Introduction

The Puncak Niaga Holdings Berhad (“Puncak Niaga”) Group is the leading regional integrated water, wastewater and environmental solutions provider with involvement in concession and facilities management services, plantation and property development sectors.

Puncak Niaga is an investment holding company whilst its subsidiaries are principally involved in the construction, water, wastewater, sewerage and environmental engineering sectors including undertaking research and development and technology development for the water, wastewater and environmental sectors, management and advisory services, facilities management services and plantation.

Established on 7 January 1997, Puncak Niaga was listed on the Main Board of Bursa Malaysia Securities Berhad (now known as the Main Market of Bursa Malaysia Securities Berhad) on 8 July 1997. As at the end of 31 May 2019, Puncak Niaga’s market capitalisation stood at RM154.3 million. It is the first water treatment and supply concession company to be listed on Bursa Malaysia Securities Berhad under the Infrastructure Project Company guidelines issued by Securities Commission and was reclassified to the Construction sector on 13 November 2015.

After being in the Selangor water services industry since 1994, on 15 October 2015, both PNSB Water Sdn Bhd (formerly known as Puncak Niaga (M) Sdn Bhd) (“PNSB”) and Syarikat Bekalan Air Selangor Sdn Bhd (“SYABAS”) were disposed to Pengurusan Air Selangor Sdn Bhd and ceased to be a wholly-owned subsidiary and jointly controlled entity of Puncak Niaga Group in line with the consolidation of the Selangor water services industry by the Federal Government and the State Government of Selangor.

Corporate Culture

The Puncak Values shape its organisational culture and guides the way the Company run its business. These values are integrated into the business processes and core values: Passionate about business for sustainable performance; United as one in corporate responsibility strategy to align with the Group’s vision – To be the leading regional integrated water, wastewater and environmental solutions provider with involvement in concession and facilities management services, plantation and property development sectors; Nurture human capital towards an exemplary workforce; Corporate Governance guides on the operations in an evolving global business environment; Accountable for all actions and engagement process with the Company’s stakeholders; Knowledgeable in all aspects of business operations and continue to be the trusted and reliable service provider.

Puncak Niaga is committed to upholding the principles of good corporate governance and core values such as quality, value, service, innovation, integrity and trust in the conduct of business which are integral to the Group’s success over the years.

Achievements and Impact

Following on from the commencement of business activities within the Plantation segment in 2017 which added to their value creation in 2018, the Group has expanded diversification into the concession and facilities management segment to add value to the Group’s longterm growth capacities. This was achieved through the completion of the acquisition of TRIplc Berhad on 31 May 2018.

For FY2018, Puncak Niaga performed comparatively better than the previous year as a result of sustained efforts to ensure operational and cost efficiencies. The Group posted a revenue of RM230.47 million, more than double its FY2017 revenue of RM101.28 million. The higher revenue was primarily due to revenue contribution from new concession and facilities management segment of RM131.13 million for the year.

Puncak Niaga has consistently maintained an effective risk management framework and process, which is deeply embedded within its business strategies, as well as operations and management. This has aided in minimising risk exposure in conducting business within a challenging operational landscape, and stay on course with achieving the Group’s long-term strategic objectives.