KUALA LUMPUR: Maybank Investment Bank Research has lowered its FY19 earnings forecast for MRCB-Quill REIT by 5% but maintained its dividend discount model based target price of RM1.18 after its earnings announcement.
The research house said the 2Q19 core net profit was slightly below its estimate. The 1H19 core earnings were 46%/43% of its/consensus’ full-year forecasts. However, first interim gross dividend per unit (DPU) of 3.43sen was within its expectation.
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