Latest news with #KTILandmarkBerhad
Daily Express
5 days ago
- Business
- Daily Express
KTI records RM175 million revenue last year
Published on: Friday, May 30, 2025 Published on: Fri, May 30, 2025 By: Larry Ralon Text Size: (From left) Wilson Loke (Group Executive Director), Stella Loke (Group Executive Director), Datuk Tan Kok Liang (Indipendent Non-Executive Director), Dato' Hj Hamzah bin Haji Ghazalli (Independent Non-Executive Chairman), Datuk Dr Gordon Loke (Group Managing Director/CEO), Chua Chai Hua (Independent Non-Executive Director), Lim Guik Moi (Independent Non-Executive Director), Harjeet Singh (Chief Financial Officer), and Azlan Khalid (Chief Operating Officer). Kota Kinabalu: Sabah-based property developer KTI Landmark Berhad (KTI:0308) registered a profit after tax of RM8.5 million for the financial year ended 31 December 2024 (FY2024), as it marked a key milestone with its first 2025 Annual General Meeting (AGM) since listing on the ACE Market of Bursa Malaysia in June last year. The KTI Landmark Berhad reported RM175.4 million in revenue for FY2024, supported by total sales of RM267.8 million and unbilled sales amounting to RM294.4 million. Despite incurring RM1.96 million in listing-related expenses, the company delivered a stable bottom line, highlighting the resilience of its core operations and the strength of its development pipeline. As of year-end, KTI's outstanding order book stood at RM214 million, with a total gross development value (GDV) of RM2.73 billion, including hospitality and retail assets. Addressing shareholders during 2025 AGM at Hilton Kota Kinabalu here, Thursday, KTI Group Chairman Dato' Haji Hamzah Ghazalli reflected on the company's evolution from a local construction firm founded in 1984 to one of Sabah's most recognised developers. 'Our IPO was not just about raising capital. It represented a new chapter of governance, visibility and investor confidence,' he said. He highlighted recent key developments such as Ayuria Place, a residential project built using environmentally friendly Industrialised Building Systems (IBS) and The Logg in Luyang, a mixed-urban development that combines residential, retail, and commercial offerings. Advertisement KTI Landmark Berhad's operations in FY2024 saw the launch and progress of several residential and commercial projects, particularly in growth corridors like Kota Kinabalu and Sandakan. These efforts reflect the company's strategic focus on sustainable, integrated and affordable housing solutions for Sabahans. With urbanisation and demographic trends driving demand, KTI continues to work with government-linked entities such as Lembaga Pembangunan Perumahan Dan Bandar (LPPB) and national affordable housing programmes like Perumahan Penjawat Awam Malaysia (PPAM) to meet the state's housing needs. The company's annual report also noted a strong rebound in Malaysia's construction sector in 2024, led by public infrastructure and housing initiatives. With national data showing double-digit growth in the sector, KTI is positioning itself to benefit from these tailwinds by embedding sustainability and digital innovation in its operations. This includes the use of green construction methods, smart home features, and digital sales platforms aimed at younger, tech-savvy buyers. KTI Landmark Berhad's shares closed at RM0.410 on Tuesday, giving the company a market capitalisation of approximately RM328 million. Since listing, the company has seen steady investor interest, underpinned by confidence in its long-term strategic direction and alignment with government housing policies. Looking ahead, KTI plans to continue expanding its landbank in urbanising areas across Sabah, diversify its partnerships to enhance margins, and reinforce its ESG (Environmental, Social and Governance) leadership. These steps are part of its broader strategy to deliver value for stakeholders while shaping the property landscape of Sabah. 'To our employees, shareholders and partners, thank you for your trust. We remain committed to creating a sustainable, prosperous future for Sabah and beyond,' said Hamzah. Founded in 1984, KTI Landmark Berhad is a Sabah-based property developer specialising in integrated and affordable housing. The Group was listed on the ACE Market of Bursa Malaysia in June 2024. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
5 days ago
- Business
- Yahoo
KTI Landmark Berhad Reports First Quarter 2025 Earnings
Net income: RM1.88m (up by RM1.88m from 1Q 2024). EPS: RM0.002. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period KTI Landmark Berhad shares are up 5.1% from a week ago. It is worth noting though that we have found 5 warning signs for KTI Landmark Berhad (3 don't sit too well with us!) that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Borneo Post
