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Lifestyle

Reframing Rehabilitation For Modern Lifestyles

For Physiogo, rehabilitation is not simply about treating an injury. It is about restoring something more fundamental: a person’s ability to move confidently, remain independent and participate fully in everyday life. Founder of Physiogo Sdn Bhd – Arif Yusuf. That philosophy is shaping the company’s evolution as it looks at rehabilitation as part of a wider approach to preventive care, recovery and long-term movement health. Physiogo serves a diverse patient base—from athletes recovering from injuries and working professionals managing musculoskeletal conditions to older adults seeking to preserve mobility and independence. Across these groups, the objective remains consistent: helping people regain function and return to the activities that matter to them.   Meeting a Growing Healthcare Need The role of rehabilitation is becoming increasingly relevant as lifestyles and demographics evolve. Sedentary behaviour, musculoskeletal conditions and an ageing population are contributing to greater demand for services that support mobility and independence. At the same time, patients are becoming more conscious of preventive healthcare and are seeking evidence-based, non-invasive approaches to managing physical limitations. Physiogo sees an opportunity to make rehabilitation more accessible while changing perceptions of when and why people seek movement care. Its strategic decisions are guided by three considerations: patient impact, operational efficiency and long-term sustainability. Investment is being directed towards expanding service capabilities, developing healthcare professionals, adopting digital solutions and strengthening partnerships with corporations, educational institutions and community organisations.   Growing Without Compromising Care For Physiogo, growth is not simply measured by the number of locations it operates or the revenue it generates. The company defines progress through its ability to reach more people while maintaining clinical standards, patient experience and quality of care. It deliberately avoids volume-driven expansion or short-term commercial opportunities that could compromise personalised treatment or professional standards. Maintaining that discipline becomes more challenging as the organisation grows. In its earlier stages, communication was direct and leadership had close visibility over daily operations. With scale comes greater complexity in maintaining consistent clinical standards, operational efficiency and organisational culture across different locations. Talent development has consequently become an important priority. Recruiting skilled professionals is only part of the equation; Physiogo also invests in structured training, mentorship and continuous professional development to maintain a consistent evidence-based and patient-centred approach. The company has gradually shifted from a founder-driven operating model towards a more structured organisation supported by standardised procedures, clearer governance, performance monitoring and stronger management capabilities.   Designing Rehabilitation Around Modern Life One of Physiogo’s more distinctive approaches is how it considers the rehabilitation experience itself. Its clinics are deliberately designed to feel contemporary, aesthetically considered and aligned with modern lifestyles rather than resembling a conventional medical environment. The thinking is practical as much as visual. Rehabilitation often requires repeated visits and sustained commitment. Creating an environment patients feel comfortable returning to can contribute to engagement, treatment adherence and the overall experience of recovery. Behind the physical environment sits a less visible layer of clinical discipline. Assessment, individual treatment planning, outcome monitoring and collaboration between therapists form part of each patient’s journey. Physiogo focuses on understanding a person’s condition alongside their lifestyle, objectives and challenges before developing a rehabilitation programme. This is supported by a culture of continuous learning, with therapists sharing knowledge, reviewing clinical outcomes and incorporating evidence-based practices into patient care. For Physiogo, the combination of clinical expertise, empathy and experience is an important differentiator.   Building a Wider Healthcare Role The company’s next phase is centred on becoming an integrated rehabilitation and movement healthcare provider, with a greater role across preventive care, recovery and long-term wellness. Rather than limiting its relationship with patients to individual treatment sessions, Physiogo sees opportunities to create a wider ecosystem connecting clinical care with technology, corporate wellness, community outreach and education. Collaborations with corporations, insurers, educational institutions and healthcare partners are expected to form part of this development, potentially extending access to rehabilitation services to a broader population. Achieving that ambition will also require continued internal transformation. Physiogo is strengthening its leadership pipeline, digital capabilities, data-driven decision-making and organisational systems to support consistent service delivery as it expands. The larger the organisation becomes, the more its performance will depend on strong people, processes and culture rather than individual effort. The direction reflects a wider shift in how rehabilitation can fit into modern healthcare. Movement care need not begin only after an injury or when physical limitations become severe. It can increasingly form part of how people manage their health, mobility and independence throughout different stages of life. For Physiogo, that is where the opportunity lies: making rehabilitation more relevant to the way people live today, while building an organisation capable of supporting how they want to live tomorrow.

