Stock Digest - AME Elite Consortium Bhd - Slightly Below Expections

Moving forward, AME is equipped with an outstanding construction orderbook of RM173.0m to sustain earnings visibility for the next 2 years. For FY23, new property sales recorded at RM479.2m, which has largely surpassed FY22 sales of RM168.4m. Unbilled property sales at c. RM351.3m (up from RM273.0m in 3QFY23) will sustain the property development segment earnings for 2 years.

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