KUALA LUMPUR: Main Market-listed Chin Hin Group Property Bhd (CHGP) announced its financial results for Q2 ended June 30, 2026 (FY26), with Property Development remaining its key earnings contributor and providing continued revenue visibility into the remainder of FY26, backed by RM2.2 billion in unbilled sales from its ongoing property development projects.
The group also continued its dividend track record with a first interim dividend of 1.0 sen per share paid on July 15, 2026 and a second interim dividend of 1.0 sen per share declared for FY26.
For Q2 FY26, group revenue increased 26.6% year-on-year (YoY) to RM264.2 million from RM208.8 million a year earlier, while PBT rose 22.5% to RM20.7 million.
The improvement was mainly driven by higher contributions from ongoing property developments as construction activities progressed during the quarter.
For the six months (1H) FY26, CHGP’s group revenue rose 21.1% to RM505.9 million, while PBT increased 7.8% to RM44.6 million.
The Property Development segment remained the group’s core earnings driver, recording revenue of RM487.2 million, up 31.2% YoY, while segment PBT increased 22.8% to RM53.1 million from RM43.3 million previously.
The stronger performance reflected higher progressive revenue recognition as construction works advanced across the group’s development portfolio.
Executive director and group CEO Chang Tze Yoong said as the group enters the second half of FY26, it remains focused on converting its development pipeline into sustainable earnings while maintaining financial discipline.
“Supported by RM2.2 billion in unbilled sales and the continued momentum in our Property Development segment, we have greater visibility over the earnings pipeline and a solid foundation from which to build our next phase of growth.
“We remain disciplined in pursuing strategic land acquisitions and joint development opportunities that align with our growth priorities and create long-term value.
“At the same time, prudent cost management, disciplined project execution and timely delivery remain central as we continue to strengthen cash flow and convert our pipeline into realised earnings.
“While softer conditions have been observed across the Commercial Vehicle and Bodyworks segments, the group has remained resilient, maintaining a positive revenue growth profile with the impact of the slowdown remaining contained at the overall group level.
“We will continue to monitor demand closely and remain ready to respond as market conditions improve.
“Ultimately, our focus is not simply on expanding the pipeline, but to deliver consistent earnings, strengthen our financial position and create sustainable value for shareholders,” Chang said.
He said the declaration of a second interim dividend of 1.0 sen per share for FY26 reflects confidence in the group’s outlook and our ongoing commitment to rewarding shareholders while investing for future growth.
Supported by RM2.2 billion in unbilled sales, a growing development pipeline, and ongoing project progress, the group remains confident it will deliver a satisfactory performance for the remainder of 2026.
