Kenanga Investment Bank Bhd believes the Property sector is bottoming out but still lacks strong catalysts. The bank is advising investors to be selective in their investments, says head of equity research Sarah Lim. “We reckon rebound or laggard plays with decent sales trajectory are worthwhile, such as IOI Properties Group Bhd. Most other developers are expected to be range-bound,” she says.
This post first appeared on Penang Property | Apartment-Penang.com, please read the originial post: here