19/06/2026

BIZ & FINANCE FRIDAY | JUNE 19, 2026

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PKFZ 86% ‘reactivated’, records RM108m revenue

implementation, sale of IT hardware and software and IT managed services. Of SRKK’s public issue of 64.00 million shares, 14.20 million shares will be made available for application by the Malaysian public, 17.04 million shares will be made available for application by eligible directors, employees, and persons who have contributed to the success of SRKK AI, and 32.76 million will be made available by private placement to selected investors. TA Securities is the principal adviser, sponsor, underwriter and placement agent for SRKK AI’s IPO exercise. Applications for SRKK AI’s IPO will close on June 25, 2026. SRKK AI is slated to list on the ACE Market of Bursa Malaysia on July 9, 2026. SRKK AI is one of the managed partners of Microsoft, and the first Malaysian solution provider to earn all six pillars of key technical competency under the Microsoft AI Cloud Partner Programme. Eco World’s Q2 net profit declines to RM129.14 mln KUALA LUMPUR: Eco World Development Group Bhd’s net profit for the second quarter ended April 30, 2026 (2Q 2026) declined marginally to RM129.14 million from RM129.83 million posted a year earlier. Revenue decreased by 9.2 per cent to RM797.40 million from RM878.20 million previously, due to the completion of the sale of 49.78 hectares of industrial land at Quantum Edge, Iskandar Malaysia in 2Q 2025, which had boosted revenue in the previous corresponding period. In a filing with Bursa Malaysia, the property developer said the board of directors declared a second interim dividend of two sen per share for 2Q 2026, bringing total year-to-date dividends for financial year 2026 (FY2026) to four sen per share, a 33 per cent increase from the same period in FY2025. Eco World said it has achieved RM3.28 billion in sales as at May 31, 2026, representing 82 per cent of the group’s RM4.0 billion FY2026 sales target. “This marks a new record for sales achieved in seven months of a financial year, exceeding the RM2.99 billion attained as at May 31, 2025. “Our projects in the southern region (Iskandar Malaysia) were the largest contributors, accounting for RM1.66 billion or 51 per cent of the group’s total sales, followed by the central region (Klang Valley and Negeri Sembilan) with RM1.45 billion and RM168 million from the northern region (Penang),” it added. On prospects, the company said its sustained sales growth amid market uncertainty also demonstrates the resilience, breadth and depth of demand in the property sector, which it remains well positioned to serve through five revenue pillars. “We are therefore highly optimistic about our prospects going forward. “Our future revenue stands at an all time high as at May 31, 2026, at RM5.38 billion, which significantly strengthens both our earnings prospects and cashflow visibility in the near and mid-term,” it said. At lunch break, the stock price was 0.94 per cent higher at RM2.14, with 783,000 shares transacted. – Bernama

PULAU INDAH: The Port Klang Free Zone (PKFZ), now 86 per cent “reactivated” after nearly two decades of underutilisation, has generated RM108 million in revenue. PKFZ Sdn Bhd, a subsidiary of the Port Klang Authority (PKA), recorded a 14.9 per cent increase in throughput to 110,467 twenty-foot equivalent units (TEUs) as of May 2026. Transport Minister Anthony Loke Siew Fook said PKFZ had undergone a challenging transformation since last year and delivered steady, encouraging growth over the past 18 months. “As of May 2026, PKFZ’s revenue and collections increased by 16 per cent and 29 per cent, respectively, compared with May 2024,” he told reporters after officiating the PKFZ Smart Intelligent Industrial Park here yesterday. Yesterday also marked the pre-launch ceremony for several projects involving a cumulative new investment value of RM566 million, encompassing Wisma Golden Horse, PKFZ Centralised Labour Quarters, Suntek Materials Sdn Bhd Factory, and Golden Horse Rubber Factory Phase 2. Loke took note that PKFZ has continued attracting Chinese investment, with occupied space surpassing 3.18 million square feet by January 2026. “China-linked businesses also contributed 88,070 TEUs in 2025, representing 20 per cent of PKFZ’s total throughput. China remains PKFZ’s biggest import country, and this reinforces the strong economic partnership between Malaysia and China,” he added. To further promote growth in the free zone, PKA has established the PKFZ Advisory Council, consisting of respected industry leaders who have agreed to share their expertise for the development of PKFZ. o Loke says Port Klang Free Zone continues to attract investment from China

