He Group Aims For Better Results Next Year On Rising Data Centre Demand

KUALA LUMPUR, Nov 21 (Bernama) -- Electrical engineering service provider HE Group Bhd aims to improve the group’s financial performance next year, driven by rising demand for data centres in Malaysia and optimism after its transfer to Bursa Malaysia’s Main Market today.

Based on its bourse filing earlier, the company posted a lower net profit of RM3.44 million for the third quarter ended Sept 30, 2025 (3Q 2025), compared to RM4.62 million in the same period last year, while revenue fell to RM32.3 million in 3Q 2025 from RM58.9 million previously.

HE Group managing director Haw Chee Seng said the group’s revenue was impacted as the market adopted a “wait and see” approach to gain a clearer understanding of the United States tariff.

“Besides our data centre, we will position ourselves in the green energy sector and infrastructure projects. With the country’s (economic) growth, we will tap into this opportunity. 

“We hope that we will have more jobs after we transfer to Bursa Malaysia’s Main Market today,” he told a press conference following the company’s move to the Main Market here today.

Meanwhile, Haw said HE Group’s tender book currently amounts to RM850 million, with more than 80 per cent comprising data centre-related projects, including a data centre project secured in August in Cyberjaya, Selangor, worth RM56.6 million. 

bootstrap slideshow

In his speech, he said the project marks a key step in their efforts to support the growing requirements of global and regional operators seeking reliable, scalable and well-supported locations for their facilities in Malaysia. 

“This illustrates both the strength of our industry position and the positive trajectory of Malaysia’s data centre expansion, driven by accelerating cloud adoption, digital transformation and sustained investor interest,” he said.

This morning, HE Group opened lower at 36.5 sen on the Main Market, a discount of half a sen from 37 sen on its last day on the ACE Market, with 140,000 shares traded.

Haw said that with the Main Market status, the company can now operate from a stronger platform by enhancing its visibility, broadening its reach to institutional investors and opening new opportunities for strategic growth.

“More importantly, it signals our readiness to compete at a higher level and to play a meaningful role in Malaysia’s digital and industrial development,” he said.

-- BERNAMA