well; new tower and triple net lease to drive revenues. Strong asset pipeline to fuel long-term
growth. Cut FY15-17F distributions by 10-11% after removing Suria injection assumption. Maintain BUY with SOP-based RM6.50 TP.
 

Sunway REIT; Buy; RM1.26
Price target: RM1.60 ; SREIT:MK
Resilient despite a tough market

1HFY14 results in line; SMC and Pyramid drove revenue growth; 2.23sen DPU implies 99% payout. Retail segment stable, pressures on office and hotel assets. Maintain BUY rating and RM1.60 TP.

Source: HwangDBS Research - 27 Jan 2014