Wednesday, April 4, 2012

Niam ... Apr12

The management is expecting to replenish its order book with at least RM450mil worth

of new contracts in FY12 and also targeting at least RM300mil in property sales.
The company is also actively studying the feasibility and potential of its existing landbank in Kuching, Bintulu and Miri for property investment ventures.

Naim has already developed quarters for industrial workers and is looking to develop another 800 acres (out of the 5,000 acres) of land for property investment ventures.

Naim is currently partnering with Cahaya Mata Sarawak and Bintulu Development Authority with the share of 39:51:10 equities on the second home programme for Korean and Japanese expatriates.

Its order book stands at around RM800mil, which could last till the next two years (excluding the Kuching Flood project of RM1.2bil). Management expects to replenish the order book by at least another RM450mil in FY12.

Naim, via its joint-venture (JV) partner has just submitted the tender for Klang Valley Mass Rapid Transit elevated project. The JV will enable both parties to leverage on their expertise, giving it a higher chance to win the contract.

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