Retail segment to drive SunREIT's performance in 4Q

KUALA LUMPUR: There is an improved outlook on Sunway Real Estate Investment Trust (SunREIT) for the fourth quarter of this year as shopper traffic could be boosted by the reopening of the economy coupled with the holiday season and hotel occupancy rates are forecast to improve.

In line with this, Kenanga Research said it expects gradual earning improvements in the coming quarters, driven mainly by the retail segment.