News by TA Securities

Bina Puri Holdings Bhd’s financial year ended Dec 31, 2016 (FY16) core profit of RM12.9 million came in within expectation, accounting for 102.5% of our full-year forecast. Year-on-year, its FY16 core profit surged 42.1% despite the top line was 17.8% lower at RM1.05 billion.

Sentoria Group Bhd achieved record sales in the financial year ended Sept 30, 2016 (FY16), with new property sales leaping 144% to RM228.5 million.

Successful launches of several ranges of office furniture during the Malaysian furniture exhibition in March 2016 and sustained improved US business sentiment and employment boosted the sales of its office furniture.

With these job wins, SunCon has secured RM2.6 billion worth of new construction jobs year to date, and exceeded management’s full-year target and our assumption of RM2.5 billion for 2016

Company acquiring a detached warehouse cum office showroom in South Dandenong (approximately 30km south-east from Melbourne’s central business district)…

Bina Puri Holdings Bhd has accepted the award from Arus Sutera Sdn Bhd for the role of project management consultant for the design and build of 440 flat units (5-storey walk-up flats) and associated works for Program Perumahan Rakyat (PPR), in Pitas, Sabah.

After a quiet start to the year, launch activities picked up greatly in 2QFY16.

Hua Yang Bhd’s management has maintained its sales target of RM500 million for the financial year ending March 31, 2017 (FY17) despite only charting RM53.2 million of new sales in the first quarter ended June 30, 2017 (1QFY17) (11% and 14% of management’s sales target and our sales assumption, respectively). 

Given the size of the project, estimated between RM50 billion and RM60 billion, this is possibly the single biggest-ever construction project to be implemented in Malaysia. We expect the project to have an impactful boost to the local construction industry throughout the project implementation period.

Hua Yang’s new sales hit a record in FY14, driven by overwhelming response to its Sentrio Suite, Metia Residence and Greenz @ One South in the Klang Valley, which were fully sold.