Sentral REIT's 3Q24 Core Profit Of RM21 Million Prompted BUY Call From Analysts
Sentral REIT's 3Q24 Core Profit Of RM21 Million Prompted BUY Call From Analysts
As such, Maybank IB has raised its FY24E net profit forecasts by 4%, following a revision in operating expenses with an unchanged TP of 89 sen.
Both Maybank Investment Bank Bhd (Maybank IB) and RHB Investment Bank Bhd (RHB Research) have maintained a BUY recommendation for Sentral REIT, with a target price (TP) of between 89 sen and 91 sen.
馬來亞銀行投資銀行有限公司（Maybank IB）和RHB投資銀行有限公司（RHB研究）均維持對Sentral REIt的買入建議，目標價（TP）介於89仙至91仙之間。
The BUY recommendation from Maybank IB is based on Sentral REIT's third quarter of 2024 (3Q24) net profit of RM20.5 million that met expectations while RHB Research's positive sentiment resulted from the REIT's dividend yield of around 9% for FY25F and stable earnings outlook.
馬來亞銀行投資銀行的買入建議是基於Sentral REIT在2024年第三季度（3Q24）達到預期的淨利潤2050萬令吉，而RHB研究的積極情緒源於REIT在2025財年（FY25F）約9%的股息率和穩定的盈利前景。
Maybank IB said Sentral REIT's growth in revenue was primarily attributed to the acquisition of Menara CelcomDigi in December 2023 and the new tenancy at Sentral Building 4.
馬來亞銀行投資銀行表示，Sentral REIT營業收入的增長主要歸因於2023年12月收購Menara CelcomDigi和Sentral Building 4的新租約。
As such, Maybank IB has raised its FY24E net profit forecasts by 4%, following a revision in operating expenses with an unchanged TP of 89 sen.
因此，馬來亞銀行投資銀行已將其2024財年預測的淨利潤提高了4%，隨着營業費用的調整而目標價保持在89仙不變。
Meanwhile, RHB Research said the decrease in tenancy at Menara Shell gives Sentral REIT a more secure outlook, despite the slight dip in occupancy from 89% in December 2023 to 84% in June 2024.
與此同時，RHB研究表示，Menara Shell的租約減少使Sentral REIt擁有更加安全的前景，儘管從2023年12月的89%下降到2024年6月的84%。
Moving forward, analysts expect Sentral REIT to explore potential opportunistic divestments and acquisitions, which could further enhance its portfolio.
分析師預計Sentral REIt將繼續探索潛在的有利可圖的出售和收購交易，這可能進一步增強其投資組合。
Additionally, the potential disposal of Wisma Sentral Inai, a vacant asset, remains a key re-rating catalyst. If sold, the proceeds could be used to reduce borrowings, potentially improving earnings by up to 8% and reducing gearing, which would open up opportunities for new acquisitions.
此外，Wisma Sentral Inai的潛在出售作爲空置資產仍是一個關鍵的再評級催化劑。如果出售，所得款項可用於減少借款，可能將盈利提高最多8％並降低槓桿率，從而爲新收購創造機會。
