Those who have bought into these counters should have decent gains recently although the market still hovers at 3,200 pts and closes nearly flat this year, 2010. China Gaoxian plays are not ended as the company is only beginning road shows in Korea next month. There should be more upward price for Gaoxian.
Gallant venture's bintan land price and sales has appreciated more than 30 times and should trade near its NAV of S$0.56 compared to last traded price of S$0.49.
Tuan Sing the recent shinning star in local property scene, should upgrade price as it begins to luanch its projects in 2011 as property prices continue to upswing.
As for the overall market to gain further steam, the ST index needs to break a very strong pyschological level of 3,292 the hightst registered in 2010 to warrant a bull run in 2011.
Wishing All a prosperous new year and wish the bull run arrives early in 2011!
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