0902 GMT - Earnings from AEON Co. (M)'s property management segment are expected to stay resilient in 2H, supported by continuing mall rejuvenation and expansion plans, Maybank IB analyst Jade Tam says in a note. The segment is likely to remain a key medium-term earnings driver, she says. However, consumer retail spending may stay subdued before improving in 4Q during the year-end festive season and school holidays, she adds. Tam cuts Aeon's 2025-2027 earnings forecasts by 5%-7% to reflect higher sales tax and interest expenses. Maybank maintains a buy rating on Aeon and keeps its target price at MYR2.00. Shares are 3.0% lower at MYR1.31. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
August 26, 2025 05:02 ET (09:02 GMT)
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