The stock is still trading above its 200-day EMA, so the trend looks healthy. It’s now testing the 20 and 50-day EMAs. If it holds up, we could see it move toward 55.5 cents next, and maybe even 59.0 cents if the momentum carries through

SkyWorld Development posted a stronger Q2 FY2026, with revenue rising to RM86.7 million from RM74.6 million in the previous quarter, while PBT jumped to RM9.6 million and PAT doubled to RM7.9 million, mainly driven by higher progressive revenue from Vesta Residences and contributions from the new SkyAman 1 Residences launch. The new launch also lifted unbilled sales to RM589 million from RM483.1 million last quarter, showing solid demand. The Company remains financially healthy with RM320.9 million cash and low net gearing of 0.2x, and it declared a first interim dividend of 0.22 sen per share.

The stock closed at RM0.525 and is rebounding from the RM0.510 trendline, which has held well before. It’s still in an overall uptrend, trading above the 200-day EMA and now testing the 20/50-day EMAs. RSI is recovering but MACD is still weak, so some short-term consolidation is possible. If momentum improves, targets are RM0.555 and RM0.590. A break below support invalidates the bullish view.
Entry: RM0.515–0.525
Stop Loss: RM0.470
Target: RM0.555–0.590
Source: Mercury Securities Research (12 Nov 2025)

SkyWorld has shown strong support around 51 cents and is in an upward trend after breaking out of a consolidation pattern in July. While the stock’s medium-term uptrend looks likely to continue, short-term indicators are mixed—RSI shows recovery, but the MACD suggests a possible consolidation phase before a stronger rebound.