Expect imminent re-rating on Malaysian REITs (M-REITs). Although M-REITs (+31% since Dec 08) have underperformed KLCI (+46.5%) and Singapore REITs (64.3%) due to higher base, we still like M-REITs due to their natural defensive qualities and solid property market fundamentals. These make them an excellent asset class in the current volatile market environment. In our view, the M–REITs sector, though still at an early stage, is at an inflection point, following the footsteps of its more established peer, the Singapore REITs.
Property - M-REITs : Expect Imminent Re-rating On Malaysian REITs - 08/03/2010
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