Potential trading opportunities,given undemanding valuations

RHB Investment Bank opined that property stocks might offer short-term trading possibilities, given the sector is currently selling at a 64 per cent discount to RNAV, which has remained essentially stable since the end of 2021.

It said that recent news flow on the construction sector such as the takeover of highways in Klang Valley and the green light for the Mass Rapid Transit 3 (MRT3) may potentially have a positive spillover on the sector.

"Although the property sector is not a direct beneficiary, and MRT 3 is not a new project (the three lines were first announced in 2010/2011), we think sentiment on the property sector may improve over the near term, while the sector's cheap valuation is a good reason for investors to enter, especially those with a shorter investment horizon

"Given the market has just recovered from last year's lockdown, demand for property may be negatively affected as property is deemed a big-ticket item that is considered non-discretionary. We believe the timing of election and expectation of election results may swing sentiment," it said.

The investment bank believes that reopening the economy and international boundaries will also assist the property sector.

Transportation and logistics costs are also important factors.

RHB Investment Bank said that developers have generally set a reduced sales objective this year (about -10 per cent year-on-year) after robust property sales in 2021.

Despite the rolling lockdowns from June to August, total property sales in 2021 increased by about 40 per cent yearly, partially boosted by the Home Ownership Campaign (HOC).

A few developers outperformed their sales projections. S P Setia, Sime Darby Property, Sunway, and Tambun Indah were among them.

"In our view, 2022's more conservative sales targets are probably due to the absence of the Home Ownership Campaign, expectations for an interest rate hike in the second half of 2022, and rising inflationary pressure," it said.

The investment bank said that rising inflationary pressure might potentially dampen household disposable income on the macroeconomic front.

"Developers will likely resize/re-design and maintain the selling prices and affordability of their products, or look for alternative construction materials that are cheaper to mitigate cost pressure," it said.

According to the recent survey by the Real Estate and Housing Developers' Association Malaysia, property developers generally expect construction costs to surge by an average of 19 per cent this year, due to the rise in building material prices, wages and financing costs.

The survey results also indicated that the average percentage increase in the price of building materials such as aluminium is at 55 per cent, timber at 52 per cent, steel at 38 per cent, cement at 19 per cent, sand at 18 per cent, and concrete at 16 per cent.

RHB Investment Bank Bhd is apprehensive about developers' earnings prospects this year, given the consistently high construction costs resulting from the surge in primary commodities such as crude oil, steel bar, copper, and aluminium.

In a note yesterday, the investment bank said the resulting price hikes in cement, sand, tiles and related products collectively contributed to the surge in total building expenses.

"Major commodity prices saw significant price hikes, exacerbated by the Russia-Ukraine crisis in March. These include crude oil, steel bar, copper and aluminium, which are the key components in building materials.

"Assuming the uptrend in commodity prices persists over the next six to nine months, besides margin compression, we think developers will tend to be more prudent with their launches.

https://www.nst.com.my/property/2022/04/788138/property-sector-bumpy-road-recovery

Ages is undervalued .. haha

Construction and property demand will turn better, buy econpile, gamuda and ages. All value to hold

Endemic, will sure bring construction back, Additionally Government want to push construction

https://www.nst.com.my/business/2022/04/787977/economist-transition-endemic-status-boost-economy

No point Argue argue

I think good then i buy

Buy at own risk

Good to buy bad to buy , i don’t know

Buy ages at your own risk, I’m here to earn my 2 bowl curry bento rice

0.020 then makan up the price

Woohoo.... Banagalasia... laborer is back. Construction all will back to progress...

https://www.nst.com.my/news/nation/2022/04/786629/speed-foreign-worker-approval

Time to collect all construction stock AZRB Gamuda AGES.

