PETALING JAYA: Property specialist AME Elite Consortium Bhd should see earnings growth in financial year 2025 (FY25) and FY26, driven by bookings conversions, asset monetisation and the debut of its new industrial park in Penang and land bank in Johor, says RHB Research.
After having posted RM175mil of new sales in the nine months of FY24, RHB Research said the conversion of AME’s RM282mil worth of bookings in the pipeline could potentially produce higher margins in hand for the group.
