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PETALING JAYA: IOI Properties Group Bhd is expected to see better sales prospects in its current financial year ending June 30, 2024 (FY24), driven by launches from local and Singapore projects.
PETALING JAYA: IOI Properties Group Bhd’s (IOIProp) property investment unit is expected to be the company’s key earnings driver over the medium term, say analysts.
IOI City Mall will soon be featuring the largest home décor avenue in Putrajaya.
PETALING JAYA:IOI Properties Group Bhd (IOIPG ), which saw its fourth quarter net profit (4Q22) rise by 147%, is expected to maintain its positive earnings outlook for the current year, thanks to its investment portfolio expansion and the turnaround of its leisure and hospitality segments.
THE retail sector, with sales growth expected at 13.1% this year after falling 2.3% in 2021, is expected to stay buoyant for the time being, amidst risks of high inflation, interest rate hikes and possible global recession.