News by AllianceDBS%20Research

We believe the NPI margins will improve once management has rebranded and realigned the assets.

EcoWorld’s balance sheet is expected to remain healthy and accommodative for its aggressive expansion plans.

Excluding the newly acquired Tropicana City Property, CMMT’s portfolio shopper traffic improved by about 9.4% y-o-y in 3Q16, marking a turnaround in the visitor footfall downtrend in the previous year.

Sales of the Battersea Power Station project in London, which contributes 49% of its RM8.2 billion unbilled sales, have slowed down considerably in the aftermath of Brexit.

We believe more launches in Kajang 2 will be rolled out in financial year 2017, riding on the healthy demand for affordably priced landed properties in Kajang and Semenyih.

Pavilion REIT’s core asset is the 1.3 million-sq ft net-lettable-area (NLA) Pavilion Kuala Lumpur mall, located strategically in the heart of the Bukit Bintang shopping district in Kuala Lumpur. The premium profiling and location have led to a strong average rental rate of above RM20 per sq ft, as well as justified its premium valuation over other large-cap Malaysian REITs.

Pavilion REIT is likely to continue its acquisition trail with the soon-to-be-completed Pavilion Extension.

For the third quarter ended Sept 30, 2015 (3QFY15), headline net profit of RM86 million brought cumulative nine-month (9MFY15) net profit to RM150 million.

IGB REIT owns Mid Valley Megamall and The Gardens Mall, located just outside Kuala Lumpur city centre. The adjoining malls are prime shopping hotspots, with consistently near-full occupancy.