PETALING JAYA: YNH Property Bhd has its roots in Lumut, Perak, where the Yu family's oil palm plantation is cut back each year to expand its Bandar Manjung Point project.
Those plantation roots, which led to low land costs, could explain YNH's pre-tax profit margins of about 40%, one of the highest in the property sector. That's an aspect that has long puzzled analysts who are not familiar with the company.
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