Latest news with #ParagonGlobeBhd
Focus Malaysia
7 days ago
- Business
- Focus Malaysia
PGB clinches top shareholder returns award at The Edge Centurion Club's corporate Awards 2025
MAIN Market-listed property developer Paragon Globe Bhd (PGB) (formerly Goh Ban Huat Bhd) has been honoured with the 'Highest Returns to Shareholders Over Three Years' award at The Edge Malaysia Centurion Club Corporate Awards 2025. The annual prestigious award celebrates Malaysia's best-performing small and mid-cap companies. The accolade for 'Highest Returns to Shareholders' is a purely merit-based recognition which is presented to the listed company that has delivered the highest risk-adjusted total returns to its investors based on independently audited data. PGB's win is a direct result of the group's disciplined financial management and a strategic focus on optimising its landbank in high-growth corridors. This achievement was driven by the successful execution of its diversified portfolio, particularly the high-potential and sustainable industrial and commercial projects like Desa 27@Desa Cemerlang and PGB Hostel@ Pekan Nenas that have captured strong market demand. 'This award is a testament to our team's commitment to value creation and disciplined execution of our strategies,' commented PGB's executive chairman Datuk Seri Edwin Tan Pei Seng. 'We've worked hard to position PGB as a trusted developer with strong fundamentals by focusing on high-potential and sustainable developments. The results are reflected in our shareholder returns and our market reputation.' Tan further expects the group's on-going and upcoming developments io continue to underpin growth in the years ahead. They include the Desa 27 and Desa 100 industrial parks; Pekan Sentral Phase 3; detached factories D2 in Pekan Nenas; the PGB Hostel; Selgate Specialist Hospital Sepang as well as upcoming flagship residential projects Calia Residences, The Iconic and Kensington Parkview township in Iskandar Puteri, Johor. 'Moving forward, we remain focused on sustainable growth, supported by the industrial property sector's robust demand in Johor, especially with the Johor-Singapore Special Economic Zone a (JS-SEZ) and RTS Link enhancing regional connectivity,' envisages Tan. 'At the same time, our commitment to ESG (environment, social and governance) principles, including the pursuit of GreenRE certifications across our projects, positions PGB strongly for long-term value creation.' All in all, the latest rcognition underscores PGB's resilience, adaptability and strong governance, thus re-affirming its place as one of Malaysia's top-performing small and mid-cap companies. At the close of today's (Aug 12), market trading, PGB was unchanged at 60.5 sen with 10,400 shares traded, thus valuing the company at RM452 mil. – Aug 12, 2025
The Sun
15-07-2025
- Business
- The Sun
Paragon Globe eyes strong growth from industrial, residential segments
PETALING JAYA: Johor-based property developer Paragon Globe Bhd is positioning itself for sustained growth in the industrial and residential sectors, supported by strategic projects and the state's buoyant economic prospects, following a record-breaking financial performance in its recently concluded financial year. For the financial year ended March 31, 2025, Paragon Globe achieved a net profit of RM105.6 million, reversing the previous year's net loss of RM1.2 million. Revenue surged to RM306.3 million from RM51 million the year before, primarily driven by strategic land disposals and robust industrial property sales. Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng said the strong performance was largely attributable to a RM337.3 million disposal of 67.6 acres of industrial land at Desa Cemerlang to Bridge Data Centres. 'Apart from strategic land sales, we experienced high demand for industrial developments at Pekan Nenas, significantly contributing to our earnings,' he added. 'Looking ahead, our growth will be underpinned by residential launches such as Calia Residences and The Iconic at Stulang Laut, along with continued industrial projects.' Paragon Globe recently opened its flagship RM10 million PGB Experience Gallery in Johor Bahru, aimed at enhancing customer engagement and centralising sales activities across its diverse project portfolio. Tan highlighted the strategic advantage of Paragon Globe's industrial projects – Desa 27 and Desa 100 – which are ideally located to leverage the Johor-Singapore Special Economic Zone (JS-SEZ). These projects have attracted prominent multinational tenants, including Hunter Amenities International and Meiban Technologies. Despite global economic uncertainties, Tan expressed optimism about Johor's property sector, buoyed by initiatives such as the JS-SEZ and the Johor-Singapore Rapid Transit System Link. 'PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' Tan said. On shareholder returns, he said the company was actively reviewing its capital allocation strategy, including the possible introduction of a structured dividend policy, balancing prudent reinvestments with shareholder rewards. 'Despite global economic uncertainties, we remain optimistic about Johor's property market outlook, driven by sustained regional growth initiatives. PGB remains committed to resilience, diversification, and sustainability, positioning ourselves to adapt swiftly and effectively to market changes,' concluded Tan.
