Haikeyila....I fully agree...with many land banks in KL...huge potential when land price is getting higher and higher...good to hold for the long term...but with the volumes today....how many of them is for long term...I'm sure there is also many contra players....
All properties developer will face RPGT no matter what....within 3 years time...those land bank in KL...might be already double the existing prices...if you look at the properties prices in KL nowadays...landed property...easily into million...3 years time?? Cannot even afford a condo...have to buy in Seremban or even further...
It's when this weak retailers and contra sell at T4...might create some panic selling...which always happens...just have to hold on to your horses...similar to what happen several days ago in Dsonic...when volume increase several day and contra people start selling...price fluctation..long term investor should be ok....if buying trend continue...
i tot this company's projects are more on retails space, office units, industrial park and commercial building? these kind of projects are much more better than residential lor...^_^
As long as the volume keep increasing in the range of 1.70 and above...should be fine..these set of buyers..will not sell lower and will be asking for higher price...
Consider still up 10%...if get stuck in higher price...just wait for longer term...when banker start coverage of this share and set a TP....based on the profit indication of this company for 1 qtr...the TP should not be too bad...
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
kelvinongbk
1,078 posts
Posted by kelvinongbk > 2013-11-27 10:38 | Report Abuse
Typical example of the past two new IPO Karex and Caring...take a look at the volumes and how the share price react...