I-Bhd to stay profitable on leisure ops recovery

PublicInvest Research noted that I-Bhd’s BeCentral (pic) serviced apartment tower, which has yet to be officially launched, continues to see sales recognised in its books

KUALA LUMPUR: I-Bhd’s business prospects for 2022 are looking bright, as the group continues to attract high-profile tenants at its i-City development in Shah Alam and still has a substantial amount of unrealised gains from ongoing projects.

PublicInvest Research in a report yesterday said the group will continue to work on reducing its inventory levels, which currently stand at RM811.5mil and of which about RM500mil comprises its 8KiaPeng project in downtown Kuala Lumpur.