CGS-CIMB predicted a cautious recovery outlook in the second half of 2020 for the retail malls and hotel players and had retained its “neutral” stance on the REIT sector.
PETALING JAYA: Consumer sentiment and domestic travel patterns are likely to turn more cautious after the re-implementation of conditional movement control order (CMCO) and this will have an impact on the recovery of retail and hotel real estate investment trusts (REITs).
CGS-CIMB predicted a cautious recovery outlook in the second half of 2020 for the retail malls and hotel players and had retained its “neutral” stance on the REIT sector.
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