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2024-03-12 18:20 | Report Abuse
REMEMBER these four things:
Investing is not gambling – only if you know what you are doing.
Don’t let your emotions control you.
Investing is a marathon – not a sprint. Focus on long term.
Every market downturn in history, has ended in an upturn.
2024-03-12 18:19 | Report Abuse
REMEMBER these four things:
Investing is not gambling – only if you know what you are doing.
Don’t let your emotions control you.
Investing is a marathon – not a sprint. Focus on long term.
Every market downturn in history, has ended in an upturn.
2024-03-12 14:58 | Report Abuse
Selepas kekalahan hamas arab, boikot akan disappeared in stages. mark my words, ya! hehe
Israel checks reports that Hamas military No.2 Issa killed in Gaza strike
Story by Maayan Lubell and Nidal al-Mughrabi • 14h • 4 min read
@vllyk
And what will winning the war mean for Starbucks?
12 hours ago
2024-03-12 14:42 | Report Abuse
dia agak tepat tentang ramalannya macam syer aax dulu hehe
Friday, 8 Mar 2024
5:37PM
CHHB LIM CHOW SEN @ LIM CHOW SOON (9,055,700 units Acquired)
2024-03-12 14:41 | Report Abuse
Beliau dah tambah syer balik, sesuatu yg indah akan berlaku.. :)
Lim Chow Sen, also known as Lim Chow Soon, is an investor with shareholdings in various companies listed on Bursa Malaysia. Here are some details about his investment activities:
AAX (5238): Lim Chow Sen @ Lim Chow Soon held 5,500,000 shares, which is a 0.13% stake in the company as of the report date 30th July 20201.
Country Heights Holdings Bhd (CHHB): He was listed as a shareholder in Country Heights Holdings Bhd. However, as of 21st December 2023, he ceased to be a person of interest in the company after disposing of 14,500,000 shares2.
2024-03-12 14:38 | Report Abuse
Lim ada pelan yang luar biasa, sabar ya! hehe
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Friday, 8 Mar 2024
5:37PM
CHHB LIM CHOW SEN @ LIM CHOW SOON (9,055,700 units Acquired)
2024-03-12 13:55 | Report Abuse
Last Price: MYR 0.24
Price Change: +0.01 (4.35%)
52-week Range: MYR 0.20 - MYR 0.47
Market Cap: Approximately MYR 68.54 million
Volume: 324,700
2024-03-12 13:52 | Report Abuse
24sen dah... uptrend started ka? terindah!
2024-03-12 13:50 | Report Abuse
Kawan Food Berhad, a company listed on the Kuala Lumpur Stock Exchange, has shown promising potential for growth due to several factors:
Earnings Growth: The company is forecasted to grow its earnings by 18.9% per annum, which is a robust rate indicating potential profitability and financial health1.
Revenue Growth: Analysts predict an 8.1% annual growth in revenue, suggesting an expanding market presence and increasing sales1.
Return on Equity: The expected return on equity is forecasted to be 9.1% in three years, which, while not exceptionally high, still indicates efficient use of shareholders’ equity1.
Market Position: Kawan Food’s position in the global frozen food market, which is projected to grow at a CAGR of 3.4% from 2019 to 2027, provides a favorable environment for the company to leverage its production capacity and capture demand growth2.
These forecasts are based on the company’s performance and market trends, suggesting that Kawan Food Berhad is well-positioned to capitalize on opportunities and expand its business in the coming years.
2024-03-12 11:43 | Report Abuse
Market Position: CHHB has a diverse portfolio with interests in property development and investments, hotel and resort management, healthcare, and education, among others. This diversification can be a strength as it may reduce risk and provide multiple streams of revenue
2024-03-12 11:42 | Report Abuse
Recent Performance: The company’s stock has shown a range of price volatility that could present opportunities for investors. With a 52-week range of 0.20 - 0.48 MYR, there’s potential for significant upside if the company can capitalize on positive market conditions
2024-03-12 11:37 | Report Abuse
Asian stocks rise ahead of US CPI; yen perks up on BOJ chatter
Economy
Published Mar 11, 2024 10:36PM ET Updated Mar 11, 2024 11:16PM ET
2024-03-12 11:36 | Report Abuse
Country Heights Holdings Bhd (CHHB) has shown a promising turnaround and potential for growth post-pandemic, as evidenced by its performance in various business segments. Here’s a breakdown of how CHHB’s business segments have contributed to this optimistic outlook:
Healthcare: CHHB’s healthcare division has been a strong performer, likely benefiting from the increased focus on health and wellness during and after the pandemic.
Resorts and Hospitality: Despite the challenges faced by the hospitality industry during the pandemic, CHHB’s resorts and hospitality segment showed resilience and is expected to recover as travel and tourism pick up.
Exhibition and Convention: With the world adapting to the new normal, CHHB’s exhibition and convention segment is poised to capitalize on the return of physical events and conferences.
Property: The property division is set to launch a RM300 million property program aimed at monetizing its Realisable Net Asset Value, indicating a strategic move to leverage its real estate assets1.
Furthermore, CHHB is embracing digital transformation, which includes a partnership with JD.com to develop an omni-channel business model in Malaysia and the launch of the M Smart City App, turning Mines Wellness City into the first cryptocurrency-enabled township in the country1. These initiatives signal CHHB’s commitment to innovation and adapting to technological advancements, which are crucial for post-pandemic growth.
The combination of improved performance across its business segments, strategic asset monetization, and digital initiatives positions CHHB well for unlimited potential in the post-pandemic era.$$$$$$$$$$$$$$
2024-03-12 11:25 | Report Abuse
Share Issued 363.183m
Market Cap RM657.362m
2024-03-12 11:23 | Report Abuse
Country Heights Holdings Bhd (CHHB) could be considered a potential takeover target for several reasons:
Diversified Real Estate Portfolio: CHHB has a diversified portfolio in real estate, which can be attractive to investors looking to expand their holdings in this sector1.
Strategic Investments: The company has made strategic investments that may appeal to potential acquirers interested in those particular assets or market segments1.
Financial Position: Despite the bankruptcy order against its founder, CHHB has maintained a stable financial position, which could make it a more secure investment1.
Growth Strategy: CHHB remains committed to its growth strategy, which could be aligned with the objectives of a potential acquirer looking for long-term value generation1.
Technological Advancements: The company’s initiative to develop a smart-city app with cryptocurrency enablement positions it at the forefront of technological innovation within the real estate sector1.
Market Fluctuations: The recent roller-coaster ride of CHHB’s stock price might signal to potential acquirers an opportune moment to consider a takeover, especially if they believe the company is undervalued2.
Potential Synergies: Acquirers might see potential synergies that could be realized by integrating CHHB’s operations with their own, leading to increased efficiency and profitability2.
These factors, among others, could make CHHB an attractive takeover target for companies looking to invest in the real estate sector or expand their current operations. It’s important to note that these are potential reasons and any actual takeover would depend on a multitude of factors including the strategic fit, financial considerations, and mutual agreement between CHHB and the potential acquirer.
2024-03-12 11:20 | Report Abuse
The rebound in tourism is beneficial for the economy and businesses like CHHB, as it signifies a recovery from the downturn caused by the pandemic. Increased tourism leads to higher demand for services and products, which can result in job creation, increased spending in local economies, and overall economic growth. For companies operating in the hospitality and tourism sectors, this rebound can translate into higher occupancy rates, more customers, and ultimately, improved financial performance.
In the context of Malaysia, the tourism sector is showing signs of recovery, with international arrivals reaching 80% of pre-pandemic levels in the first quarter of 20231. This resurgence is expected to continue, with projections indicating a return to pre-Covid visitor numbers by 20251. Such a rebound is likely to have a positive impact on businesses like CHHB that are involved in the tourism industry, as it could lead to increased revenue and growth opportunities.
2024-03-12 11:18 | Report Abuse
lky TAK MALAS... BANYAK PROJEK DAH DILAKSANAKAN... MORE TO COME... TENGOK HOW HE TURNAROUND CHHB AS MONTHS TO COME HEHE
2024-03-12 11:16 | Report Abuse
BAGUS, LOWER WHEAT PRICE
China has never cancelled this many shipments of US wheat
By Michael Hirtzer & Tarso Veloso / Bloomberg
12 Mar 2024, 12:59 am
https://theedgemalaysia.com/node/704236
2024-03-12 11:11 | Report Abuse
Tan Sri Lee Kim Yew
Founder of Golden Touch Investment Bank Ltd
Tan Sri Lee Kim Yew (丹斯里 李金友) He is an experienced and passionate Malaysian Entrepreneur and have strong belief in Chinese Philosophy. He is an established and renowned property developer with over 30 years of experience in the industry. The pioneering spirit of Tan Sri Lee has led him to focus on property development with a difference – and he soon made his mark in land and urban regeneration projects in Malaysia as well as outside the country. He first earned industry recognition for his landmark role in transforming an abandoned rubber estate into country home living residences with quality landscaped environments. He later took up the challenge to deliver with the vision and drive which was the hallmark of his entrepreneurial style by converting the world largest open cast mining land into a breath-taking landmark of the Mines Resort City. It is the largest environmental project undertaken throughout Malaysia history.
“Transforming business through blockchain and token.” — Tan Sri Lee Kim Yew
2024-03-12 11:11 | Report Abuse
Golden Touch Investment Bank Ltd (“GTIB”) was founded by Malaysia’s prominent entrepreneur, Tan Sri Lee Kim Yew, and aims to be one of the world’s leading investment banks that offers comprehensive financial solutions to the clients. We provide services to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals.
GTIB was registered in Labuan International Business and Financial Centre on 28th November 2019 and was bestowed with the investment banking license by Labuan Financial Services Authority (Labuan FSA) on 18th August 2020.
2024-03-12 11:10 | Report Abuse
INVESTMENT BANK PUN DAH ADA... :)
https://gti-bank.com/
2024-03-12 11:02 | Report Abuse
Golden Horse Digital Investment Bank
Golden Horse Digital Investment Bank Ltd (“GHDIB”) is a groundbreaking, fully-licensed and regulated digital investment bank built to give people a fairer, smarter and more human alternative to the banks of the past.
It offers investment account alongside a range of lending products and digital asset exchange.
GHDIB also provides B2B banking and payments services through its Banking-as-a-Service model based on the proprietary and blockchain technology platform that it uses to power its own bank.
The Golden Horse Exchange (“GH Exchange”) also offers clients in-app access to a selection of digital asset exchange services which offering seamless users experience. Clients can also raise fund on our GH Exchange thru the STO platform.
http://www.countryheights.com.my/blockchain_finance.php
2024-03-12 11:01 | Report Abuse
CORE BUSINESSES
Open Imagination
Healthcare
Console Activity
Property & Lifestyle
Locked Steel Gate
Hospitality & Travel
Mac Sunglasses
Exhibition & Convention
Open Imagination
Tourism & Membership
Console Activity
Blockchain & Finance
http://www.countryheights.com.my/
2024-03-12 10:18 | Report Abuse
sesiapa mau jual murah, jualkan semua hehe
2024-03-12 10:07 | Report Abuse
Country Heights Holdings Berhad (CHHB) proposed a private placement of up to 54.71 million new shares, which represented about 20% of the company’s existing number of issued shares. The indicative price for the placement shares was set at RM1.075 each, aiming to raise an indicative RM58.81 million1. This fund-raising exercise was intended to partially finance the construction cost for the group’s Mines Wellness Suites office project and College Heights Estate retail and industrial real estate development1. The announcement for this private placement was made on August 20, 2021.
2024-03-12 09:10 | Report Abuse
Private placement 20% at 50sen & above probably:)
2024-03-12 09:00 | Report Abuse
Dia yakin, anda? :)
<%-- for fixing scrollbar--%>
Save Print Back
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
Notice of Interest Sub. S-hldr (Section 137 of CA 2016)
Particulars of Shareholder
Name : LIM CHOW SEN @ LIM CHOW SOON
NRIC/Passport No./Company No. : -
Nationality/Country of Incorporation : Malaysia
Address:
-
Descriptions (Class and Nominal Value):
Ordinary Shares
Name and Address of Registered Holder:
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com
Details of Changes
Date of Notice : 07/03/2024
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 07/03/2024 Acquired 9,055,700 -
Circumstances by reason of which change has occurred:
Off Market Acquisition - 4,809,700 Ordinary SharesOpen Market Acquisition -
4,246,000 Ordinary Shares
Nature of Interest:
Direct Interest
Consideration:
No of Shares Held After Changes:
Direct : 23,685,700 shares (7.9800%)
Total : 23,685,700 shares
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
Submitted By:
08/03/2024 07:00 AM
Ref Code: 202403083800223
2024-03-12 08:59 | Report Abuse
Mau start beli ka? :)
5738 CHHB COUNTRY HEIGHTS HOLDINGS BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Intention to Deal During Closed Period
1. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Direct Interest
Description of Securities : Ordinary Shares
No of Securities Held : 77,766,389
% of Securities Held : 26.210
2. Details of Intention to Deal During Closed Period
Salutation : TAN SRI
Name : Tan Sri Lee Kim Tiong @ Lee Kim Yew
Designation : Others
Description of "Others" Designation : Group Advisor
Nature of Interest : Indirect Interest
Description of Securities : Ordinary Shares
No of Securities Held : 57,878,121
% of Securities Held : 19.500
Remarks : This announcement is made due to the intention to deal by companies
deemed interested by Tan Sri Lee Kim Yew.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
05/03/2024 07:00 AM
Ref Code: 202403053000264
2024-03-12 08:28 | Report Abuse
Bjassets from 20sen++ to 30sen++ now. Next, for chhb :)
2024-03-12 08:16 | Report Abuse
Keep for 1-2years, rm1++ is possible like ytl from 40sen++ to rm2++
According to TA Securities, CHHB's assets are worth substantially more than it appears in the financial statement given that accounting standard tends to be prudent and recognise long-term assets based on historical cost.
"Referring to the list of landed properties held as at December 31, 2020, we found that over 80 per cent of the group's 2,357-acres of properties were acquired or last revalued prior to 2002 (20 years ago), and significantly understate the value of its properties compared to the realisable value in today's market.
"For instance, an 11-acre land in Kajang acquired in 1987 has a book value of RM2 million or RM4 psf, despite fetching a realisable value of RM100 to RM150 psf now.
"Similarly, some of CHHB's key investment properties such as Palace of the Golden Horses, Mines Wellness Hotel, and Mines International Exhibition Centre that carry book values based on the period of 1998 to 2008 appear underappreciated by the investment community.
"Note that Malaysian house price index has been on the rise for the most 21st century except for the recent two years when Covid-19 mildly dampened the market sentiment," the firm said.
The firm said that according to CHHB's management, the realisable values of the group's properties in today's market valuation are closer to RM2 billion than the RM1.1 billion book value disclosed in its financial statement.
After accounting for all foreseeable corporate exercises and the upcoming asset injection from Lee, the realisable value of CHHB's properties is estimated to be RM2.5 billion or RM3.00 per expanded share cap, it said.
Given several funding options, TA Securities sees no impediments for CHHB to fund its expansion objectives.
2024-03-11 22:36 | Report Abuse
Greatly undervalued.. Keep some, Good ROI pretty soon.
@ocbc
https://www.nst.com.my/property/2022/05/795938/lee-turn-crisis-opportunity-reshape-country
>$2 per share once implemented. Now u get at 0.2X u lucky lucky bom bi bi , cheers !
5 hours ago
2024-03-11 18:20 | Report Abuse
Further boost to Israel fighting terrorist hamas Arab :)
Monday, 11 Mar 2024 4:48 PM MYT
THE HAGUE, March 11 — Dutch far-right leader Geert Wilders today said on social media platform X that he had met with Israeli President Isaac Herzog and pledged his full support to Israel in its fight against terror.
2024-03-11 14:43 | Report Abuse
dengar nak convert some properties jadi airbnb, coworking, dll... semoga berjaya./.. juga mau some properties e.g. tanah... ok terbaik
2024-03-11 14:41 | Report Abuse
private placement @10% stake, probably 35sen to 50sen to another friendly party. after PP, 50sen & above pun boleh jadi... semoga segalanya berjalan dengan lancar hehe
2024-03-11 14:34 | Report Abuse
buy, accumulate more hehe
2024-03-06
Insider
DXN HOLDINGS BHD. buyback 10,781,300 shares from 0.630 to 0.640 on 22-Feb-2024 - 28-Feb-2024.
