07 August 2014

Wee Hur Quarterly Report Media Release - August 2014

My Notes

Wee Hur has started its recurring income business model by engaging in dormitory business. With this business model, it could at least provide cash flow to company and maintain at least 2 cent dividend policy for long run barring any unforeseen circumstances. With industiral project Premier @ Kaki Bukit TOP in this quarter, I believe the group could easily register new a record net profit of more than S$100 Million this year. There is a higher chance that the group may propose special dividend next year, unless the group could acquire additional land banks for the rest of the year.

So far the two main news this year:

1. Acquisition of 30 years leasehold land in Woodlands with 60% stake.
2. First oversea venture in mixed development in Huai'an, Jiangsu, China.

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