TWRREIT (5111)

Fundamental analysis

1. There is only 2 building under TWRREIT which is HLA Tower (69% occupancy )and HP Tower (66% occupancy).

2. P/E Ratio : 17.24 / reasonable compare to industrial peers

3. ROE (%) : 3.58 / lower than industrial pears

4. Dividend Yield (%) : 5.78%

5. Dividend Policy (%) : 90

6. YOY revenue in downtrend due to lower occupancy.

7. Major of shareholder is Hong Leong Group.

Technical analysis

1. The counter entered a uptrend counter with strong trend line.

2. Resistance(1) RM 1.19 & Resistance(2) RM 1.244

3. Support(1) RM 1.68 & Support(2) RM 1.127.

4. Save zone to enter during DY become 6% or higher.

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