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491億令吉,但馬來西亞國民銀行投資銀行有限公司(MIDF研究)對馬來西亞房地產板塊保持樂觀態度,稱累積貸款申請增長和穩定的貸款批准率是健康房地產市場的關鍵因子。
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,當前利率持續低位,隔夜拆息維持在3%,預計將支撐房地產市場的買家信心。
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研究維持該板塊的買入評級,並將馬星集團有限公司和Matrix概念控股有限公司列爲首選。
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.
馬星(買入,目標價[TP]:RM2.03)在2024年前八個月以新銷售達到16.6億令吉的強勁表現,有望實現其全年25億令吉的銷售目標。該集團進軍數據中心預計將增強其循環收入。
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概念(買入,TP:RM2.22)預計將實現正面收益增長,受惠於其在Bandar Sri Sendayan和即將推出的MVV 2.0項目的發展。後者預計將在2024年12月開工,預計將大幅 contribution至FY27以後的收益增長。
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研究表示,工業地產市場前景看好,受外資直接投資流入和交易價值增加的推動。
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.
擁有工業地產市場暴露度的SP Setia有限公司、Eco World發展集團有限公司和馬星等公司,將受益於這一趨勢。
譯文內容由第三人軟體翻譯。