RHBInvest Research

Top Story: Property

• Changing industry dynamics point to interesting times ahead
• We maintain our Overweight stance on the sector.
• Our picks for the year are: SP Setia (OP, FV = RM6.95 (from RM6.50 previously), and IJMLD (OP, FV = RM3.50) for big caps; and KSL (OP, FV = RM2.78) and Mah Sing (OP, FV = RM2.50) for small-mid caps.