Analysts do not expect any earnings surprises from Malaysiam property sector
09 Mar 2021 / 09:30 H.
Most developers are said to be assessing the economic situation before deciding to continue with or defer future launches. Picture for representational purposes only – BERNAMAPIX
PETALING JAYA: Analysts expect no surprises in earnings prospects for the local property sector over the short to medium term, as developers are more aggressive in clearing unsold units by offering discounts with the inventory level on a declining trend
AmInvestment Bank Research (AmResearch) said developers generally reported lower new sales year on year, by about 24.5%, due to the lacklustre market and the impact of the movement control order (MCO) and Covid-19 pandemic – which it believes the clearing of unsold units is a positive move to realise cash flow.