7 days ago
- Business
- Borneo Post
Sabah developer KTI commits to affordable homes below RM300,000
From left: Wilson Loke (Group Executive Director), Stella Loke (Group Executive Director), Datuk Tan Kok Liang (Indipendent Non-Executive Director), Dato' Hj Hamzah bin Haji Ghazalli (Independent Non-Executive Chairman), Datuk Dr Gordon Loke (Group Managing Director/CEO), Chua Chai Hua (Independent Non-Executive Director), Lim Guik Moi (Independent Non-Executive Director), Harjeet Singh (Chief Financial Officer) and Azlan Khalid (Chief Operating Officer). KOTA KINABALU (May 29): Sabah-based property developer KTI Landmark Berhad has committed to keeping its affordable housing units below RM300,000, well under the federal ceiling price of RM380,000 for affordable housing. 'We don't go up to the RM380,000 mark. Even if we could, we prefer to offer homes in the RM250,000–RM300,000 range. That's part of our corporate social responsibility,' said KTI Group Managing Director and Chief Executive Officer Datuk Dr Gordon Loke after the company convened its first Annual General Meeting (AGM) since its listing on the ACE Market of Bursa Malaysia in June last year. KTI is an active contributor to the Perumahan Penjawat Awam Malaysia (PPAM) programme, a initiative offering subsidised homes for civil servants. Loke said KTI has delivered around 5,000 units under PPAM over the past five to six years. 'PPAM is more than a business opportunity; it is about meeting a national need. We want to ensure that all government staff, federal or state, have access to quality, affordable housing,' he said, adding that KTI works closely with Lembaga Pembangunan Perumahan dan Bandar (LPPB) on other state-linked affordable housing efforts. KTI recorded a profit after tax of RM8.5 million for the financial year ended 31 December 2024 (FY2024). The meeting, held here today, marked a significant milestone for the homegrown company, which began as a small construction outfit in 1984 and is now one of Sabah's most active property players. In his address, Loke said the company's performance post-listing reflects its firm footing in the industry. 'This is our first AGM since our IPO in June last year. Our share price has risen from RM0.30 at listing to RM0.40 as of yesterday, reflecting more than 30 per cent appreciation. This shows investor confidence in our long-term strategy and our strong focus on affordable housing,' he said. KTI Landmark posted RM175.4 million in revenue in FY2024, supported by total sales of RM267.8 million and unbilled sales of RM294.4 million. Despite RM1.96 million in listing-related expenses, the company reported a resilient bottom line and a healthy pipeline of projects with an outstanding order book of RM214 million and total gross development value (GDV) of RM2.73 billion, including hospitality and retail developments. Speaking to reporters later, Loke shared that KTI had launched seven projects simultaneously this year, with another three in the pipeline before the end of 2025. He added that five new projects identified would ensure continuity for the next five to seven years. 'We are already 41 years in the market. This longevity gives confidence to buyers and stakeholders. And we continue to receive enquiries from government agencies for staff housing solutions,' he said. He also expressed confidence that the ongoing US-China tariff war would not significantly affect the local construction sector. 'Most of our raw materials are sourced within ASEAN, so the impact on us is minimal. Prices have remained stable, and while we continue to monitor the situation, we don't foresee major disruptions,' he said. Meanwhile, KTI Group Chairman Datuk Hamzah Ghazalli said the company's listing last year was not merely a financial milestone but a signal of enhanced corporate governance, transparency and accountability. 'We have moved from being a local contractor to a fully-fledged developer with a national presence. Projects like Ayuria Place and The Logg reflect our capacity to deliver on both sustainability and lifestyle,' he said. KTI has integrated green building practices and digital tools into its operations, including industrialised building systems (IBS) and online property platforms catering to tech-savvy buyers. With Sabah's urbanisation continuing to rise and federal construction data pointing to a sector-wide rebound in 2024, KTI sees opportunities for further growth, particularly through strategic landbank expansion, public-private collaborations and enhanced ESG (Environmental, Social and Governance) commitments. The AGM ended on a note of gratitude. 'To our shareholders, staff and partners, thank you for standing with us. KTI's journey is only beginning. We remain dedicated to building not just homes, but a better Sabah,' said Hamzah.
