It is very unfortunate they have yet to launch their Kelana Jaya project because of a change in project plans. That is what causing GSB property development stalled. Whatever it is, I am sure they have thought about it and will be re-designed for the maximum impact. That's why GSB revenue and profitability is stalled, nothing to worry about, just matter of time.
I am looking very far ahead. If you look at the annual report tag line... it says "Branching Out".. what does it mean ? they don't do this kind of tag line if they have nothing in their mind.
Very simple, their new chairman is previously from IOI property, its CEO Andrea Gan is from Sima Group and she has been tagging along with his father in the property development industry ( Sima Group www.sima.com.my ) since childhood and she has directly involved in many successful projects. Sima Group is a low profile private company which is known for its top quality properties and has been in this industry for the past 40 years. All these while, Sima Group as been very quiet because of the conservative nature of Andrea Gan father, Mr Gan Seng Biang, but this are about to change, now with Andrea Gan ( UK educated ) slowly taking over her fathers seat, I don't think she will stay low profile. Experience is property development abundance in GSB, almost all its director has exposure in the property sector.
It is just matter of time when they step on the gas and go... with the upcoming 2 blocks of 23 storey building in Johor, their foot is firmly on the gas paddle. IT WILL BE BLASTING OUT ANYTIME NOW. This project is the first big project by GSB and it will be an eye opener and will put GSB into the spotlight... because I can assure you that this project will be very impressive ( even before I even look at the design because it has been proven over and over again for the past 40 years )
in the meantime, I just keep the shares and stay out of this topic, just in case people are saying me over-promoting this counter.
Ah John,
Sincerely, I have high regards for you. Perhaps you are the only one left in this forum still standing tall and holding tightly your GSB.
I am sure I will b one of the very first few to congratulate u when GSB turns into Focal - one day! Every stock has his ups & downs and surely GSB will b up one day but sooner for ur sake!
It takes a person like u to have the nerve of steel; biting ur pride, swallow ur ego, not bothered by others' remarks, fully trusted ur dreams would turn into reality, etc
Bravo brother... keep up!