PETALING JAYA: KSL Holdings Bhd
’s share price has more than doubled in the past month, but the Johor-based developer still trades at a “steep” discount to peers, backed by a large land bank, “sector-leading” profit margins and steady recurring income, according to Affin Hwang Investment Bank (Affin Hwang IB) Research.
In its latest note, the research house said KSL trades at just 8.3 times financial year ended Dec 31, 2024 (FY24) price-to-earnings ratio (PER) and 0.82 times price-to-book (P/B), well below the sector average of 23.7 times PER and one time P/B.
