Construction firms to benefit from Malaysia’s infrastructure spending

Malaysia, Slider 16 Apr 2018
Construction firms to benefit from Malaysia’s infrastructure spending

Construction companies like HSS Engineers Bhd, TRC Synergy and Econpile Holdings Bhd are among the construction companies that stand to benefit from government spending on infrastructure projects.

Rakuten Trade Sdn Bhd vice-president (research) Vincent Lau told StarBiz that the different packages of work for the Pan-Borneo Highway in Sabah, the East Coast Rail Link (ECRL), and MRT 3 would be rolled out soon.

“The Pan-Borneo Highway in Sabah alone is about RM27bil,” Lau spoke at a Rakuten Trade Expresso Workshop 2018 in Penang.

On top of government jobs, these companies also have sizeable order books.

“HSS Engineers has a combined order book of RM742mil, providing earning visibility for the next three years.

“The tender book is worth RM500mil,” Lau said.

TRC has an order book of RM2.5bil, which includes contracts from LRT 3 (RM760mil) and MRT Line 2 packages (RM348mil), according to Lau.

“This provides them earning visibility for the next two to three years.

“Econpile has secured new contracts worth RM442mil for the 2018 financial year, increasing its order book to RM1.3bil,” Lau said.

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