property sector had recorded loss over 20mil for the past 2 years. if the coming quarter result has recognized the profit from property in australia plus the profit from log timber, for sure the coming quarter result will be...
agreed with yipgusing. Don't think tomorrow will be a huge gap down also, perhaps for those short term players. Recent volume hike would never happen for no reason. What I know is their Melbourne project are currently handing over to the buyers, so revenue will definitely be captured in next the quarter. Then, it will have a huge jump in terms of the Revenue and Profit for this financial year especially with current high exchange rate for AUD against RM. Also, I believe they will be sealing some big deals from either Gemas, HSR or ECRL.
The Group will continue to focus on its construction segment which is the main core business for the Group and hopeful of delivering another challenging year of revenue growth, driven by several on-going projects being awarded to the Group that will be continuously implemented over the next couple of years. The Group will focus on the replenishment of its current order book and will continue to actively tender for local construction projects. As for its property segment, the Group is proud to announce that its maiden project, the GardenHill, Melbourne, Australia, is now completed and preparations to hand over the units to the purchaser are in progress. As for the Sentul project, signing of the Sale and Purchaser Agreements and piling works are in progress. This project has received good response owing to its central location. As for its projects in Puchong and Melaka, it will be launched once the market situation improves. Another segment which has generated significant revenue to the Group is the logging and timber trading segment and it will continue to make momentous contribution to the Group’s revenue. The Group will continue to explore for more business opportunities and committed to improve its earnings growth for the sustainability of the Group
With the completion of GardenHill @ Melbourne (with GDV AUD 77m = RM 261.8m @ current exchange rate of RM 3.4, 51% stake) and Rica Residence @ Sentul, KL (with GDV RM 270m and was having 80% confirmed sales order) will definitely add into its book order this year.
If my calculation correct : GardenHill with 80% sales and 51% stake : RM 261.8m x 80% x 51% = RM 106.8m Rica Residence with 80% sales : RM 270m x 80% = RM 216m Total Revenue from Property Development will be a whopping RM 322.8m !
Assuming in Q3, the other segments contribute the same revenue of RM 61m like Q2, this will bring the total Q3 revenue to RM 383m (more than 6 times of Q2 revenue) and total 9 months revenue will balloon to RM 507.8 m! It will be almost 20% increase from the previous 9 months of RM 423.9m !
I think this is the reason for the recent price hike and of course the rumours of Gemas and other railways projects.
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....
hasyrie
13 posts
Posted by hasyrie > 2016-12-14 16:18 | Report Abuse
fuhh....coming