Insights Analytics Bhd (KL:IAB) has secured a RM58.4 million sub-contract to carry out infrastructure works for the proposed Betong to Pusa Regional Water Supply Grid in Sarawak, marking a significant boost to the group’s order book.
The sub-contract was awarded to the company’s wholly-owned subsidiary, Insights Analytics Technologies Sdn Bhd (IATSB), by Bumia Sdn Bhd, as stated in a Bursa Malaysia filing on Thursday. The scope of works under the contract encompasses pipeline installation, mechanical and electrical systems, and other associated infrastructure works essential for the successful delivery of the regional water supply project.
The project is set to commence on Jan 12, 2026, with an expected completion date of July 11, 2028. Payments for the sub-contract will be made on a monthly, firm-price basis, calculated based on the work completed and materials delivered. Insights Analytics said the project is expected to contribute positively to the group’s earnings throughout the contract period.
The award comes on the heels of notable corporate developments for the company, including the appointment of former senator Datuk Dayang Madinah as an independent director. Dayang Madinah is the sister of Sarawak Premier Tan Sri Abang Johari, and her presence on the board is seen as a strategic move to strengthen the company’s governance and regional ties.
Since its ACE Market debut on Oct 27, 2025, Insights Analytics shares have seen a remarkable rally, climbing 378% from the IPO price of 36 sen to close at RM1.72 on Thursday. The counter’s recent surge has positioned the Sarawak-based firm with a market capitalisation of RM946 million.
The Betong to Pusa water supply project is a critical infrastructure initiative aimed at improving regional water accessibility and supporting long-term socio-economic development in Sarawak. With the sub-contract now secured, Insights Analytics is set to play a key role in enhancing the state’s water supply network while reinforcing its reputation as a rising player in Malaysia’s infrastructure and engineering sector.
