Latest news with #AzamJayaBerhad
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Daily Express
07-08-2025
- Business
- Daily Express
Azam Jaya gets RM120 million Tawau airport contract
Published on: Thursday, August 07, 2025 Published on: Thu, Aug 07, 2025 Text Size: Yang Berbahagia Datuk Jessica Lo, Executive Director of Azam Jaya, stated, 'As a proud Sabah-grown company, we are honoured to be entrusted with this important project that supports the State's ongoing infrastructure development. TAWAU: Sabah-based major road infrastructure construction player, Azam Jaya Berhad via its wholly-owned subsidiary, Pembinaan Azam Jaya Sdn Bhd, has received the Letter of Acceptance (LOA) from the Ministry of Transport Malaysia for a RM120.9 million contract for the upgrading works for Tawau Airport in Sabah. Under the LOA, Azam Jaya will undertake the project on a design and build basis, including preliminaries, design, construction of terminal buildings and associated works. The contract spans over 3 years, commencing from 22 August 2025, with completion expected by 17 August 2028. Advertisement The upgrading works at Tawau Airport represent a strategic initiative by the government to enhance the airport's capacity, operational efficiency, and overall service delivery. Located on the southeast coast of Sabah, Malaysia, Tawau Airport serves as a vital gateway for both domestic and international travellers. As one of only two airports in the state equipped with immigration counters for international arrivals, Tawau Airport plays a crucial role as a key transit hub in the region. In 2024, the airport ranked as the eighth busiest in Malaysia, handling close to 2.0 million passenger movements, which is a clear reflection of its growing significance in the nation's aviation network. With passenger traffic increasing significantly in recent years, the ongoing upgrades are timely. These improvements are expected to elevate the comfort and experience of travellers while supporting the region's tourism growth and economic development. Advertisement The latest contract will further strengthen Azam Jaya's unbilled order book, which stood at RM1.42 billion as of 31 March 2025, providing healthy earnings and cash flow visibility through to 2028. Azam Jaya's ongoing project portfolio also includes few work packages under the Pan Borneo Highway. These projects are expected to make a growing contribution to the Group's performance as they progress in the coming quarters. Yang Berbahagia Datuk Jessica Lo, Executive Director of Azam Jaya, stated, 'As a proud Sabah-grown company, we are honoured to be entrusted with this important project that supports the State's ongoing infrastructure development. The upgrading of Tawau Airport will not only enhance regional connectivity but also help accommodate the increasing demand for international travel to Sabah's east coast.' 'This contract is a valuable addition to our project portfolio and reinforces the trust placed in our ability to deliver large-scale developments. It also complements our ongoing involvement in the Pan Borneo Highway and further strengthens our footprint across Sabah.' 'With funding allocation for Sabah remaining a priority under Budget 2025, we believe there will be more opportunities to support the State's development. At the same time, we are actively exploring expansion into Sarawak and the Kalimantan region as part of our long-term strategy to broaden our geographical reach. As we scale up, our focus remains on building a strong and sustainable project pipeline. The RM61.5 million raised from our IPO will be used to strengthen our construction capabilities and scale up our operations, allowing us to take on larger, more complex projects and support the long-term growth of our order book.' To recap, Azam Jaya was listed on the Main Market of Bursa Securities on 11 November 2024 under the stock name AZAMJAYA and stock code of 5329. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
06-08-2025
- Business
- The Star
Tawau Airport to get RM120.9mil upgrade
KOTA KINABALU: Sabah-based major road infrastructure construction player Azam Jaya Berhad has received a Letter of Acceptance (LOA) from the Transport Ministry for a RM120.9mil contract to upgrade Tawau Airport. Under the LOA, Azam Jaya, through its wholly-owned subsidiary Pembinaan Azam Jaya Sdn Bhd, will undertake the project on a design and build basis. This includes preliminaries, design, and construction of terminal buildings and associated works. The contract spans three years, commencing on Aug 22, with completion expected by Aug 17, 2028. According to the company, the upgrading works at Tawau Airport represent a strategic initiative by the government to enhance the airport's capacity, operational efficiency, and overall service delivery. Located on the southeast coast of Sabah, Malaysia, Tawau Airport serves as a vital gateway for both domestic and international travellers. As one of only two airports in the state equipped with immigration