IGB growth revenue up, falling tourist arrivals dents outlook


Higher revenue: File picture of Mid Valley Megamall, owned by IGB Real Estate Investment Trust. The mall and the neighbouring Gardens Mall reported an increase of 7 and 11 in total gross revenue and net property income of RM367.8mil and RM261.6mil respectively.

PETALING JAYA: Subdued retail outlook and falling tourist arrivals seem to have put a dent on the outlook of the otherwise fundamentally sound IGB Corp Bhd, which derives a chunk of its income from the retail and hotel industry.

There has been no let up in the share price weakness of the company despite it reporting an overall stronger set of results for the bottomline in its third quarter ended Sept 2015.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil falls by almost 10% after Iran FM declares Strait of Hormuz open
Iran's foreign minister says Hormuz Strait is open during ceasefire
SC explores cross-border opportunities with China
Inari terminates Lumileds acquisition after US blocks deal on security concerns
Auditors flag going concern risk at Lien Hoe
Malaysia’s economy remains robust, well supported by E&E sector, domestic demand
Aizo secures Bursa approval for multi-exercise corporate plan
MICCI urges clear government-industry communication amid Middle East shipping risks
Bina Puri secures RM156.45mil Sarawak road contract
WTEC proposes RM10.8mil factory acquisition in Semenyih

Others Also Read