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hopefully this can wake up and bullish like igbr and sunreit, waiting for so long already...mgmt can go for inorganic growth like igb buy existing mall in KL or johor, then the share price will fly. Or aggressively venture into East Malaysia market especially the burgeoning state sarawak, then Pavreit will become the first and ever regional REITs player. haha
Another coincidence, lhdn just spared drb RM240mil tax bill last week, yesterday pos suddenly up, maybe govt indirectly want drb to bailout this pos malaysia, bcos too big to be failed.
First time see pos malaysia volume in top 10, I think the bos want to use drb fund to bailout and privatise this fund constraints loss making subsidy. That's why a big contrast on price and volume between drb and pos recently.
Cut loss today. I think it will keep dropping below 50c, then Syed Mohktar can easily privatise at low price and re-list it years later, like what happens in mmc, privatised at 6bil, relist at 25bil.
Is it possible bcos of the new ceo? I googled this the new ceo Yu previously was Asiapac executive director and the share price also drop drastically over the past 10 years.
Budget 2024 five lrt3 station resume construction worth rm4.7b, till now mrcb haven't awarded the contract. Stadium shah alam, flood mitigation project also pending....
