KUALA LUMPUR: Affin Hwang Capital research has raised earnings forecasts on Sunway Real Estate Investment Trust (REIT) on lower finance costs following Bank Negara's recent rate cut.
The research house, which has a "hold" recommendation on the REIT, raised its FY21-22 EPU forecasts by 2% to 3% to incorporate the 20 to 25 bps reduction in its finance costs.
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