Maybank Research said with new tenants - Samanea Malaysia, a subsidiary of Singapore-based Samanea Group, and Jaya Grocer - starting to pay rent after their rent free period ended, it expects operating losses from Glo Damansara shopping mall to narrow in FY4/20.
KUALA LUMPUR: Glomac Bhd
’s earnings for the financial year ending April 2020 is expected to improve on better leasing rates of 74% vs 45% in FY4/18 at Glo Damansara shopping mall, Maybank Investment Bank Research said.
The research house said on Thursday that elsewhere, Glomac’s recent launch of 121 Residences received overwhelming response, with 90% of the 445 units booked/sold.
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