KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) core net profit of RM38.2mil was below CIMB Equities Research’s expectations, accounting for only 23.3% of its FY15 forecast.
The research house said the main variance was the weaker-than-expected revenue from Sg. Wang Plaza, which continues to be plagued by the Mass Rapid Transit works in the surrounding area.
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