KLCCP office segment still stable

KLCCP Stapled Group’s earnings for the third quarter of 2021 could come under pressure as the retail and hospitality sectors continue to face headwinds from the ongoing Covid-19 pandemic.

KUALA LUMPUR: KLCCP Stapled Group’s earnings for the third quarter of 2021 could come under pressure as the retail and hospitality sectors continue to face headwinds from the ongoing Covid-19 pandemic.

Kenanga Research said in a report yesterday that the group’s main revenue driver, the office segment, however, remains extremely stable on long-term leases of more than 15 years.