Homepage
PR Newswire
21-05-2015, 11:34 PM
(This post was last modified: 22-05-2015, 10:49 AM by Curiousparty.)
2015 results should be much better than 2014 results based on the following two observations:-
a. Full year recognition of hotel recurring income in 2015. This was already evident in Q1/2015 results. Hotel PAT (profit after tax) increased by 207%!!!
b. Property development income is also set to be higher than last year because of POC (% of completion) recognition from 3 running projects (instead of 2.5 projects last year). This was also reflected in Q1 results where property development PAT was 110% higher.
The concern on its high gearing ratio may be unjustified as its gearing ratio should decline substantially with the TOPing of 2 projects this year.
a. Full year recognition of hotel recurring income in 2015. This was already evident in Q1/2015 results. Hotel PAT (profit after tax) increased by 207%!!!
b. Property development income is also set to be higher than last year because of POC (% of completion) recognition from 3 running projects (instead of 2.5 projects last year). This was also reflected in Q1 results where property development PAT was 110% higher.
The concern on its high gearing ratio may be unjustified as its gearing ratio should decline substantially with the TOPing of 2 projects this year.
[I am not here to promote any stocks. Please always do your own research before embarking on any investment decision. I will not be liable for any of your own decisions. Your use of any information or materials is entirely at your own risk. It is your responsibility to ensure that any products, services or information meet your specific requirements. I do not produce material which meets the objectives of any specific financial and risk profile of investors.]