HunzPty

Hunza Properties posted quarterly gain/ (profit plus capital revaluation) of approx. RM 34.69 m
Q eps = RM 34.69m/ 194m shares = 17.8 sen
Bear in mind that RM 22.7m is due to revaluation gain of Penang Paragon under FRIS 140 accounting, therefore actual properties sales profit is only RM 12m which works out to be 6.2 sen Q eps (ie. RM 12m/ 194m shares). This is a 13% drop from Q/Q eps of 7.1 sen
Declares dv 5.6 sen ex. 31st Dec . Maintain buy at RM1.60