KUALA LUMPUR: MIDF Research has revised its FY21 and FY22 forecasts for Capitaland Malaysia Mall Trust lower on expectations that negative rental reversion will drag on earnings in the near-term.
The research house cut forecasts by 21.6% and 18.8% for FY21 and FY22 in anticipation that rental reversion will remain in negative territory due to the challenging retail backdrop.
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