KUALA LUMPUR, Aug 16 (Bernama) -- ECM-Libra Investment Research prefers laggard mid-capitalised property stocks such as Sunway City Bhd and Sunrise Bhd.

In a research note here Monday, it said there was little upside seen in big-cap stocks.

It said among the non-rated property stocks, it preferred Mah Sing Group Bhd.

"For exposure to commercial property development, we prefer Glomac due to its undemanding valuations and knack for securing en bloc deals with local institutional funds," it said.

ECM Libra said while it maintained 'overweight' stance on the property sector, it only liked the residential sub-segment.

"This is due to strong sales momentum amid still low interest rate and positive sentiments.

"The recent increase in 25 basis points in the overnight policy rate is unlikely to dampen interest in property as interest rate levels remain accommodative," it said.