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WYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition KUALA LUMPUR: BWYS Group Bhd’s shareholders have approved the disposal of a leasehold industrial property in Bukit Changgang for RM67mil, alongside the acquisition of a freehold industrial land in Tanjong Duabelas for RM94.5mil. Both properties are located in Kuala Langat, Selangor. In a statement, the sheet metal products manufacturer and scaffolding supplier said the approvals were obtained at its extraordinary general meeting held today. The disposal involves industrial land together with existing buildings at Bukit Changgang, while the acquisition relates to a freehold industrial land parcel in Tanjong Duabelas. BWYS said the proposed Bukit Changgang disposal will enable the group to unlock the value of a non-core asset and strengthen its financial position. Proceeds from the sale are expected to be used for the repayment of bank borrowings, working capital requirements and partial funding of the proposed Tanjong Duabelas land acquisition. “This transaction also allows the group to optimise its asset base and improve capital efficiency by reallocating resources towards higher value-added and growth-supporting initiatives,” BWYS said. Meanwhile, the proposed Duabelas land acquisition supports the group’s long-term expansion plans by providing capacity for new manufacturing and warehousing facilities within a strategic industrial hub. Managing director Kang Beng Hai said the approval of both the Changgang property disposal and the Duabelas land acquisition reflects the group’s disciplined approach to asset management and long-term planning. “By unlocking value from a non-core asset while securing strategically located land to support future operations, the group is strengthening its balance sheet and enhancing flexibility to support sustainable growth over the longer term.”    source:https://www.thestar.com.my/business/business-news/2026/01/22/bwys-shareholders-approve-rm67mil-property-disposal-rm945mil-land-acquisition

BWYS 3Q25 Net Profit Surges 187%,Declares 0.05 Sen Dividend BWYS Group Bhd posted a stellar third quarter for its financial year 2025 (3Q25), with net profit for the quarter nearly tripling to RM4.3 million from RM1.5 million a year ago, driven by robust demand from Malaysia’s construction sector and higher overall sales. Revenue also rose 30% year-on-year (YoY) to RM74.8 million compared to RM57.6 million in 3Q24, while net profit margin expanded to 5.8% from 2.6% in 3Q24, aided by the absence of one-off listing expenses in the prior year. Managing Director Kang Beng Hai highlighted that Malaysia remained the group’s main market, contributing 92% of total revenue, while the US and other markets made up the remainder. For the nine-month period (9M25), Kang shared that BWYS recorded revenue of RM201.7 million, up 11.2% YoY, while net profit surged 94.5% to RM10.9 million. Given the outstanding financial performance, Kang said the board decided to declare a first interim single-tier dividend of 0.05 sen per share. Meanwhile, Kang emphasised that with demand on the rebound and new capacity coming online, BWYS is well-positioned for strong growth. source:https://www.businesstoday.com.my/2025/11/19/bwys-3q25-net-profit-surges-187-declares-0-05-sen-dividend/?utm_source=rss&utm_medium=rss&utm_campaign=bwys-3q25-net-profit-surges-187-declares-0-05-sen-dividend

BWYS unit buys Kuala Langatindustrial land for RM95mil KUALA LUMPUR: BWYS Group Bhd’s wholly owned subsidiary BW Scaffold Industries Sdn Bhd has entered into a sale and purchase agreement with Compass IP Sdn Bhd to acquire a parcel of freehold industrial land in Kuala Langat, Selangor, for a cash consideration of RM94.48 million. In a filing with Bursa Malaysia today, the steel manufacturer said the acquisition aims to support BWSI’s future operational expansion.   “The group intends to construct a new factory comprising factory buildings, warehouses and centralised labour quarters, and is expected to increase the operational capacity of the group. “The construction of the new factory is estimated to commence in the second quarter of 2026,” it said. BWYS said the acquisition will be funded through the proceeds from the proposed disposal of another property and bank borrowings. “The board is of the view that the proposed land acquisition will contribute positively to the financial and operational growth of the group in the future,” it said. The group said the acquisition is subject to approvals from the shareholders of BWYS at a forthcoming extraordinary general meeting and from relevant authorities or parties. “Barring any unforeseen circumstances and subject to the relevant approvals being obtained, the proposed land acquisition is expected to be completed in the first quarter of 2026,” it added. – Bernama source:https://www.thestar.com.my/business/business-news/2025/10/22/bwys-unit-buys-kuala-langat-industrial-land-for-rm95mil

