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PETALING JAYA: On the back of expectations of a turnaround in the fourth quarter of financial year 2021 (FY21), in line with the reopening of the economy and year-end festivities and holidays, Kenanga Research has raised its earnings outlook on KLCCP Stapled Group.
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.
KUALA LUMPUR: KLCCP Stapled Group reported lower earnings in the third quarter due to the weak performance of its hotel and retail properties amid prolonged strict restrictions and movement control order during the period.
KUALA LUMPUR (Bernama) -- KLCC Real Estate Investment Trust’s (REIT) net profit rose to RM144.01 million in the second quarter ended June 30, 2021 (Q2 2021) from RM140.46 million in the same quarter a year ago.
KUALA LUMPUR: KLCCP Stapled Group remains cautious about its prospects for 2021, and anticipates the year to still be challenging while the national Covid-19 vaccination rollout would foster market recovery.
PETALING JAYA: KLCCP Stapled Group’s hotel business is feeling the heat from intense competition caused by new hotels in the Kuala Lumpur city centre, resulting in a flattish bottom line for the group in the third quarter ended Sept 30.
KUALA LUMPUR: The reconfiguration of the Parkson space in Suria KLCC may unlock value for KLCC Property Holdings Bhd as smaller sized tenants generally command a higher rental per square foot, says RHB research.