UEM EDGENTA SEES DOUBLE-DIGIT GROWTH

Firm eyeing more jobs in Singapore, Taiwan and Malaysia this year

UEM Edgenta Bhd expects sustained earnings growth this year and onwards, buoyed by existing and new jobs.

The integrated facility manager and engineering contractor services provider is confident of securing more jobs locally and in the region to replenish its current work in hand, which currently stands at RM13.4 billion.

The jobs that have been secured and potentially more to come are expected to help sustain UEM Edgenta’s earnings growth this year onwards at a consistent double-digit rate.

UEM Edgenta managing director and chief executive officer Datuk Azmir Merican said the company was optimistic of securing

more jobs in Singapore, Taiwan and Malaysia this year.

“We work towards increasing our market share in healthcare support services in Singapore while in Taiwan, we are targeting growth by upselling new services.

“On the home front, we are strategically looking into crossselling and capitalising on the synergies among our business divisions,” he said after UEM Edgenta’s annual general meeting, here, yesterday.

Singapore’s public healthcare sector was undergoing a restructuring process, which would provide long-term contract opportunities for UEM Edgenta, he added.

Healthcare support and infrastructure services divisions have been the major driver of UEM Edgenta’s profitability, with 90 per cent contribution to its revenue and profit.

The 848km North-South Expressway is a testament to UEM Edgenta’s asset and facility management capability in offering a holistic and complete lifecycle approach for highways.

Azmir said this year the company aimed to register doubledigit growth in profitability and deliver sustainable dividends to its shareholders.

“We will achieve through organic and stable revenue growth, as well as margin expansion initiatives, such as automation and mechanisation,” he said.

UEM Edgenta had allocated RM118.8 million in capital expenditure for automation and mechanisation to further improve efficiency and reduce costs, he added.

Azmir said UEM Edgenta was also open to the idea of making another merger and acquisition move to help boost its profitability.

However, it has not been in talks with any company on potential acquisitions.