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stockMarket Expert's comment on IGBB. All Comments

stockMarket Expert
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3Q18 results and 3rd interim gross DPU of 2.29sen (YTD: 6.91sen) were within expectations. While the lower YoY earnings were due to exceptionally lower interest costs in 3Q17, IGBREIT has maintained its rental income growth as NPI expanded both YoY/QoQ. Our earnings forecasts and DDM-TP of MYR1.85 (cost of equity: 7.6%) are intact. IGBREIT remains as our preferred retail REIT.

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