BACKED by RM2.2 bill in unbilled sales from its on-going property development projects, the Property Development segment remains key earnings contributor for Main Market-listed property developer Chin Hin Group Property Bhd (CHGP) heading into the remainder of FY2026,
With the segment continuing to provide continued revenue visibility, the group has maintained its dividend track record with a first interim dividend of 1.0 sen/share paid on July 15 and a second interim dividend of 1.0 sen/share declared for FY2026.
CHGP’s revenue for its 2Q FY2026 edged up 26.6% year-on-year (yoy) to RM264.24 mil (2Q FY2025: RM208.78 mil) while its pre-tax profit firmed 22.5% yoy to RM20.72 mil driven by higher contributions from on-going property developments as construction activities progressed during the quarter.
For the six months period, the group’s revenue climbed 21.1% yoy to RM505.9 mil (1H FY2025: RM417.812 mil) while pre-tax profit inched up 7.8% yoy to RM44.59 mil (1H FY2025: RM41.36 mil).
The Property Development segment remained the group’s core earnings driver with revenue of RM487.2 mil, up 31.2% yoy while segment pre-tax profit chalked up 22.8% yoy to RM53.1 mil from RM43.3 mil previously.
Project pipeline expansion
The stronger performance reflected higher progressive revenue recognition as construction works advanced across the Group’s development portfolio.
“As we enter 2H FY2026, the group remains focused on converting its development pipeline into sustainable earnings while maintaining financial discipline,” commented CGGP’s group CEO Chang Tze Yoong.
“Supported by RM2.2 bil in unbilled sales and the continued momentum our Property Development segment, we’ve greater visibility over the earnings pipeline and a solid foundation from which to build our next phase of growth.”
As it is, the group remains disciplined in pursuing strategic land acquisitions and joint development opportunities that aligns with its growth priorities and create long-term value.
At the same time, it will undertake prudent cost management, disciplined project execution and timely delivery which remain central to strengthen cash flow and convert its project pipeline into realised earnings.
“While softer conditions have been observed across the Commercial Vehicle and Bodyworks segments, the group has remained resilience to maintain a positive revenue growth profile with impact of slowdown remaining contained at the overall group level,” observed Chang who is also CHGP’s executive editor.
“We’ll continue to monitor demand closely and remain ready to respond as market conditions improve. Ultimately, our focus isn’t simply on expanding the pipeline but to deliver consistent earnings, strengthen our financial position and create sustainable value for shareholders.”
Supported by RM2.2 bil in unbilled sales, a growing development pipeline and on-going project progress, the group remains confident of delivering a satisfactory performance for the remainder of 2026.
Ay 12.13pm, CHGP was down 0.5 sen or 0.5% to 99.5 sen with 1.45 million shares traded, thus valuing the company at RM1.38 bil. – Aug 28, 2026
