THE call for an increase in the Constituency Development Fund (CDF) gained momentum in the House of Representatives on Wednesday with three Government Members of Parliament (MPs) proclaiming, like.
KUALA LUMPUR (Jan 26): The implementation of the second Movement Control Order (MCO 2.0) and resurgence of Covid-19 cases have clouded the outlook of retail real estate investment trust (REIT) IGB REIT.
Investment analysts have trimmed IGB REIT’s target price (TP) although the group’s earnings for the fourth quarter ended Dec 31, 2020 (4QFY20) beat market consensus expectations.
Analysts including those from Kenanga Research, MIDF Research and Hong Leong Investment Bank (HLIB) Research have cut IGB REIT’s TP to between RM1.60 and RM1.88.
As at noon break, IGB REIT, which owns the MidValley Mega Mall and The Gardens Mall, closed at RM1.64, valuing it at RM5.84 billion.
Analysts upped their target prices for Sentral REIT (previously known as MRCB-Quill REIT) today following improved results for its financial year ended Dec 31, 2020 (FY20) that was announced yesterday.