KUALA LUMPUR: IGB Bhd expects the group’s financial results for the financial year 2023 to be satisfactory.
In a filing with Bursa Malaysia, IGB said it remained cautious about the challenges for the growth of the retail sale in 2023, which would affect its tenants’ performance in the shopping malls and also the financial performance of the group’s property investment – retail division.
On its property investment - commercial division, IGB said the outlook of the office market in the near term remains volatile as there is an imbalance in the office supply-demand dynamics coupled with fierce competition.
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