Source From (Business Times): http://www.btimes.com.my/Current_News/BTIMES/articles/20120426100711/Article/index_html
Published: Monday April 26
MIDF Research upgraded Sunway Real Estate Investment Trust (Reit) to
"buy" after the latter’s latest earnings result exceeded market
expectations.
“Our forecast had underestimated the growth of the hospitality
segment which had surprisingly registered commendable growth in a
challenging economic environment,” the broker said in a research note on
Thursday.
MIDF raised its target price for Sunway Reit to RM1.39 per share
from RM1.36 previously, while it lifted the Reit’s earnings forecast for
the fiscal year ending June 30, 2012 by 6 percent.
By 10am , Sunway Reit shares rose 2.42 percent, outperforming the
Malaysia’s benchmark stock index that climbed 0.08 percent. -- Reuters
No comments:
Post a Comment