Net profit for the January-June period of RM150 million accounted for 44% of the consensus full-year estimate, though analysts expect earnings to catch up with forecasts on the back of higher tourist arrivals, year-end shopping season, and improved occupancy rates.
Pavilion REIT, whose share price has risen 14.
Shares in Pavilion REIT edged up 1.
Pavilion KL and the Pavilion Elite remained PavREIT's largest earnings contributors, accounting for about 77% (Pavilion KL) and 10.
Quayside JBCC is a RM600 million mixed-use development comprising 482 units of serviced suites, 24 retail lots, 200 hotel rooms as well as a rooftop bar and fine dining area, all integrated in a 29-storey tower.
Quarterly revenue increased 47.
The terminations are due to the REIT's unsuccessful bids to the Energy Commission to participate in the CGPP, according to its filing to Bursa Malaysia on Friday.
Nevertheless, the research house said on a brighter note, the earnings outlook for Pavilion REIT remains optimistic, driven by a positive rental reversion outlook for Pavilion KL Mall.
Quarterly revenue gained 43.
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The Food Merchant Prelude “features a grab-and-go concept which curates premium grocery shopping”.
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