PETALING JAYA: With its secured contracts in hand as well as the potential property sales from its unsold gross development value (GDV) of about RM1bil, Gabungan AQRS Bhd
is targeting to deliver net operating cashflow of RM600mil during 2020-2024.
This, UOB Kay Hian Research said, would be supported by its outstanding external construction order book of RM1.6bil as at end-March 2020 and anticipated property billings of up to RM1bil (driven from unbilled sales of RM162mil as of March 2020, and remaining unsold launched GDV RM840mil).
It will also be driven by optimisation of costs structure where the company is committed to reducing its operating cost by 40%.
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