CGS-CIMB Research said there is strong revenue and earnings visibility for the sector.
PETALING JAYA: CGS-CIMB Research is generally bullish on the property industry, underpinned by strong revenue and earnings visibility, as well as an improving mortgage loan approval-to-application ratio and better labour supply outlook.
The research house, in a note released yesterday, said there is strong revenue and earnings visibility for the sector as developers have set high sales targets for 2023, with strong unbilled sales of up to two years.
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