RedPlanet targets annual revenue growth of 10% to 20%, driven by demand from the utilities and rail sectors

Traders Union
All News
Business & Wealth
Companies
RedPlanet targets revenue growth

Highlights

RedPlanet Bhd targets annual revenue growth of 10% to 20% over the next three to five years, driven by demand from the utilities and rail sectors.
RedPlanet's digital mapping and geospatial technology enables it to penetrate local and international markets, with 15% of revenue now generated overseas.
Moving to the ACE Market requires RedPlanet to make an exit offer and issue shares to the public, drawing on the corporate governance experience it gained during its LEAP Market listing since August 2020.

This article was translated from the original. Read the original version by our correspondent here.

Growth drivers and market plans

As reported by The Edge Malaysia, RedPlanet Bhd is targeting annual revenue growth of 10% to 20% over the next three to five years, supported by rising demand from the utilities and railway sectors. Managing director Lian Wah Seng said the target remained the company's goal, with its focus on geographic data analytics and security systems to detect human intrusion on railway platforms.

RedPlanet is banking on increased Malaysian spending to upgrade the electricity grid to support the growth of data centres, which require high levels of energy. At the same time, the company also aims to capitalise on the government's push for urban rail transport systems in the Klang Valley, while exploring opportunities in the Penang Mutiara Line light rail transit project.

According to executive director Panjetty Kumaradevan Senthil Kumar, the company's geospatial technology, including digital mapping of electrical infrastructure showing the locations and details of assets such as utility poles and transmission towers, creates opportunities to expand into local and international markets.

Listing status and revenue footprint

RedPlanet was first listed on the LEAP Market in August 2020. Since trading on that board is restricted to sophisticated investors, transferring its listing to the ACE Market requires the company to make an exit offer and carry out a public share issuance.

In his remarks on Thursday, Lian said its experience on the LEAP Market had taught the company about the importance of corporate governance, transparency and accountability, as well as the true cost of shareholders' capital. The remarks suggest that governance fundamentals are part of the company's preparations as it expands its operations and access to capital markets.

Most of RedPlanet's revenue still comes from Malaysia, while 15% is generated in overseas markets, including India, Brunei, the Philippines, Saudi Arabia, the United Arab Emirates and Singapore. This international exposure shows that the company already has an export base, although its near-term growth remains heavily dependent on the domestic infrastructure spending cycle.

In our previous coverage of the approval of 27 data centre projects under the data centre task force through July 2026, we outlined the scale of the RM225.97 billion investment and its focus on Johor, Selangor and Negeri Sembilan. The article also highlighted economic impacts such as the creation of 4,053 jobs (mostly highly skilled), alongside a minimum local content requirement of 30% and regular monitoring of project implementation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.