Japan – May Housing Starts
30/06/2020 05:46 pm MYT
T +
T -

Housing starts in May dropped 12.3% year-on-year, to 63,682 units – see figure 1. As shown in table 1, the decline was due to a broad-based contraction in all the major categories of housing starts. Even without Covid-19, the prospects of Japan’s housing sector are bleak due to a high vacancy rate and a shrinking population.

Note from Publisher
In response to the worsening national Covid-19 crisis, Malaysia’s King declared a state of emergency from 12 Jan to 1 Aug. Given that various movement control orders (MCO) were announced just a day before the state of emergency was declared, it is apparent that the state of emergency was intended to address matters that the MCO could not, in particular, political uncertainty.

One of the effects of the state of emergency is that parliament as well as state and national elections are suspended. While this provides some much-needed political stability for the country, whether such a move will lead to the Covid-19 pandemic being brought under control within a short period of time is another question. While the Federal Territories and five other states have entered MCO 2.0, conditions are a lot more relaxed than for MCO 1.0. At the end of the day, whether MCO 2.0 will achieve its intended results will depend on the level of enforcement. Malaysians as well as foreigners in the country will need to exercise great discipline in following the prescribed SOP for this new phase to succeed. Otherwise, the state of emergency will last for an even longer time.
Capital Dynamics Sdn Bhd and Capital Dynamics Asset Management Sdn Bhd, being capital market intermediaries licensed by the Securities Commission of Malaysia, are operating as usual in accordance with the Standard Operating Procedures ("SOP") prescribed by the relevant authorities during the Conditional Movement Control Order (CMCO) period. We will continue to take precautionary measures to protect our employees, clients and other stakeholders. Among others, all visitors must wear face masks, having their body temperature recorded, making health declaration and ensure social distancing when you visit any of our Kuala Lumpur offices. To better manage your visits and avoid inconveniences, you are advised to make an appointment with us before your visit. For our Kuala Lumpur office, you may reach us at +603-2070 2104 or 2105 or 2106 or email us at cdsb@icapital.biz (investment advisory) or enquiries@cdam.biz (asset management).
Stock Selections
Corporate News