IOI Properties Group Bhd’s (IOIProp) elevated net debt position should not be a cause for concern, given the track record in its balance sheet management.
The first phase of Arena Residences, the latest residential development in the 206-acre Warisan Puteri in Sepang, is now open for sale, according to IOI Properties Group Bhd chief executive officer Datuk Voon Tin Yow.
The local property sector is not out of the woods going into 2023, with its long-term dynamics still on the mend, says Hong Leong Investment Bank (HLIB) Research.
Here is a brief recap of some corporate announcements that made news on Wednesday (Nov 23) involving ECA Integrated Solution Bhd, Malayan Banking Bhd, Tenaga Nasional Bhd, IOI Properties Group Bhd, Batu Kawan Bhd, Kuala Lumpur Kepong Bhd, Allianz Malaysia Bhd, Genting Plantations Bhd, Sports Toto Bhd, KPJ Healthcare Bhd, Malaysian Pacific Industries Bhd, Matrix Concepts Holdings Bhd, Hap Seng Plantations Holdings Bhd, Farm Fresh Bhd, IJM Corp Bhd, Omesti Bhd and MN Holdings Bhd.