Affin Hwang Capital said it was downgrading the Malaysian REIT sector to “neutral” from “overweight”.
PETALING JAYA: The defensive Malaysian real estate investment trust (REIT) sector is expected to report a 14% decline in earnings per unit (EPU) in 2020, in light of businesses being interrupted due to the Covid-19 crisis.
Affin Hwang Capital Research in a report yesterday said the sector is expected to make a recovery in 2021.
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