Maybank Kim Eng sees recovery catalyst for Malaysian retail REITs

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Prices of Malaysian REITs have dipped by between 7% and 37% in the year-to-date (YTD) for 2018, but recovery may be in sight as a new Malaysian government takes the helm.

Malaysians woke up to a new administration on 10 May after the ruling Barisan Nasional coalition, which had ruled over the country since 1973, was defeated in shock election results.

The new government is now led by a former Prime Minister, Mahathir Bin Mohamad, who moved swiftly to fulfil his election promise of scrapping the highly unpopular goods and services tax (GST).

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