K. Wah International (173.HK): Even & Sustainable Project Pipeline September 20, 2017 341

Investment Summary

– Several major properties, such as The Spectra, are expected to be completed in 2H2017 and these projects will bring sizable revenue and cash flow to the group

– Expected improvement in profit margins for the Kai Tak projects, caused by the high price of the land obtained by other developers

– Increasing recurring income brought by the increase in the GFA of investment properties

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