April 17, 2012

AXREIT - Stronger rental income

Stock Name: AXREIT
Company Name: AXIS REITS
Research House: HWANGDBSPrice Call: BUYTarget Price: 3.05



Axis REIT; Buy; RM2.73
Price Target: RM3.05 (Prev: RM2.75); AXRB MK

1Q12 net profit in line; declares 4.3 sen DPU. Nudged up FY13-14F earnings by 2-4%. Maintain BUY rating; raised TP to RM3.05.

Source: HwangDBS Research - 17 April 2012

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