Sunway REIT cut to hold at TA Securities; price target RM1.88

TheEdge Fri, Feb 15, 2019 09:44am - 5 years View Original


KUALA LUMPUR (Feb 15): TA Securities Holdings Bhd analyst Wendy Chiann Wen Thiam downgraded the recommendation on Sunway Real Estate Investment Trust to hold from buy.

* Price target (PT) set to RM1.88, implies 8% increase from last close. Sunway REIT average PT is RM1.81.

* Sunway REIT had 7 buys, 6 holds, 0 sells previously: Bloomberg data

* Analysts haven't changed their consensus one-year target price for the stock in the past six months. Forecasts range from RM1.65 to RM1.95. 

Performance Metrics

* Investors who followed Thiam's recommendation would have received a 4.8 percent return in the past year, compared with the 7.5 percent return on the shares.

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