Beaten-down property stocks at bargain levels


JUST over seven years ago, the KL Property Index (KLPI) was trading at the exact level where it is trading today.

At the same time in October 2011, the FBM KLCI was trading at 1,428 points. Fast forward to today, the FBM KLCI was last observed at 1,738 points based on Thursday’s close, up some 22% over the past seven years while the KLPI is basically flat. In fact, the KLPI has underperformed mostly in 2018 itself as the index is down some 27% since the start of the year while the KLCI is down 3.3% year-to-date.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , pankaj , column

   

Next In Business News

Abdul Rahman to resign as CIMB group CEO on June 30
China's Q1 GDP growth solid but March data shows feeble demand
KTI Landmark inks underwriting deal with M&A Securities
The pursuit of sustainability by Westports
Ringgit opens lower vs greenback on strong US retail sales
Yeoh siblings the biggest gainers on Forbes 50 richest Malaysians list 2024
Oil prices rise as Israel weighs response to Iran attack
Amir Hamzah leads delegation to meeting with investors in New York
Bursa Malaysia tracks negative global sentiment
Trading ideas: RHB, Capital A, Heitech Padu, Kitacon, YNHP, Iris, Solarvest, SCIB, G Capital, Eduspec, EP Manufacturing, Master Tec

Others Also Read