PETALING JAYA: Although IOI Corp Bhd’s core net profit for the financial year ended June 30, 2013 (FY13) was below consensus estimate, analysts continue to favour the stock for the potential value creation stemming from its property unit demerger.
In CIMB Research’s view, there were short-term catalysts from the property demerger exercise expected to be completed in the fourth quarter of this year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!