ESG

BIG ONION® Builds Beyond Catering For Its Next Phase Of Growth

For BIG ONION®, food may be at the heart of the business, but its ambitions increasingly extend beyond what is served on the plate. The Malaysian company is evolving from its traditional catering base towards a broader ecosystem spanning facilities management, franchise development, central kitchen capabilities and hospitality solutions. The shift reflects a market where clients increasingly expect food service partners to deliver not only quality, but also operational efficiency, consistency and the ability to scale. Managing Director of Big Onion Food Caterer Sdn Bhd – Foo Kuan Liang. BIG ONION® sees this evolution as a response to a fundamental change in the industry: managing food operations today is as much about people, systems and experience as it is about the meal itself.   Building an Ecosystem Around Food One of the gaps BIG ONION® identified early was the shortage of reliable food service partners capable of combining quality with operational efficiency at scale. Clients increasingly needed more than a supplier. They required partners capable of understanding manpower requirements, customer experience, operational consistency and the realities of maintaining service standards across different environments. Those requirements have become more complex as ESG considerations, technology, workforce management and brand experience play a larger role in corporate decision-making. BIG ONION® has responded by broadening its capabilities. Through facilities management and franchise development, the company is looking to create food service ecosystems that can address operational challenges while providing a foundation for longer-term growth. This means thinking beyond individual projects towards systems that can be replicated and scaled.   Growth That Goes Beyond Revenue That approach is also shaping how the company defines growth. For BIG ONION®, becoming bigger is not necessarily the same as becoming stronger. Its focus is increasingly on building a business that can create sustainable value for clients, employees, partners and communities. Operational capability is central to that strategy. As the organisation expands into areas such as facilities management and franchise development, maintaining consistency across a larger network becomes increasingly challenging. Growth introduces complexity in manpower, communication, quality control and decision-making. It has required the company’s leadership to move from being predominantly hands-on operators towards building stronger structures, clearer processes and teams capable of taking greater responsibility. The transition is significant. Leadership in a growing organisation is no longer simply about overseeing daily execution; it is about creating an operating model capable of functioning effectively as the business becomes larger and more diverse.   The Work Behind the Experience Much of BIG ONION®’s competitive strength, it says, happens away from public view. Behind a catering operation, large-scale event, facilities management contract or franchise business sits considerable coordination. Manpower must be deployed, problems resolved quickly, standards maintained and different operational components brought together. The company’s emphasis on adaptability and execution has therefore become an important part of its proposition. Its ability to respond under pressure while maintaining quality and client confidence is supported by the systems, processes and people behind each operation. In this sense, BIG ONION® views its competitive advantage not simply as the food it produces, but the operational ecosystem surrounding it.   Putting Sustainability Into Operations Sustainability is becoming another component of that ecosystem. Over the past 12 to 18 months, BIG ONION® has strengthened ESG practices across its operations, including more efficient resource management, efforts to reduce unnecessary wastage, increased adoption of paperless processes and improvements in operational planning. The company has also invested in systems, process improvements and employee development despite recognising that such investments may not produce immediate returns. It reflects a longer-term view of sustainability—one that connects responsible practices with operational resilience rather than treating ESG as a separate corporate exercise.   Building for Regional Potential BIG ONION®’s next phase will see it work towards becoming a more integrated food, hospitality and facilities management ecosystem with regional potential. Facilities management, franchise development, central kitchen operations, ESG-driven initiatives and strategic partnerships are expected to form important parts of that expansion. But the company acknowledges that external growth will require internal transformation. Greater standardisation, stronger systems, leadership development and digital integration will be necessary if the business is to scale without losing the agility and execution capabilities on which it has built its reputation. For BIG ONION®, the next stage is therefore not simply about entering more markets or adding more services. It is about creating an organisation capable of supporting them. As the food and hospitality industry becomes more complex, the businesses positioned to grow may be those capable of looking beyond individual services and building the infrastructure around them. BIG ONION® is betting its next chapter on exactly that.  

