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Property sector sentiment dragged down by following news:
Market observers attributed the heavy selling in S P Setia to the larger-than-expected losses from its Battersea project in the UK, which also dragged its project partner Sime Darby Property Bhd (KL:SIMEPROP) and sparked profit taking across the sector.
Anyone can read the latest Chinese article up there and summarise , thanks coz cannot press translate button, I understand the title osk and ioipg will be 2 big winners
The Chinese articles are about how osk and ioipg will benefit from the civil servant pay hike, which can go as high as 42%. I'm guessing OSK cause of their civil servant financing business, and for ioipg the article mentioned their ioi resort is going to be the main beneficiary, with Putrajaya population already reached 100k in 2020
