Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Tuesday, June 7, 2011

'Overweight' on property sector stays: OSK

KUALA LUMPUR: OSK Research Sdn Bhd has maintained its 'overweight' call on the property sector.

In a note today, OSK said the biggest gainers from the current upcycle were the mid- to high-end developers, particularly those with focus on developing landed properties and also had significant exposure in high-growth areas.

"As such, our top buys for the sector are UEM Land Bhd and SP Setia Bhd for mid- to large-capitalised property companies while Plenitude Bhd (is our top pick for small-cap firms," it said.

OSK said developers with exposure in high growth areas such as Kuala Lumpur, Penang and Iskandar Malaysia would benefit the most not only from the current but also future property upcycle.

"Out of the three high-growth areas, Iskandar presents the most upside for developers, both in terms of supply as well as price appreciation.

"With the development of Iskandar progressing as planned and reaching its tipping point by 2012, we believe there is significant untapped potential for the property market there," it said.

By Bernama

No comments: