KUALA LUMPUR, 2 September 2025 – Southern Score Builders Berhad (KLSE: SSB8) has secured a significant win through its 51%-owned subsidiary, SJEE Engineering Sdn Bhd, earning an electrical works subcontract worth approximately RM102.68 million. The contract agreement, disclosed in a Bursa Malaysia filing, was issued by an undisclosed “Customer A” engaged in building and construction work.
SJEE will undertake a full suite of electrical services under this project—ranging from supply, delivery, installation, testing, and commissioning to ongoing maintenance and warranty responsibilities. The project, which began on 14 April 2025, is slated for completion by Q4 2026. According to the filing, this contract is expected to positively enhance the group’s earnings during its tenure.
The acquisition of SJEE by Southern Score Builders was completed in January 2025 for RM20.66 million. The remaining 49% stake remains under the ownership of Ngо Hea Bing, with a profit guarantee in place—ensuring SJEE yields a cumulative RM15 million in net profit over three financial years: FY2025 through FY2027.
Upon announcement of the contract, Southern Score Builders’ share price closed 2.8% higher at 55 sen, giving the group an approximate market capitalisation of RM1.3 billion.
The Ledger Asia’s Take: Strategic Validation of M&E Expansion
This sizable contract validates Southern Score’s strategic move into the Mechanical & Electrical (M&E) space following SJEE’s acquisition. It deepens the group’s involvement in high-value, technically sophisticated projects—boosting visibility in a sector with strong demand dynamics, especially as infrastructure and data center development accelerate across Southeast Asia.
The RM102.7 million contract substantially adds to an already solid order book. Recent wins — such as a RM19.3 million subcontract from Sunway Construction and a RM51.4 million data center job from Gamuda Engineering—bring SJEE’s outstanding order pipeline well into the hundreds of millions, enhancing earnings visibility and boosting investor confidence.
With the 13th Malaysia Plan (13MP) propelling federal infrastructure development, coupled with ongoing public and private-sector expansions, the environment is ripe for sustained growth in M&E services. SJEE’s deepening footprint positions Southern Score to capture this momentum effectively.
