KLCCP Stapled Group CEO says Petronas lease extension will further reinforce stability

KUALA LUMPUR (Nov 20): KLCCP Stapled Group chief executive officer (CEO) Datuk Hashim Wahir said today the lease extension for Petronas Twin Towers and Menara 3 Petronas here by lessee Petroliam Nasional Bhd (Petronas) will further reinforce the KLCCP Stapled Group's stability, thus strengthening the latter's position in the market and boost its efforts in delivering value to its stakeholders in the long term.

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Affin Hwang remains neutral on MREITs despite OPR cut to 1.75%

KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.

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