Submitted by corpcomm on Mon, 04/01/2024 - 10:21
01 Apr 2024

After navigating through challenging times, Eupe has emerged with resilience and determination. Established in 1986, Eupe initially gained recognition in Kedah for its remarkable speed and affordability. The Kedah Riya Taman project, completed in just 20 months, marked a milestone with over 3,400 low-cost houses priced at RM25,000 each, setting a precedent in the industry.

In 2016, Eupe launched its first Selangor project, Novum @ Bangsar South, which achieved a remarkable 90% sales rate despite market challenges. Subsequent projects, including Parc3, demonstrated Eupe's unwavering commitment to excellence and community-centric design.

Despite setbacks caused by the pandemic, Eupe is poised for a comeback. The successful launches of Est8 @ Seputeh and Helix2 @ PJ South underscore Eupe's enduring appeal and market resilience. By integrating Kedah community elements into its properties and prioritizing meticulous design, Eupe continues to set itself apart in the competitive landscape.

Managing Director Dato Beh Huck Lee remains optimistic about Eupe's future prospects, citing robust sales performance and a pipeline of upcoming projects. With over RM720 million in unfinished business and plans for new developments exceeding RM1.5 billion, Eupe is primed for accelerated growth.

Eupe's solid financial performance reflects its operational efficiency and strategic foresight. Despite challenges posed by the pandemic, Eupe remains financially robust, with net profits exceeding market capitalization over the past five years.

Looking ahead, Eupe is embarking on the next phase of its growth strategy, bolstered by private placements and efforts to enhance investor visibility. With a transparent and competitive operating structure, Eupe is well-positioned to navigate future challenges and achieve sustained success.

As Eupe prepares to announce its fourth-quarter financial results, investors can anticipate continued growth and value creation from this esteemed developer. With a stock price of 99.5 sen and a visionary leadership under major shareholder Dato' Beh, Eupe is poised to write the next chapter of its success story in the Malaysian real estate landscape.

Sin Chew Daily: EUPE is highly competitive and achieves great results most of the time
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