Loke gives a speech at the pre-launch ceremony in Wisma Golden Horse yesterday. – BERNAMAPIC

smart zone, with the transformative roadmap set to position PKFZ as a next-generation logistics and industrial ecosystem that integrates sustainability, technology, and investor-centric services. Among its key initiatives under the 10-year master plan are industrial hub innovation, green development and a business-friendly ecosystem, which, among others, will focus on digitisation, artificial intelligence-driven security and business solutions, as well as value-added investor services and trade facilitation. – Bernama

“At the same time, the MOT has also approved a RM30 million rehabilitation project to facilitate the transformation of PKFZ, hoping that this would help enhance investors’ confidence in this free zone,” the minister said. PKFZ, spread across 4.5 hectares of land, was launched in 2005, with the ambition to replicate the success of Dubai’s Jebel Ali Free Zone by developing a major free trade hub alongside the country’s main maritime gateway, Port Klang. PKFZ unveiled the PKFZ 2.0 masterplan today in a bold new vision for a future-ready

SRKK IPO to raise RM20.48m for strategic growth initiatives in AI PETALING JAYA: Digital transformation solutions enabler SRKK AI Bhd aims to raise RM20.48 million in proceeds from its initial public offering (IPO) on the ACE Market of Bursa Malaysia, primarily for strategic growth initiatives n artificial intelligence (AI). increasing adoption in AI-enabled solutions since 2022. AI-enabled solutions will firmly extend our existing expertise, and provide a scalable growth

Of the RM20.48 million in proceeds raised for SRKK AI, RM4.00 million is earmarked for strategic growth initiatives in AI, namely, the setup of AI labs and AI academy, and development of AI-enabled data analytics and software solutions, RM1.84 million for geographical expansion to Indonesia; and RM3.70 million to build an in-house Security Operations Centre. A further RM1.80 million is allocated for branding, marketing and promotional activities, RM4.64 million for working capital, and RM4.50 million to defray listing expenses. SRKK AI has set a dividend policy of distributing at least 20% of consolidated profits after tax attributable to shareholders. Recurring revenue constituted 53% of SRKK AI’s total revenue FY25, via cloud services, IT managed services, data analytics and business intelligence, and rental of IT hardware and software. The balance 47% was derived from IT consultation and project

“This is the clearest signal that corporations are advancing from AI exploration into AI implementation. “Therefore, our IPO proceeds are to fuel our AI-first strategy, mainly to fund strategic growth initiatives in AI. “We have a two-pronged strategy: firstly, setting up AI labs and AI academy. “AI labs will enable customers visualise a digital transformation roadmap using AI capabilities, and test the solutions in their specific business challenges. The AI academy will cultivate local AI talent to address growing demand for AI expertise. “Secondly, SRKK AI intends to develop our own data analytics and business intelligence solutions with AI capabilities. “Having delivering AI-enabled solutions for clients in the past, we intend to take this a step further by developing and owning the intellectual property for software solutions. “The development of our

opportunity for SRKK AI,” said Yew. Elaborating on the type of AI-enabled solutions, SRKK AI intends to develop a supply chain planning and forecasting platform, integrated with data analytics and AI capabilities. This will support demand forecasting and inventory replenishment for manufacturing and food and beverage service providers. SRKK AI also plans to develop solutions to help organisations monitor and report their environmental social and governance (ESG) performance. On top of consolidating data from various sources, it will feature AI capabilities to generate ESG scores, actionable recommendations, and reports based on actual, on-the ground scenarios. SRKK AI’s IPO exercise entails a public issue of 64 million shares and an offer for sale of 13 million shares at RM0.32 a share.

Speaking at its IPO prospectus launch yesterday, SRKK AI CEO Yew Lip Sin said SRKK AI’s IPO was driven by increasing adoption of AI-enabled solutions by enterprises, and the large AI market potential with Microsoft’s US$2.2 billion (RM9.06 billion) investment into Malaysia’s cloud and AI infrastructure. AI-enabled solutions constituted 11% or RM11.8 million of SRKK AI revenue for the financial year ended Dec 31, 2025 (FY25). SRKK AI implements end-to-end digital transformation solutions for enterprises, and embeds AI into enterprises’ information technology (IT) lifecycles, across cybersecurity, business workflows, cloud, software, and analytics. “We have successfully embedded AI into our clients’ solutions and seen