YTL Hospitality REIT buoyed by Australian assets amid Malaysian volatility

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Prices of Malaysian REITs may have corrected by up to 40% in the year-to-date, but several counters that are amply postured for markets overseas are in good stead to ride a future recovery.

Citing statistics from a Maybank Kim Eng commentary after the 14th General Elections, REITsWeek reported on 21 May that prices of Malaysian REITs have dipped between 7% and 37% since the country disposed off its incumbent government.

Read: Maybank Kim Eng sees recovery catalyst for Malaysian retail REITs

Since then, the broader FTSE Bursa Malaysia KLCI barometer has fallen further by as much as 5% on revelation by the new government that Malaysia’s national debt has been under reported by the previous administration.

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