...zZZ...sleep....sleep.....don't wake up....

I see that KL land had been used up, the leftovers land are too high in terms of pricing. Now developments are moving towards Sungai Buloh, Rawang. More housing units are required as population there are increasing, more mid-lower income people are moving there and more factories are rising up there. Lands are like stock to developer, how they develop it is like how they package them. In this kind of Malaysia economy, when property price is dropping, it's wise for big developer company to increase their stock rather than focus on making on money. However, still need to balance their gearing as interest are going up as well.
For an investor wise, I think it's still early to invest in such developer company as for the current market, investment in manufacturing companies which receiving their payment in USD, would have a better outcome, hedging against our current currency.

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Agree with Tsuto, if I'm the director of the company I will most probably be the same way....kekeke..if one can hold for long term, I think will make some profit from it....maybe at a point high on the graph where you think the profit is justifiable...eg RM2+ @ June 2013..maybe somewhere in June in 2016 it will hit RM2+ again? Who knows? There you can cash out your money and enjoy some profit...(btwn, the price is only 90cents now...considering it's NAPS and ROE, it's quite low....) This is solely just my thought....doesn't mean to offend anyone :)