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Performance of Property Listed Companies in Malaysia : 1996 - 2007

Wan Marazah, Wan Zahari (2008) Performance of Property Listed Companies in Malaysia : 1996 - 2007. Masters thesis, Universiti Utara Malaysia.

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Abstract

This thesis examines on the performance of listed property companies in Malaysia within three sub-periods: pre-crisis, during crisis and post-crisis. The period of this study started from 1996 to 2007. By using Sharpe Index, Adjusted Sharpe Index, Treynor Index, Jensen Index and Adjusted Jensen Index, the result of this study shows that the performance of listed property companies over-performed the aggregate market or Kuala Lumpur Composite Index (KLCI) and Kuala Lumpur Property Index (KLPI). Further examination on the performance of the property companies in the three sub-periods shows there was a significant difference in the performance of the property listed companies as compared to the KLCI and KLPI before, during and after the financial crisis 1997. An obvious observation in the result is that most of the companies listed under property sector as well as the aggregate market as a whole and the property index were showing an average negative return. This would mean that investors and fund managers would need to take extra caution to include property stocks in their portfolio. As for the regulators, more efforts needed to be done to boost this sector.

Item Type: Thesis (Masters)
Uncontrolled Keywords: Real Estate Business, Financial Crisis, Kuala Lumpur Composite Index (KLCI), Kuala Lumpur Property Index (KLPI)
Subjects: H Social Sciences > HD Industries. Land use. Labor. > HD1361-1395.5 Real Estate Business
Divisions: College of Business (COB)
Depositing User: Mr Husni Ismail
Date Deposited: 12 Oct 2009 09:24
Last Modified: 24 Jul 2013 12:06
URI: http://etd.uum.edu.my/id/eprint/298

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