CMCO may impact recovery of REITs

CGS-CIMB predicted a cautious recovery outlook in the second half of 2020 for the retail malls and hotel players and had retained its “neutral” stance on the REIT sector.

PETALING JAYA: Consumer sentiment and domestic travel patterns are likely to turn more cautious after the re-implementation of conditional movement control order (CMCO) and this will have an impact on the recovery of retail and hotel real estate investment trusts (REITs).

CGS-CIMB predicted a cautious recovery outlook in the second half of 2020 for the retail malls and hotel players and had retained its “neutral” stance on the REIT sector.