Business
- Property development and construction
- Hotel and Hospitality
Financial performance
- Revenue increased 99% yoy and 26% qoq
- Net profit increased 26% yoy and 25.8% qoq
- Full year profit outperformed last year (FY2016: RM38.387 FY2015:19.134)
- Other income contributed most of the profit. It was due to...
- Gross profit margin is 33%
- Borrowing increased to RM643mn from RM610mn
- Trade receivales increased to RM149mn from RM136mn
- The group achieved a better performance for the cummulative FY was due to sales of inventories in Fraser Residence Kuala Lumpur, Pangsapuri Semudera and Taman Desa Manjung, progressive profit recognition of Kiara 163 and Sfera Residensi projects as well as sales of development land
Projects summary from quarter report (Repeated contents since 2015)
- Sfera Residensi project which is located at Puchong South, Selangor will have a GDV approximately RM426mn, and is expected to contribute to the group for the next two FY
- Another project Menara YNH developement,has a GDV approximately RM2.1billion
- JV project,has GDV approximately RM1.8billion and expected to contribute Group's revenue for the next 15 and 20years
- The proposed development for this 95 acres land bank comprises commercial, bungalows, condominium, retail and etc. The estimated GDV is RM196billion and expected to contribute to group for the next 20 years
Share price
- This is 8 months share price chart
- This chart demonstrate flat and downtrend.
- However in long term (3 years), the chart is neither an uptrend as well
- Current share price: RM1.54
- PE:17.7
Comments
- Don't like this kind of company, main reason is after reviewed its quarter report, and found out that if deduct other income, some quarter was facing loss
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