Wednesday, July 29, 2015

Affin Hwang Capital Daily Insight (LV) - 29 July 2015 - IGBREIT / AUTO / TENAGA / BAT / MMHE / GTRONICS

Top Calls

Results Note IGB REIT (BUY, maintain)

- Qoq moderated, but within our expectations

IGBREIT
s 2Q15 realized net profit moderated as expected. Despite concerns over retail sales slowdown, we believe that IGB REITs malls will continue to sustain its high occupancy rates, being a key suburban shopping destination. 1H15 key drivers are expansion in NLA and lower expenses. Maintain BUY and TP of RM1.60. 1st interim DPU at 4.47 sen is on track to achieve a 2015E yield of 7%.



For important disclosures, please refer to the Disclosure section at the end of the individual linked research reports.

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