CMMT Reits. Property Co. Steel Cos. on my radar

CMMT just posted their maiden earning of Q eps of 6 sen. Assuming quarterly earnings can be maintained and with annualised PER of 10, fair value Fv = 6 x 4 x 10 = RM2.40
Comparatively AXreit, UOAreit, Qcap, ARreit, STAreit have PER ranging from 11 to 13. So CMMT is a buy for me at RM1.09

Sunrise (nta RM 2.21, Q eps 7.8 sen ) Assume PE 10, Fv = 3.12
Suncity (nta RM5.21, Q eps 15 sen ) Fv = RM 6.00
DNP (nta RM 2.35, Q eps 6 sen ) Fv = RM 2.40
Hunza (nta RM 2.30, Q eps 7 sen ) Fv = RM 3.20

Lion Ind (nta RM 4.25, Q/Q eps 10/11/12/17 sen ). Trading at PE of 4
MaSteel (nta RM 2.12, Q/Q eps 7/5/3/4 sen ). Trading at PE of 5
Kinsteel (nta RM 0.89, Q/Q eps 2/4/2/1 sen ). Trading at PE of 11
Leader (nta RM 1.25, Q/Q eps 4/3/2/3 sen ). Trading at PE of 8