KUALA LUMPUR: Affin Hwang Capital research maintained its buy rating and kept its target price of RM2 on Sunway REIT following a solid set of results in its first financial quarter.
"We favour its diversified asset portfolio, defensive revenue stream, proactive management and strong injection pipeline from its parent company, Sunway Bhd
. "At 5.4% FY20E yield, valuation remains attractive," said Affin Hwang.
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