Analysts still favour IGB REIT despite lowering earnings forecasts
RHB Institute Research said it continues to like IGB REIT for its solid recovery prospects upon mass vaccinations and the broad reopening of the economy as well as considering its fully tenanted retail assets, strategic rental structure, and largely domestic shopper profile. The local research house kept its "buy" call on the REIT with an unchanged target price (TP) of RM1.95.