Post-acquisition, Phillip Capital expects minimal impact on SkyWorld’s FY25 gearing.
PETALING JAYA: Skyworld Development Bhd
’s deal to co-develop a PR1MA Corp Malaysia project in Brickfields, Kuala Lumpur is expected to replenish its land bank by RM192mil, supporting sales and earnings from financial year 2027 (FY27) onwards.
The acquisition will replenish SkyWorld’s remaining land bank by 6% to RM3.7bil, said Phillip Capital Research.
