Mainstream
Damansara Realty to grow PMC business
Lim Cian Yai | 11 May 2018 00:30
While the company’s performance will continue to be driven by its steady IFM business in 2018, it will focus on growing its PMC division

Damansara Realty Bhd (DBhd) saw a fruitful year when it returned to the black in the financial year ended Dec 31, 2017 after three consecutive years of losses.

The improved earnings are mainly due to its strategic restructuring plan implemented in September 2016, involving the restructuring and integration of non-property operations as well as streamlining and accelerating its property portfolio.

While things are turning positive for the integrated facilities management (IFM), project management consultancy (PMC) and property groups, investors remain cautious judging from the share price performance which was relatively stagnant following the announcement on Feb 13. In fact, the counter has been on the decline, from 53 sen on Feb 13 to close at 47.5 sen on May 8.

An industry observer reckons investors are likely to be adopting a wait and see attitude as they would want to ensure the company performance is sustainable.

According to its group chief executive officer Brian Iskandar Zulkarim, while the company’s performance will continue to be driven by its steady IFM business in 2018, the PMC division will be its growth catalyst.


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