Malaysian REITs A Good Defensive Play, RHB Research Says (The Star)
June 30, 2022 – Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector as a defensive play due to its “guaranteed” rental income.
However, RHB Research maintained its “neutral” rating on the sector, noting that it is “not there yet” and encourages investors to pick those with quality assets as it remains a tenant’s market.
The research house named Axis Real Estate Investment Trust (Axis-REIT) and IGB REIT as its top picks for the sector.
“We like Axis-REIT as it is a key player in the booming industrial segment, benefitting from the rise in eCommerce,” RHB Research said in its latest report.
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