Investment & Market Trends

EPF Adds 441,846 New Members In 1H 2026, Total Hits 18.5 Million

The Employees Provident Fund (EPF) registered 441,846 new members in the first half of 2026 (1H 2026), bringing total membership to close to 18.5 million. In a statement today, EPF said active members — those who contributed at least once in the last 12 months — rose to 10.9 million, improving the active-to-inactive ratio to 59:41. Active employers increased to 645,207 as at June 2026, following 37,265 new employer registrations during the quarter, it added. According to the Department of Statistics Malaysia, the unemployment rate stood at 3.0% in May 2026, with the country’s labour market showing moderate improvement in line with stable economic growth. Employment growth remained steady and unemployment stayed persistently low, even amid ongoing global trade and supply chain uncertainties. Meanwhile, EPF said total contributions rose 8.5% to RM33.87 billion in the second quarter ended June 30, 2026 (2Q 2026), up from RM31.21 billion in 2Q 2025. “For 1H 2026, voluntary contributions continued to gain momentum, increasing to RM14.15 billion. This reflects sustained member participation in voluntary savings, supported by EPF’s digital platforms, which provide members with seamless and convenient access to make voluntary contributions,” it said. EPF said total contributions from i-Saraan grew 15.7% to RM1.33 billion, while the number of Malaysian formal sector members contributing above statutory rates through i-Topup rose 13.9% year-on-year to close to 204,450 for 1H 2026.

Investment & Market Trends

Affin Bank, Baiduri Bank Expand Cross-Border Banking Ties

AFFIN Group (“AFFIN” or “the Group”) and Baiduri Bank, Brunei Darussalam’s largest conventional bank and a member of the Baiduri Bank Group, one of the country’s leading providers of financial products and services, have signed a Memorandum of Understanding (MoU) to expand banking cooperation between Malaysia and Brunei Darussalam and broaden business opportunities for customers in both markets. The partnership brings together AFFIN’s banking capabilities and network in Malaysia with Baiduri Bank’s strong domestic franchise and market expertise in Brunei, establishing a more direct financial corridor for businesses pursuing trade, investment and expansion across the two countries. The MoU was signed by Datuk Wan Razly Abdullah, Ppresident and group CEO of AFFIN Group (seated, left), and Ti Eng Hui, CEO of Baiduri Bank, and witnessed by Ak Nor Muhammad Nizam Pg Haji Tengah, head of institutional banking, Baiduri Bank, and Hasli Hashim, chairman of Affin Hwang Investment Bank Bhd. Under the MoU, both institutions will explore collaboration across commercial and retail banking, financing, trade finance and treasury, as well as investment services including investment banking, stockbroking, asset management and unit trusts. The partnership aims to broaden opportunities to facilitate transaction flows, generate new business and expand access to financial solutions for customers in both markets. The collaboration comes as economic ties between the two neighbouring ASEAN nations continue to deepen. Brunei remains one of Malaysia’s key trading partners, with bilateral trade valued at RM5.8 billion in 2025 and RM2.4 billion in the first half of 2026. Both countries have identified further cooperation across trade and investment, energy, connectivity, agriculture, tourism and the halal economy, alongside closer economic links between Brunei, Sabah and Sarawak, creating a broader commercial landscape for businesses, capital flows and commerce across the region. AFFIN’s trade finance capabilities were recently recognised with the Malaysia Domestic Trade Finance Bank of the Year award at the Asian Banking & Finance Wholesale Banking Awards 2026, as well as Best Trade Finance Bank Malaysia at the Global Banking & Finance Review Awards 2026. The group was also included in the Fortune Southeast Asia 500 for the third consecutive year, underscoring the strength and credibility of the platform it brings to the partnership. Datuk Wan Razly Abdullah, President and Group Chief Executive Officer of AFFIN Group, said Malaysia and Brunei share strong economic and commercial ties, with significant potential to deepen business and investment flows between the two markets. “AFFIN brings together conventional and Islamic banking, investment banking, asset management and wealth under one roof. Combined with Baiduri Bank’s established franchise in Brunei Darussalam, this gives us greater breadth to meet our customers’ financing, investment and wealth needs,” he said. “This MoU creates a platform to expand cross-border connectivity and connect customers to new opportunities. With economic linkages between Malaysia and Brunei Darussalam continuing to grow, including across Borneo, and Visit Brunei Year 2027 on the horizon, we see ample scope to deepen commercial activity and create sustainable value for both institutions,” he added. Ti Eng Hui, Chief Executive Officer of Baiduri Bank, said Brunei and Malaysia already share deep economic, business and people-to-people ties. “As opportunities across Malaysia, in particular Borneo, continue to expand, AFFIN Group and Baiduri Bank are well placed to strengthen those connections and create greater opportunities for businesses and customers in both markets,” he said. The collaboration aligns with the AFFIN Axelerate 2028 (AX28) Plan, which is anchored on three strategic pillars: Unrivalled Customer Service, Digital Leadership, and Responsible Banking With Impact, supporting AFFIN’s ambition to deliver innovative customer propositions and capture new growth opportunities. The MoU was signed by Datuk Wan Razly Abdullah and Ti Eng Hui, and witnessed by Ak Nor Muhammad Nizam Pg Haji Tengah, Head of Institutional Banking at Baiduri Bank, and Hasli Hashim, Chairman of Affin Hwang Investment Bank.

