Equity Analysis /
Malaysia

MY : IGB REIT - Stronger recovery trajectory in 1QFY22

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

    CGS-CIMB
    28 April 2022
    Published by

    1QFY22 results were above expectations; core net profit grew 49% yoy. NPI margin stayed on an uptrend qoq, backed by improving operating conditions and expected stronger retail sentiment in the coming quarters. Add retained with a higher TP (FY22-24F dividend yields of 5.2-6.4%).