CHIN Hin Group Property Bhd has posted a pre-tax profit of RM41.35 mil or a 62% year-on-year spike (1H FY 2024: RM25.6 mil) for its 1H FY2025 ended June 30, 2025, buoyed by strong sales momentum across multiple projects and improved execution.
Such performance is reflected in the group’s revenue which edged up 34% to RM417.81 mil (1H FY2024:RM312.56 mil) during the period under review.
In a nutshell, the Property Development segment achieved sales of RM925 mil as of end-June 2025, up more than 300% c to RM290 mil from the same period a year ago.
As of Aug 26, year-to-date sales stood at RM1.06 bil while unbilled sales stood at RM2.2 bil, thus ensuring a solid earning pipeline going forward.
Revenue for the group’s Property Development segment surged to RM371.4 mill from RM73.7 mil in 6M FY2024, reflecting stronger sales from on-going projects including Quaver, Ayanna, Avantro, Crown, Andalan, Dawn, and Aricia.
The segment’s pre-tax profit also improved significantly to RM43.2 mil compared to prior period due to higher profit recognition from on-going projects in line with the progress at site.
Elsewhere, revenue from the group’s Commercial Vehicles and Bodyworks segment surged to RM46.4 mil from RM29.3 mil in 6M FY2024 while its pre-tax profit inched up slightly to RM640,000 from RM590,000.
There was, however, no contribution from the Construction segment following its disposal division in November 2024.
“The turnaround of our Property Development segment highlights the strength of our project pipeline and execution capabilities,” commented group CEO (Property Development Division) Chang Tze Yoong.
“With the proposed disposal of our commercial vehicle division, we’re sharpening our focus on residential development while enhancing our financial flexibility to pursue growth opportunities in key markets.”
For the record, Chin Hin Group Property had on n Aug 14 announced the disposal of its commercial vehicles division for a total cash consideration of RM74 mil.
This strategic move will enable the group to fully exit non-core legacy businesses that fall outside the Chin Hin ecosystem while reinforcing its financial strength, liquidity and ability to fund growth.
The proceeds will be allocated towards landbank acquisitions in high-growth corridors such as Klang Valley, funding of on-going project and other opportunities aligned with the group’s long-term strategy.
The group will now focus solely on residential property development with an emphasis on delivering high-quality, lifestyle-driven and sustainable homes that appeal to Malaysia’s new generation of homebuyers.
At the close of today’s (Aug 28) market trading, Chin Hin Group Property was up 2 sen or 1.71% to RM1.19 with 1.62 million shares traded, thus giving the company a market cap of RM1.57 bil. – Aug 28, 2025
