News about HLIB

KUALA LUMPUR (July 6): Valuations for the construction sector have turned more favourable following the easing of Iran war headwinds and expected job flow acceleration for the rest of the year, said Hong Leong Investment Bank (HLIB).

KUALA LUMPUR (June 10): Sime Darby Property Bhd's (KL:SIMEPROP) new venture fund should generate at least RM62 million in annual attributable net profit from the second half of 2027, according to Hong Leong Investment Bank.

KUALA LUMPUR (April 22): Hong Leong Investment Bank (HLIB) has decided to downgrade Malaysia’s real estate investment trust (REIT) sector from “overweight” to “neutral”, citing narrow yield spreads against other asset classes and rising competition from high-dividend alternatives.

KUALA LUMPUR (Jan 14): Malaysian real estate investment trusts (M-REITs) are expected to remain supported into 2026 by lower interest rates and catalysts from the Visit Malaysia 2026 (VM2026) tourism campaign, said Hong Leong Investment Bank (HLIB).

While Pavilion REIT continues to benefit from a rebound in tourism with expected drive spending and traffic at key assets such as Pavilion Kuala Lumpur and Pavilion Elite, the research house said the recent share price rally had already priced in much of this optimism and “tilted its risk-reward to be less compelling”.

Last Friday, Hektar announced that it is buying the land for RM40 million in the Durian Tunggal sub-district from KYS College Sdn Bhd in a related party transaction.

Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.

November 2024 marked a turning point, as Singapore home sales surged to a record-breaking monthly figure in over a decade.

Reinvigoration of development projects in the data centre and Johor regions still has room to play out, despite the sequential slowdown in data centre contracts in the second quarter of 2024 (2Q2024), the research house said in a note on Thursday.

In a note on Wednesday, the research house said the results were within house and consensus full-year estimates at 48%.