Affin Hwang raises target price for YTL REIT


Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

PETALING JAYA: Affin Hwang Capital Research has reaffirmed its “buy” rating on YTL Hospitality REIT Bhd at RM1.19 with a higher target price of RM1.38 (from RM1.32) after incorporating the earnings contribution from its recently-acquired Green Leaf Niseko Village hotel.

The research house said with an initial gross yield of 5.25%, against a borrowing cost of around 1%, it expects the deal to be yield accretive.

Get 30% off with our ads free Premium Plan

Monthly Plan

RM9.73/month

Annual Plan

RM8.63/month

Billed as RM103.60/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , YTL Reit

   

Next In Business News

KLK redesignates Lee Oi Hian as executive chairman
Sunway optimistic of 2024 financial performance
Apex optimistic on healthcare growth prospects
Hong Leong Industries posts higher 2Q net profit of RM102.47mil
Sunway Construction bags contract worth RM720.98mil
Ringgit ends slightly higher versus US dollar and basket of major currencies
Sunway Property aims to achieve RM2.6bil in sales this year
Optimistic outlook for Daythree
Berjaya Food impacted by boycott
Rimbunan Sawit to dispose of agricultural land in Miri for RM165mil

Others Also Read