KUALA LUMPUR (March 26): The Bursa Malaysia property index fell 8.
Property sector Maintain neutral: Recapping 2016, which is similar to 2015, property companies continued to underperform on the FBM KLCI Index with average return of -5% as compared with FBM KLCI at -3% for the year 2016.
KUALA LUMPUR (July 15): Real estate investment trust (REIT) prices rose in early trades on Bursa Malaysia yesterday following Bank Negara Malaysia’s move to cut the overnight policy rate (OPR), but pared gains in the afternoon.
Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.
KUALA LUMPUR (May 7): Malaysia Building Society Bhd (MBSB) saw its net profit dropped 37% to RM124.