PTT Synergy Group Bhd has secured a significant earthworks and ancillary works contract worth RM35.88 million from Sime Darby Property Bhd, marking another milestone in the company’s construction portfolio.
According to a filing with Bursa Malaysia, the contract has been awarded to PTT Synergy’s wholly owned subsidiary, Pembinaan Tetap Teguh Sdn Bhd. The scope of work involves comprehensive earthworks and supporting construction activities for the Bandar Bukit Raja Business Park, located in Kapar, Klang. The project is part of Sime Darby Property’s ongoing development efforts to expand commercial and industrial infrastructure in the region.
The pre-possession phase of the project is scheduled to begin on December 18, 2025, with full possession commencing on January 5, 2026. The project is expected to reach completion by September 4, 2027, providing PTT Synergy with a clear timeline for delivery and operational planning.
The company noted that the award of this contract will not impact its share capital or the holdings of substantial shareholders for the financial years ending June 30, 2026, through June 30, 2028. While the letter of award is not anticipated to have a material effect on PTT Synergy’s net assets, the project is expected to provide a positive contribution to the group’s earnings over the contract period.
“This contract further reinforces PTT Synergy’s capability in handling large-scale earthworks projects and demonstrates our ongoing commitment to delivering quality infrastructure solutions,” the company said in its filing. “We remain focused on operational excellence and timely delivery to support Sime Darby Property’s ambitious development plans.”
Following the announcement, PTT Synergy’s shares closed unchanged at RM1.37 on Tuesday, giving the company a market capitalisation of RM599.46 million. The stock has recorded a 22.3% gain year-to-date. Meanwhile, Sime Darby Property also closed at RM1.37, with a market value of RM9.32 billion, though its shares have declined 18.9% so far this year.
This new contract adds to PTT Synergy’s growing order book and strengthens its presence in Klang Valley, where industrial and commercial property development continues to attract significant investment. The group’s expertise in earthworks and supporting infrastructure positions it well to benefit from ongoing construction demand in Malaysia’s expanding property sector.
