TheStar(Sep 2026)

Mah Sing forecast to sustain profitability in 2H26

Mah Sing is expected to remain profitable in 2H26, supported by stronger property billings and a manufacturing recovery. First-half property sales reached RM1.32bil, with RM1.7bil of launches in the pipeline and MS Industrial Park at Kulai planned for launch by end-2026. Core net profit was RM135.3mil in 1H26. A 14.4-acre Ampang acquisition adds a serviced apartment project with RM1.92bil estimated gross development value. Risks include high-rise oversupply, glove margin pressure and construction cost volatility.

TheStar(Sep 2026)

AME set for stronger finish as property sales, construction gain traction

Analysts expect AME Elite earnings to improve as property sales are recognised and construction and rental contributions grow. In 1QFY27, core profit after tax and minority interests fell 23% to RM25mil despite revenue rising 4% to RM196mil, reflecting lower margins and higher interest costs. Construction revenue rose 74%, while property investment revenue increased 22%. The RM400mil FY27 property sales target is supported by RM62.1mil in new sales, RM35.4mil in Johor bookings and RM117.2mil in bookings from its Penang joint venture.

TheStar(Sep 2026)

Lagenda raises RM475mil from sukuk issuance

Lagenda Capital, a wholly owned subsidiary of Lagenda Properties, completed a RM475mil sukuk wakalah issuance on 17 September 2026. Proceeds will fund syariah-compliant inter-company advances for acquisitions, working capital and affordable housing developments. The sukuk is secured, unrated and unlisted. Alliance Islamic Bank and AmInvestment Bank are joint principal advisers, lead arrangers and lead managers. Lagenda reported 2Q26 net profit of RM56.57mil, up from RM45.24mil a year earlier.

TheStar(Sep 2026)

Glomac 1Q net profit at RM8mil

Glomac returned to profit in 1QFY27, recording RM7.6mil compared with a RM1.42mil loss a year earlier. Revenue increased to RM68.53mil from RM26.05mil, driven by stronger property development contributions and increased activity across ongoing projects. The group expects its development pipeline, construction progress and planned launches to sustain growth. It announced a final dividend of 1.38 sen per share for FY26, payable on 16 December 2026.

TheStar(Sep 2026)

Property launches to boost Glomac sales momentum from 2Q onwards

Glomac expects sales momentum to improve from 2QFY27 as new projects are progressively launched. Planned annual launches total about RM317mil, including RM163mil scheduled for September 19, 2026: Qaya shop offices at Saujana Perdana, Serai 3 at Sungai Buloh Country Resort and 16 Legacy at Saujana Rawang. First-quarter net profit of RM7.6mil exceeded analyst expectations, supported by stronger margins. Revenue rose 163% to RM68.5mil, led by property development revenue of RM61.1mil. TA Research maintained its hold recommendation.

TheStar(Sep 2026)

Scientex outlook brightens for FY27

Scientex is expected to sustain FY27 growth through packaging demand, operating efficiencies and affordable housing development. Property earnings are supported by RM2.1bil in unbilled sales, higher planned launches and six new townships. Its 11,049-acre landbank carries an estimated future gross development value of RM40.7bil. Packaging utilisation increased to 61% in FY26, although margins may moderate as raw material costs rise. Higher-value packaging products and cost pass-through measures are expected to help manage cost pressures.

TheStar(Aug 2026)

LBS calibrates strategy amid market headwinds

LBS Bina recorded 2Q26 revenue of RM340.5mil, up 9.9%, and profit after tax and minority interests of RM15.1mil. Property development remained the main contributor, supported by ongoing projects in Selangor and Cameron Highlands. Unbilled sales stood at RM1.06bil, backed by a 3,899-acre landbank. A RM150mil sukuk issuance strengthened funding flexibility, while preparations for its Kwasa Damansara development continued. The group is pacing launches according to demand, pricing and project readiness, with disciplined capital allocation amid cost pressures and more cautious homebuyers.

TheStar(Aug 2026)

Paramount 2Q profit climbs 33.3% on higher revenue

Paramount recorded a 33.3% increase in 2Q26 net profit to RM29.02mil as revenue rose 20.5% to RM276.97mil. Unbilled sales of RM1.5bil support near-term earnings. The group plans RM1.6bil in launches for 2H26, including landed homes in Section U9, Shah Alam, and premium high-rise residences in the U-Thant enclave, Kuala Lumpur. Co-labs Coworking expanded to 232,000 sq ft across 11 locations. Paramount also completed a 3.7-acre Jalan Ampang land acquisition, with its undeveloped landbank totalling 548.6 acres.

TheStar(Aug 2026)

UEM Sunrise first-half sales rise 126%

UEM Sunrise achieved RM1.47bil in 1H26 sales, up 126% and 13% above its unchanged RM1.3bil annual target. Growth was driven by its Collingwood rental housing development in Australia and projects in southern and central Malaysia. Unbilled sales of RM2.9bil are expected to be recognised over 48 months. Second-quarter revenue rose 36.9% to RM605.71mil, while net profit more than doubled to RM46.85mil. Higher earnings also reflected land divestment in Iskandar Puteri and stronger contributions from joint ventures and associates.

TheStar(Aug 2026)

Matrix Concepts eyes RM1.8bil sales in FY27

Matrix Concepts targets RM1.8bil in FY27 property sales, supported by RM2bil of planned launches in Negri Sembilan, the Klang Valley and Johor. Unbilled sales of RM1.5bil provide 15 to 18 months of earnings visibility. Growth is anchored by Sendayan and the 2,382-acre MVV City, which has an estimated RM15bil gross development value. A second phase at Bandar Seri Impian in Kluang is planned for September, while Australian rental housing and healthcare projects diversify income sources.

