Recent selldown presents buying opportunity in IGB REIT

KUALA LUMPUR: There is a buying opportunity in IGB Real Estate Investment Trust (REIT) as its valuations are relatively cheap following the selldown since end-February, says RHB research.

The REIT's share price has declined 20% since end-February to RM1.70 as at the end of Wednesday trading, which brings it closer to its five-year average price-to-book-value.