KUALA LUMPUR: CIMB Equities Research expects property stocks may come under some knee-jerk selling pressure in the near term as Bank Negara Malaysia’s (BNM) move to curb consumer loans was not widely expected.
The research house said on Monday however the real impact on property companies’ sales and earnings will be mild as the average loan tenure is below 35 years, wherein only 10% of loans are above 35 years.
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