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Feeling optimistic after the announcement, which is a good sign for the market as this sentiment could translate into increased investment and development in the coming months.
SkyWorld set to advance with strong pipeline and is deeply undervalued, trading at just 6.6 times its calendar year 2026 price-to-earnings ratio compared to the sector’s average of 14.4 times.
SkyWorld Development has already completed 12 projects worth a total of RM5.3 billion and is currently working on two more projects valued at RM1.2 billion. Right now, the company also holds about 258 acres of land for future developments, with an estimated total value of RM20.1 billion
Skyworld currently carries four ‘buy’ recommendations, including from BIMB Securities, and no ‘hold’ or ‘sell’ calls, with a consensus 12-month target price of 66 sen.
