Kuala Lumpur News

Solarvest, EXAL Partner

Solarvest Holdings Berhad has partnered with EXAL Group to integrate clean energy infrastructure into EXAL’s developments in Sarawak.
As part of EXAL’s SÓLCARE sustainability initiative, the collaboration will include rooftop solar PV systems and green EV charging stations, aiming to reduce carbon footprints and promote renewable energy adoption.
EXAL has also signed an MoU with GreenRE, Malaysia’s premier green certification body, ensuring its projects meet international green building standards. GreenRE-certified homes can achieve up to 50% reductions in energy consumption, offering cost savings and environmental benefits.
The partnership underscores Sarawak’s commitment to sustainable real estate, aligning with Malaysia’s National Energy Transition Roadmap (NETR) 2030. Key stakeholders, including Padawan Municipal Council and Maybank representatives, attended the signing ceremony, reinforcing financial support for eco-conscious housing through green home financing solutions.

SCIB Reports Strong Growth

Sarawak Consolidated Industries Berhad (SCIB) has posted a financial turnaround in Q2FY2025, recording RM49.83 million in revenue and a 55.32 per cent increase in profit before tax (PBT) to RM2.38 million.
The company attributes this growth to strong performances in its Manufacturing and Construction/EPCC segments, improved project execution, and operational efficiencies.
SCIB’s Manufacturing division generated RM30.67 million in revenue, while the Construction/EPCC segment rebounded with RM19.16 million, compared to RM9.33 million in Q2FY2024.
The company also secured RM69.2 million in Islamic banking facilities to support expansion and recently acquired 9.84 hectares of land in Bintulu for future development.
SCIB remains optimistic about growth opportunities in Malaysia’s infrastructure sector, positioning itself to benefit from major government-led projects under Budget 2025, including the Sabah-Sarawak Link Road (SSLR) and the North Coastal Highway.

Systech Reports Record Growth

Systech Bhd. posted 197 per cent revenue growth in Q3 FY2025, reaching RM23.998 million, driven by strategic acquisitions and expansion in its Corporate Solutions segment. The company also reported a turnaround in profit before tax (PBT) to RM1.165 million, compared to a loss of RM0.943 million in Q3 FY2024.
Quarter-on-quarter, revenue grew 41% from RM17.022 million in Q2 FY2025, while PBT surged from RM0.376 million to RM1.165 million. Systech’s recent Memorandum of Collaboration (MoC) with Permodalan Kedah Berhad and Tujuh Warisan Sdn. Bhd. aims to drive AI-powered data centre development, technology parks, and green energy projects in Kedah.
As of 26 February 2025, Systech’s share price closed at RM0.255, with a market capitalisation of RM164.3 million.

Hektar REIT Grows Revenue

Hektar REIT recorded an 11.9 per cent revenue increase to RM124.8 million for FYE2024, driven by portfolio diversification and strategic asset management. Net Property Income (NPI) rose 4.7 per cent to RM62.9 million, supported by income from Kolej Yayasan Saad (KYS) Melaka and steady rental contributions from its retail portfolio.
The REIT declared a final income distribution of 1.25 sen per unit, bringing the total FYE2024 distribution to 3.15 sen per unit. To strengthen long-term income, Hektar REIT is expanding into non-retail assets on a triple-net lease basis, with its recent industrial acquisition in Bayan Lepas, Penang marking its entry into the sector.
Subang Parade is undergoing a major repositioning, focusing on tenant remixing and infrastructure upgrades. Sustainability efforts include solar panel installations and replacement of aging facilities to improve operational efficiency. The retail portfolio ended the year with 86 per cent committed occupancy, securing new tenants such as Chagee, Padi House, and The Store (Segamat Central).

Propel Global Posts Stable Revenue

Propel Global Berhad reported RM28.3 million in revenue for Q2 FY2025, reflecting sector-specific challenges and timing factors in revenue recognition. The Oil & Gas (O&G) segment remained the primary driver, generating RM21.4 million, a 15.58 per cent increase from Q2 FY2024, with profit before tax (PBT) rising to RM3.4 million.
The Technical Services (TS) segment saw revenue decline to RM2.9 million, compared to RM15.6 million in Q2 FY2024, due to completed projects, resulting in a loss before tax (LBT) of RM3.1 million. The ICT segment expanded, contributing RM4.1 million in revenue and RM2.7 million in PBT, highlighting successful diversification efforts.
Overall, the Group recorded an LBT of RM1.5 million, impacted by lower TS revenue and one-off costs. Despite this, Propel Global remains financially stable, with total equity of RM99.9 million as of 31 December 2024, and expects future growth from Petronas’ RM60 billion capital expenditure plans and Malaysia’s sustainability initiatives.

Samaiden Reports Record Revenue

Samaiden Group Berhad recorded its highest-ever quarterly revenue of RM80 million in Q2 FY2025, marking a 62.1 per cent increase from RM49.4 million in the previous quarter. The surge was driven by progress on ongoing projects and the commencement of large-scale solar initiatives. Profit before tax (PBT) rose 50.4 per cent to RM6.6 million, while profit after tax (PAT) increased 42.4 per cent to RM4.7 million.
For the six months ended 31 December 2024, Samaiden achieved RM129.4 million in revenue, reflecting a 36.3 per cent year-on-year growth. The company has also secured a 99.99 MW large-scale solar (LSS) project in Kelantan, further strengthening its long-term earnings outlook.
With an order book of RM515.68 million, Samaiden remains well-positioned for continued growth as Malaysia accelerates its renewable energy transition, targeting a 70 per cent RE mix by 2050.

Flexidynamic Reports Strong Growth

Flexidynamic Holdings Berhad recorded RM20.95 million in revenue for Q4 FY2024, a 142.1 per cent increase from RM8.65 million in Q4 FY2023. The growth was driven by higher demand for system and equipment upgrades in the glove industry and contributions from infrastructure projects, particularly mechanical and electrical works at Loji Rawatan Air Chupak in Kelantan.
Despite strong revenue performance, the company posted a loss before tax (LBT) of RM0.30 million, impacted by lower margins, expected credit losses, and a one-off subsidiary asset acquisition loss. However, for the full financial year FY2024, profit after tax surged 254.38 per cent to RM1.34 million, supported by a 37.7 per cent rise in revenue to RM52.69 million.
With the U.S. increasing tariffs on China-made medical gloves, Malaysian manufacturers are ramping up production, creating new growth opportunities for Flexidynamic. The company is also advancing plans to offer gamma radiation sterilisation services through its 51 per cent-owned subsidiary, Gammatech Sdn Bhd, targeting sectors beyond gloves, including pharmaceuticals, food processing, and packaging.