{
  "id": 16713938,
  "title": "SkyWorld's share price weakness offers buying opportunity",
  "url": "https://urgent.news/2026/10/27/skyworlds-share-price-weakness-offers-buying-opportunity",
  "topic": "world",
  "section": "World",
  "published": "2026-10-27T05:33:08.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/10/1564591/skyworlds-share-price-weakness-offers-buying-opportunity"
  },
  "original_language": "en",
  "account": null,
  "summary": "SkyWorld Development Bhd's recent share price decline to 34 sen, down 30.3% year-to-date, has presented an opportunity for investors according to Hong Leong Investment Bank (HLIB). HLIB maintains a Buy rating on the stock with an unchanged target price of 90 sen, attributing the decline to potential fund-specific considerations or lack of buyers rather than any deterioration in the company's fundamentals. The investment bank highlighted that SkyWorld's prospects are at their strongest since listing, citing strong fundamentals, a new growth driver in Penang, and record-high unbilled sales. HLIB expects earnings to strengthen in the second quarter, driven by higher recognition of completed unit sales and increased progress billings, with a projected three-year earnings compound annual growth rate of 82.6% from FY26 to FY29.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}