Latest news with #AMEElite
The Star
24-07-2025
- Business
- The Star
AME Elite, AME-REIT get nod for Johor deals
KUALA LUMPUR: AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME-REIT) have secured approval from their shareholders and unitholders for a RM100.8mil transaction involving three industrial properties in Johor. According to the company, the three industrial properties were i-Park SAC 34, i-TechValley 35 and i-TechValley 36, located within AME Elite's industrial parks in Iskandar Malaysia. In a statement yesterday, AME Elite executive director and group chief executive officer Dylan Tan Teck Eng said the shareholders' approval reinforces the strength of its integrated model. 'Completing this transaction unlocks capital for redeployment in our industrial park development plans, where we are advancing key initiatives like the Northern TechValley in Penang and our joint venture in Selangor with KLK Land,' he said. — Bernama
New Straits Times
24-07-2025
- Business
- New Straits Times
AME Elite, AME Reit get shareholders' nod for RM100.8mil acquisition
KUALA LUMPUR: AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME Reit) have received approval from their respective shareholders and unitholders for a RM100.8 million deal involving three industrial properties in Johor. The properties, i-Park SAC 34, i-TechValley 35 and i-TechValley 36, are located in AME Elite's industrial parks in Iskandar Malaysia. They are single-storey factories with offices and support buildings, fully leased to long-term tenants. Selling the properties to AME Reit allows AME Elite to unlock capital for its growing industrial park projects while boosting its recurring income through its stake in AME Reit. AME Elite executive director and group chief executive officer Dylan Tan Teck Eng said the approval reinforces the strength of AME Elite's integrated model. "Completing this transaction unlocks capital for redeployment in our industrial park development plans, where we are advancing key initiatives like the Northern TechValley in Penang and our joint venture in Selangor with KLK Land. "Our agile approach allows us to capitalise on robust foreign and domestic direct investments, alongside strong demand for high-quality, integrated industrial space solutions, while strengthening our recurring income base via AME Reit," he said in a statement. I Reit Managers Sdn Bhd chief executive officer and executive director Chan Wai Leo said the fully-leased properties are strategically located within its sponsor's established industrial parks. He said this strengthened AME Reit's portfolio with quality, income-generating assets. "These acquisitions which are targeted to be completed within this financial year will contribute positively to AME Reit's earnings. "With an expanded portfolio, AME Reit is well-positioned to drive stable performance and deliver enhanced distributions to our unitholders," he added. AME Reit initiated its latest acquisitions in FY25, involving seven industrial properties totalling RM220.3 million. The latest approval obtained for the three properties in this RM100.8 million deal represents the second tranche of the transaction and are expected to be completed in phases from the third quarter of 2025 to the first quarter of 2026. Prior to this, three properties have already been successfully acquired by AME Reit in the first tranche this year amounting to RM119.5 million, namely i-Park SAC 23 & 24 in February, i-TechValley 46 in March and most recently, i-TechValley 34 in July. The remaining property from this first tranche, i-Park SAC 60 & 61, is targeted for completion in the fourth quarter of 2025. AME Reit's current portfolio stands at 40 investment properties with agreed lettable area of 2.2 million square feet with portfolio value of RM800.5 million.
The Star
24-07-2025
- Business
- The Star
AME Elite, AME REIT get approval for RM100.8mil industrial properties transaction
KUALA LUMPUR: AME Elite Consortium Bhd and AME Real Estate Investment Trust (AME REIT) have secured approval from their shareholders and unitholders for a RM100.8 million transaction involving three industrial properties in Johor. According to the company, the three industrial properties were i-Park SAC 34, i-TechValley 35 and i-TechValley 36, located within AME Elite's industrial parks in Iskandar Malaysia. In a statement today, AME Elite executive director and group chief executive officer Dylan Tan Teck Eng said the shareholders' approval reinforces the strength of its integrated model. "Completing this transaction unlocks capital for redeployment in our industrial park development plans, where we are advancing key initiatives like the Northern TechValley in Penang and our joint venture in Selangor with KLK Land," he said. Tan added that the approach allows the company to capitalise on robust foreign and domestic direct investments, alongside strong demand for high-quality, integrated industrial space solutions, while strengthening a recurring income base via AME REIT. AME REIT initiated its latest acquisitions in the financial year 2025, involving seven industrial properties totalling RM220.3 million. - Bernama
The Star
03-06-2025
- Business
- The Star
AME Elite's presence in investment hotspots to lift results in FY26
