菜宝钱包(caibao.it)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台、usdt跑分平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt无需实名寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键无实名出售Usdt。

首页社会正文

哈希竞彩游戏(www.hx198.vip)_Malaysian REITs a good defensive play

admin2022-07-0513

哈希竞彩游戏www.hx198.vip)采用波场区块链高度哈希值作为统计数据,游戏数据开源、公平、无任何作弊可能性,哈希竞彩游戏开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏源码下载、出售。

,RHB RESEARCH named Axis Real Estate Investment Trust (Axis-REIT) and IGB REIT as its top picks for the sector.

PETALING JAYA: Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector as a defensive play due to its “guaranteed” rental income.

However, RHB Research maintained its “neutral” rating on the sector, noting that it is “not there yet” and encourages investors to pick those with quality assets as it remains a tenant’s market.

The research house named Axis Real Estate Investment Trust (Axis-REIT) and IGB REIT as its top picks for the sector.

“We like Axis-REIT as it is a key player in the booming industrial segment, benefitting from the rise in eCommerce,” RHB Research said in its latest report.

Meanwhile, the research house likes IGB REIT for its prime assets, domestic shopper profile and a relatively high turnover rent portion, which will benefit from an increase in retail sales.

“We think inflationary pressures will be the key risk, moving forward, as customers’ purchasing power will be affected but the RM10,000 Employees Provident Fund (EPF) withdrawal should help to boost spending up until the third quarter of this year (3Q22),” it added.

With market’s expectation of further overnight policy rate (OPR) hikes until 2023, the yield spread will likely remain at unattractive levels, according to the research house.

Currently, yields for Malaysian REIT (MREIT) stocks covered by the research house average at about 4.4%.

“The increasing bond yield from the expected rate hikes has led to the yield spread between MREITs and bond yields to compress to an all-time low of about 12 basis points (bps).

“This is following the 72bps increase in the bond yield year-to-date and shrinking MREITs’ dividend yields following the recent share price movement for MREITs,” it added.

The research house, however, expects a marginal change of up to 1.8% in earnings for a hike of 25bps to the OPR, as higher finance costs will lead to earnings being compressed marginally.

“The MREITs under our coverage with the highest proportion of floating rate loans are Pavilion REIT and Sunway REIT, whereas IGB REIT’s loans are almost all on fixed terms,” it noted.

Despite the research house turning more positive on the outlook for REITs, its “neutral” call was in line with the structural overhang and near-term macroeconomic headwinds.

It expects rental reversion to remain in the low-single digit range, given the influx of retail space coming into the market this year.

Despite the narrowing yield spread, RHB Research believes the stable dividend yield and the estimated double-digit earnings growth for financial year 2022 (FY22), due to the low base in FY21, are good reasons for investors that are looking for a flight to safety.

网友评论

1条评论
  • 2022-07-05 00:09:41

    牛仔裤简洁大方的造型时尚又百搭,更加服帖带来与众不同的时尚气息,既温暖又保持苗条的身材曲线,显得整个人更加干练利落看起来挺拔迷人,上身效果光彩夺目。牛仔裤看起来有很好的显高效果,穿出属于自己的完美气质,还能展现出你优雅的时尚品位,牛仔的装扮是那么的美丽动人,还相当美动减龄,让你尽显曼妙风姿,令人眼前一亮。总感觉还能更好看