Maybank Investment remains positive on IGB REIT’s resilient earnings

Trading in IGB shares on the Main Market of Bursa Malaysia will continue to be suspended until completion of the scheme, and delisting of IGB Corp from the official list of Bursa Malaysia.

PETALING JAYA: Maybank Investment Research says IGB Real Estate Investment Trust’s 2Q18 results and second interim net dividend per unit of 2.14 sen are within expectation.

The research house maintained its FY18-20 earnings estimates and target price of RM1.85, while stating that IGB REIT remained its preferred retail REIT pick.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , IGB Reit , Mid Valley ,


Next In Business News

Digi posts net profit of RM304.55mil in 4Q, div of 3.9c/share Premium
FBM KLCI rises slightly ahead of CNY week Premium
Trading in Sime Darby Plantation suspended Premium
Malaysia's external trade surpasses RM2tril in 2021 Premium
UEM Sunrise exceeds 2021 target with RM1.46bil sales Premium
Malaysia's top placing on investment index underscores strong foreign investor confidence Premium
Ringgit opens weaker as US economic data boosts greenback Premium
BHIC appoints independent, non executive director Premium
Axiata's proposed Link Net acquisition to create new synergies Premium
FBM KLCI stays firm as elevated crude prices offer support Premium

Others Also Read