Moving ahead, RHB expects the newly reconfigured space in Suria KLCC, which would welcome smaller speciality stores, to prop up earnings following the movement control order (MCO) and despite delays to the progress of Phase 2.
PETALING JAYA: Despite a slight dip in earnings in the first quarter, RHB Research continues to be bullish on KLCCP Stapled Group Bhd on the back of its quality assets and deep pockets.
“The stability of the office segment and initiatives within retail and management services have mitigated the toll COVID-19 has taken on the hospitality unit in 1Q20, ” said the research house in its latest report.
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