UOB Kay Hian Research Articles

KLCCP Stapled Group: 1H17: Results In Line

UOBKayHian
Publish date: Thu, 17 Aug 2017, 09:28 AM
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(KLCCSS MK/HOLD/RM7.92/Target: RM7.50)

Despite a 0.7% yoy improvement in top-line in 1H17, core net profit dropped by 1.6% yoy, largely due to higher operating expenses across all the segments. On a more positive note, 40% vacant space at Menara ExxonMobil has been taken up and major tenant reconfiguration works at Suria KLCC are on track for completion by end-17. Maintain HOLD. Target price: RM7.50. Entry price: RM6.80.

Source: UOB Kay Hian Research - 17 Aug 2017

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