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.
On September 29, 2024, Earth will experience an amazing astronomical occurrence as a new "mini-moon" visits our planet momentarily for…
The choice of Singapore to apply flexible work schedules (FWA) represents a major change in its work culture to fit…
Still one of the most disastrous natural disasters striking numerous countries all around is flooding. Often driven by combining topographical,…
As Vietnam gets ready to install ten new underwater cables by 2030, the United States is pushing Vietnam to rethink…
Recently unearthed information on North Korea's nuclear bomb manufacturing has heightened world worries over Supreme Leader Kim Jong Un's possible…
Prime Minister Fumio Kishida formally said that Japan will start negotiations for an economic partnership deal with the United Arab…
This website uses cookies.
Read More