Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, July 19, 2010

Gamuda Land sees 67pc earnings growth

Gamuda Bhd's property arm, Gamuda Land, is expected to record the strongest pre-tax earnings growth over the next two years at an compound annual growth rate of 67 per cent.

This is due to Gamuda's large scale ventures in Vietnam which would begin contributing to group profits in the 2011 financial year.

The projects in Vietnam have a combined gross development value of RM16 billion.

In addition, Gamuda Land has acquired a 1.17 hectare of freehold land in Jalan Pudu which would be turned into mixed commercial development wihin three years.

ECM Libra also said the project was Gamuda's first mixed commercial development in Malaysia and would contribute about RM90 million in after-tax earnings over the development period.

-- Bernama

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