Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Too many developments in Suria for next 10 to 15 years. Just Jesselton Dockland and quay projects will have revenue of at least Rm900 millions plus or average of 60+ millions a year with 33% profit will contribute Rm20 millions a year in the future.
This is where price will move—not waiting until 2029:
🔥 Phase 1 (2026)
Final approval (LoN)
Gas supply agreement
👉 First breakout trigger
🔥 Phase 2 (2026–2027)
EPCC contract award
Construction start
👉 Strong uptrend phase
🔥 Phase 3 (2028–2029)
Plant completion
Earnings contribution
👉 Fundamental support phase
Project: Kimanis 100 MW Gas Peaking Plant
Developer: Suria Capital Holdings (via SCES subsidiary)
Partner: Innoprise (Yayasan Sabah)
Location: Kimanis, Sabah
👉 In July 2025, Suria received an Initial Letter of Notification (ILoN) from Sabah Energy Commission (ECOS)
Strong breakout scenario:
👉 Could happen earlier if any of these occur:
Concession extension announced
Strong quarterly earnings beat
High dividend surprise
So When Will Uptrend Start?
Base case (most realistic):
Accumulation phase: Now – mid 2026
Uptrend starts:
👉 2H 2026 (Q3–Q4) when:
Earnings improve
DP World contribution becomes visible
4. Concession extension (VERY BIG catalyst)
Ongoing negotiation for 30-year port concession extension � suriagroup.com.my
➡️ If confirmed:
Removes long-term risk
Can trigger major rerating
📌 Timing: any announcement = immediate price jump
