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GfK Market Insight, Malaysia. April 2013

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After Barisan Nasional retained control of the federal government in GE13, several government linked companies (GLC) counters were seen to lead the way in the wake of the market uptrend and these include CIMB Group Holdings Bhd, UEM Land Holdings Bhd and Gamuda Bhd.

Property developers have also reported a rise in earnings since GE13. Trading volume for property traded up from 233.5m middle of May to 385.3m towards the end of May.

According to the Edge Malaysia, the residential property market in the Klang Valley is expected to be more active compared to the time prior to GE13. Malaysians were holding back expenditure due to political uncertainty, holding a ‘wait and see’ attitude towards the overall market.

This will possibly lead to a buildup in sales momentum for all goods and services towards Q3 and Q4 of this year.

In other news, Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is optimistic that it will achieve this year’s target to sell 3% more cars than last year. Up till April 2013, the car manufacturer reported a 9% increase in sales compared to the same period last year.

Perodua President and CEO mentioned that since the Ministry of International Trade and Industry explained that reduction in car prices will only take place gradually over 5 years, Malaysians will no longer wait to make a purchase since prices are not expected to change very much in the short term.

For more details, please download GfK Malaysia’s monthly overview and highlights.

DOWNLOAD GfK Malaysia GMI April 2013

GfK Malaysia GMI April 2013
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