Analyst Research Report Snapshot

Title:

Results Note - MRCB (BUY, maintain) - On-going development in early stages of construction

Price:

$35.00

Provider:

Affin Investment Bank

Date:

26 May 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

MYRS.KL

Available for Immediate Download
Summary:

On-going development in early stages of construction 1QFY13 revenue declined by 20.3% YoY and 13.5% QoQ 1QFY13 revenue declined by 20.3% YoY and 13.5% QoQ to RM256.4m mainly due to lower property development revenue, not offset by higher E&C billings. Current on-going development on Lot B (Q Sentral Office Tower) and Lot D (The Sentral Residences) were at their early stages of construction while recognition from Lot G (Office Towers and Hotel) was high in 4QFY12.

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