Tiong Nam REIT market cap may hit RM528.6mil

Slight improvement: HLIB expects Tiong Nam’s financial year 2017 earnings to increase slightly by 0.3 to RM54.7mil year-on-year.

PETALING JAYA: Tiong Nam Logistics Holdings Bhd’s warehouse real estate investment trust (REIT) listing could potentially fetch a market cap of RM528.6mil, said Hong Leong Investment Bank (HLIB).

The research house said in a report that the amount would translate into a value of 50 sen a share.