Quill Capita Trust; Buy; RM1.16
Price target: RM1.35 ; QUIL:MK
Platinum Sentral an opportunity

FY13 net income in line with mild revenue growth and lower non-operating expenses. 8.4sen DPU implies 7% distribution yield. Platinum Sentral sale could boost DPU depending on terms of the asset purchase. Maintain BUY rating and RM1.35 TP.

IGB REIT; Hold; RM1.17
Price target: Under Review (Prev RM1.35) ; IGBREIT:MK
Dampened by higher costs

FY13 net income in line; 7sen DPU implies 6% distribution yield. Higher reimbursement costs dampened strong gains in rental revenues.

Few rerating catalysts in the medium-term; expect downside from assessment taxes and electricity tariffs. Maintain HOLD rating, TP is under review.

Source: HwangDBS Research - 29 Jan 2014