Wednesday 22 May 2013

How Will Property Sector Perform After GE13?

Since the 13th general election until 21st May, Bursa Malaysia index KLCI has rose 5.5% from 1694.77 to 1787.3. Most of the stocks register massive gain within this 2 weeks, especially the property stocks. Out of those property stocks, which one has gained the most?

Table below summarize the gain of most property stocks from 3rd May (just before GE13) to 21st May 2013. You think the property stock that you hold is unbeatable? Well, take a look at this.









3 May 21 May % Increase

Crescendo 2.330 3.630 56

Huayang 1.990 3.020 52

Eupe 0.610 0.920 51

Glomac 0.940 1.410 50

Tambun 0.940 1.390 48

Malton 0.495 0.725 46

Hunza 1.640 2.360 44

WingTai 1.860 2.680 44

YTL Land 0.880 1.270 44

Mahsing 2.300 3.170 38

IBHD 2.190 3.030 38

TAGB 0.240 0.330 38

Sunway 2.890 3.920 36

Ivory 0.570 0.770 35

MUIProp 0.140 0.185 32

MKLand 0.305 0.400 31

UEMLand 2.640 3.460 31

Tebrau 1.240 1.620 31

Amcorp 0.605 0.785 30

E&O 1.660 2.150 30

Plenitude 1.880 2.420 29

Guoco 1.070 1.380 29

MKH 2.020 2.580 28

PJDev 0.795 1.010 27

Dijaya 1.510 1.920 27

UOADev 2.180 2.730 25

IJMLand 2.570 3.200 25

YNHProp 1.820 2.250 24

Dutaland 0.430 0.530 23

Bertam 0.585 0.720 23

OSKProp 1.030 1.260 22

LBS 0.890 1.080 21

Hohup 0.700 0.835 19

Asas 1.470 1.710 16

Sentoria 0.640 0.730 14

IGB 2.330 2.630 13

BJLand 0.790 0.870 10

Magna 0.725 0.790 9

SPSetia 3.500 3.730 7








The champion is Crescendo, which jumped 56% during this period. However, Crescendo, as well as EUPE which has a construction arm, are not a pure property player. Thus, the real property champion should be Hua Yang, followed by Glomac and Tambun Indah.



Most of the property stocks rise 20-50% during this period. However, Malaysia's largest property developer SP Setia, has increased a mere 7%.

Everything that goes up must come down. I think the euphoria of bull should end now, as most stocks have surged well over their true value. Should you hold the stocks or sell for quick profit?