Mirilang keep mentioning useless counter. Chances are he is buying it during IPO opening when the price is at max. Probably a short term buyer where he is at wrong counter at this year. When IOI split the property segment, they have already known it is going downward these couple of years. They would have drag down its CPO segment when CPO is going up these couple of years. Its the speculators that are buying in big time when IPO is release.

Based on track record of how epf buy and sell, I won't rely on them buying to be confident of counter durability. They can sell at anytime, the moment the make a little profit, they have done it before and they will do it again.

When you buy into property counter this year, you should have expect its pricing to be suppressed due to the property market already not in good condition since late last year. If you expected short term massive return, you're in the wrong counter at the wrong time. A couple of years ago, then its the type of stock to "profit" in short term but not now. Property market are in downward trend, so its a buy for those going for long term. Buy will it's price is suppressed, not when its on the way up (recovery). This is the mid to long term counter for this couple of years. Expecting recovery in 2-5 years time unless worldwide market crashed.