HLIB Trims KLCCP Stapled Earnings Outlook on Weaker Hotel Occupancy, Cautious Retail Assumptions
HLIB Research maintained its HOLD call on KLCCP Stapled Group with a lower target price of RM8.51, after the company's 2QFY26 core profit rose 2% year-on-year to RM204.4 million, slightly below expectations. The weaker showing was due to temporary room inventory constraints at Mandarin Oriental, where 34 serviced apartments are undergoing renovation. The stock slipped 0.69% to RM8.64.