@Rabbit494 Haha if I am rich I would definitely buy more.

@val It's a winner that I am holding onto and I am glad to have done just that. Thank you for your advice, will look out for each other when there is other announcement to be made by the company!

@Rabbit484 It got me thinking at first: Will this be like Serba Dinamik? Of course, I did my fundamental research so were partially relief by the numbers from its turnaround. Just that share price fluctuating widely made me felt unease. Anyways, thank you for the words of reassurances ^^

@Rabbit484 Haha I shall wait it out then. I was worried if something bad happened that the share price plunge from its most recent high breakout that got me looking weirdly at it.

@roger3210 Ya. First time, I major in finance and in eco though. Felt like all that I've learn are in the opposite direction.

156.18m revenue 17.23m net
113.84m revenue 11.12m net
76.58m revenue 136.00k net

That's from Q1 to Q3. The turnaround is amazing though, why dismal share price? I really don't get it.

@Nemesis @Val Do you know why the share price is in deep red? The turnaround is warranted by actual performance in its balance sheet. Yet, sell off to me seems weird?

Hmm, hoping that RHB's technical resistance at 29cts will play out. AVALAND has long been asleep and muted due past dismal performance.

KUALA LUMPUR (Jan 4): RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.

In a trading stocks note on Thursday, the research house said that if a breakout occurs, the stock will likely advance towards the 52-week high level at the 29 sen resistance, followed by 35.5 sen, its highest level since April 1, 2021.

It remains confident on the Iskandar Malaysia property market given the concentration of high profile investments and infrastructure developments that are taking place in the southern region.

The revival of the High Speed Rail project is a re-rating catayst for the sector.

"We expect more aggressive landbanking activities in 2024. Eco World, AME Elite Consortium, Mah Sing, and Avaland are amongst the developers that are on the lookout for land parcels. Areas of interest are primarily Iskandar Malaysia, and the Klang Valley. In September 2023, Eco World acquired 404 acres of land in Kulai from IOI Properties," RHB research said.

RHB is expecting AVALAND to do the same? This means greater levels of exposure to Johor and other state' landbank? Hmm

Overall macroeconomic environment, government policies and investment flows are expected to spur property sales for developers by between 10 per cent and 15 per cent in 2024, compared with 2023.

RHB research in its note said aggregate property sales remained resilient based on the latest sales numbers released by developers.

Excluding the bulky overseas property sales in 2Q23 recorded by UEM Sunrise and Sunway Bhd, nine-month 2023 aggregate property sales grew nine per cent from the same period last year, suggesting healthy demand for property locally.

“With stable building material prices recently, property developers have been more inclined to advance bidding discussions for their upcoming projects. Hence, this positive outlook bodes well for us to secure new projects and improve our earnings,” Tuju Setia managing director Wee Eng Kong said.

Okay. I think RHB might be right

Can anyone affirm whether today's volume spike is due to anticipation of 2024's net profit and revenue turning around?

Prior to this, Avaland had been overlooked by investors due to its dismal performance in recent years and the slowdown in the real estate market.

RHB Research stated that due to majority of building works completed by the group’s internal construction arm, there were a lot more flaws as well as higher rectification costs and overheads in the past.

Avaland has decided to place more focus on building brand equity by offering quality products for long-term growth sustainability.

RHB Research said one of the biggest shifts undertaken by Avaland in recent years has been the group’s outsourcing of the design, architecture and construction work for all of its projects.

Its net gearing fell to 0.15 times in the nine months of 2023 as compared to 0.23 times during last year.

Going into FY24, RHB Research said Avaland, a real estate and property developer, is looking to acquire more land banks for niche development.

The group will also be launching Amika Residences in Subang Jaya, Anja in Bangi, and Aetas in Seputeh, with the projects expected to have a combined gross development value of RM1.33bil.

RHB Research said Avaland’s property sales are likely to reach between RM500mil and RM700mil in FY23 and FY24, respectively.

Its unbilled sales are predicted to increase to a peak of RM867mil in the nine months of FY23 as compared to RM720mil in FY22.

Source (TheStar): Avaland Bhd is expected to have stronger earnings momentum going into financial year ending Dec 31, 2024 (FY24), backed by the right products and strategies for its upcoming projects and land banking plans.

This means higher net profit and revenue in 2024 right?

Does RHB's TP stil stand?