Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
From a valuation standpoint, SkyWorld’s entry into Vietnam introduces a compelling new narrative. The company’s shares currently trade at RM0.495. BIMB Securities has assigned a target price of RM0.780, implying an upside potential of approximately 57.6% from current levels. The market often re-rates developers that successfully establish an overseas earnings base because it signals scalability, resilience and a broader addressable market.
TA Securities remains positive on SkyWorld’s near-term outlook. The 2QFY26 results show the group’s recovery is on track, supported by rising unbilled sales, a strong launch pipeline, and faster progress billings, which should boost earnings in 2HFY26. Medium-term drivers like the PPVC facility and Vietnam projects support growth and margins. They maintain a Buy call with a target price of RM0.70/share.
Demand for their new launches is looking very strong. For example, SkyAwani PRIMA in Brickfields, which was just launched in October, has been getting a lot of interest. And SkyAwani 6 in Setapak started its signing process this month and is already about 70% booked
The stock is still trading above its 200-day EMA, so the trend looks healthy. It’s now testing the 20 and 50-day EMAs. If it holds up, we could see it move toward 55.5 cents next, and maybe even 59.0 cents if the momentum carries through
Looking ahead, SkyWorld’s entry into Penang with SkyAwani Pearlmont Residences marks a strategic expansion, tapping into the state’s strong urban housing demand with a well-priced product that supports disciplined growth and broadens the Group’s regional diversification.
