KUALA LUMPUR : Maybank IB Research says that Axis REIT's growth strategy involving the active acquisition of industrial assets remains a plus point for the group's long term growth outlook. In a note today, the research house said that Axis is currently assessing four industrial assets located in Selangor, Pahang, and Johor. Maybank IB currently has a 'hold' rating for Axis REIT with a RM1.70 target price. “We believe long term earnings growth catalysts would come from the Axis PDI Centre and future industrial assets. As at 10:50AM, Axis REIT's shares were last traded at RM1.66.

Source: The Star January 20, 2017 03:06 UTC