Investment & Market Trends

DXN Invests RM77mil In Brazil Expansion

DXN Holdings Bhd is ramping up its manufacturing presence in Latin America with a new facility in Brazil, where it will invest at least 100 million Brazilian reals (about RM77 million) over five years. In a statement, the wellness products manufacturer said the new facility in Ibiá, Minas Gerais, is expected to become its largest manufacturing base in Latin America, strengthening its ability to serve Brazil and other markets in the region. Latin America is DXN’s largest revenue contributor, accounting for 61.2% of the company’s revenue, or about RM1.2 billion, for the financial year ended Feb 28, 2026. The region had roughly 4.8 million captive consumers as at July 31, underscoring its importance to the company’s long-term growth strategy. DXN Holdings Bhd has announced the groundbreaking of its new manufacturing facility in Ibiá, Brazil, marking a significant step in the Company’s continued expansion of its manufacturing footprint across Latin America. The facility is being built on a 100,745-square-metre site provided by the Municipality of Ibiá under a conditional land donation arrangement. Construction is targeted for completion by September 2029, with production expected to begin by the end of the year. DXN executive director and group chief executive officer Prajith Pavithran said the investment would allow the company to manufacture closer to its customers, improving product availability while shortening supply routes and enabling faster responses to shifts in demand. “This investment reflects our confidence in Latin America and our commitment to building the capabilities needed to support the region’s long-term growth. Once operational, the Brazil facility will provide greater flexibility to develop and introduce products tailored to Brazilian and regional consumer preferences,” he said. DXN said the facility will also strengthen its vertically integrated supply chain, with raw materials sourced from both its own agricultural operations and local suppliers. Among them will be Arabica coffee beans from DXN’s 155.8-hectare plantation in Ibiá, linking the company’s upstream cultivation activities with its downstream manufacturing. According to Ibiá mayor Gillianno Mamao, the facility is expected to create between 200 and 250 direct and indirect jobs. The Brazil investment is part of DXN’s broader RM500 million capital expenditure programme to expand manufacturing capacity across multiple regions. The company currently operates two manufacturing facilities in Mexico and is also developing facilities in Peru and Bolivia. DXN held the groundbreaking ceremony for its Peru facility in September 2025, followed by its Bolivia facility in April this year. With the addition of the Brazil facility, DXN will have a more localised manufacturing network spanning four key Latin American markets, which could help reduce supply chain lead times and offer greater flexibility to tailor products to regional demand. The expansion follows DXN’s earlier memorandum of understanding with Apex Brasil to support its broader investment plans and deepen its operating presence in Brazil. Malaysia External Trade Development Corporation trade commissioner to Brazil, Amirul Azman Ahmad, said the investment reflects the growing internationalisation of Malaysian companies and their shift beyond exports and distribution toward local manufacturing and integration into regional supply chains. “The development of a significant manufacturing base in Brazil demonstrates how Malaysian companies can progress beyond exports and distribution towards deeper localisation, manufacturing and integration into regional supply chains,” he said.

