KUALA LUMPUR: Kenanga Research is keeping Pavilion Real Estate Investment Trust
(REIT) as its top sector pick on the back of its earnings resilience.
"We believe Pavilion REIT’s premium retail assets are less vulnerable to downward pressure on occupancy and rental rates amidst rising headwinds in the retail sector on the back of sustained high inflation that hurts consumer spending," it said in a note.
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