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AEON Co's FY22 focus on rejuvenation of malls and recovery, MIDF says as it raises TP to RM1.74

The research house said in a note that it came back from AEON Co’s virtual meeting with a sense of optimism about the group’s outlook premised on its cost-structuring strategies to improve its bottom line and maintain prices of items, personalisation of customer experience, a recovery in sales in the southern region which was affected due to border closures, and an improvement in occupancy rates.

Good response to first phase of Trinity Wellnessa; final phase unveiled on April 14

During the event, Trinity Group Sdn Bhd founder and managing director Datuk Neoh Soo Keat said: “The recovering economy will help drive the property market, thus we remain optimistic that there will be demand for the second phase. We aim to redefine and reimagine urban living as well as to deliver value to the property industry by being relevant and in tune with the needs of the market. Our latest development, Trinity Wellnessa, is a project that we are proud of as it is the first of its kind in many ways.”

DONE DEAL: Serviced residence at Marc Residence, Kuala Lumpur

Noteworthy:

  • Freehold

  • Built-up: 493 sq ft

  • Fully furnished

  • 1 bedroom, 1 bathroom

  • Amenities: Monorail stations and KLCC LRT station, walking distance to shopping malls such as Suria KLCC, Pavilion Kuala Lumpur, Lot 10 Shopping Centre, etc

When: December 2021

DONE DEAL: Office unit at Menara 2, KL Eco City, Kuala Lumpur

Noteworthy:

  • Leasehold

  • Built-up: 4,489 sq ft

  • Semi-furnished

  • Amenities: Shopping malls such as Mid Valley Megamall and The Gardens, medical centres, clinics, hotels and schools

  • Accessibility: Federal Highway, New Pantai Expressway (NPE), Jalan Bangsar and Jalan Maarof, as well as public transports including Abdullah Hukum LRT and Mid Valley KTM stations  

When: November 2021