PETALING JAYA: Despite the growing number of Covid-19 cases, the easing of lockdown restrictions could still spell a better year for Malaysian real estate investment trusts (REITs) in 2021.
The sector’s fourth-quarter 2020 (Q4) earnings are expected to improve from mid-2020 as the mall and hospitality segments should do better than Q2 when there was a complete shutdown of business operations, Kenanga Research said.
“Most malls under our coverage adhere to the movement control order (MCO) guidelines and as such, we do not expect business to be severely impacted by the worsening Covid-19 situation in the Klang Valley for now.
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