Stamp duty waiver to have minimal impact on overall property market, says RHB IB
RHB Investment Bank Research (RHB IB) said the stamp duty waiver announced by the government will have minimal impact on the overall property market.
兴业投资银行研究（RHB IB）表示，政府宣布的印花税减免对整体房地产市场的影响微乎其微。
In a note on 18th July 18, the research house said ongoing market headwinds such as rising inflationary pressure and weakening of the ringgit continue to dampen market sentiment.
该研究机构在7月18日的一份报告中表示，持续的市场逆风，如通胀压力上升和令吉走弱，继续抑制市场情绪。
“Coupled with expectations of higher interest rates ahead, potential homebuyers may defer their purchase of big-ticket items over the next six months.
“加上对未来更高利率的预期，潜在购房者可能会在未来六个月推迟购买大件物品。
“We maintain our 'neutral' call for the sector.
“我们维持对该行业的‘中性’评级。
“Top picks: Matrix Concepts Holdings Bhd and IOI Properties Group Bhd,” it said.
“首选：Matrix Concepts Holdings Bhd和IOI Properties Group Bhd，”它说。
RHB IB said Mah Sing Group Bhd, LBS Bina Group Bhd, Matrix Concepts Holdings Bhd and Tambun Indah Land Bhd will benefit from the incentive, as these developers have relatively high exposure (more than 60%) to property products priced below RM500,000.
RHB IB 表示，Mah Sing Group Bhd,、LBS Bina Group Bhd、Matrix Concepts Holdings Bhd 和 Tambun Indah Land Bhd 将受益于激励措施，因为这些开发商对价格低于 50 万令吉的房地产产品的敞口相对较高（超过 60%）。
It said potential benefits to the bigger players may not be that significant, as mid-range products make up a smaller percentage of their overall portfolio.
该公司表示，由于中档产品在其整体产品组合中所占的比例较小，因此对大型企业的潜在好处可能并不那么显着。
“Although demand-driven incentive is now reintroduced, cost pressure remains a big concern for developers as building material prices remain at high levels, while labour shortage issues have yet to be resolved.
“虽然现在重新引入了需求驱动的激励措施，但由于建筑材料价格仍处于高位，而劳动力短缺问题尚未解决，成本压力仍然是开发商的一大担忧。
“Therefore, we foresee potential downside risk to developers’ earnings in the coming quarters,” it said.
它表示,“因此，我们预计未来几个季度开发商收益可能面临下行风险。”