KUALA LUMPUR (Feb 25): TeamStar Bhd (KL:TEAMSTR) said it plans to focus on executing its expansion plans despite softer market sentiment linked to a stronger ringgit and weaker US dollar, after its muted debut on the ACE Market on Wednesday. TeamStar chief financial officer Tan Jian Wei attributed the flat opening price to overall subdued market sentiment in Malaysia, influenced by broader uncertainties involving the US and China. Subsequent stores will open gradually in other states from 2027 to 2028, including Sabah and Sarawak, says Jian Wei. In addition to new outlet openings, TeamStar plans to upgrade selected stores to include showroom concepts featuring mock-ups of kitchens and living spaces to attract interior designers and end-consumers. For the financial year ended Dec 31, 2024, TeamStar posted a net profit of RM16.85 million with revenue of RM130.22 million.

Source: The Edge Markets February 25, 2026 04:18 UTC