Pesona Metro Holdings posted 1HFY26 profit attributable to shareholders of RM26.36m, up 56.7% year on year, according to Malacca Securities Research. Revenue rose 39.2% to RM447.9m over the same period, the research house noted.
Pesona Metro Holdings’ Business Mix
The group runs both a construction arm and a property development business. The research house said the two segments feed different parts of its earnings pipeline.
On the construction side, the company holds a RM2.2bn order book spread across eight ongoing projects as of August 2026. That backlog gives it multi-year revenue visibility, the research house added.
Key Financial Numbers and Catalysts
The most recent contract win is a RM247.5m order to build the Setia Alam Medical Centre, with completion scheduled for January 2029. Malacca Securities Research views the award as strengthening the construction revenue pipeline.
On the property side, management expects about RM600m in unbilled property sales to be recognised through end-2027. The research house said this provides a near-term earnings pipeline, though sustaining growth beyond that will depend on new sales and project launches.
Technical Outlook and Valuation Basis
Malacca Securities Research describes the share price as rebounding within a bullish flag formation, bouncing off the 20-day EMA. Immediate support is held at RM0.470, and the stock trades comfortably above its 200-day EMA.
Momentum indicators are improving, with the RSI holding above 50 and the MACD histogram turning positive. The research house’s immediate target is RM0.495, with a further move towards RM0.550 if buying momentum strengthens.
The report’s valuation basis is technical, based on EMA levels and chart patterns. The extracted summary does not set out a fundamental valuation model, so readers should check the full document for any rating or target price it contains.
Risks to the Setup
According to the research house, a break below RM0.455 would invalidate the current technical setup. That level sits just below the RM0.470 support.
Earnings beyond the contracted pipeline remain tied to new property launches and sales. Malacca Securities Research noted that growth after the RM600m unbilled sales pipeline depends on these factors.
What This Means for Retail Investors
The report frames Pesona Metro’s near-term story around contracted revenue and a recovering chart. Malacca Securities Research highlights that 2HFY26 earnings growth could further influence sentiment.
Investors weighing these points may want to compare the technical levels against their own time horizon and risk limits. This article reports the research house’s findings and does not make a recommendation.
The full report, including the complete rating and valuation details, is available from M+ Online.
Key Takeaways
- 1HFY26 profit rose 56.7% to RM26.36m, with revenue up 39.2% to RM447.9m, according to Malacca Securities Research.
- A RM247.5m hospital contract and a RM2.2bn construction order book underpin revenue visibility.
- About RM600m in unbilled property sales is expected to be recognised through end-2027.
- The research house’s technical targets are RM0.495 and RM0.550, with a break below RM0.455 invalidating the setup.
Frequently Asked Questions
What is Malacca Securities’ target for Pesona Metro Holdings?
Malacca Securities Research’s immediate technical target for Pesona Metro Holdings is RM0.495, with further upside towards RM0.550 if buying momentum strengthens. The extracted summary does not show a headline rating or fundamental target price, so the full report from M+ Online should be consulted for those details.
How much did Pesona Metro Holdings’ profit grow in 1HFY26?
According to Malacca Securities Research, profit attributable to shareholders rose 56.7% to RM26.36m in 1HFY26. Revenue grew 39.2% to RM447.9m over the same period.
How big is the Setia Alam Medical Centre contract?
The research house noted that Pesona Metro secured a RM247.5m contract to construct the Setia Alam Medical Centre. Completion is scheduled for January 2029.
At what level would the technical setup be invalidated?
Malacca Securities Research said a break below RM0.455 would invalidate the current bullish setup. Immediate support is held at RM0.470.
Source & Attribution
This article summarises a research report published by Malacca Securities Sdn Bhd (M+ Online) on 13 October 2026. All ratings, target prices and forecasts belong to Malacca Securities Research, not to the author of this blog.
Read the original report: M+ Online Research Report | View full PDF
Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Ratings and target prices cited are those of Malacca Securities Research and are subject to change. Always do your own research before making investment decisions.
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