Tuju Setia, the Group, is tendering for RM2.8 billion worth of projects to build high-rise and industrial buildings, as well as hospitals and healthcare facilities.
Despite the higher prices of building materials such as steel and concrete, Tuju Setia’s Managing Director Mr. Wee Eng Kong said there were still active tenders for essential buildings such as residential, hospitals, and healthcare facilities.
Managing Director Mr. Wee Eng Kong said: Our expertise is in constructing high-rises, especially in the range of affordable to premium residential and commercial buildings that are located strategically in areas to fulfill strong demand. Our last two recent wins from Sunway reflect this demand.”
Tuju Setia’s RM1.5 billion current order book includes the recent wins of RM257 million Jernih Residence (Kajang) secured on 20 June 2022 and the RM311.7 million Sunway d’hill Residence (Petaling Jaya) won on 30 December 2021.
Other ongoing projects are Mutiara Central Office Suites (Cheras), Riana Dutamas – Phase 2 (Segambut), Lakefront Condominiums at Emerald Hills (Cheras), TUAI Residence (Setia Alam), The Pulse Residence (Puchong), 121 Residence (Petaling Jaya), One Equine (Seri Kembangan), and the Kajang Women and Children Hospital.
At the Annual General Meeting, shareholders approved the final dividend of 0.5 sen per share in respect of FY2021, with ex-date on 5 July 2022 and payment date on 20 July 2022. Together with the first interim dividend of 0.5 sen paid on 20 January 2022, the total dividend payout in respect of FY2021 would amount to RM3.2 million or 39.0% of FY2021 net profit. This exceeds Tuju Setia’s dividend policy to distribute 25% of the annual net profit.
