{"id":3659,"date":"2015-01-02T10:40:14","date_gmt":"2015-01-02T10:40:14","guid":{"rendered":"https:\/\/www.propertyempire.com.my\/blog\/?p=3659"},"modified":"2015-03-23T10:41:31","modified_gmt":"2015-03-23T10:41:31","slug":"cimb-research-downgrades-property-sector-to-neutral","status":"publish","type":"post","link":"https:\/\/www.propertyempire.com.my\/blog\/cimb-research-downgrades-property-sector-to-neutral\/","title":{"rendered":"CIMB Research downgrades property sector to ‘neutral’"},"content":{"rendered":"

KUALA LUMPUR (Jan 2): CIMB Research<\/a><\/span> has downgraded the Property sector to \u201cNeutral\u201d from \u201cOverweight\u201d and said while the property sector was one of the better performing sectors in 2014, that would be difficult to sustain in 2015 in view of the imminent implementation of the 6% goods and services tax (GST) starting Apr 1.<\/p>\n

In a note Friday, the research house said 2015 was going to be another tough year for developers in terms of sales and investors should be selective in their exposure to property stocks.<\/p>\n

\u201cWe downgrade the property sector from overweight to Neutral while downgrading UEM Sunrise Bhd<\/a><\/span> (\"\"Financial Dashboard<\/a><\/span>) from \u201cBuy\u201d to \u201cHold\u201d and S P Setia Bhd<\/a><\/span> (\"\" Financial Dashboard<\/a><\/span>) from \u201cHold\u201dto \u201cReduce\u201d.<\/p>\n

\u201cOur top picks remain the top-2 best-managed companies in the sector, Mah Sing Group Bhd<\/a><\/span> (\"\" Financial Dashboard<\/a><\/span>) and Eco World Development Group Bhd<\/a><\/span> (\"\" Financial Dashboard<\/a><\/span>). They have the best chances of bucking the softer sales trend,\u201d it said.<\/p>\n

CIMB Research said developers faced a slow 1H14 on the back of the 2014 Budget measures to curb speculation announced in Oct 2013.<\/p>\n

But it said property sales started to pick in 2H14 on the back of renewed confidence and expectations that property prices will rise after GST is implemented.<\/p>\n

\u201cWe believe this pick up in buying momentum will continue in 1Q15, but buyers will likely adopt a wait-and-see attitude for 6-9 months after that, which would be in line with the typical consumer behaviour experienced in most countries that implemented GST.<\/p>\n

\u201cThe net effect is that 2015 could end up being a similar year to 2014 in terms of property transactions, which we would categorise as a lacklustre year,\u201d it said<\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR (Jan 2): CIMB Research has downgraded the Property sector to \u201cNeutral\u201d from \u201cOverweight\u201d and said while the property sector was one of the better performing sectors in 2014, that would be difficult to sustain in 2015 in view of the imminent implementation of the 6% goods and services tax (GST) starting Apr 1. …<\/p>\n

CIMB Research downgrades property sector to ‘neutral’<\/span> Read More »<\/a><\/p>\n","protected":false},"author":17,"featured_media":3660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","footnotes":""},"categories":[13],"tags":[],"uagb_featured_image_src":{"full":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage.png",600,400,false],"thumbnail":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage-80x80.png",80,80,true],"medium":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage-300x200.png",300,200,true],"medium_large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage.png",600,400,false],"large":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage.png",600,400,false],"1536x1536":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage.png",600,400,false],"2048x2048":["https:\/\/www.propertyempire.com.my\/blog\/wp-content\/uploads\/2015\/03\/cimb_logo.ai_.storyimage.png",600,400,false]},"uagb_author_info":{"display_name":"Admin Property Empire","author_link":"https:\/\/www.propertyempire.com.my\/blog\/author\/admin-2\/"},"uagb_comment_info":0,"uagb_excerpt":"KUALA LUMPUR (Jan 2): CIMB Research has downgraded the Property sector to \u201cNeutral\u201d from \u201cOverweight\u201d and said while the property sector was one of the better performing sectors in 2014, that would be difficult to sustain in 2015 in view of the imminent implementation of the 6% goods and services tax (GST) starting Apr 1.…","_links":{"self":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3659"}],"collection":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/comments?post=3659"}],"version-history":[{"count":1,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3659\/revisions"}],"predecessor-version":[{"id":3661,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/posts\/3659\/revisions\/3661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media\/3660"}],"wp:attachment":[{"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/media?parent=3659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/categories?post=3659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyempire.com.my\/blog\/wp-json\/wp\/v2\/tags?post=3659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}