https://www.thestar.com.my/business/business-news/2016/07/14/property-stocks-rally-on-interest-rate-cut
In the past property stocks rally during OPR rate cut. 1st cut done in January 2020.
Symlife, Hohup, Trop, KSL, BDB is already trading at historical low P/E due to prolong down trend over the MANY YEARS
Property index is already almost at ALL TIME LOW.
Smart people buy house DURING recession. Only Not So Smart people buy house when times are good.
In today's article "LBS to launch two projects next month". It says "We are confident that we can achieve the sales target based on two factors.. First is the LBS Fabulous 2020 Campaign and second is the interest rate, which fell by 25 basis points. Purchasers can enjoy lower payback (monthly) installments now"
Based on already many reports, Second OPR cut LIKELY on 3rd March 2020.
Created by samheong78 | Mar 17, 2020
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Created by samheong78 | Feb 27, 2020
Created by samheong78 | Feb 27, 2020