UOBKH notes that Matrix and Sunway (pic) may display the most resilient earnings growth going forward.
PETALING JAYA: The property sector is expected to record stronger earnings in 2023 on a year-on-year (y-o-y) basis, backed by developers’ strong unbilled sales and increased property launches.
Upgrading its view on the sector to “market weight”, UOB Kay Hian Malaysia Research (UOBKH) said improvement in labour supply, easing of raw material prices and pent-up demand may also continue to lead earnings recovery next year.
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