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SkyWorld upgraded to Buy, target price raised to 52 sen
We upgrade our recommendation to Buy (from Hold) with a higher target price of 52 sen (from 47 sen), based on a 30% discount to our revised net asset value and appraised with a three star ESG rating. — APEX Securities (June 17, 2025)
Sky world earnings momentum are set to recover in FY26, underpinned by unbilled sales of RM461 million and planned launches worth RM2 billion across the Klang Valley, including in Cheras, Setapak, and Brickfields.
SkyWorld is targeting project launches worth over RM2 billion for the current financial year and RM4.6 billion by 2026 with their landbank of 257.7 acres