Fund buys property stocks at cheapest level in 7 years


KUALA LUMPUR: Malaysia’s top-performing fund is buying the nation's property companies after a slump in shares left valuations at their cheapest level in at least seven years relative to global peers.

Eastspring Investments Bhd has started “nibbling” on some of the stocks that have been beaten down on the prospect the real-estate industry will eventually recover, Chen Fan Fai, the Kuala Lumpur-based chief investment officer, said in an interview.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , malaysia , property

Next In Business News

Drop location pin, please
Amp up meter awareness
Some hotter than others
Stable jobless rate backed by tech, tourism
Two-car race gets hotter
Private equity’s tougher path to riches
Private equity rides megatrends
Riding the choppy 4Q waters
Domestic demand still key growth engine next year
A lifeline for TXCD, a risk for Vestland

Others Also Read