Sime Darby Property Bhd today announced strong fourth-quarter results, with sales exceeding targets, signaling resilience in the property market. The company's shares rose 2.5% to RM0.78, driven by robust demand for its township developments and strategic land bank management. Analysts are upgrading their outlook for the sector.
Sime Darby Property Bhd today announced encouraging fourth-quarter and full-year results, with sales exceeding market expectations. The company reported RM1.5 billion in sales for the fourth quarter of FY2025, a 15% year-on-year increase, driven by strong demand for its township developments in Selangor and Johor. Net profit also saw significant growth. Following this news, Sime Darby Property's share price rose 2.5% to close at RM0.78. Management stated that the company will continue to focus on developing high-value land parcels and sustainable projects. Analysts are generally optimistic about the company's prospects, believing its robust land bank and strategic project positioning will support future growth.
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