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theedgemalaysia.com highlighted three stocks with momentum at Bursa Malaysia’s noon market break on Tuesday. One stock showed positive momentum and the remaining two stocks displayed negative momentum.
IGB Commercial Real Estate Investment Trust's (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter.
THE decline in the unit price of IGB Commercial Real Estate Investment Trust (REIT) since it debuted on Bursa Malaysia has made it one of the higher-yielding REITs among its peers, even above the Kuala Lumpur REIT index’s expected yield of 6.17%.
Bloomberg data shows that other pure-pla...