Positive Outlook For Property Sector Despite Dip In Loan Applications
Positive Outlook For Property Sector Despite Dip In Loan Applications
Despite the dip in loan applications to RM49.1 billion in September 2024, MIDF Amanah Investment Bank Bhd (MIDF Research) remained positive on the Malaysian property sector, citing the cumulative loan application growth and the stable loan approval rates as key indicators of a healthy property market.
儘管2024年9月貸款申請下降至491令吉,但MIDF Amanah投資銀行有限公司(MIDF Research)仍對馬來西亞房地產行業持樂觀態度,理由是累計貸款申請增長和穩定的貸款批准率是房地產市場健康的關鍵指標。
Additionally, the current low interest rates, with the Overnight Policy Rate maintained at 3%, are expected to sustain buyer sentiment in the property market.
此外,目前的低利率,隔夜政策利率維持在3%,預計將維持房地產市場的買家情緒。
As such, MIDF Research maintained BUY for the sector and recommended Mah Sing Group Bhd and Matrix Concepts Holdings Bhd as its top picks.
因此,MIDF Research維持該行業的買入,並推薦馬新集團有限公司和矩陣概念控股有限公司作爲其首選。
Mah Sing's (BUY, target price [TP]: RM2.03) strong sales performance, with RM1.66 billion in new sales in the first eight months of 2024, is on track to meet its RM2.5 billion target for the year. The group's diversification into data centres is expected to bolster its recurring income.
Mah Sing(買入,目標價 [TP]:2.03令吉)強勁的銷售表現,2024年前八個月的新銷售額爲16.6令吉,有望實現其今年25令吉的目標。預計該集團向數據中心的多元化發展將增加其經常性收入。
Similarly, Matrix Concepts (BUY, TP: RM2.22) is poised for positive earnings growth, supported by its developments in Bandar Sri Sendayan and the upcoming MVV 2.0 project. The latter is expected to contribute significantly to earnings growth beyond FY27, with groundbreaking scheduled for December 2024.
同樣,Matrix Concepts(買入,目標價:2.22令吉)有望實現正盈利增長,這得益於其在斯里森達揚市的發展和即將推出的MVV 2.0項目。後者預計將爲27財年以後的收益增長做出重大貢獻,並計劃於2024年12月破土動工。
MIDF Research said the outlook for the industrial property market also looks promising, driven by foreign direct investment inflows and an increase in transaction values.
MIDF Research表示,在外國直接投資流入和交易價值增加的推動下,工業產權市場的前景也令人樂觀。
Companies such as SP Setia Bhd, Eco World Development Group Bhd and Mah Sing, with exposure to the industrial property market, are well-positioned to benefit from this trend.
SP Setia Bhd、Eco World Development Group Bhd和Mah Sing等涉足工業產權市場的公司完全有能力從這一趨勢中受益。
譯文內容由第三人軟體翻譯。