Tellimer

MY : Sunway REIT - Back to square one with Covid-19 risks

9MFY21 results were below expectations with core net profit decline of 53% yoy. Key deviation came from lower NPI margin. The group is turning more cautious on the recovery prospects of its retail and hotel assets, triggered by the resurgence of Covid-19 cases. Hold retained with lower TP. FY21-23F dividend yield of 3.4-4.9% as support.


Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers