Views & Question from reader:
"Based on FY13 profit of $20 million, and FY12 profit of $93 million for Wee Hur as indicated in its press release, assuming profit for FY14 to at least match FY12 due to Premier @ Kaki Bukit TOP, its profit will go up by approx 362%!! It is highly likely the stock will move higher which mirrored 2012 as its stock price surged from $0.28 to $0.61 when Harvest @ Woodlands TOP in 2012.
(reader's query continues below..)
The profit for FY14 could exceed $93 million as Premier @ Kaki Bukit is a larger development when compared to Harvest @ Woodlands although it only owns 60% stake.
Based on FY13 press release, Wee Hur had $242 million in cash and cash equivalents, while it market capitalization is currently at $331 million. This means that the company is cash rich and it is ...
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