Nestcon Bhd
MMYX:NESTCON0.46
MYR
+0.01
(+1.10%)
ISIN
MYQ0235OO000
Return %
Stock
S&P 500
1Y
43.75
14.20
3Y
31.43
81.12
5Y
-1.08
68.34
Capital Structure
FRC
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FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Jee Gin Lim
- Full Time Employees
- 997
- Sector
- Consumer durables
- Industry
- Homebuilding
- Address
- Puchong Malaysia
- IPO Date
- Jun 29, 2021
- Website
- nestcon.my
- Similar Companies
- Business
- Nestcon Berhad is a Malaysia-based investment holding company that provides comprehensive building construction, civil engineering, infrastructure development, and renewable energy solutions. Founded in 2001 and headquartered in Puchong, Selangor, Malaysia, the company operates primarily as a main contractor and subcontractor through its key operating subsidiaries, including Nestcon Builders Sdn Bhd, Nestcon Infra Sdn Bhd, and Nestcon Sustainable Solutions Sdn Bhd. The group holds Grade 7 (G7) contractor registrations with the Construction Industry Development Board (CIDB) of Malaysia, authorizing it to undertake projects of unlimited financial value. Nestcon operates across four core business segments: Building Construction, Civil Engineering and Infrastructure, Renewable Energy, and Property Development. Its building construction operations encompass the construction of high-rise residential properties, mixed commercial developments, industrial factories, and leisure facilities, providing structural works, architectural finishing, mechanical and electrical engineering, and project management services; civil engineering and infrastructure operations deliver site clearance, earthworks, land reclamation, roadworks, bridge construction, drainage and sewerage systems, and railway infrastructure; renewable energy operations comprise engineering, procurement, construction, and commissioning (EPCC) services for rooftop and floating solar photovoltaic (PV) systems, Large Scale Solar (LSS) farms, and ongoing asset operation and maintenance; and support operations include the rental of heavy construction machinery and equipment. The company serves residential, commercial, industrial, and institutional property developers, corporate clients, and public sector agencies throughout Malaysia, with major operating presence in Selangor, Kuala Lumpur, Penang, and Johor. In recent strategic developments, Nestcon expanded its business model beyond traditional construction and EPCC into property development by proposing a 95 million Malaysian ringgit land acquisition in Iskandar Puteri, Johor, aimed at executing mixed-use projects with an estimated gross development value of 1.37 billion Malaysian ringgit. In its renewable energy segment, the group entered into a joint venture consortium to develop a 70-megawatt large-scale solar photovoltaic plant under Malaysia's LSS PETRA 5+ program, while actively scaling its industrial solar installations. Additionally, Nestcon continues to expand its construction order book, securing significant multi-million ringgit contracts for high-rise residential towers and commercial suites in Penang, Kwasa Damansara, and Kuala Lumpur.