MANAGEMENT DISCUSSION AND ANALYSIS CONSTRUCTION DIVISION PROPERTY DEVELOPMENT DIVISION MANUFACTURING DIVISION FOCUS AND STRATEGIES FOR 2022 • Focus in the execution of projects in hand • Leverage on the diversified construction services track record to bid for new public and private sector projects • Undertake in-house projects • Focus in the production of orders in hand • Bid for orders from Singapore and Malaysia markets, including those in relation to MRT line, rail line and private sector IBS orders • Expansion of production line • Development of 60 units of semi-detached houses in Johor with GDV of RM61 million • Launching of 16 units of bungalows in Selangor with GDV of RM37 million • Development planning of land bank in hand and in the pipeline Our on-going projects and sales orders comprises contracts secured from, amongst other, Samling Resources Sdn Bhd, Exyte Malaysia Sdn Bhd, UEM Sunrise Bhd Group, Sunway Iskandar Sdn Bhd, S P Setia Bhd Group and Eng Lee Engineering Pte Ltd. Our on-going projects and sales orders include the following: (a) The main works for Construction And Maintenance Of Sarawak-Sabah Link Road Construction Project (Lawas-Long Lopeng Junction) for a contract sum of RM0.78 billion. The estimated completion period of the project is year 2025; (b) Main building works for 1 block of commercial building and 1 block of apartments at Medini Iskandar, Mukim Pulai, Daerah Johor Bahru, Johor at a contract sum of RM164 million. The estimated completion period of the project is year 2022; (c) Main building works for 2 blocks of apartments in Selangor for a contract sum of RM204.40 million. The estimated completion period of the project is year 2023; (d) The supply of pre-cast concrete pipes to selective packages under Singapore Deep Tunnel Sewerage Phase 2 project for S$15.57 million. The estimated completion period of the project is year 2023; and (e) The supply of pre-cast concrete components to a resort project, sports centre project, train testing centre and Changi Airport related project at combined contract value of S$38.85 million. The estimated completion period of these sales orders is year 2023. The Group will continue to bid for projects and sales orders in order to replenish the Group’s order book and contribute positively to the Group’s result in 2022 and beyond. The Group’s track record in the industries that it operates in, and extensive experience in our business, coupledwith the support from bankers, are good supporting factors for the Group to bid for and execute future projects. The Group expects some tender opportunities from the following public sector projects in 2022: (i) Phase 2 of Pan Borneo Highway Sarawak; (ii) Autonomous Rapid Transit (ART) Sarawak; (iii) Johor-Singapore Rapid Transit System; (iv) Central Spine Road; (v) Some hospitals projects; and (vi) Affordable housing projects Further, the Group’s construction arm will undertake construction works for inhouse property developments projects. Meanwhile, the Group will be selective and remain cautious in the bidding of other private sector projects, to mitigate credit risks. K imlun Corporat ion Berhad Regi s t rat ion No. 200901023978 (867077-X) 23
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