AmResearch Overweight On Malaysia Property Sector
Technorati Tags : AmResearch, WCT Land, budget 2008, RB Land, Selangor Properties, stock tips
0355 GMT (Dow Jones) STOCK CALL:
AmResearch stays Overweight on property sector ahead of Budget 2008 (Sept. 7) on hopes of new incentives being unveiled. Analyst says stamp duty on purchase of property may be revised down or completely removed for mass residential market to reduce overhang in low-to-medium cost property segment. Automatic conversion of leasehold land upon expiry would benefit companies such as MK Land (8893.KU), while possibility of revamp in Employees Provident Fund to allow monthly contributions to offset monthly mortgage payments may drive demand for new houses. Analyst says expectations are strong government will reduce withholding tax for REITs.
Among top picks, RB Land (5215.KU) at Buy with MYR4.10 target, SP Setia (8664.KU) at Buy with MYR11 target, WCT Land (9156.KU) at Buy with MYR2.85 target, Selangor Properties (1783.KU) at Buy with MYR8.50 target, Sunrise (6165.KU) at Buy with MYR4.24 target and YNH Property (3158.KU) at Buy with MYR3.90 target. Among REITs, keeps Atrium (5130.KU) at Buy with MYR1.48 target, likes Hektar (5121.KU); not rated. (VGB)
AmResearch stays Overweight on property sector ahead of Budget 2008 (Sept. 7) on hopes of new incentives being unveiled. Analyst says stamp duty on purchase of property may be revised down or completely removed for mass residential market to reduce overhang in low-to-medium cost property segment. Automatic conversion of leasehold land upon expiry would benefit companies such as MK Land (8893.KU), while possibility of revamp in Employees Provident Fund to allow monthly contributions to offset monthly mortgage payments may drive demand for new houses. Analyst says expectations are strong government will reduce withholding tax for REITs.
Among top picks, RB Land (5215.KU) at Buy with MYR4.10 target, SP Setia (8664.KU) at Buy with MYR11 target, WCT Land (9156.KU) at Buy with MYR2.85 target, Selangor Properties (1783.KU) at Buy with MYR8.50 target, Sunrise (6165.KU) at Buy with MYR4.24 target and YNH Property (3158.KU) at Buy with MYR3.90 target. Among REITs, keeps Atrium (5130.KU) at Buy with MYR1.48 target, likes Hektar (5121.KU); not rated. (VGB)
posted by Cool Blogger at 12:21 PM
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4 Comments:
This is a good news for Malaysians. With the recent announcement of IDR and NCER, hope there will be a lot of activities going on soon.
Dear Sir/Madam,
I notice from your blog that you post regarding Malaysia property. I work for property showrooms and we are currently producing many articles, statistical studies,
International Property News and other resources concerning the property investment industry. We also have over 40,000 overseas property listings from all over the world.
I would like to invite you to use, review or link to any of the
resources you see on our site when composing future blog submissions.
regards
Carl Milton
Propertyshowrooms.com
agree with you propnet...things look promising, lets hope the implementation does not disappoint us
thanks carl for dropping your comment here...will check out the site soon :)
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