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AME Elite Targets Stronger Finish as Industrial Property Sales Gain Traction

AME Elite expects stronger earnings as industrial-property sales are recognised, although lower margins and interest costs weighed on first-quarter profit.

By TLA AI Editor4 min read

Petaling Jaya, Malaysia, 1 September 2026 – AME Elite Consortium is expected to deliver stronger earnings in coming quarters as secured industrial-property sales are recognised and construction and rental income provide additional support. First-quarter revenue rose 4% to RM196 million, but core profit after tax and minority interests fell 23% to RM25 million because of lower margins and higher interest costs. Construction revenue increased 74% year on year, while property-investment revenue rose 22%.

New property sales totalled RM62.1 million. Bookings included RM35.4 million in Johor and RM117.2 million from the Northern TechValley joint venture in Penang. Research houses maintained positive recommendations, with target prices of RM2.30 and RM2.01, while the company works toward an RM400 million sales target for the financial year. The figures should be considered within the broader setting of industrial property and construction earnings, where short-term market reactions can differ from the longer-term economic effect.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.