KL Trader Investment Research Articles

Author: kltrader   |   Latest post: Thu, 23 May 2019, 9:25 AM


Metronic Eyes Projects Worth US$1 Billion

Author:   |    Publish date:

SHAH ALAM: Metronic Global Bhd, a total building management engineering solutions provider, aims for US$1 billion worth of projects across Malaysia, Europe, the United States, the Middle-East and Southeast Asia in the next three years.

Executive director and chief executive officer Brian Hoo Wai Keong said their aim is not too far-fetched.

“US$1 billion worth of projects is less than one per cent of global investments in smart city technologies, which is expected to rise to US$135 billion by 2021,” he told reporters at a press conference here today.

He said the company is in the midst of finalising tenders for several potential engineering projects worth up to RM300 million in Malaysia and across the region.

He said those projects include the KL Convention Centre, Melawati Mall, Mass Rapid Transit Sungai Buloh – Kajang Line, KL Sentral, Sunway Velocity Hotel, and the RADIA Bukit Jelutong mixed development.

Meanwhile, its unit Metronic Engineering Sdn Bhd recently inked a memorandum of understanding with Zhuhai Singyes New Materials Technology Co Ltd and stands to gain from this collaboration in smart city technology solutions.

“It would also connect infrastructures with Internet of Things and 5G capabilities, to support the 11th Malaysia Plan’s Smart City Initiatives, such as Greater Kuala Lumpur, Smart Selangor and Putrajaya Smart City, coupled with other local councils, township developments, community parks and integrated government departments, just to name a few,” he said.

Zhuhai Singyes, a subsidiary of China Singyes New Materials Holdings Ltd, has been listed on the Hong Kong Stock Exchange since 2017.

The group, founded in 1995, is a specialised smart city solutions provider with green building technology, renewable/solar energy solutions and fully integrated ecological agricultural products, and has an export, manufacturing and research and development base in Zhuhai, Guangdong Province, China.

“Smart city technology solutions from Singyes such as smart light-adjusting film/LED/glass, sensor networks, advanced composites lighting/CCTV systems with infrastructure integrated, renewable energy solar solutions and 5G capabilities, allow for a safe and healthy smart living environment, which bodes well for Malaysia’s smart city initiatives across the country,” said Hoo.

Singyes’ renowned buildings include Shanghai Yaohan, Shanghai Le Meridien Hotel, Dalian Hekou Station’s railway platforms, Suzhou Nikko Hotel, The Langham Hotel (Hefei), W Hotel (Suzhou), Zhuhai Yuhai Global Financial Centre, Suzhou Sun Wu Cultural Park, One Shenzhen Bay, Foshan Guangfa Bank, Guangzhou Grandplaza, and Cadillac China 4S head office.

Metronic, established in 1984, had registered revenue of RM43 million for the financial period ended 2018.

-- Bernama

Share this

Related Stocks

Chart Stock Name Last Change Volume 
MTRONIC 0.08 0.00 (0.00%) 15,367,100 

  Be the first to like this.


417  266  466  748 

Top 10 Active Counters
 VC 0.25-0.02 
 VC-PA 0.06+0.005 
 IMPIANA 0.035-0.005 
 LAMBO 0.06+0.005 
 HSI-C5J 0.255+0.01 
 HSI-C5H 0.28+0.01 
 SAPNRG 0.29-0.01 
 DAYANG 0.92+0.03 
 ARMADA 0.185+0.005 
 EKOVEST 0.77-0.005 
Partners & Brokers