Investment & Market Trends

Industronics Files Police Report Over HK$96mil Receivables

PN17-listed Industronics Bhd has lodged a police report and removed former executive director Liu Wing Yee Amy from all positions within the group after discovering more than HK$96 million in trade receivables concentrated among a small number of customers at its Hong Kong subsidiary, ECGO International Ltd. In a filing with Bursa Malaysia, Industronics said it will conduct a detailed forensic review of past transactions, fund flows, banking records and receivables to establish the facts, assess potential recovery and determine the necessary legal, regulatory and governance actions. The company said the transactions, recoverability of the receivables and any potential impairment or recovery remain subject to further verification and review. Liu had resigned as an executive director on Sept 19, 2024, according to Industronics’ latest annual report. ECGO is the group’s only active Hong Kong subsidiary. Its main activities include watch trading and cloud computing services. ECGO contributed HK$73.11 million, or RM39.65 million, to the group’s revenue in the financial year ended Dec 31, 2025 (FY2025), down from HK$91.06 million a year earlier due mainly to weaker watch sales. Industronics has since stopped its main business activities and watch trading operations in Hong Kong. The group reported zero revenue in its latest quarterly results for the first quarter ended March 31, 2026. The company said it is still too early to determine the financial impact of the issue or how much of the receivables can be recovered. It also stressed that no conclusion has been made that any individual had committed an offence or wrongdoing. The latest development adds to Industronics’ financial challenges. The company was recently classified as a Practice Note 17 (PN17) company after its auditor, UHY Malaysia PLT, issued a disclaimer of opinion on its FY2025 financial statements. The auditor raised concerns over the group’s inventories, trade and other receivables, revenue and cost of sales, citing gaps in documentation, an incomplete audit scope and limited access to financial information. It also said Industronics’ ability to continue as a going concern depends on the successful execution of new ventures and financial support from related parties. Separately, substantial shareholder Bluemount Investment Fund has filed a lawsuit against Industronics and certain directors or officers, seeking up to US$5.152 million. Industronics said on Wednesday that it had borrowed US$4.6 million from Bluemount in March 2025 for 36 months at an annual interest rate of 12%. The funds were mainly intended for a proposed pre-initial public offering investment in AMES Hotel or other agreed investments. Bluemount is seeking repayment of the loan and accrued interest. Industronics said it does not admit to any breach or default, and no liability has been determined by the court. Bluemount holds a 6.789% stake in Industronics. Industronics shares were unchanged at three sen on Wednesday, giving the company a market capitalisation of RM21.2 million

