Maybank Kim Eng advises ‘Buy’ on Sunway REIT after 3Q results


Maybank Kim Eng has reiterated its ‘Buy’ rating on Sunway REIT, in the wake of the latter’s 3Q FY2018 results.

Sunway REIT has reported a third interim gross distribution per unit (DPU) of 2.37 sen for the period, which Maybank Kim Eng described on 4 May as "within estimates".

The REIT also reported net profit of MYR69.9 million (USD17.8 million), excluding fair value gain from derivative financial instrument of MYR500,000.

To read the full article, please login or subscribe.


Comments are closed.