Latest news with #SignatureInternationalBhd
The Sun
5 days ago
- Business
- The Sun
Signature Alliance expects double-digit net profit growth in FY25
KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd expects double-digit net profit growth in financial year 2025 (FY25), driven by projects in the pipeline and market visibility following its debut on the ACE Market. Executive director/group CEO Darren Chang said the company is confident of securing 15% to 20% of its RM1.1 billion tender book by the end of 2025, supported by an unbilled order book of RM388 million. 'Because with the book order that we already have and with the first Q1 (results), I can say that compared to last year, this year should be a double-digit growth,' he told the media after the company's listing today. The tenders primarily comprise commercial and industrial property projects as at April 16. Chang said Signature Alliance currently holds only about 8% market share in Malaysia's interior fit-out sector which means room for expansion. 'We are not only focused in one sector like corporate offices or hotels. We are in all sectors. All sectors have the opportunity for us to work.' As at April 16, Signature Alliance had 69 ongoing projects with a total contract value of RM902.4 million, of which RM388.6 million unbilled. For the first quarter ended March 31, 2025 (Q1'25), Signature Alliance reported a net profit of RM15.8 million on the back of revenue of RM147.2 million. The performance was driven by interior fitting-out works for two major projects – a commercial office property in Bandar Baru Sri Petaling and a commercial hotel property in Tun Razak Exchange, accounting for 38.9% and 11.9% of the revenue respectively. For FY24, Signature Alliance's net profit surged 290.4% to RM40.6 million, from RM10.4 million in FY23. This was attributed to higher gross profit and net gain on impairment of financial assets and contract assets. Revenue for FY24 rose 122.6% to RM386.0 million, from RM173.4 million in FY23. Chang attributed the profit leap in recent years to support from parent company Signature International Bhd, which gave Signature Alliance better financial standing and bargaining power. 'Right after we joined Signature International Bhd, they gave us strong financial backing. With that support, we had better negotiating power with our vendors – allowing us to secure discounts by offering better payment terms, prompt payments, and so on.' 'Following this IPO, we'll continue applying the same strategy, and with our improved brand visibility, we expect more vendors to approach us. This gives us more options and more competitive pricing for our projects.' Signature Alliance made a firm debut on the ACE Market of Bursa Malaysia, opening at 68 sen, 6 sen or 9.7% above its initial public offering (IPO) price of 62 sen. The stock closed at 70 sen, an 8 sen or 12.9% premium over the IPO price, with 90.9 million shares traded. Signature Alliance's listing comes on the back of a fully subscribed IPO, with its public portion oversubscribed by 1.12 times. The offering raised RM161.2 million through the issuance of 260 million new shares at 62 sen apiece, giving the company a market capitalisation of RM620 million at listing. Of the proceeds, RM88 million (54.6%) will be used to establish a new corporate headquarters and centralised production facility in Selangor, RM30.1 million (18.7%) toward working capital, RM20 million (12.4%) to repay bank borrowings, RM12 million (7.4%) to set up branch offices in Penang and Johor, RM4 million (2.5%) for new machinery, and RM7.1 million (4.4%) to cover listing expenses. M&A Securities Sdn Bhd is the adviser, sponsor, managing underwriter, joint underwriter and joint placement agent while Affin Hwang Investment Bank Bhd is the joint underwriter and joint placement agent for Signature Alliance's IPO.
New Straits Times
5 days ago
- Business
- New Straits Times
Signature Malaysia launches largest home and living showcase
KUALA LUMPUR: Signature International Bhd, via Signature Malaysia, has kicked off its most ambitious campaign yet with the launch of a nationwide event, aiming to set the Malaysia Book of Records for the biggest home and living showcase. The seven-weekend Signature HomeFest 2025 was unveiled at the company's flagship store in Kota Damansara. The campaign will run from June 4 to July 20 across all 50 Signature showrooms nationwide. The event will feature over 100 home and living brands, exclusive promotions, live events and pop-up exhibitions in key locations such as Johor, the Klang Valley and Ipoh. As part of the launch, Signature Malaysia introduced actress Amelia Henderson as its new brand ambassador and Datuk Chef Wan as celebrity chef. Both figures will lead engagements throughout the campaign. The brand also presented its new design concept, Soft Minima, described as a refined approach to minimalism that blends warm textures and intentional design for modern homeowners. "It's about living more intentionally," said KS Lau, group chief executive officer of Signature International. "HomeFest is not just a campaign - it's an expression of our design philosophy and customer-first approach," he added. Founded in 1994, Signature Group is Malaysia's largest kitchen cabinet manufacturer and home living solutions provider. Publicly listed since 2008 under Signature International Bhd, the company has 50 showrooms across Malaysia and operations in 15 countries. Its flagship brand encompasses kitchens, wardrobes, and home furniture under one cohesive lifestyle offering.
