MANAGEMENT DISCUSSION AND ANALYSIS Our ongoing projects and sales orders comprises contracts secured from, amongst other, Samling Resources Sdn Bhd, Exyte Malaysia Sdn Bhd, UEM Sunrise Bhd Group, S P Setia Bhd Group and China Communications Construction Company Ltd. Our ongoing 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 2 blocks of apartments in Selangor for a contract sum of RM204.40 million. The estimated completion period of the project is year 2023; (c) The supply of pre-cast concrete pipes to Singapore Deep Tunnel Sewerage Phase 2 project for S$23.92 million. The estimated completion period of the sales orders is year 2025; and (d) The supply of pre-cast concrete sleepers and tunnel lining segments (“TLS”) to Singapore MRT project at aggregate contract value of S$40.18 million. The estimated completion period of these sales orders is year 2026. 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 2023 and beyond. The Group’s track record in the industries that it operates in, and extensive experience in our business, coupled with the support from bankers, are good supporting factors for the Group to bid for and execute future projects. Malaysia Construction Sector The Group expects some tender opportunities from the following public sector projects in 2023: • Phase 2 of Pan Borneo Highway Sarawak; • Autonomous Rapid Transit (ART) Sarawak; • Johor-Singapore Rapid Transit System; • Road upgrading works in Johor; • Klang Valley MRT Line 3; and • Affordable housing projects. Further, the Group’s construction arm will undertake construction works for in-house property developments projects as detailed in the ensuing section of this report. Meanwhile, the Group will be selective and remain cautious in the bidding of other private sector projects, to mitigate credit risks. Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 25
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