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Aeon to increase investments despite subdued sentiment


“Consumer outlook may be a little bit cautious now, but I believe there will still be spending. We remain optimistic on our prospects for FY14,” Aeon’s executive director of corporate finance and investor relations Poh Ying Loo told StarBiz in a recent interview.

“Consumer outlook may be a little bit cautious now, but I believe there will still be spending. We remain optimistic on our prospects for FY14,” Aeon’s executive director of corporate finance and investor relations Poh Ying Loo told StarBiz in a recent interview.

KUALA LUMPUR: Slower retail growth in Malaysia is not a dampener on Aeon Co (M) Bhd, as the giant Japanese retailer is set to increase its investments this year.

Aeon is investing more this year in anticipation of sustained spending by consumers. It plans to invest RM700mil in capital expenditure (capex) in financial year ending Dec 31, 2014 (FY14), which is an increase from RM536mil in FY13.

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