The Sun
29-05-2025
- Business
- The Sun
Paragon Globe Q4 profit soars to RM71.1m on strong land sales, property uptake
JOHOR BAHRU: Paragon Globe Bhd, a main market-listed property developer on Bursa Malaysia, achieved a substantial increase in revenue to RM151.5 million for the fourth quarter (Q4) ended March 31, 2025 (FY25), compared to RM7.9 million in the same quarter last year. Robust property development activities, significant land disposals, and effective operational management primarily drove the group's impressive performance. Profit before tax surged to RM71.1 million from RM2.0 million, with net profit attributable to the owners of the parent rising to RM53.4 million, a significant increase from RM1.3 million in Q4 FY24. The group's annual financial performance similarly showed exceptional growth. Revenue for FY25 rose significantly to RM306.3 million, an increase of more than 500% compared to RM51.0 million recorded in FY24. Profit before tax for the year increased significantly to RM140.2 million from RM0.8 million in the previous year. Net profit attributable to the owners of the parent reached RM105.6 million, making a remarkable turnaround from the net loss of RM1.2 million in FY24. Commenting on the results, Paragon Globe executive chairman Datuk Sri Edwin Tan Pei Seng said this year's outstanding financial performance underscores the strength of the company's strategic initiatives, prudent land bank optimisation, and diligent execution by the management team. 'The significant increase in our revenue and profitability highlights our successful execution of high-value land sales in Desa Cemerlang and strong market reception for our property developments in Pekan Nenas, Johor,' he said in a statement. The property development segment remained the group's primary revenue contributor, delivering RM151.5 million in Q4 FY25 and RM306.2 million for the full financial year. This impressive growth was primarily driven by strategic land sales and encouraging take-up of detached factories and shop offices. Paragon Globe also made significant progress on its sustainability agenda, signing a memorandum of collaboration with GreenRE Sdn Bhd in April 2025. This strategic collaboration will enable the group to adopt GreenRE's recognised certification standards, reinforcing its commitment to sustainable and responsible development in alignment with national ESG goals. 'We remain optimistic about the prospects ahead, particularly given Johor's accelerating development initiatives such as the Johor-Singapore Rapid Transit System and the Johor-Singapore Special Economic Zone. 'These initiatives are anticipated to stimulate economic activity and the property market, presenting substantial opportunities for our upcoming residential and industrial projects,' Tan said. Paragon Globe is firmly focused on sustaining its growth momentum by leveraging strategic opportunities, upholding disciplined financial management, prioritising sustainability, and delivering high-impact developments. With a solid project pipeline and continued market interest, the group is well-positioned to generate strong financial performance and long-term value for its shareholders and stakeholders.
The Star
07-05-2025
- Business
- The Star
Businesses urged to seize JS-SEZ opportunities
BUSINESSES in Johor should make full use of the opportunities presented by the Johor-Singapore Special Economic Zone (JS-SEZ) to boost their growth, says executive councillor Mohd Hairi Mad Shah. The state youth, sports, entrepreneur development and cooperatives committee chairman said JS-SEZ offered a golden opportunity for Johor and businesses here to achieve greater heights. 'This zone is designed as a platform that offers major opportunities to expand networks, increase investments, and leverage attractive incentives that will be provided by the government,' he said during the sales gallery opening of Paragon Globe Bhd (PGB) in Johor Baru. Present were PGB executive chairman Edwin Tan and Johor Baru mayor Datuk Mohd Haffiz Ahmad. Meanwhile, on the event, Mohd Hairi said the opening of the gallery was a significant milestone for the company as well as the state. Located along Jalan Seladang in Taman Century, the two-storey building was completed within six months with an RM10mil investment.
