Within expectations. YNH’s 2Q10 net profit of RM16m (+3.8% yoy; +8.6% qoq) came in within our and consensus estimates. Key projects that underpinned earnings for the quarter include Lot 163 Suites (KL), Ceriaan Kiara (Mont’ Kiara), and township development in Taman Manjung Baru (Seri Manjung), Taman Singa Baru, Taman Pegawai, Taman Emas, and sales of development land. A 3 sen interim single tier dividend was declared, in line with our full year dividend forecast of 3.9 sen.
YNH Property Berhad : No Surprises-27/08/2010
No comments:
Post a Comment