nothing to do with the contributions, most likely they havent recognise the next stage of completion revenue yet, haven't finish the next % of the building

anyone have any ideas on the current sales of G Residence now? how many % have been purchase up to date

In terms of performance, not too worrying cause they started recognizing profits, more worried on the overall market outlook :x

why are people selling off GSB? due to market sentiments?

yeap Show you are right on that and I think their iskandar condo hasn't sold out yet, once its all sold out, GSB would be recording bigger profits in coming quarters and I'm expecting them to maintain a profit position for the next 2-3 years (until g residence is completed). I hope they will launch their projects this year tho, cause the whole process takes quite a while to realize profits, this is a slow but high potential counter for patient investors

haha, Calvin drama king... I guess he's more like day traders, when counter is good based on current market, buy, when its bad, sell. I'm in for the long haul for GSB because of their records and the counter is cheap now, it won't be at this price few years later

what is the site in Iskandar progress?

persie: lets say if the GDV is 168 million (should be higher because im using 350k as a rough calculation per unit price only). assuming if 40% of the project is sold and the property has completed 20% of the development. Then the revenue recognized is RM168 million x 40% x 20% = RM13.4 million. you know when you buy a house there is something like a schedule to state x% of property completion, then bank will release x amount to developer? It's the similar concept. you cannot recognize all the figures into your income statement yet, just the units sold and the % of project completed, the unsold units will be recorded as assets in the balance sheet. a general rule is to be able to break even for a project, at least 70-80% of the project must be sold out I think, depending on the project itself.
paperplane: that's why I get frustrated sometimes when I see a lot of ppl posting but no idea what they are talking about

a simplistic calculation for project value would be the number of units 458 + 22 retail units x say the lowest unit price is 350k (check the approximate market value for properties surrounding it to justify the value per sq feet around the area) = $168 million. of course this is a very rough estimate. then you multiply by a estimated profit margin to know whats the project's contribution like. if they overrun their cost then its gonna look bad, if cost if managed wisely, its gonna be projected in their future profits when the properties are sold. if wanna get an accurate figure more analysis needs to be done. don't forget it is a 3 years project, if wanna goreng I don't think this is the counter yet. it is indeed a slow counter for the time being as they are launching their projects slowly, I would think one of the implication at the moment could be GST

it depends on the property sales. is there any accountants or people experienced in property development posting the comments here? what's the current sales for G Residence? if the units haven't been sold it will not be reflected in their performance for the quarter yet. plus revenues are recognized based on % of completion. they just started the project not longer ago, if can't wait sell off the shares lo

if you believe it's a good stock, holding a few years is not a problem. if it's bad, even if goreng or limit up also you scared because the company fundamentals are bad, patience will pay :)

nowadays people who buy shares are really impatient, buy today expect next month to rise. quickly sell cheaper so I can stock up more and don't regret later :D

lol, the project is fully sold out in Iskandar, why worry brake?