TheStar(Aug 2026)

SimeProp set for stronger 2H performance

Sime Darby Property is expected to deliver stronger 2H26 earnings as data centre contributions increase and progress billings accelerate. Planned second-half launches total RM2.7bil, supporting an unchanged RM4bil sales target and RM4.7bil annual launch programme. Unbilled sales of RM3.8bil and RM1bil in bookings underpin visibility. Assets under management reached about RM5bil, with a RM10bil target by 2028. Recent acquisitions in Kuala Lumpur and Kulai strengthen the development pipeline, although analysts remain cautious about earnings conversion and valuation upside.

TheStar(Aug 2026)

KLCC Property 2Q net profit rises to RM204.4mil

KLCC Property Holdings recorded 2Q26 net profit of RM204.42mil, up from RM200.45mil, while revenue increased to RM415.72mil from RM410.25mil. Performance was supported by higher rental rates at Menara Exxon Mobil and steady retail and management services contributions. Refinancing of sukuk under KLCC REIT reduced financing costs. Office profitability remained stable through long-term and triple net leases, while healthy retail rental rates and better occupancy at Menara 3 supported performance. Retail revenue and pre-tax profit reached RM143.7mil and RM114.3mil respectively.

TheStar(Aug 2026)

Perak Transit 2Q profit at RM15.15mil

Perak Transit reported 2Q26 profit of RM15.15mil, down 23.8% from RM19.88mil a year earlier, due to lower contributions from public transportation terminal operations. Revenue nevertheless increased 9.4% to RM53.76mil from RM49.14mil. The improvement reflected stronger bus and petrol station operations, together with the commencement of its goods trading business in May 2026. The results show revenue diversification, although weaker terminal earnings weighed on overall profitability.

TheStar(Aug 2026)

Record 1H revenue for Lagenda as it eyes growth

Lagenda Properties delivered record 1H26 revenue of RM598.4mil, up 18.9%, while net profit rose 12.2% to RM100.8mil. Property sales reached RM876.3mil, with Johor contributing about half through developments in Kulai and Kota Tinggi. Record unbilled sales of RM1.75bil and nearly 4,000 acres of landbank support future earnings. Demand for affordable homes remains encouraging, with upcoming township launches in Johor, Kedah, Negri Sembilan, Pahang and Perak. The group continues disciplined land acquisitions and construction execution to sustain growth.

TheStar(Aug 2026)

SimeProp 1H earnings soar 84%

Sime Darby Property reported an almost 84% increase in 1H26 net profit to RM480.8mil, with revenue rising 1.3% to RM1.96bil. Earnings benefited from industrial and high-rise construction progress and included RM120.4mil in property development fair value gains. The group raised its dividend payout range to 40% to 60% as recurring income expands. Unbilled sales reached RM3.8bil, while FY26 planned launches total RM4.7bil. Data centres, industrial and logistics assets underpin its target for recurring income to contribute 30% of earnings before interest and tax by FY28.

TheStar(Aug 2026)

Progressive billings anchor UOA Development earnings

UOA Development reported 2Q26 revenue of RM221.2mil, up 69.9%, while profit after tax and minority interests increased to RM95.6mil from RM91.7mil. Growth was mainly driven by progressive revenue recognition from Aster Hill, Bamboo Hills Residences, Duo Tower and Aethera Residences. New property sales for the period ended June 30 totalled approximately RM317.4mil, largely from the same developments. Unbilled sales stood at about RM565.9mil, providing a pipeline for future revenue recognition as construction progresses.

TheStar(Aug 2026)

Domestic delight for S P Setia

S P Setia recorded RM864mil in 2Q26 sales, with domestic projects contributing 91%, led by central and southern Malaysia. First-half sales reached RM1.42bil. Quarterly net profit eased to RM98.06mil and revenue declined to RM821.39mil, mainly reflecting lower land sales. Borrowings were reduced by RM209mil, while net gearing remained at 0.31 times. Growth initiatives include the 509-acre Setia Fontaines Industrial Park in Penang and Setia Edenia in Vietnam, scheduled for completion in 2027. The group remains focused on townships, industrial development and disciplined execution.

TheStar(Aug 2026)

IJM confident of brighter FY27 after profit jumps

IJM reported 1QFY27 net profit of RM137.4mil, up 43.7%, as revenue increased 32.3% to RM2.29bil. Construction, manufacturing and quarrying drove growth, supported by a RM14.51bil construction order book covering data centres, industrial facilities and infrastructure. Unbilled property and land sales of about RM2.2bil support the property division, although its pre-tax profit declined. Two newly secured fast-track projects total RM909.5mil. The New Pantai Expressway Extension is targeted for completion in October 2029, providing longer-term infrastructure earnings potential.

TheStar(Aug 2026)

IOIPG posts record FY26 revenue of RM4.44bil

IOI Properties recorded FY26 revenue of RM4.44bil, up 45%, while net profit more than doubled to RM2.15bil. Growth spanned property development, investment and hospitality, with reported earnings also benefiting from a RM502.8mil South Beach Tower remeasurement gain. Underlying pre-tax profit rose 91% to RM1.3bil. Property sales reached RM3.91bil and unbilled sales hit RM2.51bil. Its proposed real estate investment trust remains on track for listing in 4Q2026, while Singapore office assets and expanding hospitality operations support future recurring income.

TheStar(Aug 2026)

Matrix Concepts sales rise as MVV City expands

Matrix Concepts recorded RM416.7mil in new property sales in 1QFY27, up 9.2%, led by Sendayan Developments and expanding contributions from MVV City. Revenue increased 11% to RM315.58mil, while net profit eased to RM60.19mil due to the absence of investment gains and higher marketing expenses. MVV City generated RM96.8mil in sales, while Sendayan contributed RM235.3mil. Unbilled sales of RM1.5bil provide 15 to 18 months of earnings visibility. Industrial expansion and recurring income from Australian rental housing support future growth.

