The Untold Secrets of TWL Holdings Berhad

TWL Holdings Berhad (TWL), or formally known as Tiger Synergy Berhad, had in the past 3 quarters delivered good sets of financial results. However, the share price of TWL did not mirror the performance of Bursa Malaysia Properties Index.

For the uninitiated, TWL is a diverse company with plantation and timber, property and construction, and cement batching business. As the concession agreement of the timber segment comes to a close, the company will cease to recognise revenue and profit from the timber business, which would be replaced with the plantation business.

For the avoidance of doubt, the plantation business had yet to begun the planting, hence for the coming financial years (FY24/FY25), the bulk of the company’s revenue and profit is likely to be delivered from property development business, as both construction and cement batching business are designed to support TWL’s property business.

So far, TWL has completed one flagship project, namely the Bukit Sri Putra with GDV RM160.17 million, which consists of 170 units of 3-storey linked houses.