ADVERTISEMENT

Stay defensive on property sector


Maybank IB Research has SP Setia as its top pick

Maybank IB Research has SP Setia as its top pick


KUALA LUMPUR: The outlook for the Malaysian property sector has turned somewhat sour, with cuts in sales targets, delays in new launches, and rescission of land deals among local developers becoming the order of the day.

Seeing a lack of strong re-rating catalysts, Maybank Investment Bank Research recommends investors to stay “defensive” on the sector.

The brokerage had maintained a “neutral” outlook for the Malaysian property sector, with SP Setia Bhd as its top stock pick.

Analyst Reports , Property

   

ADVERTISEMENT