Worst may be over for IGB

CGS-CIMB Research said it expected IGB’s three core business divisions – property development, commercial assets and retail assets – to stage a strong recovery in FY22. (File pic: IGB's Mid Valley Megamall)

PETALING JAYA: The worst may finally be over for IGB Bhd as the economy continues to recover from the pandemic.

Following its recently reported third-quarter results, CGS-CIMB Research said an earnings recovery is underway, noting that this could be an inflection point to sustainable profits from the fourth quarter onwards.