Tough near-term outlook but end is in sight
■ 1HFY21 core net loss of RM18.6m came in wider than expected, mainly due
to weak footfall in light of movement restrictions.
■ The near-term outlook remains gloomy due to the full lockdown measures,
with meaningful recovery expected to come only by end-CY2021.
■ Maintain Hold as we think that valuations fairly account for near-term risk
challenges and long-term growth opportunities.