perspective perspective - ChartNexus

150.97
’01
Revenue Hasil
RM Million Juta
135.82
’02
A MACRO PERSPECTIVE
Profit Before Tax
Keuntungan Sebelum Cukai
RM Million Juta
Net Earnings per Share
Pendapatan bersih sesaham
Sen
After growing an impressive 7.1 per cent in 2004, the Malaysian economy registered a GDP growth of 5.3 per cent last
year (Source: BNM Fourth Quarter Report 2005). This was mainly due to the easing of global economic growth fuelled
by rising oil prices and a short-term slump caused by the technology down-cycle.
2005 was overall a mixed year where demand for mid-end mass housing was softening on a backdrop of increasing
supply whereas well-conceptualised lifestyle projects, especially high-end condominiums in prime sites within Klang
Valley and Kuala Lumpur city centre continued to attract market interest and registered respectable sales.
The residential property sector, despite its resilience, was increasingly competitive and many developers had to contend
with slower take-up rates and moderated earnings growth. While an overbuilt situation has emerged in the lower-priced
housing segment, particularly apartments in the RM150,000 to RM250,000 range, demand for landed properties in better
addresses remained good.
Competition among developers remained intense and this has given cause to developers to take stock and rethink
strategies to sustain profit growth. In this shift towards a buyers market, innovative designs in accessible locations, a
recognised brand name and strong marketing expertise are crucial factors in gaining a leading edge.
On the regulatory end, stringent measures taken against irresponsible developers resulted in more discerning home
buyers and investors. This trend has placed the Group in good standing with our consistent track record and our
emphasis in good customer service.
Suasana Sentral Loft
108.79
’03
164.85
’04
214.80
14.66
18.07
23.66
35.02
36.86
’05 ’01 ’02 ’03 ’04 ’05
4.3
4.4
6.1
8.9
12.6
’01 ’02 ’03 ’04 ’05
21
UNITED MALAYAN LAND BHD