Thong’s top pick for the REIT sector is YTL REIT, saying it offers a proxy to the vibrant hospitality industry in Australia under the Marriott brand name, which has an attractive yield of more than 6% and more than half of its net property income backed by stable master leases.

He has a ‘buy’ call on the stock, with a fair value of RM1.35. YTL REIT units closed one sen higher at RM1.19 on Jan 2, 2019, bringing a market capitalisation of RM2.03 billion.