The Sun
28-05-2025
- Business
- The Sun
Signature International delivers strong Q1 FY25 performance, interior fit-out, modular solutions fuel expansion
KUALA LUMPUR: Signature International Bhd posted strong financial performance for its first quarter (Q1) ended March 31, 2025 (FY25), with revenue rising by 64.5% to RM247.5 million compared to RM150.5 million in Q1 FY24. The group's profit before taxation (PBT) more than doubled to RM32.8 million from RM13.3 million a year ago, driven by improved margins and contributions from equity-accounted associates. The substantial revenue increase was primarily driven by the continued robust growth of the group's interior fit-out segment, which contributed RM147.2 million, marking a notable increase from RM46.3 million in the same period last year. This impressive growth was fueled by accelerated project execution and strong market demand, particularly within high-value residential and commercial developments. The kitchen and wardrobe systems segments continued to deliver solid results. The Corten brand recorded revenue of RM52.0 million, while the Signature brand contributed RM48.3 million. Both segments benefited from strong project sales and a strategic focus on premium and niche markets, further boosting profitability. Signature International group CEO KS Lau said the strong quarterly performance demonstrates the resilience and effectiveness of the company's diversified business model, strategic market positioning, and operational capabilities. 'The notable growth, especially in our interior fit-out division, showcases our consistent ability to deliver high-margin projects and leverage Malaysia's active property market. 'With our robust order book standing at RM1.23 billion, we remain optimistic about our continued growth prospects. 'Demand remains strong across our core business segments, positioning us well to maintain our growth trajectory. 'Our strategic priority continues to be enhancing profitability, operational efficiency, and reinforcing our market leadership,' he said. As of March 31, 2025, Signature International's order book remained strong, with RM244 million under the Signature brand, RM663 million under the Corten brand, and RM322 million in interior fit-out projects. The group anticipates sustained positive revenue and profit performance, driven by steady project inflows and consistent market demand. In line with its commitment to sustainability, Signature International continues to integrate environmental stewardship, employee well-being, and governance excellence into its operations, aligning closely with Malaysia's broader ESG objectives. 'As we progress through 2025, Signature International remains strategically positioned to capitalise on emerging growth opportunities, driven by our strong market reputation and comprehensive solutions. 'We are committed to delivering sustained value for our shareholders and stakeholders alike,' Lau said. Signature International is a subsidiary of Chin Hin Group Bhd, a Malaysian conglomerate listed on Bursa Malaysia, primarily engaged in building materials, construction, property development, and home and living solutions. Chin Hin's portfolio also includes other prominent companies such as Ajiya Bhd, Chin Hin Group Property Bhd, and Fiamma Holdings Bhd. Lau said Signature International's strategic priority continues to be enhancing profitability, operational efficiency, and reinforcing market leadership.
The Star
23-05-2025
- Business
- The Star
Signature Alliance's IPO shares for public oversubscribed by 1.12 times
KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd's (SAG) initial public offering (IPO) of 50 million shares for the Malaysian public has been oversubscribed by 1.12 times. SAG said it received a total of 1,233 applications seeking 56.07 million new shares valued at RM34.76 million. "The bumiputera public portion was subscribed 1.12 times, with a total of 327 applications received for 28 million new shares. "For the non-bumiputera public portion, a total of 906 applications for 28.1 million new shares were received, representing a subscription rate of 1.12 times,' it said in a statement. Meanwhile, it said 30 million new shares made available for eligible directors, employees, and persons who have contributed to its success, and 20 million new shares for entitled shareholders of Signature International Bhd under the restricted offering have also been fully subscribed. "In addition, 160 million shares made available for application by way of private placement to bumiputera investors approved by the Ministry of Investment, Trade and Industry and selected investors have been fully placed out,' it said. SAG executive director and group chief executive officer Darren Chang said the IPO proceeds will enable the group to further accelerate its plan to establish a new corporate office and production facility in Selangor while increasing automation and strengthening its project delivery capabilities. Upon listing on the ACE Market of Bursa Malaysia on June 5, SAG would have a total market capitalisation of RM620.0 million based on an issue price of 62 sen per share and an enlarged share capital of 1.0 billion shares. - Bernama
