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

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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.

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