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Sunway REIT Likely To See Strong Earnings (The Star) July 20, 2022 – (from The Star) Sunway Real Estate Investment Trust (Sunway-REIT) is expected to stage a strong recovery in earnings on the back of higher shopper footfall and tenant sales. Following a virtual meeting with the company, MIDF Research said it gathered that shopper footfall …

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Tower-REIT To Offer Customisable Layouts (The Star) July 13, 2022 – (The Star) Tower Real Estate Investment Trust (Tower-REIT) is offering customisable office layouts for prospective tenants at Menara HLX in Jalan Kia Peng, Kuala Lumpur. In a statement yesterday, Tower-REIT, which owns the building, said it will be offering the highly customisable office layouts …

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Malaysian REITs A Good Defensive Play, RHB Research Says (The Star) June 30, 2022 – Despite the current global inflationary environment, RHB Research is turning more positive on the real estate investment trust (REIT) sector as a defensive play due to its “guaranteed” rental income. However, RHB Research maintained its “neutral” rating on the sector, …

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KLCCP Stapled Group’s Q1 Revenue Rises On Strong Rebound Of Business Activities KLCCP Stapled Group reported a 13.9% increase in revenue to RM321.7 million (US$73.24 million)with Profit Before Tax (PBT) increasing 15.3% to RM202.5 million (US$46.10 million)against quarter one, last year, for the first quarter ended March 2022, reflecting a strong rebound in business activities. …

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