KUALA LUMPUR: CIMB Equities Research is maintaining an Outperform recommendation on Pavilion REIT and raised the target price from RM1.42 to RM1.55.
“At 77% of both our and consensus full-year numbers, Pavilion REIT's 9M12 core net profit trumped expectations, especially since 4Q should be even stronger due to Christmas retail sales and a full quarter's contribution from the new Fashion Avenue,” it said on Tuesday.
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