Pavilion, KLCC still reign supreme in luxury shopping as TRX Mall fails to stir market — Kenanga
savemalaysia Publish date: Wed, 23 Oct 2024, 02:28 PM KUALA LUMPUR (Oct 23): Shopping malls under Pavilion Real Estate Investment Trust (KL:PAVREIT) and KLCC Stapled Group (KL:KLCC) still reign supreme in the luxury market even after The Exchange TRX Mall opened to much fanfare, said Kenanga Investment Bank.
In a report focusing on the luxury market, the research house said its own survey indicated that both footfalls and sales for most brands in TRX Mall have fallen since their opening. Several retailers struggled to meet targets and a majority generated less than RM1 million in monthly sales, it noted.
Major holder husband and wife sell own hotel to own company REIT, maybe they sell cheap so that they sacrifice personally and benefit REIT company and other public shareholder..hahaha
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SmallSexyPig
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Posted by SmallSexyPig > 2024-05-31 23:02 | Report Abuse
suspicious