PETALING JAYA: A projected earnings growth to between RM52mil and RM83mil over financial year 2026 (FY26) to FY28 is set to underpin a potential turnaround story for Land & General Bhd
(L&G), according to TA Research.
The research house said the group’s profits are expected to expand from RM29.5mil in FY25, supported by a combination of unbilled sales, new project launches and improving operational momentum.
“The projections above are supported by existing unbilled sales of RM637mil and new sales contributions,” TA Research said.
L&G’s earnings visibility is anchored also by its projected new sales of RM450mil, RM513mil and RM1.1bil for FY26, FY27 and FY28, respectively.
This growth is expected to be driven by ongoing developments, as well as the rollout of new projects. A key medium-term catalyst is the group’s 2,500-acre landbank in Kerling, Hulu Selangor, which is currently undergoing rezoning from agricultural to industrial use.
It noted that the first phase, covering 240 acres with an estimated gross development value of RM1.5bil, could be launched by year-end once approvals and infrastructure works are completed.
