Positive outlook for SMG’s property segment

Kenanga Research said the property segment “may potentially emerge as a key earnings anchor in future”.

PETALING JAYA: Star Media Group Bhd (SMG) has recorded a sequential improvement in top line as well as pre-tax margin and profit at its property segment in the third quarter ended Sept 30, 2023 (3Q23), says Kenanga Research.

The research firm said this implies the property segment “may potentially emerge as a key earnings anchor in future”.