Maybank IB positive on Aeon Co’s disposal

For FY2014, AEON occupied two new malls, opened one new department store and refurbished seven existing department stores at a total cost of about RM670mil.

KUALA LUMPUR: Maybank Investment Bank Research is “mildly positive” on Aeon Co (M) Bhd’s proposed disposal of the Aeon Mahkota Cheras mall.

The research house said it understood that the Aeon Mahkota Cheras mall had been underperforming while earnings contribution to the group was minimal.