UOB Kay Hian Research upgrades property sector to market weight


Mah Sing property booth during the StarProperty.my Fair 2019 at Queensbay Mall, Penang.

KUALA LUMPUR: UOB Kay Hian Malaysia Research has upgrade the property sector to market weight as it thinks the industry is slowly recovering with incentives provided by the government.

In its research note issued on Thursday, it said macro industry data showed improvements in volumes and value of residential transactions as well as a slight decline in overhang point to a recovery.

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