Sime Darby Property (SDPROP) announced a 25% increase in its fourth-quarter net profit, significantly exceeding analyst expectations. This positive news propelled its shares up by 3% today, closing at RM0.78, as investors reacted favorably to the strong financial results and optimistic outlook for the property sector.
Sime Darby Property Bhd (SDPROP) today reported robust fourth-quarter results, with net profit surging 25% year-on-year to RM125 million, significantly exceeding market expectations. The company attributed the strong performance to successful new project launches and robust sales from existing developments. Driven by this positive news, Sime Darby Property's shares climbed 3% today, closing at RM0.78. Analysts expressed optimism about the company's future prospects, anticipating strong new sales momentum in 2026, particularly in the affordable housing and industrial property segments. This performance has also injected positive sentiment into the broader property sector, indicating market confidence in the industry's recovery.
Share: