The Malaysian property sector had been soft for many years. This slowdown long before Covid-19. A few years back I wrote an article about whether the Bursa property sector will recover by 2024. My idea of recovery is to get back to the 2016/17 performance. https://www.youtube.com/watch?v=Wn4p31y0CUQ I think the sector is going to do well in 2024. If you look at the housing starts data you can see an uptrend since 2020. It normally takes about 3 to 5 years for property projects to be completed from the start of construction. As such housing starts can be a forward indicator. A continuous uptrend will mean that performance of property companies in the coming years will be better. The chart below “synchronized” the housing starts with the revenue for the large Bursa property companies (those with equity > RM 1 b) You can see that although the housing starts peaked in 2014 the sector revenue peaked a few years later in 2016/17. https://i.postimg.cc/x87BTw7n/Housing-starts-vs-Revenue.png While we have yet to see the data for the housing starts for 2023 or even the large companies revenue for 2023, I am confident that they will be higher than those for 2022. The questions are whether the 2024 revenue will be at the same level as that for 2016/17. And if so, will the stock price respond accordingly.
The Malaysian property sector had been soft for many years. This slowdown long before Covid-19. A few years back I wrote an article about whether the Bursa property sector will recover by 2024. My idea of recovery is to get back to the 2016/17 performance. https://www.youtube.com/watch?v=Wn4p31y0CUQ I think the sector is going to do well in 2024. If you look at the housing starts data you can see an uptrend since 2020. It normally takes about 3 to 5 years for property projects to be completed from the start of construction. As such housing starts can be a forward indicator. A continuous uptrend will mean that performance of property companies in the coming years will be better. The chart below “synchronized” the housing starts with the revenue for the large Bursa property companies (those with equity > RM 1 b) You can see that although the housing starts peaked in 2014 the sector revenue peaked a few years later in 2016/17. https://i.postimg.cc/x87BTw7n/Housing-starts-vs-Revenue.png While we have yet to see the data for the housing starts for 2023 or even the large companies revenue for 2023, I am confident that they will be higher than those for 2022. The questions are whether the 2024 revenue will be at the same level as that for 2016/17. And if so, will the stock price respond accordingly.
Why buy house and get trapped for your entire life trying to pay back the loan. House prices are beyond reach even for those earning RM5000 with family to feed. House price does not stop with repayment of principal +loan interest+deposit+additional fees. It continues with monthly maintenance fees+bills+repairs+taxes. It's a lifelong torture! You won't have a smooth life. It will be riddled with many challenges and economic resistances such as layoff, retrenchment, joblessness, family problem/expenses etc. Think a thousand time before committing unless you have sugar daddy/mum.
GLC property stock UEMS pe65 at 1.05 SIMEPROP pe15 at 69c.. If market to chase up SIMEPROP to pe65 will be rm2. 99 as fair to UEMS where both are GLC and deep landbank
Thought good news regarding the johor special economy zone to bring up SIMEPROP but it is like no news or Agak Agak news.. UEMS starts falling 4% but SIMEPROP up 0.5%....... Asset back stable stock always no worry of crashing like goreng stock..
If you are in UEMS goreng stock, you will be scaring cut lose today . So, it is good to buy FA stock for investment like SIMEPROP. Hope answer your question SG999
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hhhiii123
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Posted by hhhiii123 > 2023-12-12 19:55 | Report Abuse
I will keep topup the lower it go lol