In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.
PETALING JAYA: The Malaysian real estate investment trust (Reit) segment is expected to record a modest net profit growth of 6% this year, given the lack of compelling catalysts in the near term.
In a report yesterday, UOB Kay Hian Research said net profit grew 9.8% in 2017, adding that the Reit sector growth in 2018 should come mainly from Axis Reit, as it will recognise the contribution of Axis Mega development.
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