It currently (Jan 2014) has unbilled sales of RM200 million, which could last until 2015.
SCB Corp's revenue will start to surge when its three main projects - Kiara East, Bandar Utama in Batang Kali and Jesselton Quay in Sabah - kick in. The projects would contribute around RM400 million annually over the next seven years from Jan 2014.
SBC Corp has continuously given out dividends for the past 10 years prior to 2014 at an average of 4.65% yield.
Moving forward, the group will propose a dividend policy starting from the financial year 2014, based on favourable future earnings outlook.
Its future earnings will be underpinned by solid unbilled sales and new launches in Klang Valley.
SBC Corp Bhd’s unbilled sales stood around RM200mil … considering the group’s market capital of merely RM206mil that is equivalent to the group’s 1.57 times financial year 2013 (FY13)’s topline.
On top of that, Kiara East mixed development will render RM180mil revenue annually to the group over the next seven years from Jan 2014 which is said to have gross development value of RM1.5bil with total size of 20 acres.
No comments:
Post a Comment