Kee Ming wins RM44.17 million data centre electrical works subcontract in Puncak Alam
A new contract in the data centre segment adds to Kee Ming Group Bhd’s order book as demand for digital infrastructure continues to grow in Malaysia. The RM44.17 million subcontract covers electrical engineering services for a hyperscale data centre in Puncak Alam and is expected to support the group’s financial performance through to the end of the contract period.
Highlights
- Kee Ming Electrical Sdn Bhd has won a RM44.17 million subcontract for data centre electrical works in Puncak Alam, with completion expected by 30 July 2027.
- The subcontract is expected to contribute positively to Kee Ming Group Bhd’s earnings, earnings per share and net assets for the FY ending 31 March 2027.
- Kee Ming shares closed one sen lower at RM2.79 on Wednesday after surging more than sixfold since their listing on 12 Feb, giving the company a market capitalisation of RM906.8 million.
This article was translated from the original. Read the original version by our correspondent here.
Subcontract details and scope of work
According to The Edge Malaysia, as reported in its Bursa filing, Kee Ming Group Bhd said its wholly owned subsidiary, Kee Ming Electrical Sdn Bhd, received a letter of award on Wednesday from an unnamed third-party contractor.The contractor is primarily involved in providing integrated mechanical and electrical solutions, with expertise in electrical systems, heating, ventilation and air-conditioning, energy optimisation, and turnkey engineering, procurement and construction services for data centre infrastructure.
Work has already commenced and is expected to be completed by 30 July 2027. The scope includes the supply, delivery, installation, testing and commissioning of general electrical works as well as electrical works for the project’s main building.
Impact on earnings and market standing
Kee Ming said the project is expected to contribute positively to the group’s earnings, earnings per share and net assets for the financial year ending 31 March 2027 and throughout the contract period.Kee Ming shares, which debuted on the ACE Market on 12 Feb at an initial public offering price of 38 sen, have since surged more than sixfold. On Wednesday, the shares closed one sen, or 0.36%, lower at RM2.79, giving the company a market capitalisation of RM906.8 million.
In our earlier coverage of the approval of 27 data centre projects by the data centre task force (DCTF) through July 2026, we outlined the scale of RM225.97 billion in investment and the concentration of projects in Johor, Selangor and Negeri Sembilan. The article also highlighted the impact on skilled job opportunities and the minimum local content requirement of 30%, which is monitored regularly, pointing to growing demand for supporting data centre infrastructure work.
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