News about TA Securities

“Despite the PSI project being scaled down by scrapping Island B and Island C, we are not overly disappointed as the local government still maintains its plan to develop Island A (Silicon Island) with more concrete details and a timeline.

In a note on Friday, TA Securities said Gamuda’s FY2023 core profit of RM804.

TA Securities said the property sector is expected to benefit from likely initiatives to promote homeownership among low-to-middle-income first-time buyers and make it more affordable, develop developer-friendly policies for affordable housing, incentives for green development and clarity regarding infrastructure development and special economic zones.

TA Securities said Scientex’s property segment saw a strong take-up rate of 85% in FY2023, indicating robust demand for its properties, following launches with a gross development value (GDV) of RM2.

“We believe the premium is justifiable, given Radium’s encouraging profit growth (estimated at 70% in FY2024: FY2025: 36%), supported by strong demand for affordable housing in Kuala Lumpur, positioning Radium favourably to benefit from the market trend.

KUALA LUMPUR (Dec 30): TA Securities Holdings Bhd said today Malaysia's corporate actions in 2020 may include the privatisation of Tiong Nam Logistics Holdings Bhd by major shareholders based on the company's financial position, future cash requirement besides share price and public shareholding spread.

KUALA LUMPUR (Oct 16): TA Securities Research has upgraded the property sector to "Overweight" (from Neutral) and said since August 2019, developers' share prices were heavily bashed down amid concerns on rising property overhang and slow property demand due to financing issues.

KUALA LUMPUR (June 18): The construction sector will likely have to brace for more downside moving forward apart from the rising building material costs, according to TA Securities.

KUALA LUMPUR (Jan 16): TA Securities Holdings Bhd had today advised Selangor Properties Bhd (SPB) shareholders to accept the revised RM6.

KUALA LUMPUR (Oct 15): Any introduction of new taxes — such as the inheritance tax and capital gain tax — could weigh on house buyers and investor sentiment, further impacting the property sector which has already been plagued by affordability and strict lending issues, according to TA Securities.