7 Nov 2023 (update)

The property website operator said in its market report for the first quarter of 2023 that it registered an upward trend in the sale price index in fourth-quarter 2022 (Q4’22), with asking prices of listings increasing by 1.5% quarter-on-quarter (q-o-q), likely due to Bank Negara Malaysia’s overnight policy rate rising to 2.75% last year, contributing towards the higher overall cost of property ownership.

KSL is the cheapest stock in terms of PE. Its net asset value per share is RM3.44.

KSL Holdings Bhd is a holding company. It is engaged in real estate services. The company has four reportable segments Property development; Property investment; Investment holding and Car park operation. Property development includes the development of residential and commercial properties; Property investment includes an investment of real properties and hotel; Investment holding includes the provision of management services to the subsidiaries, and Car park operation includes car park management services. KSL derives most of its revenue from Property development.