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Affin Hwang raises target price for YTL REIT


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.

Stocks Analysis , YTL Reit

   

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