Latest news with #HSSEngineersBhd
The Star
25-06-2025
- Business
- The Star
HSS wins Philippines transport job
PETALING JAYA: HSS Engineers Bhd 's associate has via a joint venture (JV) entered into a consultancy contract with the Philippines' Department of Transportation for the Davao Public Transport Modernisation Project. In a filing with Bursa Malaysia, HSS Engineers said HSS Integrated Sdn Bhd's partnership with Oriental Consultants Global Co Ltd, Japan was appointed a general consultant for contract package No.9 of the project. It said the estimated project value attributable to HSS Integrated was about RM19.27mil in professional fees and reimbursable expenses. The contract commenced in May 2025 for a period of 42 months. 'The JV will provide general consultant services encompassing project and contract management, risk and quality control, interface and communication management, environmental and social aspects, and tender support,' it said.
The Star
25-06-2025
- Business
- The Star
HSS Engineers' associate JV secures consulting role in Philippines public transport project
KUALA LUMPUR: HSS Engineers Bhd 's associate has via a joint venture entered into a consultancy contract with the Philippines' Department of Transportation for the Davao Public Transport Modernisation Project. In a filing with Bursa Malaysia, HSS Engineers said HSS Integrated Sdn Bhd's partnership with Oriental Consultants Global Co Ltd, Japan was appointed a general consultant for contract package No.9 of the project. It said the estimated project value attributable to HSS Integrated was about RM19.27mil in professional fees and reimbursable expenses. The contract commenced on May 2025 for a period of 42 months. "The JV will provide general consultant services encompassing project and contract management, risk and quality control, interface and communication management, environmental and social aspects, economic benefit review, tender support, and anti-corruption compliance. "The JV will also oversee civil works through design reviews, construction monitoring, quality assurance, safety, and cost management. Additionally, it will manage diesel/EV bus procurement, including design review, testing, inspection, site preparation, and commissioning," said the filing.
The Star
23-06-2025
- Business
- The Star
HSS Engineers unit secures RM10mil consultancy job in India
KUALA LUMPUR: HSS Engineers Bhd via its wholly-owned subsidiary HSS Engineering Sdn Bhd has been hired for building information modelling (BIM) and engineering design consultancy services by M/s Ocean Lifespaces India Pvt Ltd. The group said in a stock exhange filing the project was for the proposed development of a container terminal at Tuna Tekra, India – Design And Build (Package 2) for Hindustan Gateway Container Terminal Kandla Private Limited. The contract with an estimated services value of US$2.35mil (about RM10.05mil) commenced on June 6, 2025, for a period of 28 months. The project is expected to contribute positively to the revenue, earnings and net assets of HSS Engineers group for the financial years ending Dec 31, 2025, until Dec 31, 2027.
New Straits Times
23-06-2025
- Business
- New Straits Times
HSS Engineers secures US$2.4mil design consultancy deal in India
KUALA LUMPUR: HSS Engineers Bhd (HEB) has secured a US$2.35 million (about RM10.05 million) contract for a container terminal development project in Tuna Tekra, India. The contract was awarded to its wholly owned subsidiary, HSS Engineering Sdn Bhd (HSSE), the group said in a filing with Bursa Malaysia today. Under the deal, HSSE will provide building information modelling (BIM) and engineering design consultancy services for the project. HEB said the letter of appointment was awarded by Ocean Lifespaces India Pvt Ltd for Package 2 of the design and build phase of the Hindustan Gateway Container Terminal Kandla Private Ltd project. The consultancy services are scheduled to start on June 16 and will span 28 months. Under the scope of work, HSSE will deliver preliminary and detailed engineering designs, supplementary BIM services and post-construction deliverables. The professional fees are milestone-based, with 30 per cent already received and the remaining 70 per cent to be paid progressively upon achieving specified project milestones. HEB said the project would be carried out in exclusive collaboration with HSS Integrated Sdn Bhd, an associate company, in line with their teaming arrangement. "(This project) represents a significant milestone for the group and aligns with its overarching growth strategy, including geographical expansion into India while complementing our core expertise in the transportation sector," it said. The group expects the project to contribute positively to its revenue and earnings from the financial years ending Dec 31, 2025, to Dec 31, 2027. It will be funded through a combination of internal funds and external borrowings.
The Sun
11-06-2025
- Business
- The Sun
HEB Group to speed up diversification to drive sustainable growth
KUALA LUMPUR: Engineering and project management consultant HSS Engineers Bhd (HEB Group) is looking to accelerate diversification and drive sustainable growth in the financial year ending Dec 31, 2025 (FY25) and beyond. HEB Group has strategically deepened its involvement in emerging high-growth sectors to broaden its sectoral coverage, while maintaining an entrenched presence in its core infrastructure domains of highways, roads, rail, ports and water infrastructure. With the rapid expansion of the data centre industry, the group anticipates sustained growth in this sector, supported by favourable government policies and robust foreign investment. HEB Group's substantial RM2.1 billion order book will provide earnings visibility over the next eight years, building upon the momentum created by the record-high net profit of RM25.2 million achieved in FY24. The order book includes key projects such as the Pan Borneo Highway Sabah Phase 1A, Westports Expansion Development, Klang Valley Double Tracking Phase 2, East Coast Rail Link, Jajaran Rel Selangor Kita, multiple water infrastructure and data centre projects in Malaysia, in addition to several overseas projects. The group also has a healthy tender book of RM475 million as it proactively pursues new opportunities in Malaysia and abroad. 'HEB Group has demonstrated agility by adapting its business model to meet the rapidly evolving engineering needs of various industries,' executive vice-chairman Tan Sri Kuna Sittampalam said after HEB Group's annual general meeting today. 'We are rapidly expanding our capabilities to take a leading role in emerging industries that are set to reshape the region.' Kuna said the group's timely diversification strategy will pave the way for sustainable growth and long-term value creation. Concurrently, HEB Group remains steadfast in its role of supporting governments, both at home and abroad, in implementing strategic infrastructure projects to stimulate economic growth and elevate living standards. As for its international operations, HEB Group is well on its way to achieving its target of deriving 25% of revenue from overseas projects by 2027. Overseas projects contributed 18.8% of revenue as at March 31, supported by numerous contracts wins in developing countries across Asia. Kuna said the group is associated with nine countries for projects and that a project in Iraq is providing value-accretive yields with RM1.5 billion in fees. 'However, I expect our Southeast Asian partners like Indonesia and the Philippines will start to contribute more to the company over the next two to three years.' At the AGM, shareholders approved all the resolutions tabled by the group, including the payment of a final single-tier dividend of 1.46 sen per share for FY24. The dividend payout of RM7.4 million represents about 30% of the HEB Group's net profit last year, and is in line with its dividend policy, which targets 30% distribution of annual net profit to shareholders.
