Sunway REIT (Neutral, TP: RM1.55):
Stays upbeat amid improving retail, hotel performance. Sunway Real Estate Investment Trust (REIT) is keeping a positive outlook for its 2023 financial year, underpinned by stable domestic economic growth, growth in the retail sector and further recovery in the hotel segment.

It said its optimism was further backed by full-year income contribution from Sunway Carnival Mall (New Wing) and Sunway Resort Hotel in 2023. Sunway REIT CEO Datuk Jeffrey Ng said the REIT is closely monitoring inflationary and interest rate trends
despite tapering inflation in recent months.