“Backed by our quality service delivery and robust in-house tech capability, we recorded strong orderbook wins of RM1.36 billion for 2022, an increase of 30% from the previous year. With 62% of new wins coming from international markets and more than 60% were new healthcare contracts, we continue to harness our strong market position in the existing operating markets while capturing market share in the high growth markets,” he said.
The Healthcare Support Services (“HSS”) division continued to secure new contracts in Malaysia, Taiwan and Singapore, this is a testament to our credibility in supporting the healthcare sectors in these countries while expanding into integrated healthcare solutions offerings such as Replacement Through Maintenance services and diversifying its clientele in adjacent sectors, such as semiconductors and hospitality.
“UEM Edgenta’s international business expansion will be further accelerated this year, in the areas of Integrated Facilities Management and deployment of our SaaS platform solution. Our portfolio and financial profile will be further enhanced through reinvestments into new growth markets, products and technology in growth areas in the Gulf Cooperation Council (GCC) countries, particularly in the Kingdom of Saudi Arabia (KSA)” said Syahrunizam.
On 2023 outlook, the Company continues to expand into international markets where demand for quality tech-enabled services are growing while maintaining and servicing its long-term portfolios in Malaysia. Growth strategy is being executed through multi-pronged approach, leveraging on inorganic growth opportunities and collaborative partnerships with the Company’s strategic partners, supported by the Company’s strong financial position.
“While we manage macro-economic headwinds, our Company continues to build upon the strong fundamentals it possesses and strengthen its readiness towards building a global Edgenta franchise. Backed by our EoTF25 strategy to fuel growth from our tech-based transformation, expanding our business footprint internationally is the way forward as UEM Edgenta is moving up the value chain in existing and new markets in the areas of smart facilities management and integrated healthcare solutions,” he added.
The immediate focus for 2023 will be leveraging on UEM Edgenta’s technological advancements in key areas such as consultancy, procurement & construction planning, operations & maintenance, as well as optimisation, rehabilitation and upgrades, putting the Company in a prime position to benefit from the fast-growing economic regions.
“We expect our plans to be fulfilled as we are pleased with the level of progress that UEM Edgenta has achieved since our concerted strategic efforts move two years ago to export our expertise to key growth areas and by teaming up with the right partners in KSA,” said Syahrunizam.
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