IOI Prop shares tumble on balance sheet concerns


Investor sentiment does not seem to be in favour of IOI Properties Group Bhd (IOI Prop) for now.

With its shares already under some selling pressure on concerns about its earnings prospects, the recent termination of a joint-venture plan to develop a parcel of land in Singapore has now revived concerns about the property developer’s balance sheet quality.

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Business , IOI Properties , Singapore

   

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