Avaland partners MBSB Bank to incentivise first-time homebuyers of its green-certified projects

The statement also highlighted that Avaland recently reported its upward trajectory in the nine months ended Sept 30, 2024 (9M2024), with net profit more than doubling to RM68.2 million, compared with RM28.5 million in the previous corresponding period (9M2023), while revenue rose 92% to RM664.4 million in 9M2024, from RM346.6 million in 9M2023.

In the same period, Avaland’s property sales rose by 60% to RM683.7 million, fuelled by high take-up rates for ongoing projects. As of Sept 30, 2024, the company’s unbilled sales stood at RM964 million.

https://theedgemalaysia.com/node/738018

26/11/2024 News
TP 0.54 UNDERPERFORM

10/12/2024 Actual
Last price 0.795 +0.05 (6.71%)!

Just for record keeping.

Avaland 9M2024 Net Profit More Than Doubles To RM68.2 Million


Net profit
=======
9Months2024 (RMm) 68.2
9Months2023 (RMm) 28.5
Growth +139.3%

Revenue
=======
9Months2024 (RMm) 664.4
9Months2023 (RMm) 346.6
Growth +91.7%

Apollo Bello Tanco (“Pol”), Chief Executive Officer of Avaland said, “The Group’s strong financial performance in the year to date is a testament of our team’s commitment to introducing high quality homes and with strong value proposition to the market.

The improved sales performance was driven by encouraging take-up for the Group’s ongoing projects, namely Aetas Damansara (100%), Phase 1 of Casa Embun (100%), Sanderling (100%), Alira Subang Jaya (97%) and Alora Residences (46%).

https://www.propertyguru.com.my/property-news/2024/11/212286/avaland-9m2024-net-profit-more-than-doubles-to-rm68-2-million
25 Nov 2024

OPPSTAR CEO Drops MAJOR Insights!
https://www.youtube.com/watch?v=bexJ50Nfdtg&list=LL&index=40

OPSTAR recognises the limitations of a growth model based solely on increasing headcount and aims to pursue a more recurring and less "brute force" approach. The CEO acknowledges that relying solely on engineer headcount for revenue generation is not a scalable solution. Instead, the company wants to focus on adding value and implementing innovative strategies that yield higher returns. This is exemplified by their partnership with Samsung Electronics, which opens doors to recurring revenue streams.

OPSTAR aims to expand its business model (beyond Non-Recurring Engineering (NRE) charges, which are one-off project fees. The company plans to achieve this by tapping into the recurring revenue stream generated when the products they design for customers gain market traction and require unit orders. This strategic shift is evident in their partnership with Samsung Electronics, which allows them to offer customers the option to tape out products to Samsung foundries.

Oppstar's new semiconductor wafer and component sales segment outperformed its IC design and post-silicon validation services segment, contributing RM11.67 million (53.76%) of the Group's total revenue in the last quarter.
- Oppstar Second Quarter Ended 30 Sep 2024 financial report

If this new business segment can secure long-term works with customers and the foundry (Samsung), generating recurrent revenue, it would be a positive development.

Avaland Berhad has received the TOP-OF-THE-CHARTS TOP 10 Award at the recent Malaysia Developer Awards 2024!

https://malaysiadeveloperawards.com.my/the-award-winners/2024/