We discovered lately MREITS are adjusting downward and increase selling across the board even with better result.
Part of the reason we believe is expectation of world interest trend changes upward. Further more also reducing REITS profit at loan cost. Foreign funds also continue selling for better yield.
But we think this is an opportunity and we added especially YTLREIT that has a better profile on portfolio hedging against RM weakness if any. We added YTLREIT again at RM 0.910.