I visited their k163 mall recently. Managed to find out that the gross rental around RM 4m/month and nett electricity cost is only 150k/month. This electricity cost is much less than typical RM 400k/month for this size because the use open air concept in the mall where the air is naturally ventilated.
If they have say nett income of RM 3m/month x 12 = RM 36m/year, then their cash flows will be under much less pressure. Eg. The interest of RM 44m/year For 2018 will not be a problem.
Moreover new projects completions like Sfera Residency and K163 Sovo are generating income.
I think the future is bright because sales for OOAK around RM 200m would have been locked in. They have plenty of land in Mont Kiara (including 1 near Martrade centre).
Stock: [YNHPROP]: YNH PROPERTY BHD
2019-05-22 12:46 | Report Abuse
I visited their k163 mall recently. Managed to find out that the gross rental around RM 4m/month and nett electricity cost is only 150k/month. This electricity cost is much less than typical RM 400k/month for this size because the use open air concept in the mall where the air is naturally ventilated.
If they have say nett income of RM 3m/month x 12 = RM 36m/year, then their cash flows will be under much less pressure. Eg. The interest of RM 44m/year For 2018 will not be a problem.
Moreover new projects completions like Sfera Residency and K163 Sovo are generating income.
I heard that their OOAK also 97% sold and not yet built. http://ynhb.com.my/the-ooak
I think the future is bright because sales for OOAK around RM 200m would have been locked in. They have plenty of land in Mont Kiara (including 1 near Martrade centre).