TheStar(Aug 2026)

Hextar Portfolio to take over Hextar Retail

Hextar Portfolio made a conditional voluntary takeover offer for the remaining shares in Hextar Retail at RM0.43 per share on behalf of Ong Choo Meng. The offer represents a 7.5% premium to the last traded price of RM0.40 on August 7. Hextar Portfolio holds a 30.6% stake, while a party acting in concert holds 0.6%. The offer is conditional on acceptances that would give the offeror and ultimate offeror more than 50% of voting shares.

TheStar(Aug 2026)

Hap Seng net profit eases to RM135.08mil

Hap Seng Consolidated recorded 2Q26 net profit of RM135.08mil, down from RM143.68mil, despite revenue rising 6% to RM1.37bil. Lower property and building materials earnings outweighed stronger plantation, automotive and trading contributions. First-half net profit declined to RM229.81mil, while revenue increased to RM2.56bil. The group expects resilient palm oil prices and continued property market momentum in 2H26, supported by employment, infrastructure investment and homeownership initiatives. It remains cautious about geopolitical risks and broader economic conditions.

TheStar(Aug 2026)

Sime Darby FY26 core net profit expands 32.6%

Sime Darby recorded FY26 core net profit of RM1.55bil, up 32.6%, supported by stronger motors earnings. Reported net profit fell 14.5% to RM1.76bil as land disposal gains declined and impairments were recognised. Revenue eased 0.8% to RM69.47bil. Its industrial order book stood at RM4.66bil in July, with data centre demand and a recovery in mining supporting FY27 prospects. Management expects core financial performance to remain consistent despite challenges in China and continued market uncertainty.

TheStar(Aug 2026)

Bright days ahead for IJM on solid order books

IJM expects stronger FY27 results, supported by an outstanding construction order book of RM14.5bil and sustainable construction margins of about 6%. It targets RM6bil to RM8bil in new jobs after securing RM1.77bil, including data centre, semiconductor and medical technology projects. First-quarter net profit rose 43.7% to RM137.4mil on revenue of RM2.29bil. The group plans to list IJM Construction by the third quarter of 2027, subject to approvals. Property sales of RM603.5mil and unbilled sales of RM2.2bil provide additional earnings support.

TheStar(Aug 2026)

Paramount sales set for boost in second half

Paramount is expected to strengthen 2H26 sales through RM1.6bil in planned launches and RM1.3bil of available-for-sale developments, including two major residential launches in 4Q26. First-half net profit rose 20% to RM43.4mil despite revenue declining 4% to RM429.2mil. A RM79mil industrial land sale in Bandar Lunas, Kedah, supported second-quarter sales. Co-labs Coworking may remain loss-making during expansion, although its 232,000 sq ft portfolio across 11 locations should strengthen recurring income over time.

TheStar(Aug 2026)

Sunway logs positive 2Q, keeps optimistic outlook

Sunway posted 2Q26 net profit of RM318.6mil, up 16.7%, while revenue increased 13.4% to RM2.91bil. Property development and healthcare were key contributors, with property development revenue rising 15.2% to RM405mil. Construction orders secured year to date reached RM6.9bil, prompting an increase in the annual replenishment target to RM7bil to RM9bil. The group expects resilient property demand, construction activity and medical tourism to support 2H26, while remaining alert to geopolitical risks. A dividend of three sen per share was declared.

TheStar(Jul 2026)

Lagenda in RM543mil stake sale

Lagenda Properties proposed selling 60% stakes in two construction subsidiaries to Epicon for RM543.16mil as part of a restructuring to sharpen its property development focus and build a larger listed construction platform. Epicon may later acquire the remaining 40% stakes for up to RM362.1mil, potentially raising the total transaction value to RM905.26mil.

TheStar(Jul 2026)

OCR to buy 49% in Chester Properties for RM20mil

OCR Group agreed to acquire a 49% stake in Chester Properties for RM19.6mil through the issuance of 478.05 million new shares. Chester operates 11 branches across key Malaysian property markets and is supported by about 4,000 agents. OCR plans to use Chester management expertise, sales channels and network to strengthen project marketing and sales activities.

TheStar(Jul 2026)

Country View posts higher 2Q bottom line

Country View reported a 15.3% year on year increase in second quarter net profit to RM21.1mil, despite revenue falling 18.9% to RM83.4mil. Lower sales volume reduced turnover, while profit benefited from construction progress at Aurora Avenue and the sale of commercial land in Taman Nusa Sentral. For the six months ended May, net profit fell 14.4% to RM41.4mil and revenue declined 16% to RM182.2mil.

TheStar(Jul 2026)

BProperty in RM1.3bil tyre manufacturing JV

Berjaya Property is entering automotive tyre manufacturing through a joint venture with Chinese state owned Trusmax Investment. The planned RM1.3bil plant will be built on 67.9 acres in Hulu Selangor. Berjaya Property will hold 30% of the venture and contribute RM244.01mil, including land valued at RM118.31mil, while Trusmax will own 70% and contribute RM569.34mil. Remaining plant costs will be financed through borrowings.

TheStar(Jul 2026)

SimeProp NEV in RM2.6bil DC sukuk programme

Sime Darby Property NEV established a sukuk programme of up to RM2.6bil to finance build to suit data centres and logistics assets. Green sukuk proceeds will partly fund hyperscale data centres at Elmina Business Park and a distribution warehouse in the City of Elmina. The projects are backed by long leases and form part of the group strategy to expand recurring income and institutional grade assets.

TheStar(Jul 2026)

SimeProp building recurring earnings

Sime Darby Property is expanding recurring income through data centres, industrial and logistics assets, retail developments and land monetisation in the Elmina Growth Corridor. Management targets assets under management of about RM10bil by 2028 and recurring income of roughly 30% of earnings by FY28. Research houses said the strategy should strengthen earnings resilience, supported by new data centres, fund structures and continued industrial demand.

TheStar(Jul 2026)

New launches to boost EcoWorld Malaysia

EcoWorld Malaysia is expected to sustain industrial growth through FY28, supported by strong demand and new launches. Industrial sales reached RM1.15bil in the first seven months of FY26. Eco Business Park 7 recorded RM796mil in sales and 80% take-up of Phase 1 since its November 2025 launch. Planned Eco Business Park 8 and 9 launches span 1,151 acres with RM4.76bil in gross development value. CGS International projects annual EBP 7 sales of RM400mil to RM500mil in FY27 and FY28, with further pricing upside.

TheStar(Jul 2026)

New launches to boost EcoWorld Malaysia

EcoWorld Malaysia is expected to sustain industrial growth through FY28, supported by strong demand and new launches. Industrial sales reached RM1.15bil in the first seven months of FY26. Eco Business Park 7 recorded RM796mil in sales and 80% take-up of Phase 1 since its November 2025 launch. Planned Eco Business Park 8 and 9 launches span 1,151 acres with RM4.76bil in gross development value. CGS International projects annual EBP 7 sales of RM400mil to RM500mil in FY27 and FY28, with further pricing upside.

TheStar(Jun 2026)

EcoWorld Malaysia inches closer to FY26 sales target

EcoWorld Malaysia achieved RM3.28bil in sales for the first seven months of FY26, reaching 82% of its RM4bil target. Sales were led by the southern region, while residential projects remained the largest contributor. The group reported higher quarterly profit and record future revenue of RM5.38bil, supporting earnings visibility. Management remains optimistic, citing strong demand, healthy cash balances, and resilient property market fundamentals.

TheStar(Jun 2026)

Binastra seen well-positioned for record earnings levels in FY27-FY29

Binastra Corp is expected to deliver stronger earnings from FY27 to FY29 as margins improve on lower building material and diesel prices, backed by a RM6.8bil order book and RM2bil replenishment target. Analysts highlighted data centre exposure, renewable energy projects, and the LF Larsen acquisition as key drivers. Research houses maintained buy calls and raised target prices, citing better execution, steadier costs, and possible new data centre jobs.

TheStar(Jun 2026)

SkyWorld poised for gradual FY27 recovery

SkyWorld Development is expected to recover gradually from FY27 after a challenging FY26 marked by soft margins, higher financing costs, and limited earnings from new launches. Analysts said FY26 may be the bottom, with stronger billings from projects such as Vesta Residences and SkyAmani. Future growth is supported by RM1.1bil in unbilled sales, more than RM2bil in planned launches, and its SkyWorld 2040 roadmap.

TheStar(Jun 2026)

YLI inks deal for Selangor land development

YLI Holdings entered a joint development agreement with Puncak Alam Housing to develop 10.963 acres of vacant land in Bandar Puncak Alam. The arrangement allows YLI to diversify into property development without purchasing the land outright, helping optimise capital deployment and broaden its earnings base. The group said the project supports long term growth and strategic diversification from manufacturing, trading, construction and project management.

TheStar(Jun 2026)

Sentoria to be delisted soon

Sentoria Group shares were set to be suspended from trading on June 12, 2026, and delisted on June 16 unless an appeal was submitted by June 11. The delisting followed its failure to submit a regularisation plan to the Securities Commission or Bursa Securities by the extended June 3 deadline. If an appeal was filed within the timeframe, the delisting would be deferred pending Bursa Securities decision.

TheStar(Jun 2026)

IJM starts FY27 with plans to unlock value

IJM Corp is aiming to reset investor sentiment with a RM3bil shareholder distribution plan over three years. The strategy includes the proposed listing of its construction arm, monetisation of domestic toll assets, and exit from India. Analysts expect the plan to improve returns, supported by a strong RM14.7bil order book, RM18bil tender book, and potential gains from asset sales and property sales backlog.

TheStar(Jun 2026)

Binastra 1Q revenue surges to RM606mil

Binastra Corp posted a strong first quarter, with net profit rising to RM35.27mil from RM25.14mil and revenue surging to RM605.57mil from RM256.85mil a year earlier. Growth was mainly driven by its construction segment, including new construction services and solar installation projects. Solar projects contributed RM221.8mil during the quarter, while the group expects Malaysia construction activity to stay resilient on infrastructure, industrial, and private sector demand.

TheStar(Jun 2026)

Mah Sing to benefit from DC boom

Mah Sing Group is expected to benefit from earnings visibility through strong affordable home sales and potential data centre land monetisation. Analysts noted plans to form a joint venture for data centre landbank, alongside effective landbank management and a strong balance sheet. While construction costs and diesel prices remain risks, upcoming industrial and premium projects are expected to support diversification beyond its core M Series products.

TheStar(Jun 2026)

Crescendo net profit surges to RM136mil in 1Q

Crescendo Corp reported first quarter net profit of RM135.74mil, up sharply from RM5.21mil a year earlier, while revenue rose to RM317.87mil from RM65.06mil. The increase was mainly driven by a data centre land sale at Bandar Cemerlang Industrial Park. The group remains cautious on geopolitical and cost pressures but expects industrial property demand in Johor to stay healthy, supported by government initiatives and foreign investment.

TheStar(Jun 2026)

Optimistic outlook for Kerjaya Prospek Group

Analysts remain positive on Kerjaya Prospek after its latest RM529mil premium residential contract lifted year-to-date new job wins to RM1.6bil. The project is expected to strengthen the order book and contribute earnings over 33 months. Research houses cited resilient growth, contract replenishment progress, attractive valuation, and potential future jobs from industrial and related party projects as supports for the groups outlook.

TheStar(Jun 2026)

Lagenda set on providing sustainable returns

Lagenda Properties plans to focus on markets with strong fundamentals while staying open to selected expansion opportunities. The group reported a strong start to FY26, with confirmed sales rising 48% year-on-year to RM372.5mil and unbilled sales reaching RM1.67bil. Management expects construction progress to lift revenue recognition and remains confident in affordable housing demand, supported by demographic trends and resilient need-based buying.

TheStar(May 2026)

S P Setia posts quarterly bottom line of RM31mil

S P Setia posted 1Q26 net profit of RM31.12mil despite fewer land sales and unrealised foreign exchange losses. Revenue rose 7% year-on-year to RM826.54mil, while sales reached RM555mil, mostly from domestic projects. The group will continue strategic launches across key Malaysian regions and internationally, supported by prudent cash management, cost discipline, industrial expansion in Penang and the Setia Edenia project in Vietnam.

TheStar(May 2026)

Sunsuria records healthier 2Q26 earnings on project advancement

Sunsuria recorded 2Q26 revenue of RM120.61mil and profit before tax of RM14.04mil, supported by stronger contributions from Bangsar Hill Park Talisa as construction progressed. Revenue rose from the immediate preceding quarter but was lower year-on-year due to completion of past projects and lower ongoing development contributions. Year-to-date revenue reached RM238.65mil with profit before tax of RM21.51mil.

TheStar(May 2026)

Paramount banks on U-Thant sales this year

Paramount Corp targets RM1.2bil in 2026 sales, supported by its U-Thant Enclave high-rise project in Kuala Lumpur and RM1.5bil in unbilled sales. The group also has a RM3.3bil landbank and RM4bil gross development value from newly signed projects. Management expects double-digit profit growth, with future focus on the northern region and Klang Valley, asset monetisation and stronger shareholder returns by 2030.

TheStar(May 2026)

Mah Sing rides record sales

Mah Sing Group recorded its strongest sales performance in a decade with RM2.51bil in 2025 and is targeting RM2.76bil in 2026. Management said the focus remains disciplined execution, quick project turnaround and cost optimisation. Growth will be supported by M Series homes, higher-end segments, industrial projects, data centre opportunities and a strong balance sheet with low gearing. The company also highlighted steady take-up rates and healthy unbilled sales.

TheStar(May 2026)

Unbilled sales steady Lagenda Properties outlook

Analysts expect Lagenda Properties earnings to be supported by RM1.7bil in unbilled sales, a sizeable project pipeline and planned launches. The group targets RM1.9bil in 2026 property sales, with new township launches expected in Senawang and Sungai Petani. While 1Q26 profit and revenue dipped, research houses remain positive due to affordable housing demand, healthy sales momentum and improving revenue recognition from a larger launch base.

TheStar(May 2026)

IJM looks to FY27 after tough fourth quarter

IJM Corp expects a better FY27 from its construction division, supported by a RM14.7bil order book and data centre, industrial building and infrastructure jobs. FY26 was difficult, with a fourth quarter net loss of RM173.9mil due to forex losses, impairments and weaker property and port contributions. Revenue improved, while construction revenue reached a record RM6.88bil. The group maintained dividends and expects land disposals to support earnings.

TheStar(May 2026)

Singapore assets to spur IOIPG net asset value

IOI Properties Group is increasingly seen as a net asset value compounder as it expands its Singapore office portfolio. UBS Research expects NAV to grow about 5% annually to 2030, supported by the proposed M-REIT spin-off, Asia Square Tower 2 acquisition and recent valuation roll-forward. DBS Research noted IOIPG has become one of Singapore largest CBD office landlords, with assets supported by institutional capital inflows and strong tenant demand.

TheStar(May 2026)

MajuPerak exits affected listed issuer status, strengthens recovery journey

MajuPerak Holdings is no longer classified as an affected listed issuer by Bursa Malaysia with immediate effect. Parent company PKNPk said the move reflects restructuring and strengthening measures carried out over recent years. Management said the uplift removes doubts over MajuPerak future and supports its role as a strategic engine for Perak development, backed by stronger financial fundamentals, governance and business direction.

TheStar(May 2026)

Lagenda Properties posts stable first-quarter results

Lagenda Properties reported stable 1Q26 results despite geopolitical uncertainty and inflationary pressures. Net profit eased to RM44.17mil from RM44.59mil, while revenue slipped to RM262.12mil from RM264.40mil due to lower property development contributions. The group said operational impact should remain manageable, supported by resilient domestic demand from its affordable housing-focused business model, which remains the key earnings contributor.

TheStar(May 2026)

UEM Sunrise 1Q earnings at RM16mil

UEM Sunrise recorded 1Q26 net profit of RM16.2mil, down from RM20.49mil a year earlier, while revenue fell to RM347.71mil. The decline was mainly due to lower land sales after the prior period benefited from a divestment in Iskandar Puteri. However, property development revenue rose 24%, supported by better sales and construction progress from MINH, Connaught One and DiReka Square.

TheStar(May 2026)

Batu Kawan acquires 47.7% stake in MKH

Batu Kawan is set to become the controlling shareholder of MKH after agreeing to acquire up to 47.7% of the property and plantation group for about RM549.8mil, triggering a mandatory general offer. The deal also gives indirect control over MKH Oil Palm. Batu Kawan said it may seek to delist MKH if it and concert parties hold 90% or more after the offer.

TheStar(May 2026)

Automation, data boost efficiency across operations

Mah Sing said investments in automation, artificial intelligence-driven insights and data platforms are improving efficiency and decision-making, while its My Mah Sing app enhances the end-to-end homeownership experience. The group expects the 2026 market to remain resilient, supported by stable fundamentals, healthy employment and demand from homebuyers. Its RM2.76bil sales target is underpinned by a strong launch pipeline and healthy unbilled sales.

TheStar(May 2026)

Record property sales of RM1.4bil for E&O

Eastern and Oriental recorded FY26 net profit of RM221.21mil, up 31%, supported by record property sales of RM1.4bil and unbilled sales of RM1.7bil. Revenue rose 17% to RM867.64mil, mainly from ongoing developments and new projects. The property segment remained the key contributor, helped by construction progress and sales from Penang and Klang Valley developments.

