KUALA LUMPUR: Sime Darby Property Bhd
(SimeProp) is expected to achieve its conservative financial year 2022 (FY22) sales target of RM2.6bil – despite a potential rate hike in the second half of 2022, the absence of the Home Ownership Campaign and persistent overhangs.
In a note yesterday, Hong Leong Investment Bank Bhd (HLIB) Research said the projection is underpinned by the property developer’s unbilled sales of RM2.4bil, proposed RM2.8bil gross development value launches for FY22, as well as the re-opening of Malaysia’s borders tomorrow.
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