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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.
Economy reopening, travel resumption to drive earnings
WHILE uncertainties of the pandemic continue to loom, experts are optimistic that the Penang residential property market is already on its path towards recovery.
KUALA LUMPUR: KLCCP Stapled Group’s earnings for the third quarter of 2021 could come under pressure as the retail and hospitality sectors continue to face headwinds from the ongoing Covid-19 pandemic.
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.