Tey said it expects to have groundbreaking ceremonies for the two projects by first quarter next year and hopes to commence work on the project within the next 12 months.The estimated value of both projects is RM1.2 billion, which is subject to change depending on the final plans."In Putrajaya we are doing affordable housing so it has to be in line with what the government wants. For Cyberjaya, we have more flexibility, we are developing middle to high-end, of course our price will be competitive to the market," he said.Tey said moving forward, it is looking for more joint venture (JV) projects in property development, both with the private sector and the government. It plans to focus on projects in the Klang Valley or selected areas in Iskandar Malaysia."Hopefully we can launch our projects before end of 2015. That will give us at least three plus two years of consistent income. Looking at thin margin of let's say 15% net, that is fantastic income for the company for the next five years," he said.Tey said the group aims to have property development contribute 30% or more to its total earnings in the next one to two years. In the long term, property development and its core business of telecom, media and technology (TMT) are expected to contribute "quite equally".
BULL is BACK....anything cheap to give us CNY angppows.....the cheaper the penny @ warrantss >> the better the gain in % term ....2015 SUPER BULLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL $$$$$$$$$$$$$$$$$$$$$$$$
To me now even 6....7.....9..... 10.... 12..... 15 ..... not important..... bcos 1.44 billion..... is definitely more than 15 sen ........ buy more or what? Please tell me
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bing
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Posted by bing > 2014-12-23 18:50 | Report Abuse
Tey said it expects to have groundbreaking ceremonies for the two projects by first quarter next year and hopes to commence work on the project within the next 12 months.The estimated value of both projects is RM1.2 billion, which is subject to change depending on the final plans."In Putrajaya we are doing affordable housing so it has to be in line with what the government wants. For Cyberjaya, we have more flexibility, we are developing middle to high-end, of course our price will be competitive to the market," he said.Tey said moving forward, it is looking for more joint venture (JV) projects in property development, both with the private sector and the government. It plans to focus on projects in the Klang Valley or selected areas in Iskandar Malaysia."Hopefully we can launch our projects before end of 2015. That will give us at least three plus two years of consistent income. Looking at thin margin of let's say 15% net, that is fantastic income for the company for the next five years," he said.Tey said the group aims to have property development contribute 30% or more to its total earnings in the next one to two years. In the long term, property development and its core business of telecom, media and technology (TMT) are expected to contribute "quite equally".