KUALA LUMPUR: Kenanga Investment Bank Research expects a weaker fourth quarter for KLCC Stapled Group as the re-emergence of Covid-19 cases in the Klang Valley will impact the retail and hospitality segments.
"We expect additional rental assistance and weaker reversions (flattish from low single-digit) for the remaining leases up for expiry in FY20-21, as well as lower hotel occupancy of 20% (vs. 35%) in FY20 and 45% (vs. 55%) in FY21," it said.
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