You are say 27 right ??  This is the last reporting year PE.  For 9M profit up 96%, the PE should drop by about half to 14~15 perhaps........

They are announcing FY result next week......

I am vested on this.  But there is a MA crossover recently.

I am expecting a good DIV this year from AG.......

Asset-price bubbles have been the cause of most of the recent economic downturns, including the most recent one. But how do you know when a bubble is forming? If central bankers, regulators and investors knew the answer to the question, they might be able to avoid them.

Robert J. Shiller, a well-known Yale economist, suggested on Wednesday — a bit whimsically — that bubbles could be diagnosed using the same methodology psychologists use to diagnose mental illness.

After all, a bubble is a form of psychological malfunction. And like mental illness there’s a tricky gray area between being really sick and just having a few problems, Mr. Shiller said during a panel discussion at the World Economic Forum in Davos, Switzerland.

The solution: a checklist like psychologists use to determine if someone is suffering from, say, depression. So here is Mr. Shiller’s checklist.

* Sharp increases in the price of an asset like real estate or dot-com shares
* Great public excitement about said increases
* An accompanying media frenzy
* Stories of people earning a lot of money, causing envy among people who aren’t
* Growing interest in the asset class among the general public
* “New era” theories to justify unprecedented price increases
* A decline in lending standards

"

CLearly we are not seeing any of this, and hence no dramatic increase in property price nor its stock price. So dun buy first, wait for the opposite to happen then buy.

Huat ah

But this is the only property play that is trading well below NAV.  Plus 9mths profit is up 92% than the same period for 2008 at 153M.

Singapore's investment property market staging a robust comeback
By Mok Fei Fei, Channel NewsAsia | Posted: 14 January 2010 1506 hrs

	Photos 1 of 1 Condominium in Singapore (file pic)

SINGAPORE: Singapore's investment property market seems to be shrugging off the global financial crisis and is staging a robust comeback.

Property consultant C B Richard Ellis said Singapore's investment market performed much better than expected in 2009. It said total real estate investment sales came in at S$10.2 billion.

While the figure is 43 per cent less than the S$17.9 billion number set in 2008, it is still better than an initial estimate of S$1.35 billion at the start of 2009.

But in the fourth quarter last year, total investment sales amounted to S$3.86 billion, a drop of 7.2 per cent from the previous quarter.

CBRE said the dip was due to the residential market taking a breather from the intense activity witnessed in the earlier part of the year.

Separately, property consultant DTZ said Singapore accounted for the bulk of investments flowing into Southeast Asia in the fourth quarter last year. It said 73 per cent of Southeast Asia's total transactional value of US$2.4 billion was due to Singapore.

DTZ noted that Singapore did well as it is the gateway to the region.

Most of the investments over the period were channelled into the residential sector, followed by the retail sector.

In Singapore, the residential market made up 57 per cent of the transactional value in the fourth quarter of 2009.

DTZ added that the real investment market in the region was driven mainly by domestic firms and private investors.