(C)Forbes
Last updated on May 13th, 2021 at 06:07 am
KUALA LUMPUR – Malaysian real estate investment trusts (MREIT) are expected to take a hit as steep as 14% decline in earnings as investors dump stocks in a rush to liquidate in a effort to weather the storm in the markets.
The movement control order’s impact were also felt on rental payments among tenants as well as extending the lockdown beyond March.
“It is still in early stages. Stakeholders are not so worried about the two weeks [of the MCO implementation until the end of March] compared with the possibility of an extension,” said the analyst.
“We are cutting the MREITs’ FY20-22E EPU by 3-14%,” Affin Hwang Capital research reports on Monday.
However, Affin Hwang said that recovery are expected in 2021 but the outlook may yield of 5.6% has led it to downgrade the sector to neutral from overweight.
Movement control order also affected retailers in Malaysia as the government temporarily shuts down non essential business premises for two weeks to avoild the spread of the virus. For essential supplies and services shops, we are expected to see lower spending forcast during this period.
For K-pop fans, the Christmas season this year has become even more magical as several of their preferred stars reveal…
After Suzy Bae's nomination as Celine's worldwide ambassador, the venerable French luxury fashion company has taken another bold step choosing…
Thousands of users of the well-known social network Reddit were left without access after a major outage of the website.…
Anne Hathaway is slated to play the much expected film version of Colleen Hoover's best-selling book Verity in front of…
Gucci is ready to change its presentation approach for 2025 in a radical action aimed to revolutionize the fashion industry.…
As world investors wait for significant changes that might solve long-standing problems of governance and responsibility in South Korea's companies,…
This website uses cookies.
Read More