KUALA LUMPUR: Affin Hwang Capital research maintained its buy rating and kept its target price of RM2 on Sunway REIT following a solid set of results in its first financial quarter.
"We favour its diversified asset portfolio, defensive revenue stream, proactive management and strong injection pipeline from its parent company, Sunway Bhd. "At 5.4% FY20E yield, valuation remains attractive," said Affin Hwang.
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