IGB REIT 3Q earnings, gross DPU within expectations
We continue to favour near-term organic rental income growth from Mid Valley Megamall and The Gardens Mall due to their prominent locations with wide catchments and high footfall traffic.
Higher FY20 earnings expected for Sime Darby Property
Maybank IB Research: Buy with a largely unchanged target price (TP) of RM1.26
Portfolio diversification seen for Sunway REIT
Maybank IB Research: Maintain buy with a target price (TP) of RM1.85.
Highest-in-industry sales seen possible by S P Setia
Despite the challenging property market environment, S P Setia remains confident of achieving the highest-in-the-industry sales target of RM5 billion for 2018.
Earnings for AEON from property management seen to be resilient
Maybank IB Research: Our FY18 to FY20 earnings estimates are unchanged as previously we have not imputed any earnings impact from the aforementioned court case pending its final outcome.
Gamuda FY18 earnings in line with expectations
Financial year 2018 (FY18) core earnings growth was supported by higher construction work recognition and record property presales of MYR3.59 billion in FY18.
Stronger y-o-y rental income growth likely for IGB REIT for 3Q
Turnover sales account for about 12 to 15% of IGB REIT’s rental income.
Tambun Indah’s 2Q-3Q margins expected to improve
Management is keeping its RM150 million sales target for 2018 for now.
IGB REIT seen to gain from improved consumer sentiment, spending
This was largely attributed to the malls’ prominent location with high shopper traffic and wide catchment areas which, in turn, sustained high demand for the malls’ retail space and rental rates.
Australasia region seen as key growth driver of Sime Darby industrial ops
The cancellation/deferment of major infrastructure projects such as the HSR and KVMRT3 and uncertainties surrounding the East Coast Rail Link were major hits for the construction sector.
