HLIB is maintaining a “neutral” stance on the sector with its top pick being Axis REIT. It attributes this to the stock’s strong resiliency throughout the pandemic driven by increased popularity in industrial properties, high occupant tenancy in its diversified portfolio and also one of the few shariah compliant REITs.
PETALING JAYA: The real estate investment trusts (REITs) sector is on a growth trajectory owing to e-commerce growth and the current low interest rates.
Many economists are of the view that based on the current economic situation, the key benchmark interest rate will be maintained at 1.75% for the year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