Daily Express
7 days ago
- Business
- Daily Express
KTI Landmark posts RM8.5 mil profit in FY2024, holds first AGM since IPO
Published on: Thursday, May 29, 2025 Published on: Thu, May 29, 2025 By: Larry Ralon Text Size: Hamzah (middle) talking to the media after the AGM. KOTA KINABALU: Sabah-based property developer KTI Landmark Berhad (KTI:0308) reported a profit after tax of RM8.5 million for the financial year ended 31 December 2024, alongside RM175.4 million in revenue, marking a key milestone with its first AGM since listing on the ACE Market in June 2024. The Group recorded RM267.8 million in total sales and RM294.4 million in unbilled sales, maintaining a solid performance despite RM1.96 million in listing-related expenses. As of year-end, its outstanding order book stood at RM214 million with a total GDV of RM2.73 billion. Chairman Dato' Haji Hamzah Ghazalli highlighted KTI's transformation since its 1984 founding, recent eco-friendly projects like Ayuria Place and The Logg in Luyang, and strategic partnerships with LPPB and PPAM to meet housing demand in Sabah. KTI is leveraging Malaysia's construction sector rebound, driven by public infrastructure and housing, by integrating sustainability, green building methods, and digital innovation into its developments. With shares closing at RM0.410 and a market cap of RM328 million, KTI aims to expand its landbank, diversify partnerships, and strengthen its ESG leadership as part of its long-term strategy to shape Sabah's property landscape. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
08-05-2025
- Business
- Daily Express
Leading CEOs, founders to headline CEO Masterclass 2025
Published on: Thursday, May 08, 2025 Published on: Thu, May 08, 2025 Text Size: KOTA KINABALU: Business owners, visionary entrepreneurs, and corporate leaders from across Malaysia are set to converge at one of Sabah's most anticipated leadership events: CEO Masterclass (CEOM) 2025, happening on the 9th and 10th of July 2025 at the Sabah International Convention Centre (SICC). Co-organised by The Sabah Young Business and Industry Leaders Network (Sybil) and the Malaysia International Chamber of Commerce and Industry (MICCI) Sabah Chapter, CEOM 2025 returns after two successful editions from 2023 and 2024 with the theme 'Scaling Beyond Limits'. This two-day event promises an immersive experience with strategic keynotes, interactive fireside chats, and VIP networking sessions — all delivered by some of the most respected minds in business, branding, and investment, offering curated opportunities to connect with investors, mentors, and business collaborators. Featured Speakers include: Datuk Dr Gordon Loke Theen Fatt – Managing Director and CEO, KTI Landmark Berhad – Managing Director and CEO, KTI Landmark Berhad Asgari Stephens – Director/Founding Member of Intelligent Capital Sdn Bhd – Director/Founding Member of Intelligent Capital Sdn Bhd Kenji Yeo – Founder and CEO, Amazing Borneo – Founder and CEO, Amazing Borneo Datuk Ar James Wong Kein Peng – Group General Manager, Sedco – Group General Manager, Sedco Geraldyn Low – Founder, Ventamin Sdn. Bhd. – Founder, Ventamin Sdn. Bhd. Liaw Hen Kong – Managing Director, Life Water Berhad – Managing Director, Life Water Berhad Kang Ket Hung – Managing Director, Colform Group Berhad – Managing Director, Colform Group Berhad Ray Chou – Founder of Owner Circle Session Highlights: Session 1: Overcoming the Death Valley – Insights from a startup founder and venture capitalist on surviving the critical early-stage challenges. – Insights from a startup founder and venture capitalist on surviving the critical early-stage challenges. Session 2: Breaking the Barrier – A newly listed company in Sabah shares how they overcame growth barriers to reach new heights. – A newly listed company in Sabah shares how they overcame growth barriers to reach new heights. Session 3: Human Library – A rotating interactive format where entrepreneurs will engage with experienced business leaders in small, focused discussions, rotating every 30 minutes for diverse perspectives and advice. Who Should Attend CEO Masterclass 2025? Business Owners (Directors, Principal, Partners, Associates), CEOs and Equivalents, Entrepreneurs and Startups (Founders and Co-founders), Management Level Employees, Executive Employees being groomed for leadership roles, Government Servants in Leadership Positions, representatives from GLCs (Government-Linked Companies) and any leadership-driven individuals wanting to grow and learn. Why Attend CEO Masterclass 2025? 'CEO Masterclass 2025 is designed for leaders who are ready to break past their current ceiling,' said Precilla Fong, Organising Chairman of the event. 'Whether you're an early-stage founder or leading a growth-stage enterprise, this is where you'll sharpen your strategy, mindset, and connections to lead with greater clarity and impact.' Those interested can find out more and register at or contact Sybil Secretariat (Sharmane) at 012-8802554 or send an email to [email protected] to sign-up or for any inquiries for this upcoming event. The Daily Express is the official media partner for the event. * Follow us on Instagram and join our Telegram and/or WhatsApp channel(s) for the latest news you don't want to miss. * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