Hidup Bossky- Construction will back at 2022

隧道尽头的光 – AGESON BERHAD (KLSE: 7145)

在过去的几个月里，投资者被潜在的市场崩盘吓坏了。 结果，高估值以及高负债公司的股票纷纷被抛售，其中包括一家低个位数市盈率的公司，AGESON。

根据我的初步调查，由于国阵几乎肯定会赢下即将到来的选举，建筑业自 2022 年 2 月以来一直表现出色。
我们应该呼喊，Hidup Bossku 吗？

政局的稳定造成了市场情绪回升，这无疑增加了投资者对建筑股的兴趣。 但对于 AGESON 来说，情况似乎并非预期。

不幸的是，对于 AGESON 来说，他们正面临着股份合并和配股的艰难时期。

可惜的是，并不是该公司的基本面不吸引。但 SERBA DINAMIK 事件确实深深地在投资者们的心中种下了恐惧的种子。


大家认为这是一个机会还是另一个价值陷阱呢？
就我个人而言，鉴于 AGES 的市盈率现在只有 1.16 倍，我认为没有什么可失去的。 我明白部分投资者可能缺乏了解公司的做法而在股份合并期间退场。

我将在AGES 15:1 的股票合并后买入 100,000 单位。

与其追逐高价值和高波动性的股票，为什何不寻找像 AGES 这样拥有低市盈率以及良好基本股票呢？

As long you think good only you enter, bad then let go....

lol.... no blame. buy and sell is own decision.

is a must.

Yes, you are require to submit the form

This will be due to the operationalisation of new facilities such as the Pegaga gas project in Block SK320 in offshore East Malaysia, which commenced operations in March 2022.

"Growth will also be supported by higher production in existing oil and gas facilities including the PFLNG2 facility and following the completion of several maintenance works. The end of OPEC+ oil output cut agreement by the second half of the year is also expected to result in higher production," it said.

Bank Negara said growth in the construction sector was expected to rebound in 2022 following the reopening of the economy.

"Ongoing construction activity in large infrastructure projects and implementation of small-scale projects under the 2022 Budget measures will support growth in the civil engineering and special trade subsectors," it said.

Meanwhile, Bank Negara said the residential subsector would benefit from new housing projects and launches, in tandem with the expected recovery in demand as income and employment prospects improve.

"Growth in the non-residential subsector is expected to be lifted by both existing and new commercial and industrial projects," it said.

On the other hand, Malaysia's E&E cluster, which is highly integrated in global value chains, will benefit from continued demand for E&E products globally.

"Additionally, E&E growth will be further reinforced by ongoing expansions in domestic production capacity. In the bank's regional economic surveillance, E&E firms indicated strong order books for the year," it said.

Bank Negara said demand for refined petroleum products was expected to increase in line with higher mobility and economic activity, while continued health and hygiene awareness would support demand for rubber and chemical products.

The recovery in the agriculture sector will be driven primarily by higher oil palm production.

"This is premised on expectations for a gradual improvement in labour supply. Heavier rainfall in the early part of the year is also expected to improve soil moisture and increase oil palm yields in the latter part of the year," it added.

Bank Negara said the mining sector was projected to register higher growth, reflected by the continued increase in crude oil and natural gas production.

At a virtual press conference on Wednesday, Nor Shamsiah said the current monetary policy remained in line with Bank Negara's decision to maintain the country's key interest rate at a historic low of 1.75 per cent earlier this month.

Nevertheless, she said Bank Negara had trimmed its economic growth forecast to between 5.3 per cent and 6.3per cent as the country's continued recovery would be slightly offset by the impact of the Russia-Ukraine conflict.

Bank Negara previously projected the economy to grow between 5.5 per cent and 6.5per cent in 2022 as borders and businesses reopened following the lifting of Covid-19 restriction.

Elaborating on the recovery, Bank Negara said export-oriented sectors would continue to benefit from strong external demand and expansion in domestic production capacity.

The services sector is projected to register a higher growth in 2022, led by the consumer and tourism related subsectors.

"The improvement is expected to be supported by lifting of nationwide containment measures and re-opening of international borders for tourism," it said.

Business-related services would continue to remain supportive of growth, Bank Negara said.

"This will mostly be in the logistics and professional services, in line with the continued expansion of manufacturing and construction activity," it said.

Bank Negara said while growth in the manufacturing sector was projected to increase at a more moderate pace, it would still be above the long-term average.

KUALA LUMPUR: All economic sectors in the country including export-oriented, services and electrical and electronics (E&E) sectors are projected to expand in 2022, according to Bank Negara Malaysia.

