Hua Yang sees RM872m revenue from BUSI (ext.BT)

IPOH: Property developer Hua Yang Bhd expects to generate a revenue of some RM872 million, which would keep them busy for the next 12 years at the 196ha site in the fast developing Bandar Universiti Seri Iskandar (BUSI).

BUSI, located at Perak Tengah district, about 30 minutes drive from here, was derived from educational institutions located in the area like Universiti Teknologi Petronas (UTP), Universiti Teknologi Mara (UiTM), Kolej Profesional Mara and others like Sekolah Menengah Teknik Seri Iskandar and National Youth Skills Training Centre.

The company has a landbank of 335.3ha, of which 110.4ha had been developed to a tune of RM200 million, while the ongoing project covers 12.4ha, which is worth RM48 million.

The latest project is the Pedestrian Mall, costing some RM12 million. 

Read more: Hua Yang sees RM872m revenue from BUSI http://www.btimes.com.my/Current_News/BTIMES/articles/2UAYANG/Article/#ixzz22RuaZAi2

Smartbiz: Huayang's price peaked at 2.08 and losing strength due to the weak market. This news might provides some strength for the price to test its peak again but sustainability is doubtful. Immediate support lies at 2.00. A strong support lies at the 20MA around 1.96. Based on past record, the 20MA is unlikely to be violated. This is a counter worth for watching due to its large land bank and a well-designed and managed project.