Trading ideas: SunREIT, IGB REIT, IGB Commercial REIT, CLMT, Sapura Energy, Samaiden, MFM, Uzma, Avillion and Reneuco

TheStar Wed, Jan 31, 2024 08:32am - 2 months View Original


KUALA LUMPUR: Recent corporate announcements could put the spotlight on SunREIT, IGB REIT, IGB Commercial REIT, CLMT, Sapura Energy, Samaiden, MFM, Uzma, Avillion and Reneuco, said Apex Securities Research.

Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) decreased by 7.2% to RM135.7 million for the fourth quarter ended Dec 31, 2023.

Higher rental income lifted IGB Real Estate Investment Trust’s (IGB REIT) NPI by 9.08% to RM115.24 million for 4QFY2023 from RM105.64 million recorded in the same period a year earlier, as it posted a 6.6% rise in revenue to RM158.47 million from RM148.71 million previously.

IGB Commercial REIT logged an NPI of RM32.86 million for 4QFY2023, 20.51% higher than the RM27.27 million recorded a year earlier, as revenue increased by 15.13% to RM56.92 million from RM49.44 million previously on higher average occupancy rate of properties.

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