Maybank IB keeps Axis REIT as top sector pick

KUALA LUMPUR: Maybank Investment Bank Research has maintained Axis Real Estate Investment Trust (REIT) as its top sector pick following its second quarter results that were in line with expectations.

The research house, which has a "buy" call on the sector and a target price of RM2.20, said its earnings assumptions were unchanged with near-term EPU and DPU growths mainly driven by new assets, stable portfolio occupancy and some positive rental reversions.