AEON's Property-Management Arm Should Help Offset Retail Weakness -- Market Talk
Dow Jones
Oct 15
0133 GMT - AEON Co. (M)'s retail segment near-term weakness could be partially offset by its resilient property management services segment, Maybank IB analyst Jade Tam says in a note. The retail segment likely remained subdued in 3Q due to the absence of festivities to drive sales, but the property management services segment's stable rental reversions and net operating cost savings in 2H should cushion the impact. The retail segment may see a stronger 4Q given higher consumer spending during the year-end holidays, she adds. Maybank maintains a buy rating on AEON and keeps its target price at MYR2.00. Shares are 0.8% higher at MYR1.29.(yingxian.wong@wsj.com)
(END) Dow Jones Newswires
October 14, 2025 21:33 ET (01:33 GMT)
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