Amoy Properties looks to profit growth

Having weathered the downturn in the Hong Kong property market, Amoy Properties seems set to reap the benefits of some shrewd land acquisitions.

StockHouse LogoWhilst it is generally accepted that in the foreseeable future local property developers will not see the frenzied development gains that they did in the 1980s and 1990s, one indisputable fact is that the ability to employ clever land acquisition techniques is still crucial in determining a developers eventual success or failure.

Stockhouse: AmoyUnder the leadership of Chairman Ronnie Chan, a property old-timer, landlord-cum-developer Amoy Properties 101 is poised to show its true colours over the next few years, having braved market depressions over the past 18 months and accumulated land at cheap cost relative to current market prices. As a result, analysts predict that the Company will experience high earnings growth over...

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