Property sector was cut to 'neutral' at RHB

Malaysia’s property sector was cut to “neutral” from “overweight” at RHB Research Institute Sdn Bhd, which said the expectation of strong property sales and earnings growth have already been factored into the share price.

“Sentiment will turn slightly negative and we expect demand starts to soften possibly next year,” Loong Kok Wen, an analyst at RHB, said in a report today.

“The timing now is appropriate to be watchful on property stocks as we are now almost two years into the upcycle.”

By Bloomberg