Axis REIT gets ratings upgrade
PETALING JAYA: Two brokerages have upgraded their ratings on Axis Real Estate Investment Trust (Axis REIT), as the sentiment on the group’s future earnings turned positive.
Kenanga Research upped its call on Axis REIT by two notches to “market perform”, marking a subtantial change from its earlier “underperform” call. Affin Hwang Capital Research upgraded its recommendation to “buy”.
The revised ratings of both research houses indicated that the stock’s expected total return could likely exceed 10%.
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