ACE Market Debutant Wawasan Dengkil Eyes More Solar Farm Projects

KUALA LUMPUR, March 25 (Bernama) -- Construction services provider Wawasan Dengkil Holdings Bhd, which made its debut on the ACE Market today, plans to expand its business by securing more solar farm infrastructure projects.  

Executive director Lim Soon Yik said the company is targeting solar farm infrastructure works this year, particularly following the announcement of the Large Scale Solar 5 (LSS5) programme in December.  

He said the initiative is part of the company’s broader expansion plan, focusing primarily on solar farm infrastructure as well as earthworks and civil engineering services.

“We have submitted 44 tenders with a total tender value of RM1.3 billion and an estimated tender win rate of 10 per cent,” he told a press conference after Wawasan Dengkil’s listing ceremony here today.

Lim further explained that of the 44 tenders, six tenders worth RM572.2 million are from its solar farm infrastructure works segment while the remaining 38 tenders, valued at RM724.8 million, are from its earthworks and civil engineering services segment.

He also noted that in line with its expansion plan, the company aims to acquire additional machinery and commercial vehicles to enhance project execution efficiency and drive business growth.

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“As we continue expanding and capturing more market share, we are also seeking additional talent and manpower, as we are currently facing a shortage of skilled workers.

“Our unbilled order book of RM378.14 million and tender book of RM1.3 billion, as of Jan 28, 2025, provide a healthy project pipeline and earnings visibility,” he said, adding that the company foresees its unbilled order book contributing to its revenue within the next two years.

Wawasan Dengkil, which opened flat at 25 sen, finished the day’s trading at 23 sen with 38.96 million shares changing hands.

-- BERNAMA