Hong Leong Investment Bank’s (HLIB) research unit said, taking a cue from the National Recovery Plan, it expects to see a reopening recovery for malls in phase three (September to October) and hotels in phase four (November to December).
PETALING JAYA: There will likely be a temporary weaker earnings trend for the real estate investment trusts or REITs segment on the whole but not all sectors are expected to be affected by the same quantum, nor recover at the same time.
REITs, which owns malls for instance are expected to suffer more than those which own office and industrial buildings, given the strict lockdown of malls during this Covid-19 pandemic.
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