Tough times for property plays


KUALA LUMPUR: The outlook on the property sector has soured for the remainder of the year as the anticipated recovery has been pushed back by the implementation of the lockdowns accompanying the National Recovery Plan.

Kenanga Research in a sector update slashed its earnings and sales forecasts for companies that have yet to factor in the impact of the lockdowns.

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Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Kenanga Research , property , overhang

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