thanks icon for the analysis. Just a few comments on the calculation. The GDV of RM500mil and profit of RM159.4 will be recognised according to the construction progress rather than one off at 2015. It also depends on the take up rate (units sold) as well.
Blog: (Icon) Global Oriental Bhd (8) - Sticking My Neck Out
2014-04-29 03:52 | Report Abuse
thanks icon for the analysis. Just a few comments on the calculation.
The GDV of RM500mil and profit of RM159.4 will be recognised according to the construction progress rather than one off at 2015. It also depends on the take up rate (units sold) as well.