counters for international arrivals, Tawau Airport plays a crucial role as a key transit hub in the region. In 2024, the airport ranked the eighth busiest in Malaysia, handling close to two million passenger movements, reflecting its growing significance in the nation's aviation network. The company stated that with passenger traffic increasing significantly in recent years, the ongoing upgrades are timely. These improvements are expected to elevate the comfort and experience of travellers while supporting the region's tourism growth and economic development. This latest contract will further strengthen Azam Jaya's unbilled order book, which stood at RM1.42bil as of March 31, 2025, providing healthy earnings and cash flow visibility through to 2028. Executive Director of Azam Jaya, Datuk Jessica Lo, said as a proud Sabah-grown company, they were honoured to be entrusted with this important project that supports the state's ongoing infrastructure development. She noted that the upgrading of Tawau Airport will not only enhance regional connectivity but also help accommodate the increasing demand for international travel to Sabah's east coast. "This contract is a valuable addition to our project portfolio and reinforces the trust placed in our ability to deliver large-scale developments," she said, adding that it also complements their ongoing involvement in the Pan Borneo Highway and further strengthens their footprint across Sabah. "With funding allocation for Sabah remaining a priority under Budget 2025, we believe there will be more opportunities to support the state's development," Lo added. In October last year, Transport Minister Anthony Loke announced that the upgrading of Tawau Airport would begin early 2025 at a cost of about RM130mil, with completion expected in three years. Sixteen companies were shortlisted for the project at that time, with the government in the process of selecting a main contractor.
Yahoo
15-04-2025
- Business
- Yahoo
With A Return On Equity Of 7.9%, Has Azam Jaya Berhad's (KLSE:AZAMJAYA) Management Done Well?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Azam Jaya Berhad (KLSE:AZAMJAYA). Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Our free stock report includes 3 warning signs investors should be aware of before investing in Azam Jaya Berhad. Read for free now. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Azam Jaya Berhad is: 7.9% = RM13m ÷ RM161m (Based on the trailing twelve months to December 2024). The 'return' is the income the business earned over the last year. That means that for every MYR1 worth of shareholders' equity, the company generated MYR0.08 in profit. Check out our latest analysis for Azam Jaya Berhad One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. The limitation of this approach is that some companies are quite different from others, even within the same industry classification. You can see in the graphic below that Azam Jaya Berhad has an ROE that is fairly close to the average for the Construction industry (8.5%). That isn't amazing, but it is respectable. While at least the ROE is not lower than the industry, its still worth checking what role the company's debt plays as high debt levels relative to equity may also make the ROE appear high. If so, this increases its exposure to financial risk. To know the 3 risks we have identified for Azam Jaya Berhad visit our risks dashboard for free. Virtually all companies need money to invest in the business, to grow profits. The cash for investment can come from prior year profits (retained earnings), issuing new shares, or borrowing. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the debt used for growth will improve returns, but won't affect the total equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. While Azam Jaya Berhad does have some debt, with a debt to equity ratio of just 0.87, we wouldn't say debt is excessive. Its ROE isn't particularly impressive, but the debt levels are quite modest, so the business probably has some real potential. Conservative use of debt to boost returns is usually a good move for shareholders, though it does leave the company more exposed to interest rate rises. Return on equity is useful for comparing the quality of different businesses. A company that can achieve a high return on equity without debt could be considered a high quality business. If two companies have around the same level of debt to equity, and one has a higher ROE, I'd generally prefer the one with higher ROE. Having said that, while ROE is a useful indicator of business quality, you'll have to look at a whole range of factors to determine the right price to buy a stock. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. So you might want to check this FREE visualization of analyst forecasts for the company. Of course Azam Jaya Berhad may not be the best stock to buy. So you may wish to see this free collection of other companies that have high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
