Sunway-REIT’s Seberang Jaya hotel sale a positive


Maybank IB said it views the disposal and reinvestment as strategically sound, reflecting proactive asset rotation and portfolio renewal.

PETALING JAYA: Analysts are generally positive on Sunway Real Estate Investment Trust’s (Sunway-REIT) sale of Sunway Hotel Seberang Jaya (SHSJ) and the revised investment cost for its Sunway Pier project.

Maybank Investment Bank Research (Maybank IB) said it views the disposal and reinvestment as strategically sound, reflecting proactive asset rotation and portfolio renewal.

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