"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.
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
construstion has been bad and almost stand still since 2018 actually, so now got 2 mega project MRT & sabah borneo highway, this 2 now is the kick start catalyst
Moving forward, the country's strong economic outlook will also help to boost the ringgit, which is projected to strengthen to 4.10 against the US dollar from 4.17 last year despite heightened uncertainty, said Kenanga Research
The research house said it is cautiously bullish on the local note, but noted that the ringgit may continue to trade under pressure in the next few months due to the volatile market environment brought about by the Eastern Europe crisis, China's stringent pandemic-control measures and the United States Federal Reserve's increasingly hawkish tone.
this counter is down trend for so long, similar like kanger, many people got trapped. u want to stay wait until it drop again and again. many good news but price still drop? cut loss or u lose all ur money
ppl be like " have patience " but fail to see the trend of the market, that's why more people stucked and waiting until all the money get burn. it's just a basic but dunno la haha
i ask u, what do you expect when good news come? still share price keep dropping? is it?if thr prices has not improve there must be something wrong and it's happen again and again. if u invest in this stock go on not my money haha i just tell what i see on the price movement.
mager1144, I think what you said makes sense, the price of this stock had went down like crazy already, doesnt that give investor a chance to buy now at cheaper price meh?
As you said , it were long time down trend , but behind this , understand the market sentiment. Construction was long been pull down since mco, same goes to tech and others. Is that showing that is the best chance to invest things that undervalued.
GlobalData expects the Malaysian construction industry to expand by 16.5% this year, supported by further improving economic conditions, the government's focus on completing large infrastructure projects, and increased investment on industrial and energy projects.
Don't impose your moral values unto others. Don't go around telling people how to speak, how to dress up or how to behave. In short mind your own bloody business.
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....
unclekyyisbest
401 posts
Posted by unclekyyisbest > 2022-04-14 18:23 | Report Abuse
"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.