PETALING JAYA: The property sector continues to be supported by pent-up demand, better contribution from overseas projects helped further by the easing of the labour shortage and higher billings, says UOB Kay Hian (UOBKH) Research.
The research house said the earnings of companies within its sector coverage for the second quarter of 2023 (2Q23), generally came in within expectations, improving 24.5% quarter-on-quarter and 12.9% year-on-year, while net profit in the first half of 2023 (1H23) grew by 6%.
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