MAIN Market-listed property developer Paragon Globe Bhd (previously Goh Ban Huat Bhd) is looking ahead to 2026 with confidence, supported by solid six-month earnings performance and a development pipeline positioned to benefit from Johor’s expanding industrial and urban markets.
The group posted a remarkable 102% year-on-year (yoy) surge in its net earnings to RM29.94 mil in its 1H FY3/2026 ended Sept 30, 2025 on the back of a revenue of RM108.11 mil which represented a hike of 28.6% year-on-year (yoy).
The improved performance was driven primarily by the recognition of land sales in Desa Cemerlang, alongside continued industrial property sales including detached factories and shop offices in Pekan Nanas.
Johor remains central to Paragon Globe’s strategy. The state continues to attract manufacturing and logistics investments, supported by regional supply chain re-alignment and the Johor-Singapore Special Economic Zone (JS-SEZ).
According to industry observations, Johor has emerged as one of Malaysia’s most active industrial markets, driven by its proximity to Singapore, established industrial estates and improving cross-border connectivity.
Slew of project roll-outs
The group’s industrial developments in Desa Cemerlang and Pekan Nanas are located within established industrial corridors and continue to attract interest from both multinational and domestic companies.
These projects remain a key earnings contributor for Paragon Globe by providing near-term visibility while allowing the group to optimise its landbank.
At the same time, the group has begun to broaden its development profile. In 2025, Paragon Globe introduced Calia Residences, its first high-rise residential project located in Danga Bay, Johor Bahru which marks the group’s entry into the urban residential segment.
While Calia Residences has yet to contribute to earnings, it represents a strategic expansion aimed at capturing medium-term residential demand in Johor Bahru’s waterfront and city-fringe areas.
Looking ahead, the group has also unveiled Kensington Parkview @ Iskandar Puteri, a mixed-use development incorporating residential and commercial components as well as The Iconic in Johor Bahru city centre.
These projects are expected to enhance its longer-term revenue visibility while complementing its established industrial portfolio.
“Our 6M FY3/2026 results reflect steady execution across our industrial developments, supported by favourable demand conditions in Johor,” enthused Paragon Globe’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“The improvement in earnings provides a solid base as we move into 2026.”
Added Tan: “As Johor continues to benefit from structural growth drivers, our focus remains on disciplined development, prudent cost management and delivering projects that generate sustainable value over the medium term.”
At the close of yesterday’s (Jan 2) market trading, Paragon Globe was unchanged at 61.5 sen with 80.500 shares traded, thus valuing the company at RM459 mil. – Jan 3, 2026
