Well it was a pretty solid 3rd quarter from UOADB, but it would...

Well it was a pretty solid 3rd quarter from UOADB, but it would take substantial property revaluations for them to match the profit achieved in 2013, given YTD EPS is at only 78.2% of prior ytd levels. Looks like total sales will fall short of 2013 levels also with the deferral of some large project launches into 2015.
If the launches for those projects are successful, 2015 could be a very good year & the unbilled sales up to RM1.8 billion lays a solid foundation for future revenues/billings.
Solid but unspectacular I would say. I still maintain that the cap-rates in both the UOAREIT & UOADB property portfolios indicate meaningful revaluations should be imminent, but the timings of these are naturally unpredictable - Eternalgrowth