BWYS’s indirect unit signs agreementto set up production line worth 19.38mil yuan KUALA LUMPUR: BWYS Group Bhd’s indirect wholly-owned subsidiary, YS Global Industries Sdn Bhd (YSGI) has entered into cooperation agreements with Runwin International (HK) Holding Group Co Ltd to set up a production line worth 19.38 million yuan (RM11.45 million). In a filing with Bursa Malaysia today, it said the purpose of the agreement is to set up a colour coating production line for the commercial production of colour-coated steel coils.   In conjunction with the cooperation agreements, YSGI, together with YS Success Industries Sdn Bhd (YSSI), had entered into a shareholders’ agreement (SHA) with Lionwise Holding Group Pte Ltd (LHG) to form a joint venture (JV)  to regulate their relationship inter se as shareholders of YSGI and the conduct the business and affairs of YSGI. LHG is an 81.48 per cent-owned subsidiary of Runwin and FXD Group Sdn Bhd (FXD). “The proposed JV will be undertaken via capital increase and share expansion in YSGI by YSSI, LHG and FXD. As at Sept 9, 2025, the existing issued and paid-up capital of YSGI is RM2 million, comprising two million ordinary shares. “Subsequent to the SHAs, the issued and paid-up capital of YSGI shall be increased to RM15.04 million, comprising 15.04 million shares, to be held by or to be allotted to the shareholders at an issue price of RM1.00 per share,” it said. It said pursuant to the SHAs, YSSI shall subscribe for an additional 5.6 million shares in YSGI for RM5.6 million, while LHG shall subscribe for 6.59 million YSGI shares for RM6.59 million and FXD shall subscribe for 854,000 shares for RM854,000. “Following the allotment of new shares, YSGI shall cease to be a wholly-owned subsidiary of the BWYS as the equity interest of the company in YSGI through YSSI will be reduced from 100 per cent to 50.52 per cent,” it noted. BWYS said the proposed JV will not have an effect on the issued share capital and the shareholdings of the substantial shareholders of the company, as it does not involve any issuance of new ordinary shares of BWYS. “The proposed JV is not expected to have any immediate material impact on the earnings or earnings per share (EPS) of the group for the financial year ending Dec 31, 2025. “However, it is expected to contribute positively to BWYS’ earnings in the medium to long-term upon the successful implementation and commencement of operations,” it added. – Bernama  source:https://www.thestar.com.my/business/business-news/2025/09/18/bwys039s-indirect-unit-signs-agreement-to-set-up-production-line-worth-1938mil-yuan

BWYS net profit jumps 171% in 2Q amid strong demand KUALA LUMPUR: Sheet metal products manufacturer and scaffolding supplier BWYS Group Bhd sees encouraging prospects in the sheet metal products industry, supported by the government’s continued commitment to infrastructure development. “Major projects such as MRT3, the East Coast Rail Link (ECRL), Penang Light Rail Transit (LRT) and the Penang International Airport expansion are expected to drive sustained demand, and the group is well-positioned to support these initiatives through dependable supply and consistent product quality. “We will also continue to seek opportunities to participate in relevant large-scale projects where our products can add value,” managing director Kang Beng Hai said in a statement. He said that while global steel prices remain subdued amid market uncertainties and supply-demand imbalances, the group is taking proactive steps to adapt while strengthening its capabilities and product range to meet evolving market needs. In the second quarter ended June 30, BWYS’ net profit jumped 171.3% to RM4mil, or 0.39 sen per share, lifting first-half (1H25) net profit 59.4% to RM6.6mil, or 0.64 sen per share. The group said the stronger earnings were driven by higher other operating income, mainly from rental of factory and machinery to optimise underutilised assets and generate additional income. Quarterly revenue rose 18.9% to RM69.5mil, bringing 1H25 revenue to RM126.8mil, supported by higher sales performance and demand from the construction sector and existing customers in Malaysia. Malaysia remained the group’s main market, contributing RM66mil or 95% of revenue in 2Q25, with the balance from the United States, Singapore, Bangladesh and the Philippines. In line with its long-term growth strategy, BWYS’ new Penang factory is on track to begin operations in the first quarter of 2026. Once operational, the new factory will expand production capacity, improve operational efficiency, broaden product offerings, and enable adoption of more advanced technologies. The facility will expand production capacity, improve efficiency, broaden product offerings and support the adoption of advanced technologies. source:https://www.thestar.com.my/business/business-news/2025/08/18/bwys-net-profit-jumps-171-in-2qamid-strong-demand

BWYS to sell Banting industrial properties for RM67mil KUALA LUMPUR: BWYS Group Bhd has entered into a sale and purchase agreement with Yusin Machinery (Malaysia) Sdn Bhd for the proposed disposal of industrial properties in Banting, Selangor for RM67mil cash. In a statement, the sheet metal products manufacturer and scaffoldings supplier said the properties are located at Kawasan Perindustrian Olak Lempit, Banting, Selangor, on a developed industrial land measuring approximately 339,386 square feet.   The site comprises three blocks of four-storey office buildings, three blocks of single-storey detached factory buildings, and an ancillary structure. BWYS said the proposed disposal is expected to yield a gain of approximately RM33.8mil for the group, to be recognised in the next financial year ending Dec 31, 2026. Managing director Kang Beng Hai said the properties were acquired in January 2019 for RM28mil, and the current offer presents a timely opportunity for the group to unlock meaningful value from the investment. “The proceeds will be applied towards supporting our ongoing operations and enhancing overall business efficiency. This move allows us to reallocate resources in a way that aligns with our broader business strategy, ensuring we remain well-positioned to capture opportunities and sustain our growth momentum in the coming years,” he said. Of the RM67mil in proceeds, RM37.9mil will go toward repaying bank borrowings, saving the group about RM1.1mil in annual interest. Another RM24mil will fund raw material purchases and operations, while RM5.1mil is allocated for estimated disposal-related expenses. The proposed disposal is expected to be completed in the first quarter of 2026, pending shareholders’ approval at an upcoming extraordinary general meeting and relevant regulatory approvals. source:https://www.thestar.com.my/business/business-news/2025/08/01/bwys-to-sell-banting-industrial-properties-for-rm67mil

BWYS sells two parcels of land for RM11mil PETALING JAYA: BWYS Group Bhd is disposing of two parcels of freehold properties in Bandar Butterworth, Penang to Hung Shang Property Sdn Bhd totalling 8,729 sq m, for RM11.28mil. In a filing with Bursa Malaysia, the manufacturer of sheet metal products said the disposal will allow the group to monetise non-core assets, improve liquidity and reallocate resources for core business expansion.   “The proceeds from the proposed disposal will provide immediate cash inflow, enhancing the group’s liquidity position. “These funds can be used to support working capital requirements, providing additional financial resources and strengthening the capital base of the group.” BWYS Group said the proposed disposal is expected to result in a gain of approximately RM2.28mil, after taking into consideration the net book value of the properties, incidental costs and expenses, and real property gains tax estimated at RM0.22mil. source:https://www.thestar.com.my/business/business-news/2025/07/29/bwys-sells-two-parcels-of-land-for-rm11mil

BWYS Maintains Profit Stability In 1Q25Despite Lower Revenue Of RM57.3 Million Sheet metal products manufacturer and scaffoldings supplier, BWYS Group Bhd, has delivered a steady financial performance in the first quarter ended March 31, 2025 (1Q25), navigating a softer pricing environment with improved operational efficiency. The group posted a revenue of RM57.3 million, down from RM65.4 million in the corresponding quarter last year, primarily due to lower average selling prices and subdued market demand amid falling global steel prices. Despite the revenue dip, net profit for the group held firm at RM2.6 million, only slightly below the RM2.7 million recorded in 1Q24. Net profit margin improved to 4.6% from 4.1% a year earlier, reflecting tighter cost control and enhanced operational management. Malaysia remained BWYS’ core market, contributing 96.1% of total revenue (RM55.1 million), followed by the US (RM1.1 million), with additional sales from Singapore, Australia and Bangladesh. “We are encouraged by the steady start to the financial year despite pricing pressures. “Demand for our CIDB-certified shoring systems remains resilient, supported by ongoing construction activity in Malaysia,” Managing Director Kang Beng Hai said. Looking ahead, Kang said BWYS remains cautiously optimistic, citing upcoming infrastructure projects such as MRT3, East Coast Rail Link and the Penang LRT as key growth drivers. He added that the group aims to sustain its performance through effective inventory management, cost optimisation and a continued focus on operational excellence. source:https://www.businesstoday.com.my/2025/05/29/bwys-maintains-profit-stability-in-1q25-despite-lower-revenue-of-rm57-3-million/

