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KUALA LUMPUR (Feb 3): Shares of GuocoLand (Malaysia) Bhd have been suspended from trading from 9am on Tuesday pending an announcement, according to a Bursa Malaysia filing.
The suspension follows a separate request by its parent company, GuocoLand Ltd, for a trading halt on the Singapore stock on Monday evening, as disclosed in a filing with the Singapore Exchange.
Shares of GuocoLand (Malaysia) have climbed 59.8% since the start of the year. The stock last traded at 93.5 sen, the highest since 2018, for a market capitalisation of RM654.9 million.
GuocoLand (Malaysia) is a subsidiary of Hong Kong-listed Guoco Group, which in turn is part of the Hong Leong Group.
GuocoLand (Malaysia), the property arm of Hong Leong Group, develops residential townships as well as commercial and integrated developments in Malaysia. Its parent, GuocoLand, has established operations in Singapore, China and Malaysia.
According to GuocoLand (Malaysia)’s latest annual report, GLL (Malaysia) Pte Ltd — a wholly owned subsidiary of GuocoLand — is the company’s largest shareholder, holding a 65.03% stake.
Based on AskEdge data, GuocoLand (Malaysia) shares are currently trading at 30.9 times trailing price-to-earnings and 0.5 times price-to-book value.
As at end-December 2025, GuocoLand (Malaysia)’s cash and cash equivalents stood at RM197.2 million, compared with total borrowings of RM584.8 million. Its net tangible assets stood at RM2.08 per share.
For the second quarter ended Dec 31, 2025 (2QFY2026), the group’s net profit fell 9.48% to RM6.67 million from RM7.36 million a year earlier, despite revenue rising to a more than three-year high of RM150.82 million from RM144.15 million.
The lower profit was due to the absence of profit contribution from Emerald Hills’ North Tower following the delivery of vacant possession in December 2024, as well as a lower share of profit from Emerald Rawang, the group noted.
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