Interest rate cut gives fillip for Malaysian REITs

Back home, it is clear the Securities Commission (SC) has a few achievements to be proud of this year.

PETALING JAYA: The overnight policy rate (OPR) rate cut, coupled with proposed measures for mature Malaysian real estate investment trusts (M-REITs) to diversify their investment options, such as embarking on property development, is giving a boost to the otherwise staid sector.

Property stocks including M-REITs enjoyed a brief run-up on Wednesday but remained muted yesterday, although interest in the latter group is expected to emerge following the issuance of a consultation paper by the Securities Commission (SC) on 16 proposals “to facilitate growth of the maturing M-REITs market”.