However, it slipped quickly to 70 sen by mid-morning.Next
IMO, the recent down trend could be due to omicron case surge, and also the upcoming rise of interest rate, where people will have less pocket money to do shopping.
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In the case of rising interest, IGBCR only exposed to 26% of gearing, lower than office REITs like Sentral and well below 60% requirement from SC.
In a report yesterday, CGS-CIMB Research opined that InNature was one of the few major cosmetics and personal care retailers that remained profitable during the 2020-2021 period amid the Covid-19 pandemic.
Properties are located both domestically and internationally.
IGBCR comprises 10 highly valuable office buildings, which were injected into the trust at a combined value of RM3. Meanwhile, another industry observer said that the IGBCR shares were sold at RM1 apiece to shareholders of IGB, but the effective cost became 40 sen due to the distribution in specie DIS. The stock was the 13th worst decliner on the stock exchange yesterday.Next
Business Description IGB Commercial REIT is established with the investment strategy of principally investing, directly and indirectly, in commercial assets and real estate-related assets in Malaysia and overseas.
These products and services are usually sold through license agreements or subscriptions. Historically office REITs hardly trade below 0.
Current 4 cents or 6.
IGB Commercial REIT units were also offered to shareholders of IGB Bhd via a restricted offer for sale ROFS. Hong Leong Investment Bank HLIB , the principal adviser, said the unsubscribed ROFS and the corresponding DIS will be placed out to institutional and selected investors. Check out our featured new launches by top property developers in Malaysia.
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