MIDF downgrades AEON Co to 'neutral', cuts earnings forecasts for FY2023 to FY2025
Despite profit rising to RM13.
AEON Co’s 3Q net profit up 27% on land lease derecognition gain, lower costs
Earnings per share rose to 0.
AEON 2Q slumps 36% on lower revenue, higher operating costs
Revenue for the period rose 2.
Aeon buys 8.7ha land in Kota Bharu for RM165 mil
Aeon is buying the land from Liziz Standaco Sdn Bhd using internally-generated funds, the group said in a bourse filing.
AEON signs SARE with TNB and GSPARX; to install PV solar facilities nationwide
Under the SARE agreement, GSPARX will construct, operate and maintain the PV solar facilities with a system size of approximately 77,000kWp for 25 years.
AEON Co's FY22 focus on rejuvenation of malls and recovery, MIDF says as it raises TP to RM1.74
KUALA LUMPUR (April 15): MIDF Research said on Friday (April 15) that it expects AEON Co (M) Bhd’s prospects to improve from the financial year ending Dec 31, 2022 (FY22) onwards in line with the reopening of businesses and social activities.
AEON earmarks RM251m capex for FY21, aims to expand 13 new specialist stores
KUALA LUMPUR (June 23): AEON Co (M) Bhd has allocated RM251 million as capital expenditure (capex) for the year, with 40% of the budgeted amount to be allocated to further strengthen the group’s technology and IT infrastructure, according to the retail group’s managing director Shafie Shamsuddin.
Federal Court dismisses Mega Continental's leave application to appeal in lawsuit by AEON BiG
KUALA LUMPUR (May 17): AEON BiG (M) Sdn Bhd said today Malaysia's Federal Court on April 20, 2021 dismissed Mega Continental Sdn Bhd's leave application to appeal against the Court of Appeal's decision to uphold the Penang High Court's ruling in a lawsuit initiated by hypermarket operator AEON BiG against Mega Continental involving the lease of a property in Bandar Alor Setar, Kedah.
KIP REIT’s 3Q net property income falls 5.9% to RM13.69m, declares 1.6 sen DPU
KUALA LUMPUR (April 20): KIP Real Estate Investment Trust's (KIP REIT) net property income (NPI) for the third quarter ended March 31, 2021 fell 5.
Foreign hypermarkets still looking for bumiputera partner
KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.
