Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad MANAGEMENT DISCUSSION AND ANALYSIS (cont’d) Focus and Strategies for 2020 Our on-going projects and sales orders comprises of contracts secured from, amongst other, Lebuhraya Borneo Utara Sdn Bhd, MMC Gamuda KVMRT (UGW) Joint Venture, UEM Sunrise Bhd Group, Sunway Iskandar Sdn Bhd, Hillcrest Gardens Sdn Bhd and China Railway First Group Co.Ltd. Our on-going projects and sales orders include the following: (a) The supply contracts in relation to the supply of segmental box girders, tunnel lining segments (“TLS”) and other precast concrete products to KVMRT Line 2, with aggregate contract value of approximately RM330 million. The supplies of products under these contracts are expected to be completed in 2020; (b) PBH - Zecon Kimlun Consortium Sdn Bhd, the Company’s 30% owned joint venture company was awarded with a work package under the PBH for a contract sum of RM1.46 billion. The estimated completion period of the project is year 2021; (c) Main building works for 1 block of commercial building and 1 block of apartments at Medini Iskandar, Mukim Pulai, Daerah Johor Bahru, Johor at a contract sum of RM165.82 million. The estimated completion period of the project is year 2021; (d) Main building works for 2 blocks of apartments in Selangor (“the Project”) for a contract sum of RM204.40 million. The estimated completion period of the project is year 2022; and (e) The supply of pre-cast concrete pipes to Singapore Deep Tunnel Sewerage Phase 2 projects for Singapore Dollar 15.39 million. The estimated completion period of the project is year 2022. The Group will continue to bid for new construction projects in Malaysia, in particular those in relation to affordable housing development which receive strong demand from the low and middle income group. 22 Construction Division • Focus in the execution of projects in hand • Leverage on the diversified construction services track record to bid for new public and private sector projects solely or jointly with parties whom have complementary strengths Manufacturing Division • Focus in the production of pre-cast components for KVMRT Line 2 and Singapore MRT • Bid for orders from Singapore market including those in relation to MRT line, North South Corridor Expressway and private sector projects Property Development Division • Development planning of land bank in hand and in the pipeline; • Engage experience real estate agents and participate in roadshow to market balance stocks • Explore joint venture opportunities for properties development