“Our 2020 forecasts have only imputed Axis’ RM439m worth of industrial property development/acquisitions. Beyond the near term, YTLREIT, SunREIT and Axis are our preferred picks for acquisition-play, ” Maybank Research said.
KUALA LUMPUR: Maybank Investment Bank Research is keeping YTL REIT as its top Buy due to its resilient earnings from its Malaysian and Japanese assets, which are on master leases with rental step-ups.
In its research note issued on Friday it said there are also growth catalysts from its three Australian hotels – potentially resulting in higher occupancy rates and/or room rates post refurbishments.
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