KUALA LUMPUR (Jan 20): Maybank Investment Bank Research is positive on Pavilion REIT's latest asset enhancement initiatives.
It said on Friday that Pavilion REIT is transforming the existing TANGS Fashion Lifestyle Store area (68,000 sq ft net lettable area or 5% of Pavilion Mall's total NLA) into a new high street fashion precinct, which will enhance the rental yield.
“Significant contributions should come in from 2013 onwards. No change in our earnings forecasts for now. Our DCF-based TP is unchanged at RM1.10. Hold,” it said.
It said on Friday that Pavilion REIT is transforming the existing TANGS Fashion Lifestyle Store area (68,000 sq ft net lettable area or 5% of Pavilion Mall's total NLA) into a new high street fashion precinct, which will enhance the rental yield.
“Significant contributions should come in from 2013 onwards. No change in our earnings forecasts for now. Our DCF-based TP is unchanged at RM1.10. Hold,” it said.
