logo
MBSB IB remains bullish on property sector amid OPR cut, Johor catalysts

MBSB IB remains bullish on property sector amid OPR cut, Johor catalysts

The Sun16-07-2025
KUALA LUMPUR: MBSB Investment Bank Bhd (MBSB IB) remains sanguine on the property sector, given the healthy buying interest in the second half of 2025, with the Johor-Singapore Special Economic Zone and the Johor Bahru–Singapore Rapid Transit System continuing to be catalysts to the sector.
In a note today, the investment bank said the recent overnight policy rate (OPR) cut will boost buying sentiment for properties.
'Hence, we maintain our positive stance on the sector, with Mah Sing Group Bhd, UOA Development Bhd and Matrix Concepts Holdings Bhd as our top picks.
'We like Mah Sing as its strategy of selling affordable residential property will sustain its new sales growth while the recent OPR cut will increase affordability among buyers, specifically first-time home buyers,' it added.
MBSB IB said it also favours UOA Development for its decent dividend yield of 5.6 per cent, compared to the compressed Malaysian Government Securities (MGS) yield of 3.4 per cent and average real estate investment trust (REIT) yield of 4.4 per cent.
'Besides, UOA's recent maiden venture into the Johor property market will support new sales growth in the future.
'Meanwhile, we see a strong catalyst from MVV City to Matrix Concepts, which will provide an earnings catalyst on top of the stable contribution from Bandar Sri Sendayan. Besides, the dividend yield of Matrix Concepts is attractive at an estimated six per cent,' it added. - Bernama
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Revised GDP Growth Forecast Reflects Malaysia's Economic Realities -- Economist
Revised GDP Growth Forecast Reflects Malaysia's Economic Realities -- Economist

Barnama

timean hour ago

  • Barnama

Revised GDP Growth Forecast Reflects Malaysia's Economic Realities -- Economist

BUSINESS By Harizah Hanim Mohamed KUALA LUMPUR, July 28 (Bernama) – The revised projection for Malaysia's GDP growth in 2025 by Bank Negara Malaysia (BNM) is a realistic forecast that aligns with the economy's underlying growth potential, said economist Professor Geoffrey Williams. The central bank has revised Malaysia's 2025 GDP growth projection to between 4.0 per cent and 4.8 per cent, down from its earlier projection of 4.5 per cent to 5.5 per cent. BNM's projection takes into account various tariff scenarios, ranging from continued elevation of tariffs to more favourable trade negotiation outcomes. Williams attributed the revision of the growth forecast to uncertainties surrounding the United States government's tariffs. 'However, from a local perspective, domestic demand remains strong and is expected to benefit from a lower Overnight Policy Rate (OPR) and the one-off RM100 cash handout for all citizens aged 18 and above, which is part of Prime Minister Anwar Ibrahim's series of economic measures. 'Although Malaysia's total trade and exports have been strong, it is net trade that matters for growth, and this has been squeezed by front-loading and volatility due to the delayed tariff negotiations,' he told Bernama when contacted. Williams pointed out that the downgrade in growth expectations was anticipated and widely communicated. The central forecast now stands at approximately 4.5 per cent, down from the previous forecast range of 4.5 to 5.5 per cent. 'The original forecast was optimistic even under normal circumstances, without the downside risk posed by the tariff negotiations. There are no significant concerns about growth potential, except for the direct effects of tariffs on Malaysia and major regional markets,' he added. Asked about the impact of the revised GDP forecast on job creation, household spending, and investor confidence, Williams said he expects the unemployment rate to remain low, job creation will continue as normal, and investor confidence to stay relatively unaffected.

Local Retailers Extend Buying Streak For Third Week -- MBSB IB
Local Retailers Extend Buying Streak For Third Week -- MBSB IB

Barnama

time10 hours ago

  • Barnama

Local Retailers Extend Buying Streak For Third Week -- MBSB IB

BUSINESS KUALA LUMPUR, July 28 (Bernama) -- MBSB Investment Bank Bhd (MBSB IB) said local retailers extended their net buying streak for a third consecutive week, with a net inflow of RM105.4 million for the week ended July 25. Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million. 'The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million). Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million). MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week. The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. -- BERNAMA

Local retailers extend buying streak for third week
Local retailers extend buying streak for third week

The Star

time11 hours ago

  • The Star

Local retailers extend buying streak for third week

KUALA LUMPUR: MBSB Investment Bank Bhd (MBSB IB) said local retailers extended their net buying streak for a third consecutive week, with a net inflow of RM105.4 million for the week ended July 25. Meanwhile, foreign investors continued their net selling for a third straight week, posting a smaller net outflow of RM89.9 million compared with RM206.1 million in the previous week. Foreign funds were net sellers on all trading days except Wednesday and Thursday, with daily outflows ranging between RM21.0 million and RM136.5 million. "The largest outflow was recorded on Friday, followed by Monday with RM52.3 million and Tuesday with RM21.0 million. Wednesday and Thursday saw net inflows of RM97.3 million and RM22.6 million, respectively,' MBSB IB said in its weekly Fund Flow Report. The top three sectors that recorded the highest net foreign inflows were transportation and logistics (RM158.7 million), utilities (RM69.5 million), and construction (RM51.4 million). Conversely, the financial services sector saw the largest net foreign outflow (RM174.1 million), followed by technology (RM80.8 million) and telecommunications and media (RM70.8 million). MBSB IB also reported that local institutions extended their net selling streak to two weeks, with a net outflow of RM15.5 million, compared with RM33.3 million in the prior week. The investment bank added that the average daily trading volume (ADTV) fell across the board last week, with declines of 5.5 per cent for foreign investors, 2.1 per cent for local retailers, and 0.8 per cent for local institutions. - Bernama

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store