BY UNICAPITAL SECURITIES
8990 Holdings, Inc. (HOUSE) sees positive earnings growth momentum to continue this year as it increases its unit launches by more than a fifth.
According to its president, Januario Jesus B. Atencio, profit could hit PHP 3.6-PHP 3.7 billion in 2015, a growth of 20-23% from the low-end of its 2014 earnings guidance of PHP 3 billion.
Revenues are targeted to hit PHP 9-9.4 billion this year, an expansion of 18-24% from the low-end of its 2014 forecast of PHP 7.6 billion.
HOUSE will be rolling out 8 new projects covering nearly 80 has. of land totaling 14,010 units, a fifth higher than the 11,574 units launched last year.