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As a near-term milestone, Phase 1 of Mega Fortris UK facility, a centralised warehouse and distribution centre with marking capability, is expected to complete by end-2025, supporting regional fulfilment and responsiveness to customers in key markets.
Steel Hawk has just signed a contract worth MYR 60.97 million. Considering that 17% of this (approximately MYR 10 million) could be recognized in the final quarter of FY2025, we are revising our FY2025 earnings forecast for the company upwards by 10.6%.
The net profit margin for the new contract is approximately 10%, consistent with existing Engineering, Procurement, Construction, and Commissioning (EPCC) projects. Additionally, Steel Hawk's EPCC order value has been increased from MYR 94.8 million to MYR 155.8 million.
AmanahRaya REIT, Urban Collection ink 15-year lease for former Holiday Villa Alor Setar. The agreement is structured as three consecutive terms and includes a double net lease arrangement with a 10% rental escalation at each renewal. Operations under the new operator are expected to commence by May 1, 2026.
Honestly, for trading, 3-6 months is definitely a decent timeframe to see some meaningful moves. Long enough to ride out short-term noise and capture larger trends.
Skyworld are trying to achieve its RM4.6 billion gross development value (GDV) target by end-2026 with Penang being a key pillar of the company's expansion beyond Klang Valley