PETALING JAYA: Industrial park developer AME Elite Consortium Bhd is targeting a more conservative RM400mil in sales for its financial year ending March 31, 2026 (FY26).
This reflects the lingering uncertainty surrounding trade policies and tariffs that could influence the pace of foreign direct investment (FDI) decisions, said Phillip Capital Research.
AME’s Northern TechValley industrial park registered RM56mil in sales for the fourth quarter of its FY25, lifting the group’s overall sales to RM641mil.
Early demand was largely supported by local players from the consumer-related sector.
The research house said AME expects sales momentum to strengthen further once infrastructure work commences in second half of this year (2H25).
AME remains focused on growing its gross development value (GDV) pipeline, with the acquisition of the land in Ijok, Selangor.
The work on an industrial park at the site with an estimated GDV of between RM1.2bil and RM1.3bil, is a partnership with Kuala Lumpur Kepong Bhd
, and is expected to be completed in 2H25.
AME is also expected to recognise earnings from a RM210mil land sale to data centre operator Digital Hyperspace Malaysia Sdn Bhd in 1H26, pending final payment from the client by August.
The client reaffirmed its commitment to complete the transaction, having paid a RM35mil deposit and interest. AME is expected to record a gain of RM85mil from the deal.
Phillip Capital Research reiterated its “buy” rating on the stock with an unchanged sum of parts derived target price of RM2 a share.
