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

SkyWorld Development posted a stronger Q2 FY2026, with revenue rising to RM86.7 million from RM74.6 million in the previous quarter, while PBT jumped to RM9.6 million and PAT doubled to RM7.9 million, mainly driven by higher progressive revenue from Vesta Residences and contributions from the new SkyAman 1 Residences launch. The new launch also lifted unbilled sales to RM589 million from RM483.1 million last quarter, showing solid demand. The Company remains financially healthy with RM320.9 million cash and low net gearing of 0.2x, and it declared a first interim dividend of 0.22 sen per share.

The stock closed at RM0.525 and is rebounding from the RM0.510 trendline, which has held well before. It’s still in an overall uptrend, trading above the 200-day EMA and now testing the 20/50-day EMAs. RSI is recovering but MACD is still weak, so some short-term consolidation is possible. If momentum improves, targets are RM0.555 and RM0.590. A break below support invalidates the bullish view.
Entry: RM0.515–0.525
Stop Loss: RM0.470
Target: RM0.555–0.590
Source: Mercury Securities Research (12 Nov 2025)