Corporate Highlights - 08/03/2010

Property - M-REITs
Sector Update : Expect Imminent Re-rating On Malaysian REITs

Magna Prima
Visit Note : The Gem Under The Radar Screen

Genting Singapore
News Update : Thrills And Spills Await

Market Technical Reading
Daily Trading Strategy : Critical Medium-term Bullish Chart Breakout Underway!

Affin Holdings
Weekly Trading Idea : Bargain Buy Near RM2.70 For A Rally Towards RM3.08

Commodities & Currencies
Weekly Technical Viewpoint : Positive On Commodities But Mixed Outlook On The US$

Corporate Highlights - 08/03/2010

Property - M-REITs : Expect Imminent Re-rating On Malaysian REITs - 08/03/2010

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