Saturday, 7 July 2012

Hua Yang Bullish on Earnings Growth


PROPERTY developer Hua Yang Bhd is looking forward to another year of impressive sales and earnings growth, says group chief financial officer May Chan.
The group, which is known for developing residential properties in the affordable segment, will also be celebrating the 10th anniversary of its listing on Bursa Malaysia this November.
It plans to launch projects with a combined gross development value (GDV) of RM815mil for its current financial year ending March 31, 2013 (FY2013).

Chan says this will more than double the RM400mil GDV of properties launched by Hua Yang in its previous financial year.
The bulk of Hua Yang’s sales in FY2013 will be from its Klang Valley developments, namely Phase 4 of One South in Seri Kembangan (GDV of RM200mil) as well as new leasehold service apartments in Shah Alam (GDV of RM175mil) and Desa Pandan (GDV of RM160mil).
Quote from The Star Biz 7 July 2012
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