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Friday, April 4th, 2025
Bursa KLSE stocksMarket Updates

Axis Real Estate Investment Trust (5106): Charting a Path for Continued Growth in Malaysia’s Property Market

Posted on October 4, 2024 at 7:54 am (GMT+8)

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Date of Report

October 3, 2024

Broker Name

CGS International

Company Overview

Axis Real Estate Investment Trust (REIT) operates as a real estate investment trust that focuses on owning and investing in a diversified portfolio of industrial and commercial properties in Malaysia.

Market Outlook

  • Technical Buy Recommendation: The company is currently recommended as a technical buy, indicating potential upward movement in its stock price.

Price Information

  • Last Price: RM1.84
  • Entry Price(s):
    • RM1.80 – RM1.84
  • Stop Loss: RM1.76
  • Target Price(s):
    • Target 1: RM1.98
    • Target 2: RM2.02

Technical Analysis

  • Market Position: The stock has broken above the resistance level of its downtrend channel, suggesting a positive momentum and potential for further growth.
  • Trading Indicators: Prices are currently forming a higher high and higher low structure, indicating bullish sentiment in the market.

Conclusion

Axis Real Estate Investment Trust (5106) is strategically positioned for growth in Malaysia’s real estate market, supported by positive technical indicators and a favorable trading environment.

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