January 19, 2012

Pavilion REIT (Hold): A Malaysia retail icon

Stock Name: PAVREIT
Company Name: PAVILION REAL ESTATE INV TRUST
Research House: MAYBANKPrice Call: HOLDTarget Price: 1.10



A class of its own. Pavilion REIT's (PavREIT) key attraction lies in its asset portfolio and the jewel in its crown, Pavilion Kuala Lumpur (KL) Mall. Strategically located in the heart of Kuala Lumpur's prime tourist and shopping district, this mall caters predominantly to the upper middle to high income group, and is one of only 4 prime retail malls in the country. We initiate coverage on PavREIT with a Hold rating and RM1.10 DCF-based target price. It currently trades at a 5.5% yield.

Maybank research (19 January 2012)

Click here for full report

No comments:

Post a Comment