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TA Securities optimistic on Penang’s property market

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The Penang Transport Master Plan (PTMP) will serve as a solid rerating catalyst for the state’s construction sector.

Penang property market is an attractive investment opportunity for investors and developers, says TA Securities.

TA Securities maintains its ‘overweight’ stance on both the Property and Malaysian real estate investment trust sectors,” TA Securities said. Other listed construction players that could potentially benefit from the PTMP include IJM Corporation Bhd and WCT Holdings Bhd .

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