Cap seen for any upside in property stocks
Anticipated residential price recovery deemed as factored into developers' share prices
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
EVEN as a residential price recovery looks imminent to many analysts who have an "overweight" view on the sector, some are seeing limited growth headroom for developers' share prices.
Most developer stocks, especially the large-caps, have priced in the looming recovery, they say. But a more bullish report from Daiwa Capital Markets on Thursday noted that the valuations of developers with meaningful landbank are still undemanding ahead of the residential market recovery.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
