Latest news with #PangTseFui
The Star
15-05-2025
- Business
- The Star
Aneka Jaringan wins RM50.54mil piling and earthworks contract
Aneka Jaringan Holdings Bhd managing director Pang Tse Fui KUALA LUMPUR: Aneka Jaringan Holdings Bhd 's wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, secured a RM50.54mil contract from Clement Chan Architect on behalf of Kuala Lumpur Metro Property Sdn Bhd. In a filing with Bursa Malaysia, Aneka said the contract was to undertake earthworks, piling, and sub-structure works for a 62-storey mixed development on Jalan Sultan Ismail, Kuala Lumpur. The contract starts on June 2, 2025 and is scheduled for completion by Dec 1, 2026. Aneka expects the contract to contribute positively to its consolidated earnings and net assets for the financial years ending Aug 31, 2025, 2026 and 2027, during the duration of the contract. 'This award underscores our proven track record in handling complex, high-density urban developments. With a solid order book and our continuous focus on execution excellence, we are confident this project will further elevate our position in Malaysia's construction landscape,' managing director Pang Tse Fui said in a statement. The award raises Aneka Jaringan's total project wins to RM150.06mil year-to-date as of May 15.
New Straits Times
15-05-2025
- Business
- New Straits Times
Aneka Jaringan wins RM50.54mil contract
KUALA LUMPUR: Aneka Jaringan Holdings Bhd has bagged a RM50.54 million contract to undertake earthworks, piling and sub-structure works for a proposed mixed development project. The company said its subsidiary Aneka Jaringan Sdn Bhd has received and accepted a letter of award (LoA) from Clement Chan Architects on behalf of Kuala Lumpur Metro Property Sdn Bhd to undertake the project. The scope of work encompasses extensive foundational and structural works for a 62 storey serviced apartment and hotel tower situated atop a 10 storey podium. The building will house various commercial and hospitality facilities including restaurants, retail spaces, car park levels and mechanical and electrical (M&E) services. "This project marks a significant milestone for Aneka Jaringan as it expands its portfolio of high-rise urban developments in key commercial districts," it said. Aneka Jaringan managing director Pang Tse Fui said the contract underscores its proven track record in handling complex, high-density urban developments. "With a solid order book and our continuous focus on execution excellence, we are confident this project will further elevate our position in Malaysia's construction landscape," said Pang. The construction is scheduled to commence on June 2, 2025 and is expected to be completed by December 1, 2026. The contract brought Aneka Jaringan's total project wins year-to-date to RM150.06 million as at May 15.
New Straits Times
22-04-2025
- Business
- New Straits Times
Aneka Jaringan Q2 earnings surge sixfold to RM749,000
KUALA LUMPUR: Aneka Jaringan Holdings Bhd posted a net profit of RM749,000 for the second quarter of 2025 (2Q25), up from RM121,000 in the same period last year. Revenue rose 23.5 per cent to RM66.96 million from RM54.22 million a year ago, supported by stronger contributions from ongoing projects and improved execution efficiency in both Malaysia and Indonesia. Aneka Jaringan said it will closely monitor the ongoing uncertainty in the global trade environment and take appropriate steps to minimise its impact. "The group maintains its cautiously optimistic outlook for its financial performance in the financial year ending Aug 31, 2025," it said. Its managing director Pang Tse Fui said the profitability reflects the resilience of their operations and the successful delivery of key projects in both Malaysia and Indonesia. "With RM146.43 million in revenue achieved in just the first half of the financial year, we are well on track to deliver a better performance compared to the previous year. "Backed by a healthy order book and disciplined cost management, we remain focused on executing our projects efficiently while continuing to pursue strategic contract wins to drive sustainable long-term growth," he said in a statement. As of Feb 28, 2025, Aneka Jaringan's order book stood at RM198.97 million, bolstered by RM99.03 million in new projects secured year-to-date. Its share price closed 3.85 per cent higher at 13.5 sen, giving the company a market capitalisation of RM90 million.
The Star
22-04-2025
- Business
- The Star
Aneka Jaringan on track for stronger FY25
Aneka Jaringan Holdings Bhd managing director Pang Tse Fui KUALA LUMPUR: Aneka Jaringan Holdings Bhd is well on track to deliver a stronger performance this financial year, having already recorded RM146.43mil in revenue for the first half, surpassing the pace set in the previous year. 'Backed by a healthy order book and disciplined cost management, we remain focused on executing our projects efficiently while continuing to pursue strategic contract wins to drive sustainable long-term growth,' managing director Pang Tse Fui said in a statement. The basement and foundation construction specialist's order book stood at RM198.97mil as at Feb 28, backed by RM99.03mil in new projects secured year-to-date — signalling a healthy pipeline that is set to support earnings visibility through financial year ending Aug 31, 2025 (FY25) and beyond. In the second quarter ended Feb 28 (2Q25), Aneka Jaringan's net profit surged to RM749,000, or earnings per share of 0.11 sen, bringing its first-half net profit to RM2.9mil, or 0.43 sen. Revenue rose 23.5% to RM66.9mil in 2Q25, lifting total revenue for the first six months to RM146.4mil. 'We are pleased to have delivered another quarter of profitability, supported by solid revenue growth and improving margins. This reflects the resilience of our operations and the successful execution of our core projects both in Malaysia and Indonesia,' Pang said. Looking ahead, Aneka Jaringan remains cautiously optimistic about the construction industry. Despite challenges like global supply chain issues and rising costs, the group is staying focused on efficient operations, using technology to boost productivity, and bidding for key infrastructure and urban projects. 'With a clear growth strategy and solid financial fundamentals, Aneka Jaringan is confident in maintaining its positive performance trajectory for the remainder of the financial year.'
