Within expectations. 9MFY06/10 net profit came in within expectations at 78-80% of RHBRI’s and consensus estimates. Take-up rates of projects in Penang, i.e. Gurney Paragon and Infinity‘s picked up marginally to 61% (from 58% in Dec 09) and 80% (from 75% in Dec 09) respectively. As at Mar 10, the company’s unbilled sales stood at RM167.3m, or 0.7x of our FY10 revenue projection.
Hunza Properties Berhad : Better Progress Billings From Gurney Paragon - 4/5/2010
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