Is it too late to invest in this turnaround company in new property cycle?

Part 2: Applying Refined CANSLIM In Assessing Shareholder Structure, Sponsorship, Valuation, and Technicals.

Recently, there has been a significant sell-off in the stock prices of medium and small-sized companies in Malaysia, many of which have been limited down. This has led people to question whether these companies are truly worth their valuations, especially if they lack solid financial foundations. On the other hand, this small property company, spotlighted in our last analysis for its remarkable resilience, has effectively weathered the storm. Instead of declining, it continues its upward momentum this week. This situation prompts the question of whether it's too late to invest in it. The company's unbilled sales and net profit have nearly tripled from their lowest point in 2021 to the present. Although the share price hit its lowest point again in late 2022, it has only doubled since then. A gap remains to be closed, and often, expectations may exceed actual performance if continued improvements drive the share price further up. Considering these factors, the share price has strong potential to maintain its upward trajectory.

Now let's proceed with a second part of refined CANSLIM methodology to continue evaluating the company's shareholder structure, institutional sponsorship, valuation, and technical analysis, which will culminate in presenting my personal view on this investment.