Southern Score updates: What does the future hold?

Just yesterday, Southern Score Builders Berhad (SSB8) announced that its wholly-owned subsidiary Southern Score Sdn. Bhd. With Smart Advance Resources Sdn. Bhd.A general contracting project agreement worth RM315 million was signed. The news has attracted the attention of many investors, and everyone is speculating about the future of SSB8 next.

Southern Score Builders Berhad is a construction management specialist for high-rise residential buildings and civil infrastructure. The company's management has over 30 years of experience in the construction and development industry. The Group holds a G7 license issued by the Malaysian Construction and Industry Development Board (CIDB) and has a track record of nearly 15 years of performance. The company uses an asset-light and flexible construction management model. By outsourcing construction work, the company provides scalability and a more streamlined balance sheet while reducing risk.

Under the agreement, SSB8 will act as the general contractor to develop three residential apartment buildings in Setapak, Kuala Lumpur, including:

● Building A: 198 free residential units on floors 8 to 36;

● Building B: 358 free residential units on floors 8 to 37;

● Building C: 238 affordable residential units with 8 to 37 floors;

● 8-story parking building;

● 8-story facility building and swimming pool;

● 1 doorman's room;

● 1 11kV National Energy Company main switching station.

If you take a closer look, SSB8 has also begun to get involved in energy-related construction, which also suggests that they will acquire SJEE Engineering Sdn. Bhd. More diversified contracts are likely to be obtained.

This project raised SSBB's total outstanding orders to approximately RM1.4 billion, greatly enhancing revenue visibility for the next few years. Yan Yuheng, SSBB's executive director and CEO, said, “This victory is definitely a huge incentive for us. This is our second contract this year. With the largest single contract we received in February 2024,This brings our total contracts to RM933 million in 2024。”

Additionally, Southern Score Builders Berhad's acquisition plan for SJEE is still well underway. This will further enhance the company's market position and ability to expand its business.

Overall, Southern Score Builders Berhad will continue its strong growth momentum over the next few years with new project contracts and future acquisition plans.

- Wolf Pen