|Willowglen bids for RM 400m worth of jobs (TheEdgeFinancialDaily)|
Willowglen MSC Bhd, which supplies supervisory control and data acquisition (SCADA) systems, is tendering for up to RM 400m worth of projects this year, 70% of which are in Singapore.
Managing Director, Wong Ah Chiew said the Singapore jobs include providing power transmission or distribution, gas transmission, integrated security monitoring and surveillance monitoring system in public housing estates.
On the local front, the jobs tendered for include the installation of controlling systems for the Light Rail Transit 3 and Mass Rapid Transit 2 projects, he said.
The success rate for the tenders usually ranges between 20% and 30%, he told reporters after the company's annual general meeting.
Wong said the group is also eyeing a controlling system opportunity in the Kuala Lumpur-Singapore high-speed rail project.
The group has also been qualified to tender for Tenaga Nasional Bhd's power substation monitoring installation project worth a few million ringgit.
Wong said Willowglen is also looking for opportunities in new markets in the Middle East and other Asean countries such as Vietnam and Indonesia.....
Release date : 2016-04-28
|Malaysia Best Employer Brand Awards 2016|
Willowglen has again been awarded the Malaysia Best Employer Brand Awards 2016.
This award recognizes and rewards the Employers for their excellence in creating a culture of contribution and innovation at work, consistent improvement in human resource policies as well as a place for developing and nurturing future leaders.
Release date : 2016-04-11
|Willowglen confident of long-term growth (FocusM)|
Willowglen MSC Bhd is experiencing lower profit margins and a slower growth momentum in the supervisory control and data acquisition (SCADA) system business over the last two years.
However, the company is still optimistic of its longer term growth potential - with a vision of doubling its top-line in the next five years.
'In five years'time, [turnover] should easily be RM200-RM300 mil, if not higher, if not more,"managing director Wong Ah Chiew tells FocusM in an interview. In the nearer term, Wong says the company has an internal target of achieving a revenue of RM130 mil this year, a growth of 9% from last year.
Wong who helmed the property-based PJ Development Holdings Bhd as managing director from 2000 to 2013, says his optimism stems from the fact that there will be growing demand for Willowglen's products and services - mainly Scada systems.
Scada systems, at its most basic, is used to control, monitor and analyse industrial processes. These systems are used in basically every industrial process, including transportation, power, water and wastewater and oil and gas (O&G).....
Release date : 2016-04-02
|Willowglen to take part in S’pore transmission tunnel project (TheStar)|
KUALA LUMPUR: Willowglen MSC Bhd’s unit Willowglen Services Pte Ltd has been awarded a RM6.938mil contract by Incsys Pte Ltd to do the integrated security and operation surveillance system (ISOSS) works for the Jurong Island-to-Pioneer transmission cable tunnel project in Singapore.
In a notice to Bursa Malaysia, the computer-based control systems company said the ELV (extra low voltage) sub-contract’s period was from Oct 21, 2015 to Oct 30, 2017.
Willowglen said the contract was expected to contribute positively to the group’s earnings and net assets per share for the financial years ending Dec 31, 2016 to 2017.
The contract is not renewable and the risk in respect of the contract is the normal business risks.
Willowglen shares closed unchanged at 71.5 sen on Tuesday.
Release date : 2015-12-08
|Willowglen plans market expansion, mulls acquisition (TheSunDaily)|
KUALA LUMPUR: Willowglen MSC Bhd, which is involved in providing supervisory control and data acquisition (Scada) systems, plans to expand its global market presence and may consider acquisitions in the future.
"We are looking at some of the businesses that may fit well with what we are doing, whether technologically or geographically," its group managing director Wong Ah Chiew told reporters after its 17th AGM yesterday.
Wong however declined to pinpoint the market.
Recently the group announced that it is looking to acquire a business-related company in United States to enter the market there, primarily to drive its future earnings.
"It is still in a negotiation stage," said Wong, who noted the group has a strong net cash position of RM50.89 million as of Dec 31, 2014, with zero borrowing.
"I think the decision will be made in two months, whether we will proceed (with the acquisition) or not," he added.
Currently about 69% of Willowglen's business comes from overseas, namely Singapore, while the remaining 31% comes from Malaysia.
He said the group's Indonesia operations are still at development stage, with a focus on providing Scada and security solutions to data centres, utilities and oil and gas market.
About 90% of its business comes from the Scada business, while the remaining 10% is from integrated monitoring system (IMS) business. Its current orderbook stands at RM160 million.
Meanwhile, its group executive director Simon Wong Chu Keong revealed that the group is currently waiting for the approval from Tenaga Nasional Bhd (TNB), to become its system integrator.
"The process is still on-going and we are hoping to get the approval from TNB by this year," he said, adding the demand for its Scada systems in transportation and water and waste water treatment industries will continue to drive the group's sales.
For the first quarter ended March 31, 2015, Willowglen's net profit slightly increased to RM3.92 million from RM3.87 million last year. Revenue also increased by 19% to RM31.23 million from RM26.28 million previously.
For FY14, its net profit decreased to RM17.41 million from RM19.36 million in FY13, mainly due to higher research and development (R&D) expenses and manpower cost. Revenue however rose by 6.96% to RM109.75 million from RM102.61 million a year ago.
