TA Research said Ibraco’s key launches in FY26 will come from new phases within the NorthBank township, including the NorthBank Business Exchange commercial component. “Promotional campaigns are also expected to help improve sales momentum at NewUrban Residence in PJ South, where take-up currently stands at around 45% ahead of its 2027 completion.”Looking ahead, TA Research noted that construction remains Ibraco’s primary earnings pillar, supported by its current project pipeline. As at end-FY25, Ibraco’s construction order book stood at RM734.9mil, providing earnings visibility over the next two years. With these two infrastructure projects accounting for the bulk of the current order book, construction earnings are expected to closely track project progress over the next two years. “Management is targeting around RM1bil worth of construction job wins in FY26, supported by an active tender book of approximately RM1bil.

Source: The Star March 06, 2026 10:05 UTC