The long-term wave count for property index remains the same, it is forming its sub-wave v.
So far the property index has completed the mini-wave 1 of its sub-wave v and it is on its way to complete its mini-wave 2. Property stocks are likely to take a rest until the completion of the mini-wave 2.
FACB Industries Incorporated (Rm 1.62)
Facb performed very well today, it gained 15 sens (10%) to close at Rm 1.62 with high volume. It is forming its mini-wave 7 of its wave (vii). It is the 7 of (vii), very dynamic.
Don't forget its cash backing per share is Rm 1.76, not to mention its other assets and business.
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