KUALA LUMPUR: Qew Group Berhad (QGB), a prominent investment outfit with a presence in Kuala Lumpur, Putrajaya, and London, participated in the T20 Charity Gala and A-Listers Concert, where the Group was able to present its vision, mission, and strategic initiatives, to demonstrate QGB’s commitment to long-term growth and community impact.
“We are thrilled to participate in the T20 Charity Gala and Concert as the event aligns perfectly with our core values and commitment to making a positive impact on society. Our contribution to Yayasan Prihatin Nasional (YPN) this evening is one of our many efforts in meeting our on-going commitment to our corporate social responsibilities (CSR),” said its Group Executive Chairman, Dato’ Dr Muhamad Iqbal.
“Additionally, the T20 Gala brings together the right target audience of sophisticated investors, fitting well with our investment portfolio and long-term strategies,” he added.
The T20 Charity Gala and A-Listers Concert was a celebration of entrepreneurship, diversity, and unity, where acted as a platform to share detailed insights into the vision, mission, and objectives of this initiative. The event attracted over 1,000 guests from the T20 group, providing an unparalleled networking opportunity for business leaders and investors.
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Qew Group’s expertise ranges in various sectors, including mining, healthcare, and partnering services, combined with its strategic partnerships and focus on market expansion, positioning the company for a prosperous future.
Currently, its primary goal is to tap into various lucrative opportunities and deliver consistent returns and long-term capital gains for its investors and shareholders.
More strategically, Qew Group continues setting its pace in the future with a comprehensive strategy with its plan, aptly named ‘Bright Future’, ‘Big Future’, and ‘Benevolent Future,’ outlining three key pillars that will guide its development in the years to come.
The Bright Future pillar focuses on driving growth in QGB’s telecommunications and real estate development businesses. These established sectors provide a strong foundation for the company’s future success.
The Big Future pillar ventures into new and exciting territories, encompassing QGB’s investments in mining and healthcare. These sectors hold immense potential for future growth and diversification.
Finally, the Benevolent Future pillar underscores QGB’s commitment to social responsibility and creating positive change. Through its partnering services, the company aims to contribute to the well-being of its stakeholders and the community.
Through the three-pronged strategy, Qew Group placed strategic investments in mining and healthcare, revealing a future brimming with potential, allowing the Group to capitalise on lucrative market opportunities, promising significant growth and returns.
For the mining business, in July 2022, Qew Group sealed a 600-acre iron ore mining sites deal in Bukit Besi, Terengganu and in March 2023, another 100-acre deal in Seri Bandi, Terengganu, which will grant the company access to a valuable resource, with iron ore being a vital component in various industries.
Partnering in a joint venture worth RM30 billion, Qew Group stands to gain a substantial 13% share, translating to significant revenue potential. Providing a timely boost, QGB currently has a stockpile of approximately 150,000 MT of iron ore ready for processing and export, coinciding with high prices of US$135 per metric tonne (MT) for grade 62 ore.
Furthermore, technical scans reveal an estimated 1.5 million MT of additional iron ore reserves in Seri Bandi in Terengganu undergoing preparation for the mining process. This promising development positions the company to capitalise on the current favourable market conditions.
“Such activity will also boost the domestic economy and increase employment opportunities for the locals,” Dato’ Iqbal pointed out.
For the telecommunications sector, commanding a 0.3% share, the Group is well-placed to tap into the lucrative market potential in the booming Malaysian telecommunications market, estimated at a massive RM36.8 billion.
Under Phase 1, Qew Group owns 59 telco towers strategically located in Klang Valley, Sabah, and Labuan for the telecommunications business segment, positioning the company in a solid position to capitalise on more new telco tenders. These towers operate under a 10-year renewable Network Facilities Provider (NFP) license, ensuring long-term stability.
An additional 22 monopole structures are slated for completion by the third quarter (Q3) of 2024, further expanding the network’s reach.
The Group also has invested RM15 million in developing KELNET, a fibre network operating centre in Kelantan with an aim to strengthen network connectivity.
In the real estate development segment, QGB forged its presence with the 258-acre Digital Asian Halal Hub Industrial Park in Kedah, catering to the growing halal industry, offering a unique blend of industrial facilities and Islamic principles, attracting potential investors and businesses.
Recently, Qew Group has invested in a 6-storey building dedicated to a holistic healthcare centre in Johor, expanding its business horizon into healthcare. The company took a holistic approach with Phase 1 of the Medeseri Healthcare Johor Bahru project, offering diverse services and catering to the growing demand for integrative and alternative medicine solutions.
This strategic investment positions Qew Group to tap into the booming healthcare market, estimated at RM72 billion in Malaysia.
By delving into the lucrative mining and healthcare industries, the Group positions itself to capture significant market share and generate substantial returns for its investors.
“This move, coupled with their expansion into the lucrative mining industry, showcases a commitment to diversification and growth.
“By tapping into these sectors, QGB positions itself to capture significant market share and drive long-term success. Furthermore, the company’s established strength in telecommunications and real estate development creates a well-rounded foundation for a prosperous future, ensuring positive returns for investors,” Dato’ Iqbal concluded.
