KUALA LUMPUR: DBS Group Research is making a buy call on Yong Tai Bhd
, saying that the tourism-related property developer’s Impression Melaka project is a game-changer.
“As the first Impression Series outside China, the Malacca Straits-fronting Impression Melaka is poised to be a resounding success by tapping into the booming Chinese tourism in Malaysia which has seen an impressive 11% tourist arrivals CAGR (compound annual growth rate) over 2000-2016 (versus 1% for Malaysia’s overall tourist arrivals),” it said in a report,
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