i think everyone is waiting for the asset injection and private placement scheduled at the end of this year. They wanna see some initiative first, then will jump onto the bandwagon.
PETALING JAYA: The Malaysian property sector will remain “overweight” for the third quarter of the year with key drivers being stronger gross-domestic-product (GDP) growth for 2014 and upcoming infrastructure developments, said RHB Research.
Its analysts said the third key driver was the front-loading of big-ticket items ahead of the implementation of the 6% goods and services tax (GST) in April 2015.
Maintaining their sector rating, the analysts said concerns of a rate hike should have already been discounted by the market.
“In line with our expectations, property sales generally recovered from the first quarter. The weak second-quarter results were not a surprise as developers typically report stronger earnings in the second half,” they said in a regional real estate research report yesterday.
RHB’s analysts said their regional key stock ideas were Malton Bhd and Indonesia’s Modernland.
They said Malton would enter a new phase of earnings growth, with its financial year 2015 (FY15) earnings set to be underpinned by RM470mil unbilled sales and RM410mil construction contract value.
Adding that Malton had a compelling re-rating angle, they said that its Bukit Jalil City project would be a major turning point while new launches this year would drive FY16 earnings.
Since early this year the tp 1.500 is yet to be realize.. I sold most at 1.100 range.. Buy back when malton fall below 1.00 .. But I do think a more reasonable tp will be 1.200
Malton doesn't have the catalyst to push their prices up and investors are not interested in malton's share as they are very quite with their developments.. Thus, this is why I believe malton shares did not shoot up fast enough making investor to lose their patience
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ng MC Angie
403 posts
Posted by Ng MC Angie > 2014-09-04 00:38 | Report Abuse
Very very slow. Stil sleep. When only can go to tg, stil is a dream