2024-03-11 14:32 | Report Abuse
hartanah sebelum revaluation dah RM1bil++++ NTA@RM2.09.... cukup berbaloi... retained earnings @RM116juta++ boleh buat share buyback dan bayar dividen bila biz pulih kelak
2024-03-11 14:30 | Report Abuse
pergi tanya sabri yang pernah melawat tapak pembinaan JV pasukhas-ATM dulu dulu... bangunan dah siap ke belum? hehe
2024-03-11 14:29 | Report Abuse
terbukti, hehe
@JJPTR
YNH is in messy situation. Purchase/joint venture by YNH subsidiary Kar Sin property with GWP over a piece of land. Original purchase price, $150millo, than adjusted to $170m than adjusted to $259m. ($170m+$89m). Final figure was $170m and $89m TO BE REFUNDED. ???? Now the said land resold to Sunway @$170m while YNH waiting for maybe long time for refund of $89m. Similar case of waiting for refund cases 1. AT system $4.4m full payment for glove factory purchase while under due diligence(first time lousy director do S&P in 2021.NOw 3 years already, no sight of refund. 2. Cepat Plantation directors suka suka write a cheque of $12m for their personal use. Almost 15 years of case management, still no refund. 3. TSH sale of land in Indonesia for $735m, got half of the payment, the other half still not received , almost 16 months after the sale. When, nobody knows. 4. Ekran boss Ting Pek Kim receive $700m from Ekran via MONEY LENDING arms of Ekran. Sure enuf, the $700m
is gone till today, after 20 years. (be careful if you see a non finance related company obtaining money lending license)
13 minutes ago
2024-03-11 14:28 | Report Abuse
sungguh enlighten kini :)
@JJPTR
YNH is in messy situation. Purchase/joint venture by YNH subsidiary Kar Sin property with GWP over a piece of land. Original purchase price, $150millo, than adjusted to $170m than adjusted to $259m. ($170m+$89m). Final figure was $170m and $89m TO BE REFUNDED. ???? Now the said land resold to Sunway @$170m while YNH waiting for maybe long time for refund of $89m. Similar case of waiting for refund cases 1. AT system $4.4m full payment for glove factory purchase while under due diligence(first time lousy director do S&P in 2021.NOw 3 years already, no sight of refund. 2. Cepat Plantation directors suka suka write a cheque of $12m for their personal use. Almost 15 years of case management, still no refund. 3. TSH sale of land in Indonesia for $735m, got half of the payment, the other half still not received , almost 16 months after the sale. When, nobody knows. 4. Ekran boss Ting Pek Kim receive $700m from Ekran via MONEY LENDING arms of Ekran. Sure enuf, the $700m
is gone till today, after 20 years. (be careful if you see a non finance related company obtaining money lending license)
13 minutes ago
2024-03-11 14:26 | Report Abuse
kutip dividen dulu, perkara lain adalah secondary
2024-03-11 14:25 | Report Abuse
sebelum april 1, dah balik 30sen++ fingers crossed... tunggu sudden surge je kini hehe
2024-03-11 14:24 | Report Abuse
tiada duanya, israel is winning... the number 4 most powerful military in the world
Why Israel Is Winning in Gaza - Tablet Magazine
Why Israel Is Winning in Gaza. The tactical victory that Hamas achieved on October 7, with all its scenes of unimaginable horror, has become a leading driver of its strategic defeat. by...
2024-03-11 14:22 | Report Abuse
tiada pilihan bagi yahudi, tewaskan hamas arab dan tamatkan peperangan hehe
www.abc.net.au › news › 2024/03/11 Israel's defence and intelligence insiders on the Gaza war and...
1 day ago · Why Netanyahu won't stop. One theme that came through from many of those I interviewed — from across the political spectrum — is the current lack of confidence in Israel's
2024-03-11 14:21 | Report Abuse
israel is winning, hamas will surrender soon hehe
#Mar. 4, 2024, 6:02 AM ET (Yahoo News)
Iran's conservatives dominate elections marked by low turnout
Iranian Revolution, popular uprising in Iran in 1978–79 that resulted in the toppling of the monarchy on February 11, 1979, and led to the establishment of an Islamic republic.
