In a note on Thursday, the research house maintained its "buy" call on the REIT following its acquisition, with a higher fair value (FV) of RM1.
YTL REIT boasts a total of 10 hotel properties in Malaysia, including hotel chains such as JW Marriott Hotel Kuala Lumpur, The Majestic Hotel Kuala Lumpur and The Ritz Carlton Hotel Kuala Lumpur.
The petitioner, YTL Cement Marketing Sdn Bhd, claimed that Bina Puri had failed to settle a demanded amount of RM1.
The townhouses, with built-ups of 1,559 sq ft, come with a three-bedroom layout and are priced from RM730,000.
YTL Corp also operates in the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
Cream and YTL said the grant is a follow-up to the Memorandum of Understanding (MOU) between the two organisations in April this year, highlighting their shared mission to achieve construction excellence and support of the industry transition to sustainable construction.
In a Bursa Malaysia filing on Tuesday, YTL REIT said the lessees of its AC hotel chain are agreeable to the increase in annual rental for all three hotels amounting to a collective RM2.
Hotel Stripes Kuala Lumpur, Autograph Collection is a five-star hotel, located along Jalan Kamunting in Kuala Lumpur.
On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.
Its property investment and development saw loss before tax narrowed due to the absence of a rental deferral programme which ended June 30, 2022, and the absence of unrealised foreign exchange loss on borrowings denominated in foreign currencies by YTL Hospitality REIT.