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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KLCCP Stapled 2Q net profit flattish at RM180m

KUALA LUMPUR (Aug 21): KLCCP Stapled Group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), recorded a relatively flat net profit for the second quarter ended June 30, 2019 (2QFY19) of RM180.

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