KUALA LUMPUR: CIMB Equities Research is maintaining its Add for Axis REIT's (Axis) and expects stronger earnings in the fourth quarter while more newflow on its news acquisitions should catalyse the stock.
The research house said on Thursday Axis’ 3QFY14 core net profit of RM19.2mil brought its 9MFY14 core net profit to RM61.9mil, which makes up 62% and 64% of its and consensus full-year estimates, respectively.
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