Daily Industry News Update (14 December 2020)


Making the right pivot to adapt to changing times

The arrival of the pandemic has disrupted industries both globally and nationwide. Much like its peers, the property industry was left to face an unprecedented number of shifts and along with the shifts, came the impact as well. In a conversation with BusinessToday early April just

IGB REIT – Proxy to consumer spending growth post-pandemic

We initiate coverage on IGB REIT with a BUY recommendation and fair value (FV) of RM2.09 based on a target yield of 4.5% over its FY22F distributable income. We are projecting IGB REIT to record RM205.7mil, RM318.3mil and RM332.4mil of distributable income in FY20F–FY22F,

Clogged drains, illegal structures main cause of flood in Prima Setapak

DRAINS from Prima Setapak to Jalan Genting Kelang in Wangsa Maju, Kuala Lumpur, will be upgraded by the end of the year following complaints of recent flash floods in the area. Wangsa Maju PKR chief Andre Lai said clogging occurred at the drainage interchange network

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