Property sector Maintain neutral: Granted, the share price of most of the property developers have moved up this year, which we believe is due to renewed buying interest in laggards and overall improved market risk appetite rather than on signs of recovery in operating conditions.
KUALA LUMPUR (June 15): The nation's property market is expected to be sustained by the affordable housing sector for at least the next three years, according LBS Bina Group Bhd managing director Tan Sri Lim Hock San.
KUALA LUMPUR (June 1): Property developer LBS Bina Group Bhd is in talks with two landowners in the Klang Valley to expand its portfolio of land available for development via joint ventures (JV).
KUALA LUMPUR (May 31): LBS Bina Group Bhd has said it is still positive on its joint venture with China's local investment arm Zhuhai Jiuzhou Group Holdings Ltd, as the company expects to obtain planning and layout approvals for the project within the next few months.
KUALA LUMPUR (May 31): LBS Bina Group Bhd’s net profit soared 47% to RM24.
KUALA LUMPUR (May 29): ML Global Bhd, 56%-owned construction arm of LBS Bina Group Bhd, is placing greater focus on industrialised building system (IBS) adoption to help ease the shortage of labour in the company.
KUALA LUMPUR (April 5): LBS Bina Group Bhd has declared a special tax-exempt dividend of two sen per share for the financial year ended Dec 31, 2016 (FY2016).
KUALA LUMPUR (March 28): Malaysia Airports Holdings Bhd (MAHB) and DRB-Hicom Bhd are expected to be the key beneficiaries from the government's recently launched Digital Free Trade Zone (DFTZ), said CIMB Research.
Property sector Maintain neutral: Although the value of residential loans approved, an indicator of property sales, fell 15% in 2016, four out of the seven developers in our coverage managed to grow their property sales by 3% to 77% in 2016.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
