Southern Score Builders Bhd’s robust growth strategy is supported by two growth drivers namely demand for the company’s core construction management services and the sourcing of new project opportunity in high-rise and infrastructure, said Executive Director and Chief Executive Officer (CEO) Gan Yee Hin in a press statement on Thursday.
The CEO added that in 2024, the company secured two projects totalling RM933.2 million, boosting its order book to RM1.3 billion and providing strong earnings visibility for the next three to four years.
According to the CEO, the healthy demand for the builder’s core construction management services is a testament to its effective project execution and commitment to timely delivery. Upon this foundation, Southern Score can strategically target new opportunities in high-rise building and infrastructure projects.
The construction management specialist company concluded its 21st Annual General Meeting (AGM) on Dec 12.
Speaking after the AGM, the CEO noted, “Looking ahead, the outlook of the Malaysian construction continues to be bright. As reported by the Department of Statistics Malaysia, the value of construction work in Malaysia rose by an impressive 19.1% year-on-year, reaching RM116.8 billion in the first three cumulative quarters of 2024.”
Meanwhile, the company’s proposed acquisition of SJEE Engineering Sdn Bhd, a mechanical and electrical (M&E) specialist, is in the final stages and is expected to be completed by December 2024. Upon completion, it would equip Southern Score with another engine of growth and cement the company’s strong foothold in the rapidly growing data centre and healthcare construction markets.
Southern Score is a G7 license holder led by veteran builders with more than 30 years of experience in the construction and development industries. It adopts an asset-light and flexible construction management model via outsourcing of construction work that provides scalability and leaner balance sheet while lowering risk exposures. The company was successfully listed on the Ace Market of Bursa Malaysia since 2022.
