YTL Hospitality REIT is acquiring Majestic Hotel for RM380m under a proposed sale-and-leaseback agreement, which is expected to be DPU-accretive in FY18E onwards. Meanwhile,

Top Calls

Results Note - YTL Hosp REIT (BUY, maintain) - Earnings accretion from Majestic Hotel YTL Hospitality REIT is acquiring Majestic Hotel for RM380m under a proposed sale-and-leaseback agreement, which is expected to be DPU-accretive in FY18E onwards. Meanwhile, YTLREIT had also signed a rental revision agreement with the lessees of Ritz Carlton (Kuala Lumpur) for a RM65m capex incurred. We have revised our Price Target from RM1.38 to RM1.55, maintain BUY.

Other Calls

Results Note - Oceancash (BUY, maintain) - 1Q17 results in line with expectations

Results Note - HSS Engineers (BUY, maintain) - Seasonally slow quarter

Results Note - Pintaras Jaya (BUY, maintain) - Earnings rebounded, margins improved

Results Note - KPJ Healthcare (BUY, maintain) - 1Q17 in line with our expectation

Morning News & Market Summary

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