Focus and Strategies for 2024 Manufacturing Division Property Development Division Construction Division Execution of projects in hand Leverage on the diversi ed construction services track record to bid for new public and private sector projects Undertake in-house projects Bid for precast products orders from Singapore and Malaysia markets, including those in relation to MRT line, rail line and private sector IBS orders Expansion of production line On-going development of Phase 2 of Bukit Bayu, Selangor, and 100 trees @ Seri Alam, Johor Launching of a service apartment project in Johor with GDV of RM300 million Development planning of land bank in hand PROSPECTS AND OUTLOOK The Group has an estimated construction and manufacturing balance order book of approximately RM2.0 billion and RM0.3 billion respectively as at 31 December 2023, contributed by numerous construction contracts and manufacturing orders. The balance order book is expected to keep the Group busy for the next 2 to 3 years. As in any business, the Group is subject to various challenges and risks. Please refer to pages 64 to 66 of this Annual Report for nature of the key risks and the Group’s control measures to mitigate the risks. Our on-going projects and sales orders comprises contracts secured from, amongst other, Samling Resources Sdn Bhd, Eco World Development Berhad Group, UEM Sunrise Bhd Group, S P Setia Bhd Group and China Communications Construction Company Ltd. Our on-going projects and sales orders include the following: (a) The SSRL Project for a contract sum of RM0.78 billion. The estimated completion period of the project is year 2026; (b) Design and build project for 1 block of service apartment and amenities in Johor for a contract sum of RM98.85 million. The estimated completion period of the project is year 2026; and (c) Few sales orders for the supply of IBS components and tunnel lining segments (“TLS”) to Singapore MRT project. The estimated completion period of these sales orders is year 2026. The Board is cautiously optimistic that the construction sector of Malaysia and Singapore will remain positive in 2024, thus offer order book replenishment prospects. 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 2024 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. MANAGEMENT DISCUSSION AND ANALYSIS 023 Annual Report 2023
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