PETALING JAYA: Hua Yang Bhd
is expected to face a challenging operating environment ahead on the back of rising building material costs, supply chain disruptions and higher financing expenses from overnight policy rate hikes.
TA Research noted that the property developer’s revenue of RM49mil and net profit of RM600,000 in the first half of financial year 2023 (1H23) were below expectations. The figures accounted for 41% and 11% of its full-year forecasts respectively.
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