Friday 29 Mar 2024
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KUALA LUMPUR (March 16): AffinHwang Capital Research is “Overweight” on the property sector and said sector may reach an inflection point soon, premised on sustained economic data.

In a note today, the research house said that coupled with strong balance sheet position, it sees limited downside risk to share price for companies under our universe.

“Revenue will be suported by strong unbilled sales and new launches.

“We are Overweight on the sector. For exposure to the sector we like UOA Development Bhd and Eastern & Oriental Bhd,” it said.

 

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