Kenanga Research said the potential value to be extracted had been moderately priced in by the market.
PETALING JAYA: The recent run-up in the share prices of real estate investment trusts (REITs), coupled with the hunt for tenants in specific segments of the market, is prompting a re-evaluation of REITs by analysts.
Analysts at Kenanga Research and Hong Leong Investment Bank Research (HLIB Research) said they would be employing a stock-picking strategy given the lofty valuations of REITs under their coverage.
