HLIB Research maintains 'hold' call on Axis REIT

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research views Axis Real Estate Investment Trust's (Axis REIT) recent deals to acquire two properties in Kawasan Perindustrian Bukit Raja, Shah Alam, positively due to the higher yield they offer compared to Axis REIT's 6.2 per cent gross rental yield in financial year 2023 (FY23).