KUALA LUMPUR: Sarawak-based technology solutions provider Insights Analytics Bhd is bidding for four active tenders worth RM27.8 million, mainly for water sector projects.
Insights Analytics managing director Frank Wee said it is working on small-scale pilot implementations of its proprietary technologies before full deployment.
“Beyond conventional bidding, we are focusing on implementing proof-of-concept and proof-of-value projects. If those prove successful, we could potentially qualify for a waiver of tender and proceed via direct negotiation with the government. That’s an opportunity we’re actively eyeing, especially for technologies that are uniquely ours,” he told a press conference after the company’s debut on the ACE Market of Bursa Malaysia Securities today.
Wee explained, “These figures fluctuate, tenders come and go, depending on what’s available and whether the margins make sense for us.”
Wee is optimistic of its growth prospects, supported by rising demand for smart water management systems and Malaysia’s accelerating digital transformation agenda.
The company believes it is well-positioned to capitalise on national and state-led initiatives that aim to modernise the country’s water infrastructure, strengthen digital resilience, and promote sustainable urban development.
Wee said the company’s solutions are directly aligned with government programmes such as the National Non-Revenue Water Programme (2025-2030), the Sarawak Alternative Water Supply Initiative, the Water Sector Transformation 2040 and Sarawak’s RM20 billion Smart Water Infrastructure Blueprint.
“These long-term initiatives are creating a strong pipeline of projects for the water industry.
With our proven technology and track record, Insights Analytics is well positioned to play a meaningful role in supporting Malaysia’s water transformation and digitalisation goals,” said Wee.
In line with its expansion strategy, Insights Analytics will acquire a new corporate office in Kuching, featuring a mini data centre to strengthen its digital infrastructure and service capacity.
The mini data centre will provide clients, especially small and medium enterprises, with a hybrid or cloud-based platform to host and manage their software and applications.
“Our goal is to empower more organisations to adopt digital solutions without the burden of managing hardware or in-house IT infrastructure,” he said, adding that the mini data centre will help them deliver greater flexibility, reliability, and value to their customers.
Beyond Sarawak, Insights Analytics is expanding its presence in Peninsular Malaysia to capture new opportunities in water and digital infrastructure projects nationwide.
Insights Analytics raised RM43.56 million from its public issue of 121 million new shares at an issue price of 36 sen per share.
The company’s shares opened at 62 sen compared to the initial public offering (IPO) price of 36 sen per share, a premium of 72%. The counter closed at 65.5 sen, 29.5 sen or 81.94% above the IPO price.
The IPO included an offer for sale of 27.5 million existing shares to Bumiputera investors approved by the Investment, Trade and Industry Ministry via private placement.
Of the total proceeds, RM22.2 million (50.9%) will be utilised as working capital for ongoing and upcoming projects, RM9 million (20.7%) for strategic investments and acquisitions, RM4.4 million (10.1%) to develop a new corporate office and data centre in Sarawak, RM1.86 million (4.3%) to expand IT operations, and RM1.21 million (2.8%) for its West Malaysia branch office. The remaining RM4.9 million (11.2%) has been earmarked to defray listing expenses.
At an IPO price of 36 sen per share, Insights Analytics’ market capitalisation stood at RM198 million upon listing, based on its enlarged share capital of 550 million shares.
M& ASecurities Sdn Bhd is the adviser, sponsor, underwriter and placement agent for the IPO exercise.
