RHBInvest Research

Corporate Highlights

Sunway REIT:

News Update
Buying Putra Place.It comprises a retail podium, an office tower, a five-star hotel, service apartments and penthouses as well as 1,323 car parking bays.
No change in forecasts, pending more details from management. Maintain Market Perform with a fair value of RM1.05.

Glomac:

• 3QFY11 Results
• Strong set of results
• Fair value is raised to RM2.03 (from RM1.93) .We maintain our Market Perform call. The stock would be appealing to investors who are looking for yields.

Adventa:

• 1QFY11 Results
• Hit by high latex prices and weaker US$
• Fair value has been lowered to RM2.17 (from RM3.63).
• We downgrade our recommendation on the stock to Underperform.