Quick take: Hua Yang rises 14.8% on return to the black
KUALA LUMPUR: Hua Yang Bhd 
shares rose in early trade Thursday as Kenanga Research upgraded it to outperform as its share price has seen a sharp retracement recently.
The developer gained 14.86%, or 5.5sen to 42.5 sen with 617,300 shares done.
Hua Yang posted a net profit of RM5.77mil for the third quarter ended Dec 31, 2018, from a net loss of RM815,000 a year ago mainly attributed to property development driven by higher sales contribution from Astetica Residence, Seri Kembangan and Bandar Universiti Seri Iskandar.
Its revenue for the perid rose 37% to RM68.42mil against RM49.91mil in the previous year’s corresponding quarter.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments