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E&O to prioritise RM1b sales target over passing on higher costs to buyers

E&O to prioritise RM1b sales target over passing on higher costs to buyers

news

Updated:
  • Eastern & Oriental Bhd may absorb rising construction costs instead of fully passing them to buyers.
  • MD Kok Tuck Cheong noted future projects will face pricing pressures due to logistics and material costs.
  • The company aims to protect its RM1 bil annual sales while exploring new opportunities outside Penang.
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Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

Sime Darby Property’s 1Q profit up 33.5%, to reassess RM4 bil sales target amid cost pressures

news

Updated:
  • Sime Darby Property Bhd reported a 33.5% rise in net profit to RM163 mil for 1QFY2026, despite lower revenue.
  • The company achieved RM918.9 mil in sales, with industrial products being the largest contributor at 53%.
  • A long-term incentive plan for executives is proposed, pending shareholder approval on June 10, 2026.
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SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

SkyWorld’s FY2026 sales hit RM1 bil, unbilled sales jump to RM1.1 bil on KL and Penang launches

news

Updated:
  • SkyWorld Development Bhd reported a strong FY2026 with RM1 bil in property sales and RM430.5 mil in revenue.
  • The company remains optimistic for FY2027, supported by a robust project pipeline.
  • The board proposed a total dividend of 0.60 sen per share, reflecting its commitment to shareholder returns.
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UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

UOA Development posts RM41.9 mil 1Q profit, locks in 10 sen final dividend and RM612 mil unbilled sales

news

Updated:
  • UOA Development Bhd reported a 1Q net profit of RM41.9 mil and new property sales of RM130.7 mil.
  • Shareholders approved a 10 sen final dividend for FY2025 and renewed key mandates at the AGM.
  • The company remains optimistic about future growth with unbilled sales of RM612.4 mil.
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Sunway’s 1Q revenue lifted by stronger property and construction; RM9.4b headline profit boosted by healthcare listing gain

Sunway’s 1Q revenue lifted by stronger property and construction; RM9.4b headline profit boosted by healthcare listing gain

news

Updated:
  • Sunway Bhd reported a strong first quarter with property development revenue doubling to RM653.6 mil.
  • Construction revenue fell 35.8% to RM794.5 million, but profit before tax rose 38.9% to RM159.1 mil.
  • Overall, group PBT surged to RM9.56 bil, largely due to a one-off gain from its healthcare listing.
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Cahya Mata posts stronger 1Q earnings as BCCK2 contract drives property development turnaround

Cahya Mata posts stronger 1Q earnings as BCCK2 contract drives property development turnaround

news

Updated:
  • Cahya Mata Sarawak Bhd reported a 13.1% revenue increase to RM278.5 million in Q1, driven by infrastructure growth.
  • Profit before tax rose 27.2% to RM34.2 million, but net profit fell 5% due to a prior tax credit.
  • The property development division saw a 341% revenue surge, while the oiltools segment struggled with a 45.7% revenue decline.
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Strata title limbo: High Court rules developer must pay, speed up application

Strata title limbo: High Court rules developer must pay, speed up application

news

Updated:
  • A recent KL High Court ruling favoured homeowners, ordering a developer to complete strata title processes.
  • Case highlighted the developer's failure to pay required premiums, which delayed title issuance for decades.
  • Homeowners are encouraged to engage their JMB for updates and take legal action if necessary.
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Lingkaran Cekap to implement Genting Highlands road charges in two phases effective May 28 and June 28

Lingkaran Cekap to implement Genting Highlands road charges in two phases effective May 28 and June 28

news

Updated:
  • Lingkaran Cekap Sdn Bhd will implement road charges for Genting Highlands starting May 28, 2026.
  • Charges vary by vehicle class, with cars paying RM5 and heavy lorries RM25 at entry points.
  • Permanent residents can register for discounted rates and a season pass for unlimited access starting June 28.
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Sunsuria posts lower first-half earnings as project completions weigh on revenue

Sunsuria posts lower first-half earnings as project completions weigh on revenue

news

Updated:
  • Sunsuria Bhd reported lower revenue and earnings for the first half of its financial year.
  • Revenue declined 16.1% to RM238.65 million, while profit before tax fell 42.4% to RM21.51 million.
  • The group is expanding its pipeline with the KL City Gateway acquisition amid rising cost pressures.
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Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

Paramount flags 3%–5% price hike for new launches, keeps RM1.2b sales target

news

Updated:
  • Paramount Corp Bhd anticipates a 10% rise in construction costs and plans a 3% to 5% price increase for new launches.
  • Despite 80% of ongoing project costs being insulated, new launches will face higher pressures due to geopolitical tensions.
  • The company aims for RM1.2 billion in property sales this year, focusing on starter homes amid cautious upgrader demand.
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E&O to prioritise RM1b sales target over passing on higher costs to buyers