Property stocks have been performed fairly well in 2007. I would believe those property stocks which have good development project in strategy locations(KL city center, Mont Kaira, Damasara, Penang, IDR) will continue to have good run in 2008. Investors could consider Mahsing, Glomac, Plenitude and YTL Land property stocks.
Recently, both Glomac and Mahsing has proposed enbloc sale of the new office building project to Middle-East investor. The deals allow developers to secure the sale and will be key contribution for the next 2-3 years.
I will give a brief overview of Mahsing and its latest financial data later.