is expected to see a pick-up in earnings in the second half of this year, supported by the launches of sizeable projects.
Additionally, HLIB Research said the company’s Connaught One project should also be well-received, given its mid-range pricing and transit-oriented development next to the Taman Connaught MRT station. “We believe the depressed valuation should reflect the structural issues of the company, such as large undeveloped land banks in Johor and Perak.”
“This may eventually attract the interests of inventors back to the company on the positive prospects of Johor’s property landscape ahead.”
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