KUALA LUMPUR: Electrical engineering solutions provider HE Group is eyeing an order book of RM300 million in financial year 2026, up from its current order book of about RM100 million, on the back of Malaysia’s data centre boom, said managing director Haw Chee Seng.
He said the group’s tender book currently stands at RM850 million, with more than 80% comprising data centre-related projects.
“We can secure much higher-value contracts now that we have Main Market status. This gives investors more confidence, and it also makes it easier for us to raise funds, including sukuk, especially if we pursue PFI (private finance initiative) projects. This will help strengthen our order book,” he said at the transfer listing to Main Market of Bursa Malaysia Bhd on Friday.
Haw said with the booming data centre sector as well as infrastructure projects and green energy, the company believes the environment next year will be favourable. “I think next year, the performance of our company will be better than this year.”
Over the past year, Haw said, it has broadened its participation in Malaysia’s digital infrastructure landscape, particularly in the data centre segment.
He pointed out that HE Group recently secured a RM56.6 million data centre project in Cyberjaya in August. “This project marks a key step in our efforts to support the growing requirements of global and regional operators seeking reliable, scalable and well supported locations for their facilities in Malaysia.”
At the same time, Haw said, it has continued to develop their capabilities in the renewable energy sector. “Our involvement in a sixty-three megawatt peak large scale solar development reinforces our contribution to Malaysia’s clean energy transition.”
He said this initiative positions HE Group to participate more actively in the growing pipeline of solar and green infrastructure projects under the country’s long term energy plans.
“Our focus remains on sustainable value creation, continuous innovation and operational excellence. We are strengthening our internal capabilities and expanding our ability to support critical infrastructure projects that are aligned with Malaysia’s economic transformation,” he added.
The transfer came less than two years after HE Group’s ACE Market debut on Jan 30, 2024. The group said the rapid progression to the Main Market reflects the group’s momentum, financial strength and operational performance, positioning it to compete for larger contracts and attract a broader base of institutional investors.
HE Group opened weaker on Friday following the completion of its transfer to the Main Market of Bursa Malaysia.
The stock made its Main Market debut at 36.5 sen, slipping 0.5 sen or 1.35% from its previous closing price of 37 sen on the ACE Market. Early trading was muted, with 140,000 shares changing hands at the open.
