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KUALA LUMPUR: Affin Hwang Capital research maintained its buy call on KLCC Property Stapled Group following a solid result for its 2019 financial year.
KUALA LUMPUR: KLCC Real Estate Investment Trust’s (KLCC REIT) net profit for the fourth quarter ended Dec 31,2019 rose 33.1% to RM244.41mil from RM183.66mil a year ago, mainly due to property investment in the retail sector and hotel operations segment.
YIELD accretive stocks, such as those in the real estate in the real estate investment trust (REIT) space, could become more attractive going forward even as safe havens become more appealing amid volatile markets.
Comment by Pankaj C. Kumar
Major REITs show dividend trend are generally healthier this year
KUALA LUMPUR: Tan Sri Mohd Sidek Hassan (pic), whose tenure as Petronas chairman ended last month, has resigned as chairman of both KLCC Property Holdings Bhd (KLCCP) and KLCC Real Estate Investment Trust’s (KLCC REIT) management company, KLCC REIT Management Sdn Bhd.
PETALING JAYA: KLCC Real Estate Investment Trust’s (KLCC REIT) net profit for its fourth quarter ended Dec 31, 2017 was flat at RM345.52mil from the RM347.13mil in the previous corresponding period, while revenue in the fourth quarter rose to RM352.07mil from RM344.69mil a year earlier.
PETALING JAYA: KLCCP Stapled Group’s net profit for the third quarter ended Sept 30 was down by 0.3% to RM177.7mil year on year.
THE Malaysian Real Estate Investment Trust (REIT) segment has been attracting quite a bit of attention of late, but not for the right reasons.
KUALA LUMPUR: KLCC Property Stapled Group's (KLCCPSG) Q2FY17 earnings were "steady on a sequential basis" and "within street and Affin's estimates", said the research house.
PETALING JAYA: KLCC Property Holdings Bhd (KLCCP) Stapled Group’s net profit was relatively flat for the second quarter ended June 30 despite registering a marginal increase in revenue due to the lacklustre performance of its hotel operations.