Sunway City
THE property developer is making a comeback after a full corporate restructuring exercise and plans to launch RM1bil worth of projects this year. Analysts said the stock is under-rated and below its peers in terms of valuation, while gearing has also been reduced significantly since the 1997 crisis. Net profit and revenue are forecast to be RM39mil and RM750mil respectively for the financial year ended Dec 31, 2003.
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