KUALA LUMPUR: ''UEM LAND HOLDINGS BHD [] has set an internal target for a 50% revenue growth in FY2011 and a 10% return on investment, said its managing director and CEO Datuk Wan Abdullah Wan Ibrahim.
He said with the acquisition of SUNRISE BHD [], UEM Land was hoping to build its portfolio and surpass its competitors' revenue in the near future.
"With the acquisition of Sunrise, we are the biggest property player in terms of market capitalisation. But we do not have the earnings to prove it yet.
'Nonetheless, we hope to surpass our competitors in the near future," he said after the group's AGM on Thursday, June 16.
"We believe these targets are achievable with Sunrise in the picture," he said.
He said with the acquisition of SUNRISE BHD [], UEM Land was hoping to build its portfolio and surpass its competitors' revenue in the near future.
"With the acquisition of Sunrise, we are the biggest property player in terms of market capitalisation. But we do not have the earnings to prove it yet.
'Nonetheless, we hope to surpass our competitors in the near future," he said after the group's AGM on Thursday, June 16.
"We believe these targets are achievable with Sunrise in the picture," he said.
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