TheStar(May 2026)

IOIPG profit triples in 3Q26, reiterates outlook

IOI Properties Group reported a more than threefold jump in 3Q26 net profit to RM258.1mil, while revenue rose 38.7% to RM1.05bil. Growth was supported by the consolidation of Scottsdale Properties, higher property development contributions and stronger occupancy at IOI Central Boulevard Tower. The group expects sustained earnings from diversified assets, hospitality and leisure recovery, favourable interest rates and new launches such as The Cube Plus.

TheStar(May 2026)

I-Bhd records profit growth amid transition

I-Bhd posted 1Q net profit of RM10.42mil versus RM9.96mil a year earlier, despite revenue falling to RM43.93mil. Lower progressive billings from property development weighed on revenue after a project reached completion. Segment pre-tax profit still rose 21% to RM5.6mil, driven by higher-margin projects, cost optimisation, variation order gains and margin enhancement initiatives as the group shifts toward intelligence-driven urban ecosystems.

TheStar(May 2026)

SimeProp eyes long-term growth

Sime Darby Property outlook remains solid despite geopolitical uncertainty, supported by innovative funding platforms, investment assets and a diversified portfolio. RHB Research said new development funds could support institutional-grade projects including commercial properties, student accommodation and data centres without over-leveraging the balance sheet. Its first core-and-shell data centre has been completed, with lease income expected from 2Q26, while SimeProp remains a top sector pick.

TheStar(May 2026)

Industrial segment to drive Sime Darby bottom line

RHB Research expects Sime Darby industrial division to remain a key earnings driver despite concerns over Malaysia new electric vehicle policy. New rules for imported CBU EVs may pressure its automotive business, particularly China-based brands. The research house maintained a buy call, citing attractive valuation, recovery potential in China, dividend yield and possible policy support. Sime Darby Motors contributed 11% of FY25 revenue and pretax profit.

TheStar(May 2026)

IGB expands property, hospitality pipeline

IGB expects its property development and hospitality businesses to contribute more revenue in 2026, supported by Southpoint Residences and Visit Malaysia 2026. The group plans to grow domestically and regionally, including a new hotel in Southkey, Johor, and land acquisitions in Ipoh. Management cited opportunities in aged care, industrial development, co-living, student accommodation and education, while tourism recovery and investment activity should support prospects.

TheStar(May 2026)

Sunway 1Q profit surges

Sunway posted a sharp rise in 1Q26 net profit to RM9.4bil, largely due to a RM9.1bil fair value gain from the listing and reclassification of Sunway Healthcare Holdings. Excluding the gain, underlying profit before tax improved to RM462.4mil. Property development profit was boosted by the disposal of an education asset, while property investment, construction and healthcare divisions continued contributing to the groups earnings base.

TheStar(May 2026)

Perak Transit 1Q revenue at RM46mil

Perak Transit recorded 1Q26 revenue of RM46.4mil, pre-tax profit of RM20.5mil and profit after tax of RM15.6mil. The group said earnings remained resilient, supported by stable contributions from core transit operations and a recurring income base. It declared a second interim dividend of 0.125 sen per share for FY26 and said it would maintain disciplined capital management while supporting growth initiatives and its share buy-back programme.

TheStar(Apr 2026)

Paramount eyes stable earnings on robust launches

Paramount is expected to deliver stable earnings growth, supported by expanding property presence, annual launches and RM1.5bil in unbilled sales. MBSB Research projected 14% earnings growth for FY26 and highlighted a remaining GDV of RM4.77bil to sustain launches. New land deals, including a Jalan Ampang acquisition, should support future sales. Management also aims to monetise non-core assets and lift return on equity to 10% by 2030.

TheStar(Apr 2026)

UEM Sunrise eyes ROE turnaround on Johor play

UEM Sunrise aims to lift profitability and target triple return on equity over five years by accelerating developments and unlocking Johor land value. Research houses highlighted faster rollouts, recurring income assets and landbank monetisation as key strategies. The Johor-Singapore Special Economic Zone, rapid transit link, active Johor acquisitions and a leaner balance sheet are expected to support prospects, although target prices were trimmed amid market headwinds.

TheStar(Apr 2026)

Lagenda sees manageable diesel impact amid launches

Lagenda Properties expects only a manageable impact from the diesel price surge, with infrastructure exposure limited as major works at Kulai are largely completed. Remaining exposure is mainly linked to its second Sungai Petani township, which has yet to launch. UOB Kay Hian Research said costs can be passed through pricing adjustments, while Lagenda maintains its RM2.65bil launch target and RM1.9bil sales target for 2026.

TheStar(Apr 2026)

Sunsuria poised for steady diversified growth

Sunsuria remains cautiously optimistic, supported by a diversified portfolio, disciplined capital approach and long-term strategy. Its 1Q25 net profit fell to RM1.69mil as revenue slipped to RM118.04mil, mainly due to timing of profit recognition after earlier project completions. Ongoing projects, education revenue growth and the new property investment division provide support, while a development rights agreement in Mukim Sungai Buloh adds future earnings visibility.

TheStar(Apr 2026)

Exsim Hospitality job wins beat expectations

Exsim Hospitality latest RM138mil contract lifted FY26 year-to-date new job wins to RM364.2mil, exceeding TA Research full-year assumption. The contract from Binastra Builders is expected to lift its order book to about RM438.1mil and contribute around RM16.6mil in pre-tax profit over the contract period. TA Research raised job win forecasts, earnings estimates and target price, citing Exsim development pipeline and hospitality strategy.

TheStar(Apr 2026)

Ong Chou Wen becomes NCT Alliance CEO

NCT Alliance appointed Ong Chou Wen as chief executive officer. Ong brings extensive property development experience and expertise in finance, business development, sales and marketing. He was previously CEO of Tropicana Corp from December 2023 to March 2026, where he led initiatives including de-gearing, land monetisation, joint ventures and foreign investment efforts. He also served as CEO of WCT Land, overseeing restructuring and strategic improvements.

