KUALA LUMPUR: Kenanga Research said the near-term outlook on IGB REIT remains uncertain given the resurgence of Covid-19 cases despite FY20 outperforming expectations.
In FY20, IGB REIT's realised net income of RM236.8mil was 109% and 110% of Kenanga's and consensus estimates respectively. It anticipated weaker 4QFY20 results due to the spike in Covid-19 cases.
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