Aeon Co earnings to get year-end boost

Kenanga research noted that retail margins were contained while prudent management saw profit after tax after minority interest remaining flat.

KUALA LUMPUR: Aeon Co (M) Bhd is likely to see “surging improvement” due to the normalisation of business activities although the group’s property management services may experience slower improvement given the new rent structure, according to Kenanga Research.

In a note, the research firm said the improvement in the final quarter of the year would be underpinned by the usual year-end demand and approaching festivities while the opening of interstate travel has seen a higher volume of traffic in both the northern and southern regions.