CGS-CIMB Research stays Neutral on REITs due to CMCO


It said on Thursday it retained Add for Axis REIT due to positive rental reversion outlook (FY20F: +2%) and asset acquisition pipeline.

KUALA LUMPUR: CGS-CIMB Equities Research is keeping it Neutral stance on the real estate investment trust (REIT) sector given the cautious recovery outlook in 2H20F for the retail malls and hotel players, brought about by the conditional Movement Control Order (CMCO).

It said on Thursday it retained Add for Axis REIT due to positive rental reversion outlook (FY20F: +2%) and asset acquisition pipeline.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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REITS , CMCO , CGS-CIMB Research , Axis REIT , IGB REIT

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