Tag: IOI Properties
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IOI Properties Group’s net profit more than doubled in 3Q FY2021
Press Release: IOI Properties Group’s net profit more than doubled in 3Q FY2021 IOI Properties Group Berhad (IOIPG) recorded a strong financial performance for its third quarter ended 31 March 2021 (Q3 FY2021) with a net profit of RM178.9 million, which more than doubled from RM83.6 million in the preceding year corresponding quarter. Its revenue…
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Profits dropped 70%, sell or hold or buy?
One of Malaysia’s largest developer, IOI Properties reported a 70% on quarter drop in net profit for Q1 of 2014. Government price-controlling measures were cited as one of the reasons. If you own their stock, what would you do now? Quickly sell? If you sell, they call this knee-jerk reaction. However if you did not…