Growth Target: FY25 replenishment target of RM50m already met, with another RM50m aimed by year-end.

Prospects: Expansion of Malaysia’s DC industry expected to boost demand for semiconductors, creating synergies across HE Group’s core segments. Margin resilience supported by active management of copper price exposure

?HEGROUP post briefing

Positive Outlook: HE Group secured its first data centre (DC) project in Cyberjaya worth RM56.7m, marking its entry into the DC industry which offers higher margins and faster turnaround. Project completion is targeted by April 2026.

Orderbook & Tender Book: Outstanding orderbook rose to RM106.3m (53.3% DC, 38.4% semiconductor, 8.3% medical), ensuring 12 months of earnings visibility. Tender book stands at RM700m, with ~80% DC-related, reflecting management’s strategic

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