Latest news with #RM500mil
The Star
8 hours ago
- Business
- The Star
OCK targets bigger FY26 earnings from contracts
Phillip Capital Research said FY25 has been a challenging year due to sluggish order book replenishment. PETALING JAYA: OCK Group Bhd 's earnings in financial year 2026 (FY26) could surpass that of FY25 as it bids for more contracts to replenish its order book in the near-to-medium term. Phillip Capital Research said FY25 has been a challenging year due to sluggish order book replenishment following the completion of major projects such as Malaysia's first 5G network and Jendela Phase 1. OCK's RM250mil order book is led by telecommunication network services (62%), mechanical and electrical (30%), with RM1.5bil in activice bids. It said U Mobile Sdn Bhd intends to co-share about 160 existing towers with OCK, which is expected to enhance infrastructure efficiency and support the expansion of network capacity. The 5G infrastructure collaboration covers the deployment of towers, in-building coverage and related services with potential contract value exceeding RM500mil.
The Star
5 days ago
- Business
- The Star
Gabungan AQRS poised for rebound on potential job wins
PETALING JAYA: Gabungan AQRS Bhd is expected to see improved earnings ahead, supported by the rollout of major infrastructure and property projects, following weaker results for the nine months ended March 31, 2025 (9M25). According to RHB Research, the group could benefit from potential job wins linked to the reinstatement of five Light Rail Transit 3 stations, due to its prior experience working on the Shah Alam Stadium and Glenmarie stations. It is also poised to gain from Phase 1B of the Pan Borneo Highway in Sabah, where its 49%-owned SEDCO Precast Sdn Bhd is a contender to supply precast components worth an estimated RM400mil to RM500mil. The formation of new property joint ventures, such as the Serena Gambang project in Pahang, may further boost earnings. RHB Research noted that, as of today, the group has an outstanding construction order book of RM335mil, which the research house described as 'reasonable at this juncture, as job awards have yet to pick up.' Meanwhile, its Johor Baru development, The Peak, may gain traction due to its proximity to the Johor Baru–Singapore Rapid Transit System Link station. The group has unbilled property sales of RM191mil. In the third quarter of financial year ending June 30, 2025 (3Q25), Gabungan AQRS posted a net loss of RM7.88mil, or a basic loss per share of 1.45 sen. This compared with a net profit of RM3.18mil, or a basic earnings per share of 0.58 sen, in the same quarter last year. Revenue also dropped from RM66.96mil to RM41.08mil during the quarter. For 9M25, the group recorded a net loss of RM16.13mil, compared to a net profit of RM16.91mil in the same period last year. Revenue also dipped from RM376.05mil to RM151.31mil. The negative deviation was due to a weaker-than-expected property division and higher-than-estimated sales costs. While Gabungan AQRS' results missed the research house's forecasts, they exceeded street expectations, accounting for 56% and 115% of the respective full-year projections. Following the results, RHB Research trimmed its FY25 to FY27 earnings forecasts by 14%, 10% and 13%, factoring in slower property revenue recognition and more conservative cost assumptions. 'We also take the opportunity to ascribe a lower target price-to-earnings (PE) (ratio) of eight times, as Gabungan AQRS' remaining orders have not been replenished at the same pace as that of peers,' it added. Nonetheless, RHB Research maintained a 'buy' call on the group, with a revised target price of 33 sen. 'Given the plethora of catalysts and its track record in infrastructure projects like Mass Rapid Transit 1 and Sungai Besi-Ulu Klang Elevated Expressway, the stock remains undervalued relative to peers, trading more than two standard deviations below its five-year mean PE – which justifies our firm 'buy' call,' it added.
The Star
5 days ago
- Business
- The Star
Malaysia aims to be top logistics hub
Putting plans in action: Tengku Zafrul (second from left) at the groundbreaking ceremony of the SCC MY project in Bukit Raja, Klang. — KK SHAM/The Star KLANG: Malaysia is now one step closer to its dream of becoming Asean's premier logistics and trade hub with the groundbreaking of the Supply Chain City Malaysia (SCC MY) project, says Tengku Datuk Seri Zafrul Abdul Aziz. To be built by Singapore-based supply chain and logistics conglomerate YCH Group in partnership with Sime Darby Property, the RM500mil valued project will see the construction of a modern smart logistics facility in Bandar Bukit Raja. The Investment, Trade & Industry Minister (Miti) said SCC MY will include state-of-the-art automation and AI-driven logistics systems, almost never seen before in the country. 'Combined with planned sustainability solutions, this project is set to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. 'This facility will elevate Malaysia's logistics industry to a new level of global competitiveness,' he said in his speech at the project's groundbreaking ceremony here yesterday. Tengku Zafrul also revealed that the project will help train local talent for these automated systems with the integration of Singapore's LEARN ecosystem through collaboration with Singapore's Supply Chain and Logistics Academy (Scala). 'This will ensure our local hired talents are equipped with higher-end skills while future-proofing our supply chain ecosystem,' he said. Tengku Zafrul also said SCC MY is the first project under the New Industrial Master Plan 2030 (NIMP 2030) and is a testament to increasing regional cooperation in Asean. 'This project embodies the spirit of innovation, collaboration and resilience that defines our nation and the region while also being a testament to our commitment to fostering sustainable growth and regional integration. 'The government, through Miti and other relevant agencies, stands ready to support this endeavour and ensure its success,' he added. YCH Group executive chairman Robert Yap said SCC MY would set new standards of logistics excellence in the country. 'We are dedicated to training local talent, empowering them with essential skills to support Malaysia's journey to become a preferred destination for global businesses,' he said. Yap also revealed that the project will integrate sustainable solutions to its operations like renewable energy through the use of solar panels across its entire rooftop of the facility. He added that YCH will also look to invest in local start-ups and help integrate them into SCC MY's planned logistics ecosystem. Sime Darby Property group managing director and chief executive officer Datuk Seri Azmir Merican said the project will strengthen and bring much needed innovation to local supply chain infrastructure. 'YCH brings a strong regional portfolio that will strengthen Bandar Bukit Raja as a strategic point in the regional supply chain network. 'This project is a timely example of much-needed cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth. 'Through our collaboration, we hope to strengthen trade linkages, support innovation and contribute meaningfully to broader regional priorities,' he said.
