<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 26): Hong Leong IB Research (HLIB) has maintained its “Neutral” rating on the property sector and said the sector is expected to remain weak and property developers’ sales to remain fragile throughout the year, especially post-GST.</p></div>

<div class=newsTextDataWrapInner><p>In a note Monday, the research house said mid- to long-term view remain fundamentally unchanged.</p></div>

<div class=newsTextDataWrapInner><p>It said demand from genuine house buyers were still intact, supported by Malaysia’s young demographic structure.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>HLIB said it views that any recovery would likely come earliest 2016 as Malaysians would begin to adapt to the implementation of GST and higher costs of living.</p></div>

<div class=newsTextDataWrapInner><p>“We continue to like property developers who are more concentrated towards affordable housings, landed properties and township developments.</p></div>

<div class=newsTextDataWrapInner><p>“We are still cautious with the outlook on property developers in Johor region.</p></div>

<div class=newsTextDataWrapInner><p>“Maintain Neutral on the sector with top picks: Matrix Concepts Holdings Bhd (Buy; TP: RM3.74), Tambun Indah Land Bhd (Buy; TP: RM 2.14) and Mah Sing Group Bhd (Buy; TP: RM2.42),” it said.</p></div>


KUALA LUMPUR (Jan 26): Hong Leong IB Research (HLIB) has maintained its “Neutral” rating on the property sector and said the sector is expected to remain weak and property developers’ sales to remain fragile throughout the year, especially post-GST.

In a note Monday, the research house ...

Property sector to remain weak for now, says HLIB Research 

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Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

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The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

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The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

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Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

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A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

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<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


<p>Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.</p>
