Guocoland

Guocoland: Great 4Q results reversing FY12 from a loss. 4Q rev at $319.7m up over 3 fold yoy with net profit at $66.1m +47.5% yoy. The higher rev was attributed to co’s residential projects in Sg and Shanghai Guoson Centre’s office blk. Co guides that sentiment for luxury homes continue to be cautious following cooling policy measures though suburban demand remains stable. In China, govt measure also continue to slow demand. A dividend of 5c have been proposed.