The Star
6 days ago
- Business
- The Star
YCH Group's smart logistic hub in Klang seen as boost to regional connectivity
From left: YCH Group Malaysia country general manager Ryan Yap, Malaysian Investment Development Authority CEO Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid, YCH Group executive chairman Dr Robert Yap, Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, Singapore Acting High Commissioner to Malaysia Shivakumar Nair, ASEAN-BAC, Malaysia Chapter chairman Tan Sri Nazir Razak and Sime Darby Property group managing director & chief executive officer Datuk Seri Azmir Merican during the groundbreaking ceremony of YCH's RM500mil Supply Chain City Malaysia. SHAH ALAM: Singapore-based supply chain management and logistics company, YCH Group's RM500 million Supply Chain City Malaysia (SCC MY), a smart logistic complex in Bandar Bukit Raja, Klang, is expected to serve as a key enabler of regional connectivity. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the hub which would be completed within the next two-and-a-half years is the first project under Malaysia's New Industrial Master Plan 2030 (NIMP 2030) which aimed to accelerate industrial transformation through advanced supply chain solutions and logistics innovation. He said as Malaysia cements its role as ASEAN's preferred investment destination, the logistics sector plays a critical role in driving the nation's industrial and trade growth. He was confident that SCC MY would align with the vision of NIMP 2030 and the ASEAN Smart Logistics Network (ASLN) by strengthening connectivity, enhancing trade efficiency and optimising supply chain operations. "In 2024, Malaysia achieved a significant RM378.5 billion in approved investments, a 14.9 per cent increase from the previous year. These investments, spanning 6,700 projects, will create over 207,000 new jobs for Malaysians. "Such figures highlight not only the confidence global investors have in Malaysia but also our ability to navigate economic uncertainties with strength and agility," he said during SCC MY's groundbreaking ceremony here today. Tengku Zafrul said the project which will integrate LEARN ecosystem, in collaboration with Singapore's Supply Chain and Logistics Academy (SCALA), will ensure the local logistics talent is equipped with the necessary skills and expertise to thrive in an evolving industry. He noted that this project also offers the potential for the adoption of smart logistics solutions, further enhancing efficiency and transparency in supply chains, aligns with national agenda to embrace the digital economy and leverage technology for economic advancement. "This initiative reflects our national commitment to building a high-skilled workforce that can support Malaysia's transformation into a regional logistics powerhouse. "Beyond its technological advancements, the project is also expected to offer both skilled and semi-skilled job opportunities, further strengthening Malaysia's SMART Warehouse and logistics ecosystem," he said. - Bernama
The Star
6 days ago
- Business
- The Star
Malaysia moves closer to becoming Asean's logistics hub, says Tengku Zafrul
KLANG: The groundbreaking of the Supply Chain City Malaysia (SCC MY) project brings Malaysia a step closer to becoming Asean's premier logistics and trade hub, says Tengku Datuk Seri Zafrul Aziz. Built by Singapore-based YCH Group in partnership with Sime Darby Property, the RM500mil project will feature a modern smart logistics facility in Bandar Bukit Raja. The Investment, Trade & Industry Minister said SCC MY will include state-of-the-art automation and AI-driven logistics systems, rarely seen in the country. "Combined with planned sustainability solutions, this project will accelerate industrial transformation through advanced supply chain solutions and logistics innovation." "This facility will elevate Malaysia's logistics industry to a new level of global competitiveness," he said at the project's groundbreaking ceremony on Thursday (May 29). He added that the project will train local talent for these automated systems by integrating Singapore's Learn ecosystem in collaboration with Singapore's Supply Chain and Logistics Academy (Scala). "This will ensure our local hired talents are equipped with higher-end skills while future-proofing our supply chain ecosystem," he said. Tengku Zafrul also said SCC MY is the first project under the New Industrial Master Plan 2030 and demonstrates increasing regional cooperation in Asean. "This project embodies the spirit of innovation, collaboration, and resilience that defines our nation and the region." "It is a testament to our commitment to fostering sustainable growth and regional integration." "The Government, through MITI and other relevant agencies, stands ready to support this endeavour and ensure its success," he added. YCH Group executive chairman Robert Yap said SCC MY would set new standards of logistics excellence in the country. "We are dedicated to training local talent, empowering them with essential skills to support Malaysia's journey to become a preferred destination for global businesses," he said. Yap revealed that the project would integrate sustainable solutions into its operations, like renewable energy, using solar panels across the entire rooftop of the facility. He added that YCH would also invest in local startups and help integrate them into SCC MY's planned logistic ecosystem. Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican said the project will strengthen and bring much-needed innovation to local supply chain infrastructure. "YCH brings a strong regional portfolio that will strengthen Bandar Bukit Raja as a strategic point in the regional supply chain network." "This project is a timely example of much-needed cross-border collaboration, aligning with the region's shared focus on economic integration, sustainable and inclusive growth." "Through our collaboration, we hope to strengthen trade linkages, support innovation, and contribute meaningfully to broader regional priorities," he said.
