Capital World

Management & Corporate Governance

SGX, independent auditors raise questions over health of Capital World's finances

SINGAPORE (Oct 14): Capital World, the property developer formerly known as Terratech Group, says it believes it is able to continue as a going concern, despite a disclaimer opinion by the company’s independent auditors Messrs Ernst & Young LLP in the g

Broker's Calls

The property developer with a potential 300% upside, according to Tayrona

SINGAPORE (Oct 31): Tayrona Financial believes Malaysia-based property developer Capital World, formerly known as Terratech Group, has a “compelling upside of almost 300%” amid "improving fundamentals that justify a rerating".

Capital World debuts 'The Greatest Showman' live production at Capital City's Circus Hall

SINGAPORE (Aug 20): Property developer Capital World, formerly known as Terratech, on Saturday premiered The Greatest Showman at Circus Hall, the new indoor live theatre of its Capital City theme park project in Johor, Malaysia.

Results

Capital World's 3Q earnings halve to $6.5 mil on lower revenue, higher expenses

SINGAPORE (May 8): Capital World, the property developer formerly known as Terratech Group, reported earnings of RM19.2 million ($6.5 million) for the 3Q ended March, down half from its earnings of RM38.4 million a year ago due to lower revenue and higher

Results

Capital World posts 90% surge in 2Q earnings to $5.9 mil on higher revenue

SINGAPORE (Feb 6): Property developer Capital World, formerly known as Terratech Group, saw its earnings jump 90.2% to 17.4 million ringgit ($5.9 million) for the 2Q ended December, from 9.2 million ringgit a year ago.

Capital World launches Malaysia's largest indoor theme park in Johor

SINGAPORE (Jan 15): Property developer Capital World announced Monday the launch of its Capital City Project in Johor, featuring Malaysia’s biggest theme park concept.

Property

Capital World acquires developer with rights to joint development of Johor township for $20.6 mil

SINGAPORE (Nov 23): Capital World is planning to develop a 207.5-acre township in Johor near Pengerang Integrated Petroleum Complex.

Results

Capital World reports 34% rise in 1Q earnings to $6.4 mil

SINGAPORE (Nov 15): Capital World, formerly known as Terratech Group, reported 1Q18 earnings rose 33.8% to RM19.7 million ($6.4 million) on the back of a 59.5% increase in revenue due to higher percentage of works completed.

Results

Capital World, the former Terratech, posts 63% increase in FY17 earnings to $22.2 mil

SINGAPORE (Aug 28): Capital World, the group formerly known as Terratech which is now into property development, announced FY17 earnings increased 63% to RM70.1 million ($22.2 million) from RM42.9 million in FY16.

Broker's Calls

NRA is ‘overweight’ on this unique property developer

SINGAPORE (June 5): NRA Capital is “overweight” on Capital World with 25.5 cents target price given the stock is trading at close to the land value of Capital City.
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