Equity Analysis /
Malaysia

MY : CapitaLand Malaysia Trust - Returning to normalcy in 1QFY22

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

    CGS-CIMB
    28 April 2022
    Published by

    1QFY22 results were broadly in line; core net profit surged 95% yoy. Operating conditions have improved, though rental reversion remains in negative territory. Rejuvenating SWP is a key focus while eyeing new assets. Reiterate Hold rating and TP (FY22-24F dividend yields of 5-5.6%).