anyone knows why Muhibbah dropped so much today? down as low as 2.26

Don't be concerned with the lower unbilled sales. It is simply because of the delay in getting advertising permit delaying their launches for TWY(GDV RM 400m) and Elevia (GDV RM 120m). These 2 projects had very high booking. Go check for yourselves. Once permit is obtained and sales recognised, you will see unbilled sales shoot up. They have mentioned that in their announcement, will happen in H1 FY 2015( next 6 months). Very strong pipeline as well. Growth momentum will continue for a few years underpinned by a strong balance sheet. You can already see how their projects will unfold in the next few years ( from their announcements) to hit Tan Sri's target of Rm 1 B annual sales....this stock will go very far...