Property Sector Still Stays Cool

The performance of listed property players on Bursa has been challenging with the KL Prop Index down 7% YTD reflecting the general trend of earnings. However will Budget 2023 bring much needed catalysts for this sector or has the recent hike in the OPR pushed the recovery in the sector further back. Loong Kok Wen, Senior Analyst, RHB Research gives us her insights.