Aeon boosts edge with strong property management, mall upgrades

 

KUALA LUMPUR: Aeon Co (M) Bhd's property management segment (PMS) is expected to continue its momentum with a healthy occupancy rate, coupled with better rental renewals.

Hong Leong Investment Bank Bhd (HLIB Research) said renovation works have commenced at several Aeon stores and malls, reinforcing the group's continued commitment to strengthen its competitiveness and relevance in an increasingly dynamic retail landscape.

"Looking beyond the immediate term, Aeon is well-positioned to execute its expansion plans (KL MidTown and AEON Seremban 2) supported by healthy gearing (8.7 per cent) and a lower Kuala Lumpur Interbank Offered Rate (KLIBOR) environment amid global rate cuts.

RHB Research has maintained a "Buy" call on Aeon with a target price of RM1.75, citing solid growth prospects in its property management segment, supported by an active expansion strategy and ongoing asset enhancement initiatives.

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https://www.nst.com.my/business/corporate/2025/05/1219213/aeon-boosts-edge-strong-property-management-mall-upgrades