Maybank Investment Bank Research is neutral on Sunway
PETALING JAYA: Sunway Real Estate Investment Trust
’s (REIT) net profit for the second quarter ended Dec 31 fell 6.4% to RM66.4mil.
Revenue dropped 1.4% to RM139.5mil, largely due to softer market conditions within the hospitality market, where revenue was 22.8% lower with an overall hotel portfolio occupancy of 69%.
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