KUALA LUMPUR: BIMOffice Group Bhd made a strong debut on the LEAP Market of Bursa Malaysia today, opening at 26.5 sen, up 11.5 sen from its reference price of 15 sen, with 40,000 shares traded.
The group provides digital construction planning services, using 3D models to help developers, consultants and contractors design and manage projects more efficiently.
Group managing director Ooi Choon Lim said the listing marks a significant milestone for the company, reflecting its growth journey and investor confidence.
"This listing is just the beginning for us as we look to leverage the platform to expand our market reach and continue driving digital transformation in the construction industry.
"We are proud of today’s achievement and look forward to scaling new heights in terms of revenue and profit after tax, while strengthening our position in the industry,” he said at a press conference today.
The group specialises in building information modelling (BIM), which digitises conventional two-dimensional drawings into data-rich three-dimensional models to improve planning, cost efficiency and project coordination.
"Our core services include digital consultancy, BIM design and construction, as well as digital software and information technology (IT) solutions, tailored to meet project requirements.
"Since our establishment in 2017, we have built strong experience across residential, commercial and infrastructure projects, including participation in notable developments such as the Rapid Transit System Link and projects in Kuala Lumpur city centre,” he said.
Meanwhile, executive director Tan Kean Eng said the ongoing Middle East conflict has not had a direct impact on the group’s operations.
"We believe there is no direct material impact as our services are mainly focused on the construction industry in Malaysia and Singapore, and we are not involved in cross-border goods.
"However, rising fuel and material costs may affect project rollouts and overall market sentiment, which could indirectly impact the industry,” he said.
Tan highlighted that the group remains resilient with an order book of RM6.26 million, providing earnings visibility until 2027.
"We believe cost pressures may accelerate the adoption of digital solutions such as BIM, as developers seek to improve efficiency, productivity and overall project quality,” he added.
At the close, its shares rose by 14 sen to 29 sen, with 115,100 shares traded. - Bernama
