Company earning, fundamental and prospect is good. Panic selling is due to short term investor's emotion. Vietnam land is only a very small portion of the company investment, less than 10%, shouldn't affect much. Good time to collect low price. PE now is only 3, much lower than peers of about 8. Wait and hold for a longer period. Market will reflect the real value of this stock.
Chart looks weak. MACD trending downwards. Support pegged at 54-55. Sentiment hit by bad news & uncertainty over Johor massive Forest city overhangs. If project collapse multiple effect on other property
Property sector is hot recently. If you missed this wave, you can also check out one of their vendors, Econframe Berhad. Btw, its warrant is very active recently
Property development is the destruction of fertile agricultural land. Thus, creating artificial shortage of food supply and denying animals of their habitat. Greed of humans is the cause of extinction of many living beings. They are proud of pigeon hole homes and drown in false satisfaction of living in cubicle similar to prisoner cells. The difference between city dwellers and prisoners is, prisoners don't pay. They create a living atmosphere, full of stress, pretend to be busy and abandoning their parents, cry over booming living expenses for basic necessities. When they get a few days off they run out outskirts and yearn for peaceful life which they destroyed. Silly educated fellows.
Big cap able to withstand pressure & plus any unexpected economic turbulance. Deep pockets vs small cap companies that relies either on borrowing's or project sales that are worse affected during any down turn. Without any sizeable lands bank reserve the small cap properties are suspectible to high development built up cost. This is the reason why analysts only favour big cap stocks like Sime prop or IOIP that have sizeable holdings and plantations land bank. Just my 2 cents not a sell call. Please do your research before you buy or sell
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....
therationaleinvestor
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Posted by therationaleinvestor > 2023-10-06 14:15 | Report Abuse
Budget next week, good news for property development... lai liao