Coronavirus impact on YTL REIT seen temporary


AmInvestment Bank Research, in a report yesterday, said YTL REIT has master leases on properties in Malaysia and Japan that provide steady incomes. “At the current price, the stock offers a potential upside of over 20%. Maintain ‘buy’ on YTL REIT, ” it said

PETALING JAYA: The impact of the Covid-19 pandemic is expected to be temporary for YTL Hospitality Real Estate Investment Trust (YTL REIT), with its business set to normalise once the crisis is over.

AmInvestment Bank Research, in a report yesterday, said YTL REIT has master leases on properties in Malaysia and Japan that provide steady incomes.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Business News

CPO futures likely to trend lower next week
Oil ends week lower as demand concerns face Russia supply ban
CapBay empowers SMEs, offers investment opportunities
BFood aims higher amid rising competition
Bearish stance on bonds and currency
Steady outlook for luxury condominium segment
No major change in salaries
Short position: Narrowing of valuation discounts, Food for thought
Long way to go for Malaysian carbon market
CEO shares insights into group’s outlook

Others Also Read