TheStar(Apr 2026)

UOA Development ends agreement with CCCC

UOA Development has terminated its shareholder agreement with Care Concierge Care Centre and will become the sole owner and operator of Komune Care Centre in Cheras. The termination was due to divergent business views. CCCC will transfer its 40% equity interest in Komune Care Centre to Federaya for RM500,000 cash. UOA said the move will not have any financial impact on earnings, gearing or net assets.

TheStar(Mar 2026)

Binastra to sustain growth momentum

Binastra Corp plans to sustain growth by executing its order book efficiently and securing new high-value contracts. For FY26, it secured 16 new contracts worth RM4.2bil, while its outstanding order book reached RM7.1bil as at March 2026, providing up to four years of earnings visibility. Fourth-quarter net profit rose to RM42.4mil from RM25.1mil, while revenue increased to RM477.2mil, driven mainly by the construction segment.

TheStar(Feb 2026)

New units likely to lift Exsim Hospitality earnings

TA Research said Exsim Hospitalitys RM131.7 million order book and more than 2,000 ready-to-operate hospitality units secured in January should lift earnings in coming quarters. The group has won RM48.8 million of new jobs year to date, or 19.5% of its FY26 assumption. Analysts kept forecasts unchanged and maintained a buy call with a 40 sen target price.

EdgeProp(Feb 2026)

Sunway Construction tests new all time highs after beating estimates

Sunway Constructions share price hit record highs after FY2025 earnings exceeded expectations. Analysts raised forecasts supported by strong data centre project pipeline and margins. The group targets RM6 billion in new job wins with positive market sentiment and strong analyst recommendations.

TheStar(Feb 2026)

Radium diversifies into healthcare

Radium Development is diversifying from property development into healthcare through the acquisition of 2.88ha of leasehold land in Melaka by its 90%-owned hospital unit for RM25.5 million. The company said the move marks its entry into the healthcare business. Radium also reported 4Q25 net profit of RM1.73 million, while FY25 net profit surged to RM98.6 million, boosted by a one-off land settlement gain.

TheStar(Feb 2026)

Kanger in RM26mil property sale

Kanger International is disposing of 23 proposed serviced apartments at Antara @ Genting Highlands for RM25.93 million. The group said the sale will improve cash flow by reducing the propertys financing commitment, with the net proceeds earmarked for working capital. Management added that the disposal is not expected to materially affect earnings for the current financial period but should contribute positively to future earnings per share.

TheStar(Feb 2026)

SunCon on track for sustainable growth

SunCon posted record FY25 revenue of RM5.43 billion, up 51.6%, while net profit nearly doubled to RM361.8 million. Management said stronger construction activity from RTS Link and data centre jobs, plus margin recalibration from cost savings, lifted profitability despite softer fourth-quarter revenue. The group proposed a 9 sen fourth-quarter dividend, bringing FY25 payout to 50.5 sen, and said its balanced order book supports sustainable growth.

EdgeProp(Feb 2026)

SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

SD Guthrie and the Selangor government signed an MOU to explore a large scale integrated development on Carey Island, potentially up to 5,000 acres. The project is linked to the Carey Island Port and Special Economic Zone, aimed at driving high value economic activities. The initiative supports long term growth in Southern Selangor and reflects SD Guthries diversification into industrial development.

EdgeProp(Feb 2026)

Cahya Mata 4Q net profit down 70% without forex gains, pays three sen dividend

Cahya Mata Sarawak reported a 70.3% drop in 4QFY2025 net profit due to absence of prior forex gains, higher costs and weaker associate contributions. Revenue declined 8.8%. The cement division remained resilient. The group declared a three sen dividend and expects future growth from infrastructure and plant developments.

EdgeProp(Feb 2026)

UOA Developments 4Q profit surges on revaluation gains

UOA Development recorded a 50.3% increase in 4QFY2025 net profit driven by revaluation gains despite lower revenue from slower progress billings. Full year profit rose significantly supported by steady margins and ongoing project contributions. The group maintains healthy unbilled sales.

TheStar(Feb 2026)

Sunways net profit rises to RM502mil in 4Q

Sunway Bhd posted fourth-quarter net profit of RM502.4 million, up from RM334.3 million a year earlier, helped by stronger operations across most businesses, gains from the HLMCL acquisition and asset revaluation. Full-year net profit rose to RM1.3 billion on revenue of RM9.81 billion. The group declared a second interim dividend of two sen and proposed a dividend-in-specie distribution of Sunway Healthcare Holdings shares ahead of the planned listing.

EdgeProp(Feb 2026)

GDB enters Sarawak property market with RM32.72m land purchase

GDB is acquiring three parcels of leasehold land in Kuching, Sarawak for RM32.72 million, marking its expansion into property development in East Malaysia. The group plans a phased mixed use development comprising serviced apartments, SOHO units and retail components. The acquisition will be funded via internal funds and borrowings, strengthening its land bank and pipeline for long term growth.

EdgeProp(Feb 2026)

Johan Holdings unit to sell Lumut hotel and adjoining land for RM47.4m

Johan Holdings is disposing of a hotel and adjoining land in Lumut for RM47.43 million. The transaction includes a 150 room hotel and multiple land parcels and is expected to generate a gain. Proceeds will be used for working capital, with completion targeted in 3Q2026.

EdgeProp(Feb 2026)

Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

Astaka plans to diversify into the healthtech sector by signing an exclusive agreement with Evergrown to manufacture and market sterilisation lighting products. The move aims to expand revenue and integrate innovative technology into its developments. The group targets to launch consumer healthtech products by 3Q2026, with Singapore as the initial market.