BWYS Group makes strong market debut KUALA LUMPUR: BWYS Group Bhd expects the positive outlook of the construction sector to continue driving its growth prospects. Group chief operations officer Ken Lau Ken Wah said this is underpinned by significant infrastructure expansion in the country. “There are also new data centre investments coming in, so the opportunities are there. Hence, we are very positive in terms of growth,” he said after the company’s listing yesterday.   Serving two main industries – building construction and warehousing and storage industries – the sheet metal product manufacturer and scaffolding supplier’s principal products are roofing sheets and trusses, industrial racking systems and welded pipes. The group is also engaged in the trading of steel materials and steel-related products. In the financial year ended Dec 31, 2023 (FY23), 95.6% of BWYS’ revenue was generated locally with the rest coming from export markets like the United States, Singapore, Indonesia, Australia, Bangladesh, the Philippines, the United Arab Emirates, Brunei and Kuwait.   Currently, the United States is the group’s largest export market. It is also a part of BWYS’ business strategies to expand and grow its business in various regions including South-East Asia, the Middle East and South America. “For our export markets, we are focused on industrial racking systems that already complies with the European standard. The majority of the export countries mentioned are using that standard, so we are looking at the opportunities there. “Our strategy is to sell our products to resellers to utilise their networks to gain access without needing to invest in resources and facilities in foreign markets,” Lau said. He added the group benefits from US tariffs and restrictions, which gives it a competitive advantage in the market. “When we sell to the United States, we act as an original equipment manufacturer for our US partners. They provide us with their patented designs, given that they have their own standards there and we will manufacture for them,” he said. BWYS raised RM56.4mil from the public issue of 256.30 million new shares. The company made its debut on the ACE Market of Bursa Malaysia yesterday, opening at 32 sen per share or 10 sen higher than its initial public offering (IPO) price of 22 sen per share. The opening volume was 33.9 million shares. The stock ended its maiden trading day at 35 sen, a premium of 13 sen or 59% over its IPO price of 22 sen. The share price hit a high of 36.5 sen and a low of 32 sen in intraday trade. The bulk of the proceeds raised or RM41.4mil is earmarked for capital expenditure. From this sum, RM22.8mil will be used for the construction of a new factory in Penang, another RM7.7mil will go towards the purchase of new machinery and equipment and RM10.8mil is for the implementation of a new enterprise resource planning system, production and inventory management systems. Apart from new production lines, the new factory will also house existing machinery and equipment for the industrial racking systems and roofing sheets and truss manufacturing operations. “The new factory serves two main functions. Firstly is the expansion of our production line for the polyurethane foam sandwich panel, and secondly is the new automated powder coating line for our industrial racking systems. “We have very limited warehouse space in our current facilities. The new site will increase our warehouse capacity by over 11 times, allowing us to have better inventory management,” Lau said. BWYS’ main input materials are steel-based materials including hot rolled steel coils and coated cold-rolled steel coils. In general, other than passing on the costs to consumers, Lau said the group mitigates costs by buying raw materials in a consistent manner. “We purchase our raw materials consistently, on a monthly basis. If we anticipate that prices are going to go up, we will buy more. If prices are expected to fall, then we will buy less. Hence, if you were to average it out, even if there is a spike, more or less, we are able to cover for it,” he said. source:https://www.thestar.com.my/business/business-news/2024/07/23/bwys-group-makes-strong-market-debut#:~:text=BWYS%20raised%20RM56.,volume%20was%2033.9%20million%20shares.

BWYS shares soar 65% in market debut KUALA LUMPUR: Sheet metal product manufacturer and scaffolding supplier BWYS Group Bhd’s shares surged more than 65% on its debut on the ACE Market of Bursa Malaysia, showing strong investor demand in the new stock despite a lacklustre market. The group, whose share offering to the Malaysian public was 48.51 times oversubscribed, raised RM56.4mil from its initial public offering (IPO).   BWYS shares began trading at 32 sen apiece as compared to its IPO Price of 22 sen. Subsequent strong buying interest took the share price to a high of 36.5 sen a share, representing a 14.5 sen increase over its IPO price of 22 sen.   As at 9.24am, there were 152.94 milion BWYS shares traded, making it the most actively traded counter on Bursa Malaysia on Monday. With the funding from the IPO, BWYS is set to expand its operations and boost production capacity with a new factory in Penang, covering a total built-up area of about 197,153 sq ft. Additionally, BWYS said it will acquire new machinery, including roll forming machines for the Banting factory and equipment for roof truss and industrial racking system manufacturing. Upon completion, the Penang factory will increase the company’s production capacity to 147,147MT and warehouse capacity to 150,231 sq ft. Rakuten Trade in its IPO note said it forecasts net earnings growth for BWYS given the expansion plans. “Given the expansion of capacity, the rollout of new products, and increasing demand for building materials, we foresee BWYS posting net earnings of RM22.3mil and RM27.6mil for FY24 and FY25, respectively,” it said. The research firm put out a “buy” call on the stock with a fair value of 40 sen a share based on a 15x price-earnings ratio over FY25 earnings per share. source: https://www.thestar.com.my/business/business-news/2024/07/22/bwys-shares-soar-65-in-market-debut