Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
BNM kept OPR at 2.75% again. For an affordable-housing developer, stable borrowing costs are a cleaner macro fit than trying to link it to every property theme in the market.
With their focus on affordable housing, the margins are tight but the demand is super resilient for the long haul. If they keep managing their debt well like this, the valuation remains attractive for investors looking to hold for a few cycles.
Don't stress over that resistance level because those stellar quarterly results show the company's fundamentals are solid and ready for a major breakout soon.