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GuocoLand and IOI Properties should collaborate on a mega Reit listing

GuocoLand and IOI Properties should collaborate on a mega Reit listing

By Kim Browne

Culture

GuocoLand’s share price has rallied strongly in the year to date – up 47 per cent as at Wednesday (Oct 29).

Investors seem unperturbed by the group’s 48 per cent drop in net profit to S$32.4 million for the six months ended Jun 30, from S$62.4 million in the corresponding period a year ago.

Perhaps GuocoLand is conservative in recognising an allowance for foreseeable losses of S$81.8 million for development properties in Chongqing, China, in its latest results.

Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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