JKG Land cautious about its business prospects in 2022

PETALING JAYA: JKG Land Bhd is expecting the country’s economic recovery to continue in 2022 and 2023, helped by progressive opening of economic sectors, although the property developer remains cautious about its business prospects due to global supply chain shocks, compounded by rising input costs.

“The overall optimistic outlook is hampered by the Ukraine-Russia conflict which hinders global growth and is creating supply shock to economic recovery,” said JKG Land in a filing with Bursa Malaysia.