The fundamental is good no doubt
However they are potential reasons for people to throw tickets
1. The operational cash flow is negative, this quarter is 115 million due to the 119 million outflow for property development expense. The coming quarter might still negative, this segment will be hit hardly by Mco.
2. 2 segments of it is tourism based including it’s car park and property rental collection is occupied about 30% of total profit. This segment will expect a heavy hit from tourism ban. You can read it from the Qr
3. 50% of the business is from property development. The outlook for property development is challenging, a lot more better fundamental property stock kena throw ticket. This company is in the trend.
4. Depending on how much P/E you want to give it. It’s still having some downside risk.