Rowsley/ Albedo

Rowsley/ Albedo: Both counters are up today following their recent share price weakness in the past week. On the contrary, Maybank-IB released a rpt today, expecting the Malaysian property market to be hit hard by the new property cooling measures of Budget 2014, coupled with stricter mortgage lending. The house is concerned on the intensifying competition with the entry of Chinese developers into Iskandar Malaysia, deluging the market with a massive supply of high-rise mixed development projects.