Mar 1 2016, 01:55 PM
QUOTE(propusers @ Mar 1 2016, 10:32 AM)
Research house estimate launch in March. Means this month?
http://klse.i3investor.com/blogs/kenangaresearch/92173.jsp
Despite weak property sentiment and outlook, management is maintaining an optimistic view, banking on a recovery in 2H16. Hence, management has set a higher sales target of RM600m, which is 60% higher compared to its FY15 actual sales of RM373m. While management did not disclose the total value of its planned launches for the year, we believe they would be leveraging on its upcoming development in OUG, i.e. Paradigm Garden City, where they will be launching RM450m GDV worth of condominium in 1Q16 and followed by Phase 2 of the project with an estimated GDV of RM950m in 4Q16. While we maintain our cautious outlook on the property market, we believe that WCT’s sales target is realisable should they price their products competitively.
http://klse.i3investor.com/blogs/hleresearch/92194.jsp
Challenging property outlook. FY15 property sales of RM373m fell 19% YoY with unbilled sales at RM599m (1.8x cover on FY15 property revenue). WCT is targeting for RM600m worth of property sales this year. In March, it will be launching a condo block (GDV: RM480m) at the Paradigm Garden City, OUG with indicative pricing at RM800-850psf. We reckon that WCT’s sales target could prove to be an uphill task and retain our lower assumption of RM400m.
i mus say gud luck to wct if they r selling at tis price. i m a buyer of park sky. old timers shud know malton have to mark up park sky 10-20% due to their legal dispute wit hohup. n i think the higher premium is worth it for own stay ppl bcoz of proximity to pavillion mall n bj park. investment perspect, i dun think malton project will offer any upside upon vp...maybe 3 to 5% tops bcoz bj hav no affluent population like the expats to support tis price. n now wct wanna cop carrot! 800psf in oug!http://klse.i3investor.com/blogs/kenangaresearch/92173.jsp
Despite weak property sentiment and outlook, management is maintaining an optimistic view, banking on a recovery in 2H16. Hence, management has set a higher sales target of RM600m, which is 60% higher compared to its FY15 actual sales of RM373m. While management did not disclose the total value of its planned launches for the year, we believe they would be leveraging on its upcoming development in OUG, i.e. Paradigm Garden City, where they will be launching RM450m GDV worth of condominium in 1Q16 and followed by Phase 2 of the project with an estimated GDV of RM950m in 4Q16. While we maintain our cautious outlook on the property market, we believe that WCT’s sales target is realisable should they price their products competitively.
http://klse.i3investor.com/blogs/hleresearch/92194.jsp
Challenging property outlook. FY15 property sales of RM373m fell 19% YoY with unbilled sales at RM599m (1.8x cover on FY15 property revenue). WCT is targeting for RM600m worth of property sales this year. In March, it will be launching a condo block (GDV: RM480m) at the Paradigm Garden City, OUG with indicative pricing at RM800-850psf. We reckon that WCT’s sales target could prove to be an uphill task and retain our lower assumption of RM400m.
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