ESG

Satu Creative Launches Creative Sprint 2026 For Social Enterprises

Satu Creative has launched the third edition of Creative Sprint, a venture development programme designed to help social enterprises strengthen their businesses, access funding and build industry partnerships. Creative Sprint 2026 will focus on three areas — Income Pathways, Heritage Conservation and Circular Solutions. The programme is supported by Yayasan Hasanah, Bank Simpanan Nasional (BSN), Digital Penang, Malaysian Business Angels Network (MBAN) and Artem Ventures. The partners will support participating social enterprises through funding, business development expertise, market opportunities and investment guidance. Satu Creative CEO Ahmad Azuar Zainuddin said Malaysia has many social entrepreneurs with ideas that can create meaningful impact, but stronger support is needed to help them grow. He said Creative Sprint aims to bring together organisations with different expertise to give social enterprises access to funding, knowledge, networks and business opportunities. Selected participants will take part in bootcamps, mentoring sessions and workshops covering areas such as business development, customer research, investment readiness, strategic partnerships and growth. They will also have opportunities to connect with entrepreneurs, investors, industry experts, mentors and potential funders. Yayasan Hasanah managing director and trustee Siti Kamariah Ahmad Subki said long-term investment in people, ideas and partnerships is important to creating lasting social impact. She said the Hasanah Social Enterprise Fund 2026, in collaboration with Satu Creative, provides social enterprises with opportunities to strengthen their businesses, learn from experienced professionals and connect with organisations that can support their growth. Applications for Creative Sprint 2026 are now open. The Central Region Bootcamp will take place in Kuala Lumpur from Aug 18 to 20, followed by the Northern Region Bootcamp in Penang from Sept 8 to 10. Each three-day programme will end with a Demo Day, where participants will present their ventures to ecosystem partners, mentors and industry leaders.

Investment & Market Trends

SC Gets Court Nod To Take Action Against Supermax Shareholder

The Securities Commission Malaysia (SC) has obtained approval from the High Court to begin committal proceedings against Datuk Cheryl Tan Bee Geok for allegedly breaching a five-year court-ordered ban on serving as a director or being involved in the management of listed companies and their subsidiaries. High Court judge Leong Wai Hong granted the SC’s application on Wednesday, the capital market regulator said in a statement. Bee Geok is the wife of Supermax Corp Bhd founder Datuk Seri Stanley Thai Kim Sim. The case dates back to a consent judgement recorded by the High Court on Sept 17, 2020, following civil action by the SC over an insider trading offence involving shares of the former listed company APL Industries Bhd (APLI). Under the judgement, Bee Geok was prohibited for five years from serving as a director or being involved in the management of any public-listed company or its subsidiaries. However, the SC alleged that she continued to serve as a director of subsidiaries of a listed company and remained involved in their management, in breach of the court order. The SC did not name the companies involved. The regulator said it takes breaches of court orders in securities law cases seriously, warning that such conduct could weaken regulatory enforcement and undermine respect for court orders. The SC first filed an ex-parte application to begin committal proceedings against Bee Geok on Sept 17, 2025. The High Court later directed that the application be heard on an opposed ex-parte basis before granting leave on Wednesday. Insider Trading Case Bee Geok and her sister, Tan Bee Hong, were convicted of insider trading offences by the Kuala Lumpur Sessions Court in 2018. Both were sentenced to five years in jail and fined RM7 million each over insider trading involving APLI shares. At the time, Bee Geok was APLI’s group executive director and was responsible for financial matters after Supermax became a substantial shareholder in the company. The SC said Bee Geok had passed confidential information to her sister regarding audit adjustments proposed by APLI’s auditors. The adjustments resulted in APLI reporting a larger loss for the financial year ended June 30, 2007 and being classified as a Practice Note 17 (PN17) company. APLI announced the audit adjustments and its PN17 status to Bursa Malaysia on Oct 31, 2007. The SC said Bee Hong subsequently sold 350,000 APLI shares from her account on the same day after receiving the non-public information. On Sept 17, 2020, the High Court recorded a consent judgement between the SC and the two sisters and granted the reliefs sought by the regulator. APLI was later delisted from Bursa Malaysia in 2009.

