PETALING JAYA: UEM Sunrise Bhd
has received a shot in the arm with the recent acquisition of a parcel of land in Kelana Jaya in Selangor from the Employees Provident Fund (EPF).
Analysts covering the company are bullish on the acquisition for its strategic location and fair pricing, adding that it could boost the property developer’s earnings from financial year 2026 (FY26) onwards despite some initial hike in its net gearing ratio.
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