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Home / Capital / Brokers Calls

'Buy' IREIT Global as it builds scale and resilience: RHB

Broker's Calls

'Buy' IREIT Global as it builds scale and resilience: RHB

Atiqah Mokhtar Published on Fri, Aug 27, 2021 / 4:24 PM GMT+8

RHB Group Research analyst Vijay Natarajan has reiterated his “buy” call for IREIT Global with a higher target price of 74 cents in a research note dated August 27.

His target price has increased to 74 cents from 70 cents previously. “Valuation is attractive with the REIT trading at 0.8 times P/BV,” he says.

See also: KGI initiates coverage on iREIT Global with 'outperform', target price of 69 cents