Is KSL one of the better Bursa property companies?

While the Malaysian property companies have recovered from the effects of Covid-19, it is still a long way to recovering to the 2013/14 peak.

The top chart below shows the ROE of the Bursa property companies with total equity greater than RM 1 billion. You can see the recovery post-2020.

The chart also shows that KSL was an outstanding performance pre-Covid and suffered badly in 2020. However, it seems to have recovered to have its ROE greater than the upper quartile of the large property companies.

But if you look at KSL share price, (bottom chart) it did not dip significantly in 2020 like its ROE. So unless you think that its ROE in the next 2 years will reach the 2024 level, I would not expect the share price to uptrend so much.

For more insights into the property sector, go to “Will the Malaysian Property industry turn around by 2024?” https://www.i4value.asia/2021/06/will-malaysian...

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