Investment & Market Trends

K-One Plans RM46mil Capital Reduction After Cloud Business Sale

K-One Technology Bhd is planning a RM46 million capital reduction and repayment exercise following the proposed RM94 million disposal of its cloud business arm, Global Access Points Sdn Bhd (GAP). The exercise is aimed at streamlining K-One’s capital structure and balance sheet, including reducing its accumulated losses, while allowing the group to return excess capital to shareholders. K-One said the proposed exercise could pave the way for a special distribution of up to RM75 million, or nine sen per share, based on its 832 million issued shares as at Aug 10. The proposed payout comprises a cash dividend of up to six sen per share, or RM47.6 million, and a capital repayment of three sen per share, amounting to RM27.4 million. The special distribution will only be carried out after the completion of the GAP disposal. K-One also noted that the nine sen per share figure is only a preliminary estimate. Following the capital reduction, K-One’s issued share capital will fall to RM77.64 million from RM123.64 million. Of the RM46 million credit generated from the exercise, RM27.41 million will be used for the capital repayment, RM12.58 million to offset accumulated losses, and RM6.02 million retained as a buffer against future losses. K-One’s accumulated losses stood at RM8.17 million as at Dec 31, 2025. Following the disposal and capital reduction, the group’s retained earnings are expected to increase to RM85.38 million. This would then fall to RM10.38 million after the proposed RM75 million distribution. The exercise will not involve any cancellation of shares or changes to shareholders’ ownership stakes. K-One expects its share price to be theoretically adjusted to 5.5 sen, compared with its closing price of 14.5 sen on Aug 10. Last Tuesday, K-One announced that it had agreed to dispose of its entire stake in GAP, an information and communication technology solutions provider, for RM94 million to Tokyo-listed ITOCHU Corp and its Singapore-based unit. UOBKH is acting as adviser for the proposed capital reduction and repayment exercise. K-One shares closed half a sen, or 3.57%, higher at 14.5 sen, giving the company a market capitalisation of RM121 million.

News

Kerjaya Prospek Secures RM223 Million Building Contract

Kerjaya Prospek Group Bhd, through its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd, has secured a RM223mil contract from Sunway Majestic Sdn Bhd for the construction and completion of main building works for a proposed small office/home office (Soho) development in Johor Baru, Johor. Kerjaya Prospek chief executive officer and executive director Tee Eng Tiong. The construction group said the project comprises 1,012 Soho units spread across two 34-storey buildings, supported by a 10-level podium car park and two levels of mezzanine commercial space, among other facilities. Construction is scheduled to begin on Sept 1, 2026, with completion expected within 32 months. Kerjaya Prospek chief executive officer and executive director Tee Eng Tiong said the latest contract would strengthen the group’s presence in the southern region, particularly within the Johor Baru City Centre, which is expected to benefit from the upcoming Rapid Transit System (RTS) Link. “We are grateful for Sunway Majestic’s trust and confidence in Kerjaya Prospek, and we look forward to contributing our construction expertise and capabilities to the successful delivery of this development,” he said. Tee added that the project marks Kerjaya Prospek’s third new contract win in Johor Baru since 2025, highlighting the group’s ability to tap opportunities within the strategic growth corridor. With the latest contract, the group’s year-to-date financial year 2026 new contract wins have reached RM2.4bil, surpassing its initial full-year target of RM2bil. Together with an outstanding order book of RM5bil, Tee said the group is well positioned with strong earnings visibility in the coming years. An analyst also maintained a positive view on the latest contract win, noting that the RM223mil Sunway Majestic project further strengthens Kerjaya Prospek’s sizeable order book and supports its near-term earnings outlook. The analyst said Malaysia’s construction sector is expected to sustain its positive momentum through the remainder of 2026, underpinned by continued private-sector investment in data centres, industrial facilities and commercial developments. Johor is expected to remain a key growth market, while major infrastructure projects including the East Coast Rail Link (ECRL), RTS Link and Penang LRT are likely to provide additional long-term support to the construction sector. For the first quarter ended March 31, 2026, Kerjaya Prospek recorded a 24.5% increase in net profit to RM57.3mil from RM46mil in the corresponding quarter a year earlier. Revenue, however, declined 5.3% to RM446.8mil from RM472mil previously, mainly due to slower progress in construction activities during the quarter. Its construction segment remained the group’s largest revenue contributor, recording RM478.7mil in revenue, an 11% decline from RM537.2mil previously due to slower construction progress. Despite the lower revenue, construction segment profit rose to RM55.8mil from RM51.95mil a year earlier. Meanwhile, revenue from the property development segment increased to RM68mil from RM49.1mil, supported by contributions from The Vue @ Monterez and Papyrus @ North Kiara developments.

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