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Hartanah Kenyalang delivered a strong 3Q FY2026, returning to profitability on higher revenue and improved margins, mainly driven by the Sarawak Stadium Project. Its RM851 million record order book and stronger cash position provide good project visibility, while expansion into Peninsular Malaysia supports future growth. The key focus remains project execution, cost control, and converting its large order book into sustained profits.
Higher-margin Singapore projects are improving earnings visibility for UUE Holdings Bhd, prompting RHB Research to raise its target price while downgrading the stock following its 43% year-to-date (y-t-d) rally. The research house said it had reinstated a 15% premium to peers, underpinned by UUE’s superior margins and improving earnings visibility.
The premium is backed by UUE’s superior margins, a 28% compound annual growth rate (CAGR) in forecast earnings for financial year 2026 (FY26) to FY29, and improved near-term earnings visibility from Singapore billings
Back to profit means the company is moving in the right direction, but I think the next few quarters are still important to confirm whether this is a sustainable recovery
Fundamentally got some signs of improvement, but not yet enough for me to go all-in lor. Revenue increased from RM7.98m to RM11.20m, which is encouraging, but profit didn't follow the same direction. Need to see whether margins recover in the next quarters
