Boustead Properties optimistic about its commercial assets

KUALA LUMPUR (May 24): Boustead Properties Bhd, the property arm of diversified Boustead Holdings Bhd, remains optimistic about its commercial performance and retail portfolio this year as the occupancy rate of its commercial assets is currently above 90% compared with the average occupancy rate of similar grade buildings within similar locations.

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Stricter MCO seen raising earnings disappointment risk, says CGS-CIMB

KUALA LUMPUR (May 24): CGS-CIMB Securities Sdn Bhd said today stricter rules under Malaysia’s current movement control order (MCO) to curb the spread of the Covid-19 pandemic may raise the risk of corporate earnings disappointment as the reenforcement of the MCO is likely to reduce manufacturers’ productivity and lower footfall at retail outlets.

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