Latest news with #TechStoreBhd
The Sun
3 days ago
- Business
- The Sun
TechStore kicks off FY25 with RM14m turnover, RM109m order book
PUCHONG: Enterprise IT services provider TechStore Bhd delivered a turnover of RM14.0 million in the first quarter (Q1) ended March 31, 2025 (FY25), mainly from its maintenance and support services segment that accounted for 85.2% of the top line. This included the provision of hardware, software and professional services for Intelligence Supervisory Control and Data Acquisition (Scada) system, supply of Internet of Things (IoT) module and expander modules, and the supply of cameras and network video recorders. There are no comparative figures for the preceding corresponding quarter and year-to-date results, as this is the second interim financial report being announced in compliance with the ACE Market Listing Requirements of Bursa Malaysia. Net profit for the quarter came in at RM1.0 million, which included RM0.9 million of one-off listing expenses. Managing director Tan Hock Lim said the company started the year on a firm note, backed by its healthy order book of RM109.1 million as of March 31, 2025, encompassing enterprise IT services for the government agencies and major infrastructure projects such as the LRT3 and the RTS Link. 'Subsequently, on May 8, 2025, we secured another new ICT maintenance contract from the Home Ministry valued at RM15.9 million, further strengthening our project portfolio. 'Our teams are focused on the successful execution of our ongoing projects. At the same time, we are actively pursuing new project opportunities, especially those larger-scale, more complex transportation projects in Penang and Johor. 'Our job pipeline remains strong, supported by a tender book valued at RM772.0 million as of 30 April 2025,' Tan said. The group maintains a positive outlook, underpinned by Malaysia's accelerating digital transformation and growing demand for enterprise IT services in the public and infrastructure sectors. TechStore's customised, localised solutions and strong market presence in these segments position the group well for continued growth. Meanwhile, at the macro level, the group's operations remain largely unaffected by international trade tariffs due to its domestic focus. To recap, TechStore raised RM25.0 million in funds from its listing on the ACE Market of Bursa Malaysia on February 18, 2025.
The Star
08-05-2025
- Business
- The Star
TechStore wins RM16mil government job
PETALING JAYA: TechStore Bhd's wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has secured a RM15.9mil contract from the Home Affairs Ministry. In a statement, the enterprise IT services provider said the contract involves providing maintenance and support services for the software and hardware of information communication technology (ICT) to the Royal Malaysian Police. The contract will further strengthen the group's order book, which already includes enterprise IT services for Malaysian government agencies, as well as major infrastructure projects such as the RTS Link between Malaysia and Singapore. As of Dec 31, 2024, TechStore's project pipeline remained strong, supported by a tender book valued at RM647.2mil.
The Star
08-05-2025
- Business
- The Star
TechStore secures RM15.9mil contract from Home Affairs Ministry
KUALA LUMPUR: TechStore Bhd's wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has secured a RM15.9mil contract from the Ministry of Home Affairs. In a statement, the enterprise IT services provider said the contract involves providing maintenance and support services for the software and hardware of information communication technology (ICT) to the Royal Malaysian Police. The contract will further strengthen the group's order book, which already includes enterprise IT services for Malaysian government agencies, as well as major infrastructure projects such as the LRT3 and the RTS Link between Malaysia and Singapore. 'At TechStore, we are committed to supporting the nation's progress toward a digital transformation economy by providing critical IT security and automation solutions that are localised and customised to meet our customers' needs — covering the full spectrum from consultation and assessment to solution design, hardware and software procurement, implementation, as well as maintenance and support,' TechStore managing director Eugene Tan said. As of Dec 31, 2024, TechStore's project pipeline remains strong, supported by a tender book valued at RM647.2mil.
The Sun
08-05-2025
- Business
- The Sun
Techstore secures RM15.9m ICT maintenance deal from Home Ministry
PUCHONG: Enterprise IT services provider TechStore Bhd, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has accepted a letter of award (LoA) from the Ministry of Home Affairs to provide maintenance and support services for the software and hardware of information, communication, and technology (ICT) to the Royal Malaysian Police for RM15.9 million. TechStore managing director Eugene Tan Hock Lim said the home ministry entrusted the company with critical ICT maintenance services, reflecting its proven capabilities in enterprise IT solutions and commitment to delivering reliable and responsive support services. 'We remain focused on upholding the highest standards of service quality to support the operational efficiency of key government agencies,' he said in a statement. The LoA will further strengthen the group's order book, which currently encompasses enterprise IT services for Malaysian government agencies, as well as major infrastructure projects such as the LRT3 and the RTS Link between Malaysia and Singapore. 'At TechStore, we are committed to supporting the nation's progress toward a digital transformation economy by providing critical IT security and automation solutions that are localised and customised to meet our customers' needs — covering the full spectrum from consultation and assessment to solution design, hardware and software procurement, implementation, as well as maintenance and support,' Tan said. TechStore's project pipeline remains robust, supported by a tender book of RM647.2 million as of Dec 31, 2024. The group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects. Meanwhile, given the group's domestic focus, TechStore's operations are not materially affected by international trade tariffs. To recap, TechStore was listed on the ACE Market of Bursa Malaysia on Feb 18, 2025 and has successfully raised a total of RM25.0 million in proceeds. Tan said group's strengthening track record in the public and infrastructure sectors continues to enhance its market presence and position it to secure larger and more complex projects.
