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Economy

Malaysia's recent rate cut renews appeal for REITs

KUALA LUMPUR (NewsRise) -- Malaysia-listed real estate investment trusts, also known as REITs, are witnessing a renewed interest following last week's surprise rate cut by the central bank as investors seek higher returns amid declining bond yields.

Several brokerages, including UOB Kay Hian and Hong Leong Investment Bank, raised the sector's outlook as potentially cheaper credit brightens prospects of higher consumption in an economy where domestic demand powers growth.

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