The recovery in Malaysia's real estate stocks suggests investors have largely looked past the impact of the U.S.-Iran conflict, RHB IB analyst Loong Kok Wen says in a note. Share prices corrected in March-April on expectations of margin compression, she notes. Developers are expected to benefit from resilient demand in Iskandar Malaysia ahead of the completion of a rail project, as well as continued interest in luxury homes in premium locations, she adds. Loong thinks property remains a hedge against inflation, while a supportive interest-rate environment should sustain buying interest. RHB maintains an overweight rating on the Malaysian real estate sector, pegging Sime Darby Property and Eco World Development as top picks.(yingxian.wong@wsj.com)
Malaysia Property Sector Could Stay Supported by Resilient Demand — Market Talk
Earlier from Sime Darby Property Bhd
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- PTT Synergy's Unit Receives Letter Of Award From Sime Darby Property For 34.1 Million RGT
- TSR Capital Says Unit Accepts LoA For 48 Million RGT For Construction Of Infrastructure & Ancillary Works In Selangor Darul