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Sunway Hotels & Resorts aims for double-digit growth from Chinese market

Sunway Resort undergoes US$60 million refurbishment

Sunway Resort undergoes US$60 million refurbishment
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Analysts cut Sunway REIT target price on weak retail segment

KUALA LUMPUR (Feb 10): Analysts have cut the target price of Sunway Real Estate Investment Trust (REIT) as they anticipate the group s retail segment to remain weak in the near term. Hong Leong Investment Bank (HLIB) Research reiterated its hold call on the group but lowered its target price to RM1.48 (from RM1.65 previously) based on the financial year 2022 ending June 30 (FY22) dividend per unit on targeted yield of 5.1%, derived from two-year historical average yield spread between Sunway REIT and 10-year MGS. HLIB Research analyst Farah Diyana Kamaludin said the research house expects Sunway REIT’s hotel segment to remain weak in the near term following bleak hospitality industry along with temporary closure of Sunway Resort Hotel due to refurbishment since July 2020.

Celebrate year-end festivities in style

New World Petaling Jaya HotelThe New Year’s Eve buffet dinner at Pasar Baru is priced at RM148nett per person while the New Year’s Eve countdown party at PJ’s Bar and Grill costs RM168nett per person. The New Year’s Day high tea buffet at Pasar Baru is priced at RM98nett per person; the New Year’s Day buffet dinner at Pasar Baru is RM148nett per person. Or indulge in a festive afternoon tea featuring Foie Gras au Torchon on Brioche, Pistachio and Cranberry Cheese Ball and Mini Chocolate Amaretto Yule Log. Priced at RM99nett for two persons, it is available until Dec 31, on weekdays at Lobby Lounge and weekends at RC Lounge.

Tis the season for special treats

Aloft Kuala Lumpur Sentral Nook is offering holiday favourites for takeaway and delivery. These include Roast Turkey rubbed in Maple Sage and stuffed with chestnuts and chorizo, Pâté en Croûte with chicken liver, foie gras, or pistachio and chicken stuffing, Jasmine-Infused Whole Smoked Salmon, Sous Vide Lamb with Cauliflower and Couscous flavoured with mint and four-course Christmas menu. The Christmas menu is priced at RM98nett per person; the turkey at RM398nett per set. Christmas log cakes - available in flavours such as onde onde, dark chocolate and raspberry mousse - retail at RM118nett per cake and require 48 hours advance booking. Nook’s festive buffets for Christmas Eve dinner and Christmas Day brunch are priced at RM148nett per person. For reservations, call 03-2723 1154.

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