KUALA LUMPUR: Kenanga Research expects UOA Development Bhd to rake in net profit earnings of RM169 million for the financial year ending Dec 31, 2011, assuming its new launched properties, with a gross development value of RM363 million, will commence this year.

The research firm also estimated that UOA has about RM1.4 billion worth of unsold properties and RM300 million of unbilled sales, it said in a research note on Monday, May 30.

UOA's current financial year earnings net dividen per share was estimated at 4.3 sen, based on 30 per cent of core profit after tax.

The group has a dividen policy of between 30 and 50 per cent net payout before fair value adjustments, subject to the company's discretion, Kenanga added. - Bernama

SHARE
SPONSORED CONTENT
Permata Gemma—premium, low-density, future-ready landed homes in Gombak’s exclusive hillside precinct

All the boxes are ticked: freehold, low-density, future-oriented multi-generational landed residences with a prime address, nestled in a spacious and serene hillside sanctuary.

read more