‘Outperform’ call on I-Bhd reaffirmed

-Bhd deputy chairman Datuk Eu Hong Chew (left) and i-City director Monica Ong (right0 at the press conference after launch of loT-ready project Hill10 residence @i-city in Shah Alam in June. (filepic)

PETALING JAYA: I-Bhd is in a good position to benefit from the urbanisation of the outer Klang Valley region, namely Klang and Shah Alam, despite challenges in the property market.

Public Investment Bank (PIVB) Research said that the property developer’s value proposition is attractive and noted that its pace of sales this year has matched last year’s and showing no discernible slowdowns. This is a testament to the market segment it serves which is still seeing demand, the research house added. “With only about 15% of its gross development value (GDV) crystallised, I-Bhd’s story is only just unfolding.