All counter were up but only Plenitude down.
Not sure why, but take a look on the FA.
Net cash position with 81millions on hand,
2006 2007
Land held for properties development : 98.66 138.64
Property development expenditure ( current ) : 139.67 131.50
Property development expenditure(not current) : 166.28 175.30
I did not see there any changes with the fundamental. With the current property development expenditure still remain the same, i expect them to achieve the same result for the next year. With the cash on hand, they can buy and develop any land anytime. This counter is too cheap with 2.96.
Pjdev and Plenitude are still the favourite. :) . still confidence with malaysia property counter. Government will make it "hot".
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