LSH Capital opens higher on Main Market debut

On its debut day in Bursa Malaysia's Main Market, Lim Seong Hai Capital Bhd (LSH Capital) commenced trading at RM1.78, marking a 1.71 per cent increase from its previous close of RM1.75. The share price maintained its level at RM1.78 at 9.15am with limited trading activity, before dropping by two sen or 1.14 per cent to RM1.73 at the time of this report. This resulted in a market capitalisation of RM1.43 billion for the construction company.

The transfer from the ACE Market to the Main Market signifies another milestone in LSH Capital's growth trajectory on Bursa Malaysia. The move, which took place after approval by the Securities Commission on October 2, does not entail issuing new shares. Rather, the company's existing shares were moved to the main market. LSH Capital had been listed on the LEAP Market since July 30, 2021, prior to its most recent advancement.

In its most recent financial results, LSH Capital reported a 42.7 per cent decrease in net profit to RM14.97 million for the third quarter ended June 30, 2026, compared to RM26.12 million in the same period a year earlier. Revenue also declined by 7.5 per cent, from RM121.88 million to RM112.73 million. Despite these declines, the company remains focused on completing ongoing construction projects and exploring new opportunities in construction-related services and solutions under its BEST Collaboration Framework.

The company aims to identify suitable landbank with development potential as part of its long-term growth strategy.

LSH Capital attributes its growth since listing on the LEAP Market, along with completed construction projects, to an enhanced position in the construction and property development industries. This progress is anticipated to instill confidence in clients and the government regarding the company's ability to undertake larger projects in the future.