On construction, Chong and Khoo are “long-term positive”, as the Malaysian government has announced an infrastructure fund to support power, water, roads, electricity, gas and to some extent land.
Following the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) on Jan 7, analysts from UOB Kay Hian (UOBKH) have advised to “buy” on weakness of fundamentally strong property sector names.
Analysts Desmond Chong and Vincent Khoo are positive on the establishment of the JS-SEZ, noting that the unique value proposition brought about by both regions could boost economic activities in multiple sectors while capturing the rising foreign direct investment (FDI) following global supply chain realignment.
