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.
PETALING JAYA: With an influx of new retail space expected in the coming year, industrial real estate investment trusts (REITs) may continue to be favoured, given the robust demand from the technology and e-commerce sectors.