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RHB: Some negative headwinds may hinder recovery in property sales

In a note on Thursday (Jan 6), its analyst Loong Kok Wen who maintained "neutral" on the sector said that despite an encouraging pickup in demand for property in 2021, she believes the sector is still facing negative headwinds that may hinder the continued recovery in property sales as well as earnings growth.

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Analysts foresee solid recovery for Genting and Genting Malaysia

Hong Leong Investment Bank Research said in a note Genting's core loss after tax and minority interests (LATAMI) of RM296.9 million in the third quarter ended Sept 30, 2021 (3QFY21), which brought its 9MFY21 cumulative loss to RM998.1 million, was above its expectation as it expects Genting to be profitable in the next quarter.

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