ISF Group Bhd has secured four subcontracts for cold water and sanitary plumbing services with a combined value of RM22.48 million.
In a filing with Bursa Malaysia, the group said the contracts were awarded to its wholly owned subsidiary, Yeo Plumber Sdn Bhd, on Monday. The scope of works includes the supply, installation, testing and maintenance of plumbing systems.
Two of the subcontracts, valued at RM11.95 million and RM1.85 million, were awarded by CITIC Construction (M) Sdn Bhd for a service apartment project integrated with a private hospital. These projects are scheduled for completion by May 21, 2027 and Aug 21, 2028, respectively.
Another subcontract worth RM5.7 million was awarded by Pamir Development Sdn Bhd for plumbing works at a service apartment development, with completion targeted for Dec 21, 2028.
The fourth subcontract, valued at RM2.98 million, involves plumbing works for a data centre project. It was awarded by an undisclosed client engaged in construction, property development, real estate investment and project management. The project is expected to be completed by Dec 31, 2026. The client’s identity remains confidential due to contractual obligations.
ISF said the contracts are expected to contribute positively to the group’s earnings over the duration of the projects, further strengthening its order book and providing earnings visibility in the coming years.
On the market front, ISF shares closed half a sen, or 1.11%, lower at 44.5 sen, giving the company a market capitalisation of RM445 million. Despite the dip, the stock remains up 34.8% from its listing price of 33 sen on Jan 28.
