UUE Holdings bags RM92.4m cable installation contracts from Komasi Engineering
UNDERGROUND utilities specialist UUE Holdings Bhd has secured contracts worth RM92.4 million from Komasi Engineering Sdn Bhd, a long-standing client.
The deals include three new contracts and a RM13 million variation contract renewal, all related to the installation, testing, and commissioning of 11kV and 33kV underground cables within Tenaga Nasional Bhd's distribution network in Malaysia's east coast and southern regions.
The renewed contract is expected to complete by June 2026, while the new contracts span two years with a one-year extension option.
These awards bring UUE's total order wins for 2025 to RM184.5 million. –TMR
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The Star
a day ago
- The Star
UUE hits 3-month high on RM92.4mil job wins
KUALA LUMPUR: UUE Holdings Bhd 's shares rose to their highest level in over three months in early Wednesday trade after the company secured RM92.4mil worth of underground cable contracts. The underground utilities engineering solutions group added one sen, or 1.32%, to 76.5 sen at 9:39 a.m. — its highest level since mid-February. Year-to-date, however, the counter has declined about 14.04%. UUE's wholly-owned subsidiary, Kum Fatt Engineering Sdn Bhd has renewed its contract with Komasi Engineering Sdn Bhd, and secured three additional contracts from the same company, bringing the total contract value to RM92.4mil. The renewed contract encompasses the installation, testing and commissioning of 11 kilovolts (kV) underground cables within Tenaga Nasional Bhd 's distribution network and accessories for asset development in Malaysia's east coast region, for an additional contract value of RM13mil. Meanwhile, the three new contracts from Komasi Engineering, worth RM79.4mil, entail the installation, testing, and commissioning of 11kV and 33kV underground cables and accessories within the TNB distribution network in Malaysia's east coast and southern regions. For the financial year ended Feb 28, UUE posted a higher net profit of RM23mil, up from RM15.9mil a year earlier, while revenue rose to RM170mil from RM125.7mil previously. Earnings per share came in at 4.50 sen, compared with 3.30 sen in the preceding year.
The Star
2 days ago
- The Star
UUE secures contracts worth RM92.4mil from Komasi Engineering
KUALA LUMPUR: UUE Holdings Bhd's wholly-owned subsidiary, Kum Fatt Engineering Sdn Bhd has renewed its contract with Komasi Engineering Sdn Bhd, and secured three additional contracts from the same company, bringing the total contract value to RM92.4 million. The renewed contract encompasses the installation, testing and commissioning of 11 kilovolts (kV) underground cables within Tenaga Nasional Bhd 's (TNB) distribution network and accessories for asset development in Malaysia's east coast region, for an additional contract value of RM13 million. The project is targeted for completion by June 2026, UUE said in a Bursa Malaysia filing today. Meanwhile, the three new contracts from Komasi Engineering, worth RM79.4 million, entail the installation, testing, and commissioning of 11kV and 33kV underground cables and accessories within the TNB distribution network in Malaysia's east coast and southern regions. "These contracts are part of TNB's asset development initiatives, with a contract period spanning two years from the first issuance of the notice to start work. The contracts also include an option for a one-year extension,' it said. The contracts lift UUE's total order wins in calendar year 2025 to RM184.5 million. UUE managing director Datuk Dr Ting Kok Hwa said looking ahead, the group is committed to enhancing its business track record via exemplary execution of the contracts, which will allow UUE to secure more orders in the national energy infrastructure upgrade and development agenda. - Bernama
Malaysian Reserve
2 days ago
- Malaysian Reserve
UUE Holdings bags RM92.4m cable installation contracts from Komasi Engineering
UNDERGROUND utilities specialist UUE Holdings Bhd has secured contracts worth RM92.4 million from Komasi Engineering Sdn Bhd, a long-standing client. The deals include three new contracts and a RM13 million variation contract renewal, all related to the installation, testing, and commissioning of 11kV and 33kV underground cables within Tenaga Nasional Bhd's distribution network in Malaysia's east coast and southern regions. The renewed contract is expected to complete by June 2026, while the new contracts span two years with a one-year extension option. These awards bring UUE's total order wins for 2025 to RM184.5 million. –TMR
