Worst probably over for Sunway REIT as analysts see earnings recovery

KUALA LUMPUR (Aug 4): The worst is probably over for Sunway Real Estate Investment Trust (Sunway REIT), analysts said today, as they expect the property trust’s earnings to recover in the coming quarters after the group contended with the impact of the Covid-19-driven movement control order (MCO) in Malaysia to curb the outbreak.

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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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Sunway REIT to acquire Sunway Pinnacle

PETALING JAYA (June 29): Sunway REIT Management Sdn Bhd, the Manager of Sunway Real Estate Investment Trust (Sunway REIT) will be acquiring The Pinnacle Sunway, a Grade A office building in Sunway City, Selangor for RM450 million.

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Hektar REIT in survival, recovery mode for rest of FY20

PETALING JAYA (June 29): Hektar Real Estate Investment Trust (REIT) said it is in “survival plus recovery” mode for the rest of the financial year ending Dec 31, 2020 (FY20) as the group contends with the impact of Malaysia's movement control order (MCO) to curb the Covid-19 pandemic.

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