PETALING JAYA: The slump in the price of crude oil is hurting tenants at Petronas Twin Towers and Menara ExxonMobil, but for owner KLCC Property Holdings Bhd (KLCCP), the buildings’ full occupancy rates and long-term leases mean its outlook is secured.
Maybank Investment Bank Research said in a report that it was positive on KLCCP’s near to mid-term outlook as earnings were still largely backed by its offices’ long-term and triple net leases.
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