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

“Better Earnings Outlook for Retail Division"

• 1HFY24 earnings within expectations
• Lower sequential earnings on seasonal factor
• Better earnings outlook for retail division
• Earnings forecast maintained
• Maintain BUY with an unchanged TP of RM1.81

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