21 July 2011

Recent Volatility in Malaysia Property Stocks

I am not surprised that Malaysia Property stocks rebound recently due to the oversell activity. To curb the inflation rate as well as to reduce the household debt level, one thing for Malaysia government to do is not only to carry out affordable housing scheme to the citizens but to increase the household income of Malaysia.

It is really a very sad thing that most of the Malaysia talents are moving to another countries. However, I believe that Malaysia property market is supported by those citizens that are currently working in oversea who are hoping to retire in Malaysia one day later (Including Myself).

Recent rise in property in Klang Valley is too over to me as I believe that most of the people are looking good on property market and can't hesitate to enter property market hoping to earn some fast earn money. It is similar to Singapore property market now.

Nevertheless, I will keep on watching the property market in Iskandar Malaysia and Singapore and report to you.

Mah Sing Group Bhd and SP Setia Bhd rose in Kuala Lumpur trading after CIMB Investment Bank Bhd said the recent sell-off in the Malaysian property developers was overdone.

Shares of Mah Sing climbed 7.7 per cent to RM2.39 at 10:27 a.m. local time, set for their biggest gain since Nov. 25.

It was the stock’s first gain in eight days.

SP Setia added 1.3 per cent to RM3.80, snapping an eight-day slide.

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