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It wouldn't be a good time to go ahead with land redevelopment now anyway with the government clampdown on the industrial property market.
Well, looking on the bright side, at least they did not report a loss this quarter. The management expects an increase in demand of their steel products from the construction of 50,000 BTOs in 2013-2015. Hopefully, earnings will pick up. Rather than pin their hopes on property redevelopment, which as demonstrated in an earlier post had been constantly alluded to by the management from as early as 2006, a recovery of their core business can truly be something for shareholders to cheer about.
Well, looking on the bright side, at least they did not report a loss this quarter. The management expects an increase in demand of their steel products from the construction of 50,000 BTOs in 2013-2015. Hopefully, earnings will pick up. Rather than pin their hopes on property redevelopment, which as demonstrated in an earlier post had been constantly alluded to by the management from as early as 2006, a recovery of their core business can truly be something for shareholders to cheer about.