EdgeProp(Feb 2026)

Kerjaya Prospek sees 53% earnings jump in 4Q, declares 3.5 sen dividend

Kerjaya Prospek reported a 53.36% increase in 4Q net profit supported by stronger performance across all segments, particularly construction. Revenue rose 12.3% while property development contributions surged. The group declared a higher dividend of 3.5 sen and maintains a strong order book to support future earnings.

EdgeProp(Feb 2026)

Seal hands over control of 31.5 acre Penang reclamation project to property developer GSD Land

Seal is transferring control of its Penang reclamation project to GSD Land to reduce financial exposure. The move allows Seal to retain a minority stake while the new partner assumes funding responsibilities, improving financial stability.

EdgeProp(Feb 2026)

Matang expands durian footprint with RM18.2 mil land acquisition in Tangkak

Matang is acquiring 10 parcels of agricultural land in Johor for RM18.2 million to expand its durian plantation footprint. The land includes mature durian trees such as Musang King and Black Thorn. The acquisition will increase its land bank and is expected to enhance revenue and profitability through higher production.

TheStar(Feb 2026)

Sunsuria reports lower 1Q earnings

Sunsurias first-quarter net profit fell to RM1.69 million from RM8.87 million while revenue declined to RM118.04 million from RM158.38 million. Management attributed the weaker year-on-year performance mainly to timing of progressive profit recognition after completion of major projects in the prior financial year. Its education division recorded higher revenue on stronger student enrolment.

TheStar(Feb 2026)

UOA FY25 property sales at RM673mil

UOA Development booked RM672.9 million in new property sales for FY2025, driven mainly by Bamboo Hills Residences, Duo Tower, Aster Hill and Laurel Residence. Fourth-quarter Patami rose to RM192.8 million from RM128.2 million despite lower revenue, while full-year Patami jumped 65% to RM474.0 million on stronger progressive billings. The board proposed a final single-tier dividend of 10 sen per share, subject to shareholder approval.

TheStar(Feb 2026)

Oriental Kopi buys RM23mil land in Selangor

Oriental Kopi, through its indirect wholly owned unit, is acquiring a leasehold industrial land parcel with a factory in Puchong for RM23 million. The property is currently rented by the group as its head office and warehouse. Management said owning the site will support ongoing operations, reduce disruption, eliminate risks from rental hikes or non-renewal, and provide a stronger base for future growth.

EdgeProp(Feb 2026)

Oriental Kopi firms up deal to buy head office for RM23m

Oriental Kopi has finalised the acquisition of its existing head office and warehouse in Puchong for RM23 million. The leasehold property includes a factory unit and will be funded through internal funds and borrowings. The move is expected to reduce rental and logistics costs while securing long term operational stability and eliminating tenancy risks.

EdgeProp(Feb 2026)

Matrix Concepts 3Q profit climbs 15.5% on stronger revenue recognition, take-ups

Matrix Concepts posted a 15.5% rise in 3Q net profit driven by stronger revenue recognition and project take up. Revenue increased 31.8% supported by contributions from key developments. The group expects continued growth backed by resilient demand and planned launches exceeding RM800 million.

EdgeProp(Feb 2026)

SunCon declares nine sen dividend for 4Q, lifting FY2025 payout to record 50.5 sen as revenue tops RM5b

Sunway Construction reported strong FY2025 results with net profit rising 93.6% to RM361.78 million and revenue exceeding RM5 billion. The group declared a nine sen 4Q dividend, bringing total annual payout to a record 50.5 sen. Growth was driven by strong construction segment performance and data centre projects, with a RM6 billion order book target for 2026.

TheStar(Feb 2026)

Sunway Property sets RM4.2bil sales target

Sunway Property is targeting RM4.2 billion of sales in 2026, backed by a RM4.8 billion launch pipeline across Malaysia and regional markets, after exceeding its 2025 target with RM3.8 billion of sales. Management said the group has RM9.5 billion of unbilled sales and plans new launches in Johor, Klang Valley, Penang, Ipoh, Singapore, China and potentially Cambodia, while continuing to expand in transit-oriented and industrial developments.

EdgeProp(Feb 2026)

Sunsuria 1Q profit slips amid lower progressive property recognition

Sunsuria reported lower quarterly profit and revenue due to reduced progressive recognition from completed projects and higher operating costs. The group secured a new residential project with GDV of RM492 million to support future growth.

EdgeProp(Feb 2026)

Radium Development 4Q net profit reaches RM1.73 mil, eyes healthcare expansion

Radium Development reported lower 4Q net profit but higher revenue. Full year profit increased significantly due to a one off gain. The group plans to diversify into healthcare with a hospital project in Melaka, expanding into healthcare related property developments while maintaining its core property business.

EdgeProp(Feb 2026)

Iskandar Waterfront City to sell 16-acre land in Johor Bahru for RM71.6 mil

Iskandar Waterfront is disposing of 16.43 acres of leasehold land in Johor Bahru for RM71.55 million, generating an estimated post tax profit of RM28.12 million. Proceeds will be used for working capital and debt repayment. The disposal aligns with its strategy to optimise assets, improve liquidity and strengthen financial position.

EdgeProp(Feb 2026)

IOI Properties sells 136 acres of industrial land for RM740 mil

IOI Properties sold 136 acres of industrial land at its Banting industrial park for RM740.68 million to Bridge Data Centres. The transaction reflects strong demand for data centre and industrial assets and supports IOIs industrial park expansion strategy. The sale highlights growing logistics and digital infrastructure demand in Malaysia.

TheStar(Feb 2026)

GuocoLand to be privatised

GLL proposed to privatise GuocoLand Malaysia via a selective capital reduction at RM1.10 per share in cash. If approved, the entitled 34.97% minority stake would be cancelled, giving GLL and its PACs full ownership. The offer implies a premium to the last closing price, requires EGM approval thresholds, and would remove GuocoLand from Bursas Main Market without triggering a downstream offer for Tower REIT.