Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.
KUALA LUMPUR (July 9): While Hong Leong Investment Bank Bhd says it can't rule out a mild recovery of interest in the property sector given the trough valuation and domestic growth focus theme with possible introduction of new policies, it said developers' full year sales may still fall short of targets, as sales would likely remain soft after the 14th general election (GE14).
I&P Group Sdn Bhd (a member of Setia) Datuk Zaini Yusoff S P Setia Bhd divisional general manager (I&P Group Sdn Bhd is a member of Setia) “In the soft market and with the majority of consumers taking a wait-and-see approach after the recent General Election, S P Setia has adopted the strategy of rolling out more mid-range landed homes in our established townships.
KUALA LUMPUR (June 26): The Malaysian Retail Chain Association (MRCA) is keeping its target for the country’s overall retail sales growth this year at 4.
KUALA LUMPUR (June 26): Rumours about the impending resignation of Permodalan Nasional Bhd (PNB) chairman Abdul Wahid Omar (pictured) are swirling again.
PETALING JAYA (June 12): Kuala Lumpur is the 182nd most expensive city in the world, according to the latest cost of living survey published by international information and data provider ECA International.
KUALA LUMPUR (June 11): A majority, or 82%, of Malaysian consumers are optimistic about the country's economic outlook and perceive the recent government initiatives, such as the reduction of goods and services tax (GST) to 0% on June 1, as being good for consumers, according to a survey conducted by Nielsen Malaysia.