HeiTech Padu eyes projects in Myanmar and Indonesia

SUBANG JAYA: Heitech Padu Bhd will continue with plans to seek international projects, particularly in the Middle-East, Africa and South-East Asian region, despite the challenging environment.

The information technology system and technology services provider has already sent project proposals to Myanmar and Indonesia.

“We are optimistic of our chances with these proposals,” president and group chief executive officer Harris Ismail told reporters after the company’s AGM in Subang Jaya on Tuesday.

For this financial year ending Dec 31, 2016, Harris said the group was looking at a more balance portfolio, in terms of contribution towards total revenue.

“We have a government sector segment, which has been our focus for the past few years. But we are slowly growing the commercial sector, including banking and financial services.

“We also have another pillar, which is the ‘innovation to new business’, where we are looking at building intellectual properties,” he added.

He said the group had also enhanced its solution and services for global customers through sustained investments in developing its Identity Management System.

“We are encouraged by the potential interest shown by several governments of developing nations to acquire and implement this system. Currently, we are working with two countries in this area of interest,” he added.

Through its subsidiaries in Australia and Indonesia, Harris said the company is moving into new areas such as automotive and business process outsourcing.

“Although, current revenue from the international business is small, we are confident that given time, it will grow to be a significant contributor to HeiTech’s top line,” he aded.

Last year, the group posted total revenue of RM376.2mil, with maintenance charges as the biggest contributor at 32%, followed by network services at 20%. - Bernama