KUALA LUMPUR: Affin Hwang Capital research has lowered its earnings forecasts for Sunway REIT but still expects growth in FY20E on higher contribution from certain assets.
The research house made 2% to 5% cuts in the REIT's 2020-2022E EPU on expectation of lower contribution from the hotel segment due to soft market conditions and lower revenue assumptions for Sunway Putra Mall.
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