Beaten-down property stocks at bargain levels


JUST over seven years ago, the KL Property Index (KLPI) was trading at the exact level where it is trading today.

At the same time in October 2011, the FBM KLCI was trading at 1,428 points. Fast forward to today, the FBM KLCI was last observed at 1,738 points based on Thursday’s close, up some 22% over the past seven years while the KLPI is basically flat. In fact, the KLPI has underperformed mostly in 2018 itself as the index is down some 27% since the start of the year while the KLCI is down 3.3% year-to-date.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , pankaj , column

   

Next In Business News

US weekly jobless claims unexpectedly fall
Thong Guan Industries to sell unit in related party transaction
7-Eleven Malaysia sees stronger 4Q ahead
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
Bank Islam launches new digital banking platforms
Mega First’s net profit rises to RM116.64mil in 3Q
Fajarbaru net profit triples to RM8.42mil in 1Q25
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil

Others Also Read