KUALA LUMPUR: Kenanga Research has maintained its "outperform" recommendation on IGB Real Estate Investment Trust
(REIT) on expectations of a rebound in the coming quarters on the back of looser MCO restrictions and effective roll-out of the national vaccination programme.
"The impact of MCO 2.0 will continue to put a strain on retail MREITs as it dampens shoppers’ footfall, car traffic volume and could also result in higher temporary closure of retail shops.
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