Malaysia Property Sector's Earnings Visibility Could Stay Intact
Dow Jones
Sep 07
0710 GMT - Property earnings visibility in Malaysia could remain reasonably intact, driven by healthy project pipelines and unbilled sales, MBSB Research analyst Jessica Low Jze Tieng says in a note. Total property loan applications rose 11.2% on month to 62.9 billion ringgit in July, after school and public holidays disrupted activity in May and June, she notes. However, persistent inflationary pressures and higher household expenses are expected to keep buyers cautious, tempering property demand and sales momentum in the near term, she says. MBSB maintains a neutral rating on Malaysia's property sector, given no strong immediate catalysts that could significantly improve sector performance, pegging Matrix Concepts, IOI Properties and Mah Sing as its top picks.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.