PETALING JAYA: Despite missing forecasts on its earnings for its financial year 2025 ended March 31 (FY25), analysts are still maintaining a 'buy' call on AME Elite Consortium Bhd. According to a report by Philip Capital Research, the engineering and construction firm still has a presence in high-demand foreign-direct-investment hotspots Penang and Johor. The research house noted would will continue to be a positive element despite a drop in AME Elite's revenue. For FY25, its revenue fell 15% year-on-year to RM609mil on the back of weaker contributions from the property sector. 'Nevertheless, its earnings before interest, taxes, depreciation, and amortisation improved 5.2 percentage points to 25.1%, attributed to better progress milestones for construction and property development projects, cushioning core net profit decline to a marginal 2% to RM89mil,' the research house said. Philip Capital Research noted that overall, the group's results came in below expectations, accounting for 54% of its full-year forecast and 52% of consensus forecasts. 'The result miss was primarily due to the timing of recognition for its RM210mil land sale to Digital Hyperspace (M) Sdn Bhd, which is expected to recognise a net gain of RM85mil, pending the final payment of the remaining 85% of the total consideration,' the research house noted. However, the data centre client remains committed to the deal and has requested an extension for the final payment deadline to June with an optional extension to August. Meanwhile, the research house also noted that AME Elite surpassed its FY25 target in terms of sales, which was supported by the launch of a industrial-park project in Penang. The company's earnings for its third quarter ended Dec 31, 2024 saw its core net profit soar 77% quarter-on-quarter to RM33mil, attributed to margin improvement from its construction and property development, as well as the recognition of industrial property sales to AME Real Estate Investment Trust (AME-REIT). In March, AME Elite announced that it was proposing to sell three industrial properties in Johor to AME-REIT for RM100.8mil in a related party transaction. The properties comprise one industrial property in i-Park @ Senai Airport City and two industrial properties in i-TechValley at Southern Industrial Logistic Clusters. 'AME Elite recorded RM640mil in new sales in FY25, surpassing its internal RM550mil sales target, including strong sales of RM55.9mil in the fourth quarter of FY25 from its newly launched RM1.3bil Northern TechValley in Penang,' the research house said. It added that it raised its earnings forecast for AME Elite in FY26 by 78% to reflect the delay in the recognition of data centre land sale and faised FY27 earnings by 2% on housekeeping adjustments. It also introduced its FY28 earnings forecasts which is a 4% increase year-on-year. Philip Capital Research said it had trimmed its sum-of-parts-derived target price to RM2 from RM2.10 to reflect a higher forecast gearing level in FY26. AME Elite declared a second interim dividend of three sen per share, down from four sen last year, bringing the total dividend for the year to six sen. The dividend will be paid on July 4.
The Sun
01-06-2025
- Business
- The Sun
AME Elite delivers higher revenue, net profit in Q4'25
PETALING JAYA: Integrated industrial space solutions provider AME Elite Consortium Bhd saw net profit for the fourth quarter ended March 31, 2025 (Q4'25) rise 40.1% to RM36.5 million, compared to RM26.1 million in the corresponding quarter last year. The improved performance was underpinned by a 36.3% increase in revenue to RM115.6 million, up from RM84.8 million a year ago. The growth was primarily driven by strong contributions across its property development, construction services and property investment and management segments, coupled with higher realised fair value gains on investment properties arising from the sale of two industrial properties to AME REIT. Furthermore, AME Elite recorded new property sales of RM155 million in Q4'25, marking a 42.9% increase from RM108.5 million previously. The robust quarterly sales propelled the full-year new property sales to a record high of RM585.2 million, surpassing the group's RM400 million initial target (subsequently revised to RM550 million due to strong momentum) by a significant margin and representing a 106.3% year-on-year surge. For the full year ended March 31 2025 (FY25), the group recorded revenue of RM608.6 million compared to RM716.9 million in the prior year. Meanwhile, net profit stood at RM92.1 million, remaining broadly in line with the RM93.1 million recorded in the previous year. The group's construction and engineering services revenues both exhibited solid revenue growth during FY25, driven primarily by progress in the stages of completion of ongoing projects. Construction services revenue increased 36.6% to RM203.5 million from RM149 million, while engineering services revenue grew 13.5% to RM91.3 million from RM80.5 million. Revenue generated from property investment and management services increased by 13%, reaching RM73.4 million from RM65 million previously, supported by additional factory units leased to tenants and higher rental income from workers' dormitories. Conversely, revenue from the property development segment fell by 43.1%, from RM422.5 million to RM240.37 million, mainly due to earlier stages of work progress and the timing of income recognition. AME Elite declared an interim single-tier dividend of 3 sen per share for FY25. The ex-dividend date is June 19, with payment scheduled on July 4. In addition to an earlier paid dividend of 3 sen per share, the total dividend payout for FY25 amounts to 6 sen per share, equivalent to RM38.3 million. This represents a 40.2% dividend payout ratio of the annual net profit attributable to shareholders, excluding unrealised fair value gains. Executive director and group CEO Dylan Tan Teck Eng said: 'FY 2025 marked a transformative period for AME Elite, strengthening our position as a national player in Malaysia's industrial space sector. We expanded our geographical footprint beyond Johor with the successful inauguration of Northern TechValley@BKE in Penang, complemented by a pivotal partnership – our joint venture with KLK Land for a premier industrial park in Selangor. 'Our robust operational and financial outcomes were directly underpinned by resilient foreign and domestic direct investment inflows and a heightened market demand for premium, integrated industrial spaces. While remaining cognisant of global economic shifts, including evolving tariff policies, our diversified presence and comprehensive solutions position us to capitalise on emerging opportunities.'
