Higher project margins likely for SkyWorld

The JV entity will incur capital expenditure to set up the manufacturing facility.

PETALING JAYA: Phillip Capital Research says the strong partnership between Skyworld Development Bhd and Singapore-based Teambuild Holding (S) Pte Ltd and the use of new technology will likely drive higher project margins for SkyWorld.

SkyWorld had announced its entry into the prefabricated manufacturing sector through a collaboration with Teambuild to establish a joint-venture (JV) subsidiary Prefab Master Sdn Bhd.