Iskandar Waterfront City poised for positive rebound, says RHB Retail Research
The research house said that if it manages to surpass that level, the bullish momentum is expected to propel the stock towards the 73.
The research house said that if it manages to surpass that level, the bullish momentum is expected to propel the stock towards the 73.
The research house said the latest “higher high” bullish pattern above the rising 21-day simple moving average line suggests the uptrend movement is firming up and heading towards 62 sen, the YTD high, followed by the next resistance at 70 sen, a new high.
For the first nine months of this year, the Malaysian retail industry expanded by 3.
“Almost 58% of the overhang was condominiums and apartments.
Revenue for the period rose 2.
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
Gross revenue for the retail segment was 28.
In terms of total sale value, Malaysia retail industry in 2022 had recovered to 2019 level.
The groups believe the proposed luxury tax is a "lose-lose proposition" where the country will "lose foreign tourist arrivals and lose Malaysians from buying locally, coupled with the loss of foreign exchange".