4 days ago
- Business
- New Straits Times
HSS Engineers bullish about FY2025, beyond due to projects diversification
KUALA LUMPUR: HSS Engineers Bhd remains optimistic about its growth outlook for the financial year ending Dec 31, 2025 (FY25) and beyond, as it ramps up efforts to expand and diversify its project portfolio across various sectors and international markets.
HSS Engineers said it had increased its involvement in emerging, high-growth industries to widen its sectoral reach, while continuing to maintain a strong foothold in its core infrastructure areas including highways, roads, rail, ports and water systems.
It also highlighted the rapid growth of the data centre industry, projecting continued momentum in this space, driven by supportive government policies and strong foreign investment.
"Concurrently, the group's tech-based subsidiary HSS Propick Technologies Sdn Bhd (HSS Propick), a provider of artificial intelligence (AI) powered drone solutions, is undertaking an expansive telco tower digitalisation project for one of Southeast Asia's largest telco tower companies.
"HSS Propick encapsulates the group's focus on innovation, harnessing its deep-rooted engineering expertise to deliver AI-powered infrastructure solutions," it added.
HSS Enegineers said it is poised to play a key role in Sarawak's fast-paced industrialisation, with its local associate company HSS Alliance (Sarawak) Sdn Bhd, nearing substantial growth as it positions itself as a trusted one-stop engineering partner for the state's large-scale infrastructure transformation.
HSS Engineers executive vice chairman Tan Sri Ir. Kuna Sittampalam said it had demonstrated agility by adapting its business model to meet the rapidly evolving engineering needs of various industries.
"Building on our success in AI-powered drone solutions to data centres and solar power generation, we are rapidly expanding our capabilities to take a leading role in emerging industries that are set to reshape the region.
"Our timely diversification strategy will pave the way for sustainable growth and long-term value creation," he said.
During the annual general meeting, Kuna reaffirmed that the company's robust RM2.1 billion order book will ensure earnings visibility for the next eight years, reinforcing the momentum gained from its record-high net profit of RM25.2 million in the financial year ended 31 December 2024 (FY2024).
The order book comprises major projects such as the Pan Borneo Highway Sabah Phase 1A, Westport 2 Expansion Development, Klang Valley Double Tracking (KVDT) Phase 2, East Coast Rail Link (ECRL), Jajaran Rel Selangor Kita, as well as numerous water infrastructure and data centre developments across Malaysia, along with several international projects.
It continues to maintain a solid tender book worth RM475 million as it actively seeks new opportunities both locally and overseas.
