ML Global banks on orderbook to sustain

PETALING JAYA: ML Global Bhd expects its current orderbook of over RM2bil to sustain the company over the next three years. 

Group managing director Tan Sri Lim Hock San said the project management and construction firm will also look at ways to increase its revenue and profit going forward. 

“The outlook for ML Global is looking good because of the healthy orderbook that we have,” he said after the company AGM today. 

He added that the company is also looking at ways to mitigate the higher construction and labour cost currently. 

Last week, ML Global announced that  it had clinched three contracts worth a total of RM1.04bil from parent company LBS Bina Group Bhd.

The company, which is 55.3% owned by LBS Bina, said its unit MITC Engineering Sdn Bhd had received a letter of award to develop four Rumah Selangorku apartment blocks in Bandar Saujana Putra valued at RM168.11mil.

In addition, MITC received letters of intent for piling, pilecap and building works for four condominium towers in Bukit Jalil worth an estimated RM687.19mil, and for the design, feasibility study and building works for two blocks of serviced apartments in Sepang with an estimated value of RM188.81mil.

The projects will double the group’s current outstanding order book to about RM2.08bil.