Skyworld Development Bhd
MMYX:SKYWLD0.34
MYR
-0.01
(-2.86%)
ISIN
MYL5315OO006
Return %
Stock
S&P 500
1Y
-37.61
14.39
3Y
-39.82
81.42
5Y
- -
68.62
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Chee Seng Lee
- Full Time Employees
- 344
- Sector
- Finance
- Industry
- Real estate development
- Address
- Kuala Lumpur Malaysia
- IPO Date
- Jul 10, 2023
- Website
- skyworldgroup.com.my
- Similar Companies
- Business
- SkyWorld Development Berhad is an investment holding and property development company headquartered in Kuala Lumpur, Malaysia. Founded in 2006, the company operates primarily across the Malaysian real estate and construction sectors, specializing in urban high-rise residential developments, integrated commercial projects, and affordable housing schemes within the Klang Valley region, while expanding its presence into Southeast Asian markets. The company operates through three principal business segments: Property Development, Property Investment and Management, and Construction and Value-Added Services. SkyWorld Development Berhad offers a comprehensive portfolio of real estate products and related services, including the development and sale of high-rise residential condominiums, serviced apartments, and master-planned urban communities; affordable housing developments under the proprietary SkyAwani series; premium high-rise residences such as SkyLuxe on the Park, SkyMeridien, SkyVogue, Curvo Residences, The Vesta Residences, and integrated projects within the SkyArena, SkySierra, and SkySanctuary master developments; commercial properties comprising retail lots, shop offices, and mixed-use commercial podiums; in-house construction management, design conceptualization, and quality compliance aligned with Quality Assessment System in Construction (QLASSIC) benchmarks; property management and maintenance services; customized interior design, renovation, and home furnishing solutions under SkyHome; sub-sale, leasing, and tenancy facilitation services via SkyBuddy; and digital community and property management solutions delivered through the proprietary SkyWorld Connects mobile application. In recent operational and corporate developments, SkyWorld Development Berhad successfully completed its initial public offering and listed on the Main Market of Bursa Malaysia Securities Berhad in July 2023, raising gross proceeds of approximately 215.35 million Malaysian ringgit to fund domestic and regional growth initiatives. Following its listing, the company initiated its strategic geographic expansion into Vietnam by acquiring a project land site in Ho Chi Minh City for overseas high-rise residential development. The company has also continued to scale its urban landbank through strategic land acquisitions in key Kuala Lumpur corridors such as Setapak, Cheras, Kepong, and Brickfields, while further integrating green building standards and environmental certifications across its upcoming property pipelines.