Vizione Holdings Bhd

Vizione Holdings Bhd

Postby winston » Sun Jan 05, 2020 2:03 pm

not vested

Vizione Holdings Bhd
Price: 87 sen

It is one of the few construction companies that continues to be profitable even though the sector had been badly hit by the change in government in May 2018.

The contractor, which is now steering its attention towards building infrastructure, managed to achieve decent margins of more than 10 %, which is higher than most other players in the sector.

Previously Vizione, which is led by Datuk Ng Aun Hooi, was focused on building affordable homes.

On Oct 16 last year, Vizione received a big break when the company was awarded a letter of intent from Jabatan Air Negeri Sabah for the construction of the Papar Dam.

So far, not many details are available on the project but Ang views it as a game changer for Vizione. He says that it would more than double the order book and will firmly put Vizione as a contractor of infrastructure instead of just affordable homes.

The Papar Dam project is to replace the Kaidun Dam that was proposed by the previous government. The Kaidun Dam project was to provide 1,000 MLD of water to Penampang and generate 37MW of hydroelectric. It was to cost some RM2.7bil.

However, the Kaidun project did not take off and eventually was shelved. The new Papar Dam is expected to have capacity of 1,000 MLD but would supply 100MW of renewable energy.

Apart from the dam project in Sabah, Vizione is also a 50% partner for the construction of a RM815mil highway on Penang Island that is part of the traffic dispersal system for the tunnel project between Butterworth and Gurney Drive on the island. It also is actively seeking to build hospitals for the government.

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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