This blog here shows much confidence in Titijaya's stock..
http://www.investlah.com/forum/index.php?topic=60011.msg1155988;topicseen

So who is buying? i think the company has been through the same RPGT in previous years, taking into account of how long its been around.

Thinking thinking.....what other factors to consider?

i see, so to value a property company is through NTA? what about their future development prospects? if i'm mistaken their take up rate is quite good. Cause i went to see the ara project and its i think 70% booked.

If i calculate correctly, their launches for 2013 and 2014 will amount to 2b

but from Kenanga They provide Titijaya’s Fair Value at RM1.75 based on a conservative 40% discount to their DCF-driven FD RNAV of RM2.91. Net gearing to likely pared down to 0.04x post-IPO.

In short to midterm Titijaya price may not perform well due to market sentiment. In long term it's a good stock due to its landbank.

With dividends up to 30% and good future projects in the pipeline, pretty high margins for a property developer

http://www.theedgemalaysia.com/business-news/262408-ipo-kenanga-subscribe-to-titijaya-fv-at-rm175-.html.

Seems pretty solid... how do you decipher this?