“Recurring income from engineering services gives us a stable baseline, while smart factory projects help drive growth during strong capex cycles,” he explains.

The group’s current order book stands at RM58 million, which according to Koh is the highest for the group since its inception.

“We don’t have a long-term contract. As such, the order book changes on a monthly basis. Nevertheless, this is the highest for the group in comparison to RM34 million in the previous month, indicating that demand is coming back,” he says.