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?