Bucking the trend
Doreenn Leong | 02 Aug 2019 00:30
It has not been a good year for most property stocks. The subdued property market has meant dampened prices for developers. Only a few, at most, have seen minimal gains.
But if you had bought into YNH Property Bhd (YNHP) in the last one year, you would be laughing all the way to the bank. Its share price has risen a massive 169% in the last 52 weeks to a high of RM2.80 on July 31 from just RM1.04 on Nov 14, 2018.
“The counter has done really well. Earnings are not so great but its share price has performed great,” says a fund manager.
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