Equity Analysis /
Malaysia

MY : Sentral REIT - FY20 driven by stronger NPI margin

    Sharizan Rosely
    Sharizan Rosely

    Construction and Infrastructure

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    CGS-CIMB
    19 January 2021
    Published byCGS-CIMB

    FY20 results were above expectations; core net profit rose 20% yoy. NPI margin of 77% for the full-year was stronger than expected. Add retained, with a higher TP; 7-7.2% dividend yield is the main appeal.