Within expectations. 1QFY12/10 net profit made up 22-23% of our and consensus estimates. We consider the results within expectations as we expect stronger 2H on the back of new property launches and as construction works of Fraser Residence and Kiara 163 commence. The company’s unbilled sales currently stand at about RM890m, or 2.9x of our FY10 revenue forecast.
YNH Property Berhad : Stronger 2HFY12/10 Ahead
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