The improving growth trajectory would be driven by the recovery in domestic-oriented sectors as almost all economic and social sectors return to normalcy amid Malaysia's high vaccination rate and rapid rollout of booster shots.

The re-opening of international borders would facilitate the recovery of tourism-related industries and alleviate pockets of foreign labour shortages in the domestic economy, Bank Negara said in its Economic and Monetary Review 2021 released today.

The central bank's governor Tan Sri Nor Shamsiah Mohd Yunus, meanwhile, said its current monetary policy stance would continue to remain accommodative to support economic recovery and ensure price stability.

https://www.nst.com.my/business/2022/03/784741/growth-all-sectors-year

Ohhhhhh..... rocket to the sky

Up don't buy. Once boots.

Buy buy buy. Down buy

Ages good good

I continue buy

Who want fight continue fight

0.10 coming back anytime

Buy and wait for the fly !

collect again

Aiya, today bad dropped

Hnmm

All investor, all good friend. Ages is way undervalued. Just matter of time to let it growth.

No fighting

https://technave.com/tag/Endemic-Phase-Malaysia

Lol

Some is panic, some is happy while drop.

At the moment, Ismail Sabri said the government had set aside RM1 billion in allocation annually under the 12th Malaysian Plan for flood mitigation projects

"After taking into consideration the flood phenomenon in the wake of the 2021/2022 northeast monsoon which claimed many lives and destroyed properties, the Cabinet has decided to enhance and expedite flood mitigation projects with additional allocations of RM15 billion for the period of 2023 until 2030," he said.

Ismail Sabri also said the government had agreed to implement the Sarawak-Sabah Link Road (SSLR) and Trans Borneo Highway Projects which will complement the on-going Pan Borneo Highway Project in Sarawak and Sabah.

He said the progress of the construction of the first phase of the Pan Borneo Highway project in Sarawak involving 786km has reached 78 per cent.

Meanwhile, he said the construction of the first phase of the Pan Borneo Highway project in Sabah comprising 15 work packages had reached 52 per cent and it is expected to be completed by October 2024.

"To enhance the road connectivity in Sabah, the government has agreed to go ahead with the implementation of 19 additional work packages in the state.

"The additional work packages will involve 367km which will take five years for it to be completed.

"As for Sarawak, the government has agreed to implement the SSLR and the Trans Borneo Highway Project," he said.

The implementation of all these high-impact projects, he said, were expected to stimulate the country's economic development, increase the competitiveness of the nation and elevate the wellbeing of the people.

"The decision to implement all these projects reflects the government's concern in providing opportunities for the people and strengthening the economic recovery momentum of the country," he said.

"The government has decided to approve the implementation of the MRT3 project to complete the existing public transportation infrastructure in the Klang Valley by providing integrated transportation system that is affordable for the people," he said.

Transport Minister Datuk Seri Dr Wee Ka Siong in April last year had said that the MRT3 project was given the go-ahead by the federal government.

Mass Rapid Transit Corporation (MRT Corp) was previously reported as saying that the entire alignment of the MRT3 will be about 50km.

Preliminary plan for the MRT3 will include 30 stations, where 10 of them are MRT interchange stations, light rail transit (LRT) and KTM Komuter lines.

Ismail Sabri also announced that the Cabinet had agreed to set aside RM15 billion in additional expenses over a period of seven years starting next year to enhance and expedite floods mitigation projects in the country.

The Cabinet, he said, made the a decision following the 2021/2022 floods triggered by the northeast monsoon.

KUALA LUMPUR: The government has approved the construction of the third Mass Rapid Transit Line 3 (MRT3) that will link the existing MRT1 and MRT2 lines into one giant loop around the Greater Klang Valley.

Also known as the Circle Line, the project was previously suspended by the Pakatan Harapan-led federal administration.

Prime Minister Datuk Seri Ismail Sabri Yaakob who confirmed this in a statement today, said priorities for the project would be given to local contractors especially Bumiputera to generate business opportunities as well as creating employment opportunities for the people.

"The implementation of this project will drive the country's economic growth and development, in line with the objective of the government to empower the business sector as well as creating 600,000 jobs this year.

https://www.nst.com.my/news/government-public-policy/2022/03/776894/government-approves-mrt3-construction