Property buy....

When we talk about potential benefits of property sector in Penang, we think about the scarcity of land in the state particularly the island...that's why companies in property sector should continue to buy land and increase their land bank reserved for future projects... land value will shoot high in time to come especially regions in like Butterworth, Sungai Petani, and Penang Island itself...

Equine who owns 25% in the Abad Naluri which is developing the Penang City Centre project is a worth to buy counter. No doubt it posted a lower pre-tax profit on the Mar 31st 2007....profitability will only improve from now on...with ~300ha of undeveloped land owned by Equine, this company is on the look out for more land to aquire...It's housing estate project in Batu Kawan, penang will bring in higher profit margin thanks to the second Penang bridge project which is currently at the preliminary stage of development.

This company basically is focusing mainly on the north region and is also looking at increasing its stake in Abad Naluri. More projects to come and its land bank reserves mainly in both Penang and Selangor will keep it occupied for 5-10 years to come...

A really good buy...