Hello everyone. This is an update post of Wee Hur from my last post in April 2014 following a reader’s request. This post is a timely update of the hypothesis made in my earlier blog post on whether recognition of profits upon TOP of industrial building at Kaki Bukit will be a catalyst for share price movement.
Did Kaki Bukit cause a spike in share price?
The conclusion reached in my earlier post was that the recognition of profits from Premier@ Kaki Bukit will not result in a spike in the share price of Wee Hur because the impact has already been priced in.
For Q3 FY 2014, revenue and net profit attributable to shareholders increase from S$245.6 million and S$13.1 million in the preceding quarter (Q3 FY 2013) to S$603.0 million and S$102.5 million respectively mainly due to the TOP of Kaki Bukit in August ......