2024-03-11 14:19 | Report Abuse
Ya, ahli politik menggunakan agama untuk menumbangkan sistem beraja dulu. kini, raja iran is in exile hehe.. Kenapa tak percaya? hehehe
www.abc.net.au › news › 2023/01/08Iran's regime is cracking under protests, but a challenge remains...
Jan 7, 2023 · It's unclear who inside Iran would lead new government, but what is evident is that Iranians are no longer willing to support the idea that the Islamic Republic can be reformed. With the protests spreading to more than 160 cities in 31 provinces, people of all cultures and classes are now openly chanting, "down with the dictator".
www.theguardian.com › world › 2022Iran’s moment of truth: what will it take for the people to...
Dec 6, 2022 · Iran has entered a period of rolling protest in which the Islamic Republic must defend itself against wave upon wave of public anger. In their retaliation against the protesters, the...
@LaoHaidi
Iranians support Israel !? Are you kidding me 😶 No way Iran will support Israel
3 days ago
2024-03-11 12:08 | Report Abuse
NTA 2.0900
P/B 0.11
RPS 17.03
PSR 1.35
Market Cap 69.0M
Shares (mil) 299.99
2024-03-11 08:48 | Report Abuse
Tengok boleh breakthrough 25sen hari ni tak hehe
2024-03-09 11:53 | Report Abuse
Fundamentals adalah baik, buy n hold
Stock: [CHHB]: COUNTRY HEIGHTS HOLDINGS BHD
2024-03-13 08:08 | Report Abuse
PETALING JAYA: Despite the record-breaking transaction value recorded in 2023 in the property sector, the KL Property Index, which is made up of listed shares of property companies, has remained relatively flat.
The index closed at about 918 points yesterday, six points higher compared to the 912 opening points recorded on March 6, the day when the National Property Information Centre (Napic) released its statistics on last year’s property market.
Analysts, however, expressed optimism about the outlook for property stocks on the KL Property Index following the latest Napic results, citing several factors contributing to positive sentiment in the sector.
These include favourable monetary and government policies as well as the spillover effects from major infrastructure projects like the high-speed rail (HSR), rapid transit system (RTS), and mass rapid transit 3 (MRT3).
Speaking with StarBiz, RHB Research analyst Loong Kok Wen said these factors, coupled with the anticipated improved economic growth, are expected to sustain the positive momentum in the property market.
“Generally, developers are aiming for higher sales targets and higher launches this year,” she said, adding that overall, there should not be any negative earnings growth.
Another analyst with a local brokerage also believes that developers are poised for a stronger performance in 2024.
“In addition to favourable monetary and government policies, Malaysia’s resilient growth, supported by increased domestic demand and improved labour market conditions, is anticipated to impact the property sector positively,” she told StarBiz.Similarly, she believes the imminent end of the central bank’s interest rate hike cycle, potential land value boosts from major infrastructure projects and the establishment of special financial hubs and economic zones would collectively contribute to this positive sentiment.
“Furthermore, we expect the implementation of homeowner-friendly policies to add another layer of appeal to the sector,” she added.
Moving forward, the analyst anticipates the above mentioned factors to sustain a positive market momentum for the upcoming months.
“With robust unbilled sales and a solid balance sheet, developers seem well positioned to embrace a promising 2024,” she said.
When asked about the impact of the high cost of living on the property market, Loong said that post-Covid-19, various countries witnessed a surge in inflation as economies reopened.
However, as of 2024, she said inflation is stabilising, signalling a gradual adjustment to the new norm, not only in Malaysia but globally.
“I’m not blindly optimistic, I know inflation is a threat but people are spending, as evident in malls,” she noted.
As for the weakening ringgit, Loong said it will have a direct impact on investor sentiment.
However, she said the impact is not significant on the property market as construction materials are locally sourced.
Despite the weakening local currency, she believes the demand for property is expected to persist, driven by the fact that people refrained from spending during Covid-19.
“The (property) demand is now fuelled by the savings accumulated during that (Covid) period,” she said.