AME Elite Consortium profile: parks, land and contracts

AME Elite Consortium Bhd (腾宇集团; Bursa: AME, 5293) is an industrial park developer and builder based in i-Park @ Senai Airport City, Johor. It started in 1995 as a construction services provider and listed on Bursa Malaysia's Main Market on 14 October 2019. It now develops parks in Johor, Penang and Selangor, builds factories for other owners, rents out factories and workers' dormitories, and holds about half of AME Real Estate Investment Trust (AME REIT).

As of 10 November 2026

• Latest full year: revenue RM970.0 million and net profit RM284.0 million in the year to 31 March 2026, both records. Revenue for April to June 2026 was RM195.7 million
• Property sales: RM453.6 million of new sales in Johor and RM137.3 million at Northern TechValley @ BKE in the year to March 2026, with RM402.1 million of Johor sales still to be billed
• Land bank: 295.3 acres left in September 2026, before three purchases still to complete: 31.8 acres in Senai, 176.5 acres in Pontian and 402.1 acres at Gerbang Nusajaya through a 50:50 joint venture
• Building for others: RM485.7 million of outside construction and engineering work at 30 June 2026, before a RM120 million job for Baltimore Aircoil in Nilai
• Rental side: more than 9,000 dormitory beds, 68% average occupancy, and 46 leased industrial units

Its parks

Northern TechValley @ BKE, beside the Butterworth-Kulim Expressway in Seberang Perai Tengah, is its first park in Penang. It is a 50:50 joint venture with Majestic Gen, with a gross development value (GDV) of RM1.3 billion, RM1.1 billion of it still to sell at 31 March 2026. i-Park @ Coalfields in Ijok is a partnership with KLK Land (GDV RM1.3 billion, to 2033), i-TechHub has a GDV of RM400 million, and the Gerbang Nusajaya park with UEM Sunrise has an estimated GDV of RM4 billion.

Contract log

Newest first; outside construction and engineering jobs, one line each.

• 27 Oct 2026 — RM120m, single-storey detached factory, two-storey office and support buildings for BAC Malaysia in Kawasan Perindustrian Nilai, from project owner Rock Link Sdn Bhd; October 2026 to December 2027. Bursa · our report
• Feb 2026 — RM214.1m, aeronautical test cell facility for KLIA Aeropolis Sdn Bhd, a Malaysia Airports unit, in Sepang; February 2026 to January 2027. Annual report
• Year to March 2026: new outside contracts worth RM678.5 million in all

Corporate log

Newest first; land, joint ventures and property sales.

• 30 Oct 2026 — 50:50 joint venture with UEM Sunrise to buy 402.106 acres at Gerbang Nusajaya for RM972.1m (RM55.50 psf) for a RM4b industrial park. Bursa · our report
• 10 Sep 2026 — agrees to buy 28 freehold parcels, 176.45 acres, in Mukim Jeram Batu, Pontian, for RM199.8m, about RM26 psf (our calculation); completion due in the first half of 2027. Bursa
• 22 Jul 2026 — preview launch of i-Park @ Coalfields, Ijok. Annual report
• 30 Jun 2026 — completes the sale of three industrial properties to AME REIT for RM100.8m. Bursa
• 18 Mar 2026 — completes the purchase of 151.2 acres of freehold land in Ijok, Selangor, for i-Park @ Coalfields. Bursa
• 6 Mar 2026 — agrees to buy two freehold plots, 31.82 acres, in Mukim Senai, Kulai, from Nice Frontier Sdn Bhd for RM101.2m, about RM73 psf (our calculation). Bursa
• Dec 2025 — five factories at i-TechValley sold to CapitaLand Malaysia Trust for RM220.8m. our report
• Year to March 2026 — 34.9 acres at i-TechValley sold for a data centre for RM209.8m. Annual report
• 2024 — Northern TechValley @ BKE launched at a GDV of RM1.3b. our report
• Sep 2022 — AME REIT lists on Bursa Malaysia
• Oct 2019 — AME Elite lists on the Main Market

Update log

• 10 Nov 2026 — Profile created after the RM120m Baltimore Aircoil job, from our four AME stories and its filings to this date.