Favorable plantation resource profile; Highly competitive cost position; and Synergy between key business segments. Aggressive financial policies related to expansions and shareholder friendly actions; and Exposed to volatile price swings and demand risk for its plantation and property businesses. The rating on IOI Corp. Bhd. (IOI) reflects the group's favorable plantation resources, highly competitive cost position, and synergy between key business segments, given that more than 90% of its plantations' sales are to its own downstream facilities. However, these are partially offset by the cyclical nature of its plantation and property businesses and its aggressive approach toward expansions and shareholder-friendly policies. In fiscal year ended June 2008, IOI increased its exposure to the risky property development business in Singapore following