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OCR Group Berhad: Steady Growth and Promising Prospects
Executive Summary
• Solid Q3 Results: OCR recorded RM9.94 million in revenue and RM628,000 profit before tax, driven by ongoing property development projects.
• Affordable Housing Focus: The launch of Residensi Akasia under Rumah Selangorku, with a GDV of RM287.1 million, signals a strategic pivot to high-demand affordable housing.
• Future Growth: With strong fundamentals and alignment with national housing priorities, OCR is positioned for long-term success.
OCR Group Berhad’s Q3 2024 results reflect resilience and strategic positioning despite challenging market conditions. The Group reported revenue of RM9.94 million, largely supported by its property development segment, which includes progress on key projects such as Isola at KLCC, The Mate in Damansara Jaya, and Stellar Damansara.
Profit before tax stood at RM628,000, a steady improvement compared to previous quarters.
A significant highlight this quarter is the launch of Residensi Akasia, a project under the Rumah Selangorku scheme with a GDV of RM287.1 million.
This move addresses the rising demand for affordable housing, aligning with government initiatives to boost residential property development. Residensi Akasia represents OCR’s forward-looking approach to catering to market demand while supporting national economic goals.
OCR has reduced finance costs and managed administrative expenses effectively, ensuring stable cash flow and a solid financial position. Malaysia’s stable economy, combined with OCR’s focus on delivering quality projects, provides a strong foundation for future growth.
The Group’s strategic alignment with national housing policies underpins its long-term potential.
OCR is well-prepared for its next growth phase, with clear strategies and strong fundamentals. Investors seeking exposure to Malaysia’s property market, particularly in the affordable housing segment, may find OCR’s prospects promising. The Group’s focus on sustainability and value creation sets it apart as a player to watch in the industry.