Going forward, he said the group will focus on its ongoing projects, where they currently provide monitoring services to mostly power transmission, water works and treatment plants, as well as railways and building services.
Release date : 2015-04-30
|Willowglen gets RM9.9mil contract (TheStar)|
KUALA LUMPUR: Willowglen MSC Bhd has bagged a RM9.91mil job from SP PowerAssets Limited, Singapore for the extension of remote monitoring and control facilities to part of the remaining distribution network consisting Of 1,000 6.6KV substations.
In a filing to Bursa Malaysia on Monday, the group said the contract, won by its unit Willowglen Services Pte Ltd will be completed by Feb 22, 2018.
The said contract is expected to contribute positively to the group’s earnings and net assets per share for the financial years ending Dec 31, 2015 to 2017.
Release date : 2015-03-02
|Willowglen gets RM17.8 m contract from PUB Singapore|
KUALA LUMPUR (Jan 2):
Willowglen MSC Berhad, a computer based control systems supplier has been awarded two contracts worth RM17.87 million by the Public Utilities Board of Singapore.
In a note to Bursa Malaysia, the company said the first contract is to upgrade PUB's existing SCADA system while the second is to maintain the system.
The upgrade contract is valued at RM12.38 million and will start on 6th January 2014 for completion by January 5th, 2016.
The maintenance contract valued at RM5.49 million will commence on 6th January 2016 and ends on January 5th, 2021.
Both contracts are expected to contribute positively to the groupâ€™s earnings.
Release date : 2014-01-02
|Forbes Asia's Best Under A Billion Award|
Willowglen has again made it to the Forbes Asia's Best Under A Billion list in year 2013. The other Malaysian companies that make it into the list include CB Industrial Product Holdings, Hartalega Holdings, JCY International, Malaysia Building Society, Mudajaya Group, Padini Holdings, Pintaras Jaya, Silverlake Axis, Tambun Indah Land, Wellcall Holdings and Zhulian Corp.
Release date : 2013-10-29
|Willowglen tendered RM200m contracts|
Willowglen MSC Bhd has tendered a total of RM200 million worth of contracts in supervisory control and data acquisition (Scada) and integrated monitoring system (IMS) contracts in Malaysia and across the region to date.
The company is also currently working its way to securing a portion of works for the Ampang light rail transit (LRT) line extension project.
Willowglen (M) Sdn Bhd (WMSB) GM Phan Vee Yee said the company expects to secure some portions of the total contracts tendered in two to three years time. He said most of the contracts are for Scada works, while RM20 million to RM30 million contracts tendered are for IMS.
â€œWe continue to focus on what we do best, the Scada and IMS. Generally, our business is monitoring industrial based and commercial projects.
â€œWe do a lot of integration which differentiates us from our competitors. This is our strength.
We hope to secure a number of the projects tendered as we are well posit ioned with a good t rack record,â€ he told The Malaysian Reserve in an interview recently. WMSB is the wholly owned subsidiary of Willowglen.
In May 2012, WMSB was awarded a RM17.9 million contract for the design, manufacture, installation, testing and commissioning of the Scada and closed-circuit television systems for the Kelana Jaya LRT line extension project.
The contracts are expected to be completed by August 2014, and contribute to the groupâ€™s earnings and net assets per share for the financial year ending Dec 31, 2012 to 2014, Willowglen said in an earlier Bursa Malaysia filing.
Phan said the works that the company is involved in the Kelana Jaya LRT line extension project include the upgrading of the current systems and installation of its remote terminal units (RTUs).
A recent contract secured by the groupâ€™s Singapore wholly owned subsidiary, Willowglen Services Pte Ltd (WSPL), was a RM12 million contract by Singapore Power Ltd for the supply and installation of an intruder detection system.
Just last month, WSPL bagged some RM15.3 million worth of contracts from Singapore Power for the supply and installation of a lift surveillance system to 1,148 number of existing lifts and the replacement of RTUs at 6.6KV substations.
Phan said the companyâ€™s prospects for business, being a local public-listed company, is bright for the coming years with the announcement of a number of mega projects under the Economic Transformation Programme (ETP).
â€œCompared to other local competitors, I think we are the only public listed company which provides Scada and IMS services. â€œI think we are well positioned for the governmentâ€™s agenda. As the government intends to encourage local content in mega projects, I see this as the plus point for us,â€ he said.
Release date : 2013-05-13
|Willowglen bags RM15.29m contracts|
KUALA LUMPUR: Willowglen MSC Bhd has secured two contracts totaling RM15.29mil involving lift surveillance systems and remote terminal units for power substations.
It said on Wednesday the first contract, valued at RM8.57mil was to supply and install lift surveillance systsem to 1,148 existing lifts.
Willowglen said the commencement date of the contracts was April 1 and to be completed by Nov 30.
It also secured a RM6.72mil contract to replace the remove terminal units at 6.6KV substations.
Release date : 2013-03-20
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(Malaysia) Sdn. Bhd. (Company No. 351570-A). No 17, Jalan 2/149B, Taman Sri Endah, Bandar Baru Sri
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Tel: (603) 90571228 Fax: (603) 90571218
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