KUALA LUMPUR: Kenanga Research has raised its earnings outlook on KLCCP Stapled Group on the back of expectations of a turnaround in 4QFY21, in line wiht the reopening of the economy and year-end festivities and holidays.
"We increase FY21E earnings on better-than-expected revenue contribution from the retail segment on less rental rebates in light of its resilience seen in 3QFY21, while the hospitality segment’s occupancy is expected to remain at c.20% for FY21.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
