$SUNREIT / 5176 (SUNWAY REAL ESTATE INVESTMENT TRUST)
Research by MIDF
Buy – TP RM1.81

“Acquisition of Kluang Mall"

• Acquisition of Kluang Mall
• Expanding retail footprint to central Johor
• Earnings forecast revised upwards
• Maintain BUY with a revised TP of RM1.81

Analyst:
Jessica Low Jze Tieng
jessica.low@midf.com.my