KLCCP could see higher rentals from transformed Parkson space

KUALA LUMPUR: The reconfiguration of the Parkson space in Suria KLCC may unlock value for KLCC Property Holdings Bhd as smaller sized tenants generally command a higher rental per square foot, says RHB research.

The research house maintained a buy call on the stapled group and revised its earnings forecast on KLCCP Stapled higher by 1% to 2% to reflect the incremental rental from the reconfigured rental space.

"Correspondingly, our DDM-based TP is increased to MYR8.62 following our earnings revision," it said.