Posted by mikeann > 1 month ago | Report Abuse

KUALA LUMPUR (July 30): Avaland Bhd (KL:AVALAND) topped out Alira Subang Jaya, a serviced residence in Tropicana Metropark, Subang Jaya, which has achieved a 95% take-up rate, on Monday (July 29), according to a press statement on Tuesday.

https://theedgemalaysia.com/node/720923

Posted by SKY2 > 1 month ago | Report Abuse

bought this small cap jewel , still much undervalued

Posted by fregend > 1 month ago | Report Abuse

why hidden gem?

Posted by mikeann > 1 month ago | Report Abuse

https://research.rhbtradesmart.com/sites/default/files/attachments/2024-05/my_top_20_malaysia_small_cap_jewels_scb2024_rhb.pdf

Posted by enigmatic [bamboo investing style] > 1 month ago | Report Abuse

My fair value for AVALAND is RM0.46.

Posted by Ayong21 > 1 month ago | Report Abuse

0.46 too high about 25 sen is right

Posted by leokoo > 1 month ago | Report Abuse

might as well say 0.17 :p With the P/E of 4.63 (compared to Mahsing, P/E of 20, or SP Setia, P/E of 10), Avaland is undervalued

Posted by Val-Elta > 1 month ago | Report Abuse

Actually, the problem with Avaland is due to our own fellow Avaland investors themselves, as long as we have fellow investors willing to take quick few % profits, or worst cut loss, the share price will hard to appreciate. Don't say Mahsing etc in the property area, plenty of other shares in KLSE that doesn't make sense or justified with high PE, but people keep buy into them, and eventually get burned like the recent tech crash.

With the latest unbilled sales of 950m locked, 1H new property sales of about 470m, Avaland is on track to finish 2024 with ~900m new sales for the year, supporting consistent EPS of 1.5-1.7 per share, reducing finance charges, improving cash flow and net cash per share to eventually possible dividends 1 year+ later, but these are long term goals, and I really doubt most of the investors look at such horizon anymore.

Posted by Val-Elta > 1 month ago | Report Abuse

Having said that, there are some positive indicators if you study the top 30 shareholders.

We start to have more big names, international funds buying in, one of the MCT founders Berry Goh have already reduced his shares YoY, and maybe disposed all already by now, another MCT founder Tong could be the only source of 'big sales' pressure only.

What could sustain the share price, and stage a long term rise would mostly depend on these 2 groups of large shareholders, if QoQ the financial performance is good, the funds may continue to increase their stake, buying out the retailers.

The fed rate cut may also contribute positively as well, as it will free up more funds from the US to be invested elsewhere, hopefully Malaysia can be the beneficiary of the inflow as well

Posted by arcadicus > 1 week ago | Report Abuse

31.0c now

Posted by arcadicus > 5 days ago | Report Abuse

when is your turn to fly la dey??

Posted by nemesis > 2 days ago | Report Abuse

Sleeping mode already...volume also tumbled significantly...

Posted by arcadicus > 2 days ago | Report Abuse

what is wrong with this counter.?.. Zzzzz already ah?