HLIB: IGB REIT will continue to demonstrate resilience for rest of FY2023
In a note on Thursday (July 27), the research house said IGB REIT recorded core net profit of RM177.
In a note on Thursday (July 27), the research house said IGB REIT recorded core net profit of RM177.
MIDF Research, however, thinks that the steady domestic demand and sticky core inflation that lingered above 3% — as opposed to the pre-pandemic average of 1.
The first two property projects taking part in AFFIN Home Step Fast/i will be Ayanna Residences and Quaver Residence.
Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.
RHB’s Loong Kok Wen said she expects its investment properties to drive earnings slightly in the coming quarters, premised on higher occupancy rates.
The research house’s view contradicts OCBC’s and UOB’s view that BNM will hold the OPR at 3% for the rest of the year, but aligns with MIDF Research's view that an increment will occur in the second half of the year.
Domestically, the central bank noted that following its strong outturn in the first quarter of the year, the local economy has since expanded at a more moderate pace as exports were weighed down by slower external demand in line with expectations.
BNM’s latest OPR decision follows the 25 basis point (bps) hike in May as it moved to further normalise monetary policy in line with resilient domestic growth prospects.
Sheraton Johor Bahru will be part of an upcoming mixed-use development comprising several commercial developments, including a retail podium and office spaces, along Jalan Storey in Johor Bahru.
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.