KUALA LUMPUR, Jan 23 (Bernama) -- Bursa Malaysia’s benchmark index recouped earlier losses to settle higher, maintaining a more than six-year high, buoyed by continued buying interest in technology stocks, while the strengthening of the ringgit against the US dollar further lifted investor sentiment. At 2.27 pm today, the local currency strengthened to 3.9992 versus the greenback, its strongest level in more than seven years. It was last seen at this level on June 18, 2018, at 3.9960/9990. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.85 points or 0.17 per cent to 1,719.99 from yesterday’s close of 1,717.14. The index surpassed its previous peak of 1,719.00 recorded on Feb 26, 2019. The barometer index opened 1.30 points lower at 1,715.84 and moved between an intraday low of 1,711.89 in early trade and a high of 1,723.41 in late afternoon before slipping slightly toward the close. However, market breadth was negative with decl...
KIP REIT could be heading for a strong earnings surprise when it reports results next week, with profits expected to surge as much as 44%–60% year-on-year for the December-end quarter, according to TA Securities.
The research house expects Q2 net profit of RM18–20 million, driven mainly by full-quarter contributions from newly acquired retail assets and the initial income from an industrial property completed in October. For the first half of the financial year, net profit is projected to reach RM35.5–37.5 million.
KIP REIT has been actively expanding its portfolio. Between July and December, the trust acquired KIPMall Desa Coalfields and KIPMall Kuantan, while also completing the purchase of industrial assets in Bintulu and Pasir Gudang. These additions have expanded its portfolio to 18 income-generating properties worth RM1.7 billion across Peninsular Malaysia and Sarawak.
Looking ahead, KIP REIT is targeting RM2.0 billion in assets under management by 2027, supported by continued acquisitions in both the retail and industrial segments — a strategy that enhances income diversification and stability.
Market sentiment remains positive. KIP REIT units gained 11% last year, and all four research houses tracked by Bloomberg maintain a ‘buy’ call, with an average target price of RM1.04. For FY2026, TA Securities forecasts net profit of RM68.3 million, slightly below the consensus estimate of RM70 million.
Key Takeaways
Q2 earnings may jump 44%–60% year-on-year
Net profit expected at RM18–20 million for the quarter
New retail and industrial assets drive income growth
Portfolio expanded to RM1.7bn across 18 properties
Target AUM of RM2.0bn by 2027
Analysts remain bullish with unanimous ‘buy’ calls
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